Cecil Bank in Elkton, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Cecil Bank in Elkton, Maryland (MD)
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Cecil Bank - Overview

  • General
  • FDIC Certificate #: 31121
    Status: Active
    Federal Reserve ID: 813572
    Bank Holding Company (Regulatory Top Holder): Cecil Bancorp, Inc. (RSSDID: 3135190, Location: Elkton, MD)
    Date Established: October 07, 1959
    WWW: http://www.cecilbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 6420
    FDIC's unique #: 43955
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 07, 1959
    Last Structure Change Effective Date: July 14, 2008
    Last Structure Change Process Date: July 14, 2008
    Last Data Update: July 14, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 127 North St, Elkton, MD 21921
    County: Cecil
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Wilmington-Newark, DE-MD (#9160)
    Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77)
    Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428)
    Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980)
    Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864)
  • History of Changes
  • Corrections
  • Financial Summary
  • Total assets: $463.0 mil
    Equity capital: $37.4 mil
    Deposits held in domestic offices: $339.9 mil
    Return on assets (ROA): -0.96% (-$4.4 mil)
    Quarterly return on assets: -1.07% (-$5.0 mil)
    Return on Equity (ROE): -11.40% (-$4.2 mil)
    Quarterly return on equity: -13.16% (-$4.9 mil)
    Net income: -$4.5 mil
    Quarterly Net income: -$1.3 mil
    Pretax return on assets: -1.54% (-$7,129.7 mil)
    Quarterly Pretax return on assets: -1.45% (-$6,713.1 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 88Total employees (full-time equivalent)
  • $462,969Total assets
  • $33,867Cash and due from depository institutions
  • $28,507Interest-bearing balances
  • $33,400Securities
  • $559Federal funds sold & reverse repurchase agreements
  • $317,850Net loans & leases
  • $12,412Loan loss allowance
  • $0Trading account assets
  • $10,042Bank premises and fixed assets
  • $32,094Other real estate owned
  • $467Goodwill and other intangibles
  • $462,969Life insurance assets
  • $34,690All other assets
  • $425,602Total liabilities and capital
  • $339,928Total liabilities
  • $318,180Total deposits
  • $339,928Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $65,006Trading liabilities
  • $12,600Other borrowed funds
  • $8,068Subordinated debt
  • $37,367All other liabilities
  • $37,367Total equity capital
  • $37,367Total bank equity capital
  • $0Perpetual preferred stock
  • $1,075Common stock
  • $20,254Surplus
  • $16,038Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $37,815Income earned, not collected on loans
  • $0Earning assets
  • $844Long-term assets (5+ years)
  • $380,316Average Assets, year-to-date
  • $30,460Average Assets, quarterly
  • $474,052Volatile liabilities
  • $465,681Insider loans
  • $357,037FHLB advances
  • $462,235Loans and leases held for sale
  • $8,285Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,557Tier 2 risk-based capital
  • $8,285Total risk weighted assets
  • $0Total unused commitments
  • $5,753Restructured Loans and leases
  • $4,432Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $21,267Total interest income
  • $7,604Total interest expense
  • $13,663Net interest income
  • $6,958Provision for loan and lease losses
  • $1,370Total noninterest income
  • $0Fiduciary activities
  • $564Service charges on deposit accounts
  • $0Trading account gains & fees
  • $806Additional noninterest income
  • $15,382Total noninterest expense
  • $4,140Salaries and employee benefits
  • $1,097Premises and equipment expense
  • $10,145Additional noninterest expense
  • -$7,307Pre-tax net operating income
  • $0Securities gains (losses)
  • -$2,761Applicable income taxes
  • -$4,546Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,546Net income attributable to bank
  • $0Net charge-offs
  • -$4,546Cash dividends
  • $9,623Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.28%Yield on earning assets
  • 1.89%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 3.82%Noninterest expense to earning assets
  • -0.96%Net operating income to assets
  • -0.96%Return on assets (ROA)
  • -1.54%Pretax return on assets
  • -11.40%Return on equity (ROE)
  • -11.40%Retained earnings to average equity (YTD only)
  • 2.70%Net charge-offs to loans
  • 72.31%Credit loss provision to net charge-offs
  • -0.04%Efficiency ratio
  • 102,322Assets per employee
  • 5.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.76%Loss allowance to noncurrent loans
  • 32.82%Noncurrent assets plus other real estate owned to assets
  • 15.10%Noncurrent loans to loans
  • 11.45%Net loans and leases to deposits
  • 93.51%Net loans and leases to core deposits
  • 100.67%Equity capital to assets
  • 8.07%Core capital (leverage) ratio
  • 7.04%Tier 1 risk-based capital ratio
  • 9.12%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $474,052Average earning assets
  • $39,865Average equity
  • $402,517Average loans

List of branches

  • 11 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043955Cecil Bank127 North St, Elkton, MD 21921October 07, 1959Full Service Brick and Mortar
    1283540108 North East Plaza Branch108 North East Plaza, North East, MD 21901October 07, 1959Full Service Brick and Mortar
    245220Columbian Bank, A Federal Savings Bank Branch303 - 305 St John Avenue, Havre De Grace, MD 21078October 09, 1985Full Service Brick and Mortar
    3366367Pulaski Highway Branch1609 Pulaski Highway Branch, Havre De Grace, MD 21078September 18, 2000Full Service Brick and Mortar
    4366368114 East Pulaski Highway114 East Pulaski Highway, Elkton, MD 21921September 27, 1999Full Service Brick and Mortar
    5419196Rising Sun Towne Centre Branch56 Rising Sun Towne Centre, Rising Sun, MD 21911May 05, 2003Full Service Brick and Mortar
    6430028Turkey Point Branch1223-B Turkey Point Road, North East, MD 21901June 21, 2004Full Service Brick and Mortar
    7442598Cecilton Branch122 W. Main Street, Cecilton, MD 21913October 01, 2004Full Service Brick and Mortar
    8443947Conowingo Branch390 Conowingo Road, Conowingo, MD 21918June 27, 2005Full Service Brick and Mortar
    9453926Aberdeen Branch3 W Bel Air Avenue, Aberdeen, MD 21001December 14, 2005Full Service Brick and Mortar
    10478860Fair Hill Branch4434 Telegraph Road, Elkton, MD 21921January 11, 2008Full Service Brick and Mortar

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