Cecil Bank in Elkton, Maryland (MD)
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| Cecil Bank | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 88 |
| Total assets | $462,969 |
| Cash and due from depository institutions | $33,867 |
| Interest-bearing balances | $28,507 |
| Securities | $33,400 |
| Federal funds sold & reverse repurchase agreements | $559 |
| Net loans & leases | $317,850 |
| Loan loss allowance | $12,412 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $10,042 |
| Other real estate owned | $32,094 |
| Goodwill and other intangibles | $467 |
| All other assets | $34,690 |
| Life insurance assets | $462,969 |
| Total liabilities and capital | $425,602 |
| Total liabilities | $339,928 |
| Total deposits | $318,180 |
| Interest-bearing deposits | $339,928 |
| Deposits held in domestic offices | $99 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $65,006 |
| Other borrowed funds | $12,600 |
| Subordinated debt | $8,068 |
| All other liabilities | $37,367 |
| Total equity capital | $37,367 |
| Total bank equity capital | $37,367 |
| Perpetual preferred stock | $0 |
| Common stock | $1,075 |
| Surplus | $20,254 |
| Undivided profits | $16,038 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $37,815 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $844 |
| Average Assets, year-to-date | $380,316 |
| Average Assets, quarterly | $30,460 |
| Volatile liabilities | $474,052 |
| Insider loans | $465,681 |
| FHLB advances | $357,037 |
| Loans and leases held for sale | $462,235 |
| Unused loan commitments | $8,285 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $32,557 |
| Total risk weighted assets | $8,285 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $5,753 |
| Derivatives | $4,432 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $21,267 |
| Total interest expense | $7,604 |
| Net interest income | $13,663 |
| Provision for loan and lease losses | $6,958 |
| Total noninterest income | $1,370 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $564 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $806 |
| Total noninterest expense | $15,382 |
| Salaries and employee benefits | $4,140 |
| Premises and equipment expense | $1,097 |
| Additional noninterest expense | $10,145 |
| Pre-tax net operating income | -$7,307 |
| Securities gains (losses) | $0 |
| Applicable income taxes | -$2,761 |
| Income before extraordinary items | -$4,546 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$4,546 |
| Net charge-offs | $0 |
| Cash dividends | -$4,546 |
| Sale, conversion, retirement of capital stock, net | $9,623 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.28% |
| Cost of funding earning assets | 1.89% |
| Net interest margin | 3.39% |
| Noninterest income to earning assets | 0.34% |
| Noninterest expense to earning assets | 3.82% |
| Net operating income to assets | -0.96% |
| Return on assets (ROA) | -0.96% |
| Pretax return on assets | -1.54% |
| Return on equity (ROE) | -11.40% |
| Retained earnings to average equity (YTD only) | -11.40% |
| Net charge-offs to loans | 2.70% |
| Credit loss provision to net charge-offs | 72.31% |
| Efficiency ratio | -0.04% |
| Assets per employee | $102,322 |
| Cash dividends to net income (YTD only) | 5.26% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 3.76% |
| Noncurrent assets plus other real estate owned to assets | 32.82% |
| Noncurrent loans to loans | 15.10% |
| Net loans and leases to deposits | 11.45% |
| Net loans and leases to core deposits | 93.51% |
| Equity capital to assets | 100.67% |
| Core capital (leverage) ratio | 8.07% |
| Tier 1 risk-based capital ratio | 7.04% |
| Total risk-based capital ratio | 9.12% |
| Memoranda | |
| Average assets | $14 |
| Average earning assets | $474,052 |
| Average equity | $39,865 |
| Average loans | $402,517 |
| 11 Maryland Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 43955 | Cecil Bank | 127 North St, Elkton, MD 21921 | October 07, 1959 | Full Service Brick and Mortar |  |
| 1 | 283540 | 108 North East Plaza Branch | 108 North East Plaza, North East, MD 21901 | October 07, 1959 | Full Service Brick and Mortar |  |
| 2 | 45220 | Columbian Bank, A Federal Savings Bank Branch | 303 - 305 St John Avenue, Havre De Grace, MD 21078 | October 09, 1985 | Full Service Brick and Mortar | |
| 3 | 366367 | Pulaski Highway Branch | 1609 Pulaski Highway Branch, Havre De Grace, MD 21078 | September 18, 2000 | Full Service Brick and Mortar | |
| 4 | 366368 | 114 East Pulaski Highway | 114 East Pulaski Highway, Elkton, MD 21921 | September 27, 1999 | Full Service Brick and Mortar | |
| 5 | 419196 | Rising Sun Towne Centre Branch | 56 Rising Sun Towne Centre, Rising Sun, MD 21911 | May 05, 2003 | Full Service Brick and Mortar | |
| 6 | 430028 | Turkey Point Branch | 1223-B Turkey Point Road, North East, MD 21901 | June 21, 2004 | Full Service Brick and Mortar | |
| 7 | 442598 | Cecilton Branch | 122 W. Main Street, Cecilton, MD 21913 | October 01, 2004 | Full Service Brick and Mortar | |
| 8 | 443947 | Conowingo Branch | 390 Conowingo Road, Conowingo, MD 21918 | June 27, 2005 | Full Service Brick and Mortar | |
| 9 | 453926 | Aberdeen Branch | 3 W Bel Air Avenue, Aberdeen, MD 21001 | December 14, 2005 | Full Service Brick and Mortar | |
| 10 | 478860 | Fair Hill Branch | 4434 Telegraph Road, Elkton, MD 21921 | January 11, 2008 | Full Service Brick and Mortar | |
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