Citizens Savings Bank F.S.B. in Gaithersburg, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 22, 1997

  • Citizens Savings Bank F.S.B. in Gaithersburg, Maryland (MD)
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Citizens Savings Bank F.S.B. - Overview

  • General
  • FDIC Certificate #: 28713
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Provident Bank of Maryland (#15951)
    Federal Reserve ID: 442374
    Date Established: January 01, 1929
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2207
    FDIC's unique #: 41547
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: April 02, 1936
    Last Structure Change Effective Date: August 22, 1997
    Last Structure Change Process Date: September 10, 1997
    Last Data Update: September 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 22 Firstfield Road, Gaithersburg, MD 20878
    County: Montgomery
    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): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Bethesda-Rockville-Frederick, MD (#13644)
  • Financial Summary
  • Total assets: $691.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $180Total assets
  • $686,784Cash and due from depository institutions
  • $16,332Interest-bearing balances
  • $363Securities
  • $137,422Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $503,661Loan loss allowance
  • $5,533Trading account assets
  • $0Bank premises and fixed assets
  • $3,450Other real estate owned
  • $12,213Goodwill and other intangibles
  • $13,706Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $686,784Total liabilities
  • $646,250Total deposits
  • $542,271Interest-bearing deposits
  • $542,271Deposits held in domestic offices
  • 542271.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $24,238Trading liabilities
  • $0Other borrowed funds
  • $75,668Subordinated debt
  • $0All other liabilities
  • $4,073Total equity capital
  • $4,073Total bank equity capital
  • $40,534Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $14,874Undivided profits
  • Memoranda
  • $25,659Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $970Income earned, not collected on loans
  • $2,395Earning assets
  • $641,446Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $648,254Average Assets, quarterly
  • $677,521Volatile liabilities
  • $188,080Insider loans
  • $2,405FHLB advances
  • $74,800Loans and leases held for sale
  • $0Unused loan commitments
  • $72,361Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $40,620Total risk weighted assets
  • $442,179Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $47,994Total interest expense
  • $29,209Net interest income
  • $18,785Provision for loan and lease losses
  • $94Total noninterest income
  • $3,004Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,004Total noninterest expense
  • $17,641Salaries and employee benefits
  • $7,683Premises and equipment expense
  • $2,035Additional noninterest expense
  • $7,923Pre-tax net operating income
  • $4,054Securities gains (losses)
  • $851Applicable income taxes
  • $1,644Income before extraordinary items
  • $3,261Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,261Net charge-offs
  • $523Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.97%Cost of funding earning assets
  • 4.85%Net interest margin
  • 3.12%Noninterest income to earning assets
  • 0.50%Noninterest expense to earning assets
  • 2.93%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.50%Pretax return on assets
  • 0.76%Return on equity (ROE)
  • 8.43%Retained earnings to average equity (YTD only)
  • 8.43%Net charge-offs to loans
  • 0.11%Credit loss provision to net charge-offs
  • 17.97%Efficiency ratio
  • 80,963Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.09%Loss allowance to noncurrent loans
  • 538.97%Noncurrent assets plus other real estate owned to assets
  • 1.56%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 92.88%Net loans and leases to core deposits
  • 110.91%Equity capital to assets
  • 5.90%Core capital (leverage) ratio
  • 5.91%Tier 1 risk-based capital ratio
  • 9.19%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $648,254Average earning assets
  • $38,699Average equity
  • $602,435Average loans

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