Colombo Bank in Rockville, Maryland (MD), DC
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Colombo Bank in Rockville, Maryland (MD), DC
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Colombo Bank - Overview

  • General
  • FDIC Certificate #: 32654
    Status: Active
    Federal Reserve ID: 695077
    Date Established: June 01, 1914
    WWW: http://www.colombobank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 4 (Domestic: 4, Interstate: Yes)
    OTS Docket #: 8575
    FDIC's unique #: 45488
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: June 20, 1989
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 14801 Southlawn Lane, Rockville, MD 20850
    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)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $152.0 mil
    Equity capital: $9.3 mil
    Deposits held in domestic offices: $112.0 mil
    Return on assets (ROA): -0.97% (-$1.5 mil)
    Quarterly return on assets: -0.56% (-$0.9 mil)
    Return on Equity (ROE): -16.41% (-$1.5 mil)
    Quarterly return on equity: -9.15% (-$0.8 mil)
    Net income: -$1.5 mil
    Quarterly Net income: -$0.2 mil
    Pretax return on assets: -0.97% (-$1,474.0 mil)
    Quarterly Pretax return on assets: -0.56% (-$851.0 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
  • 48Total employees (full-time equivalent)
  • $151,957Total assets
  • $24,571Cash and due from depository institutions
  • $24,256Interest-bearing balances
  • $37,404Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $84,120Net loans & leases
  • $2,383Loan loss allowance
  • $0Trading account assets
  • $556Bank premises and fixed assets
  • $1,962Other real estate owned
  • $0Goodwill and other intangibles
  • $151,957Life insurance assets
  • $3,344All other assets
  • $142,689Total liabilities and capital
  • $111,992Total liabilities
  • $105,079Total deposits
  • $111,992Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 327.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,000Trading liabilities
  • $0Other borrowed funds
  • $370Subordinated debt
  • $9,268All other liabilities
  • $9,268Total equity capital
  • $9,268Total bank equity capital
  • $4,650Perpetual preferred stock
  • $178Common stock
  • $3,430Surplus
  • $1,010Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,739Income earned, not collected on loans
  • $0Earning assets
  • $357Long-term assets (5+ years)
  • $145,780Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $157,079Volatile liabilities
  • $153,596Insider loans
  • $75,791FHLB advances
  • $150,334Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,645Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,228Restructured Loans and leases
  • $617Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,997Total interest income
  • $2,123Total interest expense
  • $3,874Net interest income
  • -$101Provision for loan and lease losses
  • $544Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $544Additional noninterest income
  • $6,120Total noninterest expense
  • $3,432Salaries and employee benefits
  • $814Premises and equipment expense
  • $1,874Additional noninterest expense
  • -$1,601Pre-tax net operating income
  • $81Securities gains (losses)
  • $0Applicable income taxes
  • -$1,520Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,520Net income attributable to bank
  • $0Net charge-offs
  • -$1,520Cash dividends
  • $191Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.99%Yield on earning assets
  • 1.41%Cost of funding earning assets
  • 2.58%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • -1.02%Net operating income to assets
  • -0.97%Return on assets (ROA)
  • -0.97%Pretax return on assets
  • -16.41%Return on equity (ROE)
  • -16.41%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • -52.88%Credit loss provision to net charge-offs
  • -8.91%Efficiency ratio
  • 138,524Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.75%Loss allowance to noncurrent loans
  • 24.47%Noncurrent assets plus other real estate owned to assets
  • 7.70%Noncurrent loans to loans
  • 11.26%Net loans and leases to deposits
  • 75.11%Net loans and leases to core deposits
  • 106.01%Equity capital to assets
  • 6.10%Core capital (leverage) ratio
  • 5.09%Tier 1 risk-based capital ratio
  • 10.09%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $157,079Average earning assets
  • $9,262Average equity
  • $150,411Average loans

List of branches

  • 1 District Of Columbia Branch as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    4463209Dc Branch1660 L Street, Nw, Washington, DC 20036January 06, 2007Full Service Brick and Mortar
  • 3 Maryland Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    045488Colombo Bank14801 Southlawn Lane, Rockville, MD 20850June 01, 1914Full Service Brick and Mortar
    1288884Bethesda Branch6929 Arlington Rd, Bethesda, MD 20814April 21, 1991Full Service Brick and Mortar
    3448876Albemarle Street Branch224 Albemarle St, Baltimore, MD 21202June 30, 2002Full Service Brick and Mortar

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