Colombo Bank in Rockville, Maryland (MD), DC



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Colombo Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal 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)
Total employees (full-time equivalent)48
Total assets$151,957
Cash and due from depository institutions$24,571
Interest-bearing balances$24,256
Securities$37,404
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$84,120
Loan loss allowance $2,383
Trading account assets$0
Bank premises and fixed assets$556
Other real estate owned$1,962
Goodwill and other intangibles$0
All other assets$3,344
Life insurance assets$151,957
Total liabilities and capital$142,689
Total liabilities$111,992
Total deposits$105,079
Interest-bearing deposits$111,992
Deposits held in domestic offices$85
% insured (estimated)327.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$30,000
Other borrowed funds $0
Subordinated debt $370
All other liabilities $9,268
Total equity capital$9,268
Total bank equity capital$9,268
Perpetual preferred stock$4,650
Common stock$178
Surplus$3,430
Undivided profits $1,010
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 $9,739
Earning assets $0
Long-term assets (5+ years) $357
Average Assets, year-to-date $145,780
Average Assets, quarterly $0
Volatile liabilities $157,079
Insider loans $153,596
FHLB advances $75,791
Loans and leases held for sale $150,334
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $7,645
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $2,228
Derivatives$617
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,997
Total interest expense $2,123
Net interest income $3,874
Provision for loan and lease losses -$101
Total noninterest income $544
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $544
Total noninterest expense $6,120
Salaries and employee benefits $3,432
Premises and equipment expense $814
Additional noninterest expense $1,874
Pre-tax net operating income -$1,601
Securities gains (losses) $81
Applicable income taxes $0
Income before extraordinary items -$1,520
Extraordinary gains - net $0
Net income attributable to bank -$1,520
Net charge-offs $0
Cash dividends -$1,520
Sale, conversion, retirement of capital stock, net $191
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets3.99%
Cost of funding earning assets 1.41%
Net interest margin 2.58%
Noninterest income to earning assets 0.36%
Noninterest expense to earning assets 4.07%
Net operating income to assets -1.02%
Return on assets (ROA) -0.97%
Pretax return on assets -0.97%
Return on equity (ROE) -16.41%
Retained earnings to average equity (YTD only) -16.41%
Net charge-offs to loans 0.21%
Credit loss provision to net charge-offs -52.88%
Efficiency ratio-8.91%
Assets per employee$138,524
Cash dividends to net income (YTD only)3.17%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.75%
Noncurrent assets plus other real estate owned to assets 24.47%
Noncurrent loans to loans 7.70%
Net loans and leases to deposits11.26%
Net loans and leases to core deposits 75.11%
Equity capital to assets 106.01%
Core capital (leverage) ratio 6.10%
Tier 1 risk-based capital ratio 5.09%
Total risk-based capital ratio 10.09%
Memoranda
Average assets$11
Average earning assets$157,079
Average equity $9,262
Average loans $150,411
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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
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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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