CommerceFirst Bank in Annapolis, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

CommerceFirst Bank - Overview

  • General
  • FDIC Certificate #: 35475
    Status: Active
    Federal Reserve ID: 2897736
    Bank Holding Company (Regulatory Top Holder): Commercefirst Bancorp, Inc. (RSSDID: 2897727, Location: Annapolis, MD)
    Date Established: June 29, 2000
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 80559
    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: June 29, 2000
    Last Structure Change Effective Date: July 16, 2008
    Last Structure Change Process Date: July 16, 2008
    Last Data Update: July 16, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 1804 West Street, Annapolis, MD 21401
    County: Anne Arundel
    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): Baltimore, MD (#720)
    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): Baltimore-Towson, MD (#12580)
    CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
  • History of Changes
  • Corrections
  • Financial Summary
  • Total assets: $207.2 mil
    Equity capital: $22.9 mil
    Deposits held in domestic offices: $183.8 mil
    Return on assets (ROA): 0.95% ($2.0 mil)
    Quarterly return on assets: 0.94% ($1.9 mil)
    Return on Equity (ROE): 8.94% ($2.1 mil)
    Quarterly return on equity: 8.56% ($2.0 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 1.55% ($3,211.6 mil)
    Quarterly Pretax return on assets: 1.56% ($3,232.3 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
  • 37Total employees (full-time equivalent)
  • $207,199Total assets
  • $17,800Cash and due from depository institutions
  • $15,639Interest-bearing balances
  • $0Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $181,265Net loans & leases
  • $3,033Loan loss allowance
  • $0Trading account assets
  • $418Bank premises and fixed assets
  • $4,232Other real estate owned
  • $0Goodwill and other intangibles
  • $207,199Life insurance assets
  • $3,484All other assets
  • $184,282Total liabilities and capital
  • $183,809Total liabilities
  • $152,182Total deposits
  • $183,809Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $473Subordinated debt
  • $22,917All other liabilities
  • $22,917Total equity capital
  • $22,917Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $11,500Surplus
  • $7,417Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,668Income earned, not collected on loans
  • $0Earning assets
  • $767Long-term assets (5+ years)
  • $196,904Average Assets, year-to-date
  • $1,049Average Assets, quarterly
  • $206,444Volatile liabilities
  • $205,995Insider loans
  • $189,727FHLB advances
  • $210,015Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,917Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,599Restructured Loans and leases
  • $2,346Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,241Total interest income
  • $2,092Total interest expense
  • $10,149Net interest income
  • $2,533Provision for loan and lease losses
  • $1,146Total noninterest income
  • $0Fiduciary activities
  • $516Service charges on deposit accounts
  • $0Trading account gains & fees
  • $630Additional noninterest income
  • $5,557Total noninterest expense
  • $3,118Salaries and employee benefits
  • $769Premises and equipment expense
  • $1,670Additional noninterest expense
  • $3,205Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,245Applicable income taxes
  • $1,960Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,960Net income attributable to bank
  • $0Net charge-offs
  • $1,960Cash dividends
  • $2,674Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.22%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 5.16%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.82%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.55%Pretax return on assets
  • 8.94%Return on equity (ROE)
  • 8.94%Retained earnings to average equity (YTD only)
  • 1.46%Net charge-offs to loans
  • 94.73%Credit loss provision to net charge-offs
  • 2.15%Efficiency ratio
  • 49,199Assets per employee
  • 5.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 113.68%Noncurrent assets plus other real estate owned to assets
  • 3.33%Noncurrent loans to loans
  • 1.45%Net loans and leases to deposits
  • 98.62%Net loans and leases to core deposits
  • 127.66%Equity capital to assets
  • 11.06%Core capital (leverage) ratio
  • 10.91%Tier 1 risk-based capital ratio
  • 12.08%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $206,444Average earning assets
  • $21,932Average equity
  • $196,839Average loans

List of branches

  • 5 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    080559Commercefirst Bank1804 West Street, Annapolis, MD 21401June 29, 2000Full Service Brick and Mortar
    1441786Lanham Branch4451 Parliament Place, Lanham, MD 20706September 30, 2004Full Service Brick and Mortar
    2452560Bwi Office Branch910 Cromwell Park Drive, Glen Burnie, MD 21061June 29, 2006Full Service Brick and Mortar
    3465939Old Dobbin Lane Branch6230 Old Dobbin Lanr, Columbia, MD 21045August 10, 2006Full Service Brick and Mortar
    4465940Severna Park Branch487 Ritchie Highway, Severna Park, MD 21146June 12, 2007Full Service Brick and Mortar

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