County First Bank in La Plata, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

County First Bank - Overview

  • General
  • FDIC Certificate #: 32904
    Status: Active
    Federal Reserve ID: 1442661
    Date Established: March 28, 1990
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 45816
    Numeric code: 21
    Regulator: FDIC
    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: March 28, 1990
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 202 Centennial Street, La Plata, MD 20646
    County: Charles
    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: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $184.3 mil
    Equity capital: $22.0 mil
    Deposits held in domestic offices: $159.7 mil
    Return on assets (ROA): 0.59% ($1.1 mil)
    Quarterly return on assets: 0.68% ($1.3 mil)
    Return on Equity (ROE): 5.10% ($1.1 mil)
    Quarterly return on equity: 5.71% ($1.3 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.92% ($1,695.7 mil)
    Quarterly Pretax return on assets: 1.02% ($1,880.0 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
  • 55Total employees (full-time equivalent)
  • $184,313Total assets
  • $8,212Cash and due from depository institutions
  • $7,334Interest-bearing balances
  • $19,986Securities
  • $6,246Federal funds sold & reverse repurchase agreements
  • $137,985Net loans & leases
  • $1,826Loan loss allowance
  • $0Trading account assets
  • $4,120Bank premises and fixed assets
  • $801Other real estate owned
  • $0Goodwill and other intangibles
  • $184,313Life insurance assets
  • $6,963All other assets
  • $162,280Total liabilities and capital
  • $159,724Total liabilities
  • $121,358Total deposits
  • $159,724Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 1394.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,162Subordinated debt
  • $22,033All other liabilities
  • $22,033Total equity capital
  • $22,033Total bank equity capital
  • $0Perpetual preferred stock
  • $814Common stock
  • $13,630Surplus
  • $7,589Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,911Income earned, not collected on loans
  • $0Earning assets
  • $430Long-term assets (5+ years)
  • $171,551Average Assets, year-to-date
  • $35,848Average Assets, quarterly
  • $185,911Volatile liabilities
  • $182,659Insider loans
  • $164,235FHLB advances
  • $183,170Loans and leases held for sale
  • $4,549Unused loan commitments
  • $1,805Tier 1 (core) risk-based capital
  • $22,033Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,744Total unused commitments
  • $37,442Restructured Loans and leases
  • $4,354Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,397Total interest income
  • $1,212Total interest expense
  • $7,185Net interest income
  • $525Provision for loan and lease losses
  • $863Total noninterest income
  • $0Fiduciary activities
  • $374Service charges on deposit accounts
  • $0Trading account gains & fees
  • $489Additional noninterest income
  • $5,813Total noninterest expense
  • $3,037Salaries and employee benefits
  • $753Premises and equipment expense
  • $2,023Additional noninterest expense
  • $1,710Pre-tax net operating income
  • $0Securities gains (losses)
  • $607Applicable income taxes
  • $1,103Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,103Net income attributable to bank
  • $0Net charge-offs
  • $1,103Cash dividends
  • $153Sale, conversion, retirement of capital stock, net
  • $804Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.91%Yield on earning assets
  • 0.71%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 5.10%Return on equity (ROE)
  • 1.38%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 343.14%Credit loss provision to net charge-offs
  • 14.61%Efficiency ratio
  • 72,229Assets per employee
  • 3.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.89%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 46.69%Noncurrent assets plus other real estate owned to assets
  • 2.56%Noncurrent loans to loans
  • 2.80%Net loans and leases to deposits
  • 86.39%Net loans and leases to core deposits
  • 94.98%Equity capital to assets
  • 11.95%Core capital (leverage) ratio
  • 12.03%Tier 1 risk-based capital ratio
  • 13.42%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $185,911Average earning assets
  • $21,607Average equity
  • $170,963Average loans

List of branches

  • 7 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045816County First Bank202 Centennial Street, La Plata, MD 20646March 28, 1990Full Service Brick and Mortar
    1289060Waldorf Branch3670 Old Washington Road, Waldorf, MD 20602April 03, 1995Full Service Brick and Mortar
    2289061Operations Center#6 St Mary's Avenue, La Plata, MD 20646November 30, 1998Limited Service Administrative
    335818522805 Three Notch Road Branch22805 Three Notch Road, California, MD 20619August 14, 2000Full Service Brick and Mortar
    4362060New Market Branch37605 New Market Road, Charlotte Hall, MD 20622September 04, 2001Full Service Brick and Mortar
    5452349222 Town Square Drive222 Town Square Drive, Lusby, MD 20657July 10, 2006Full Service Brick and Mortar
    6466266Prince Frederick Branch85 Sherry Lane, Prince Frederick, MD 20678June 12, 2007Full Service Brick and Mortar

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