Damascus Community Bank in Damascus, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Damascus Community Bank - Overview

  • General
  • FDIC Certificate #: 27280
    Status: Active
    Federal Reserve ID: 1198614
    Date Established: July 01, 1988
    WWW: http://www.damascuscommbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 39424
    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: July 01, 1988
    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: 26500 Ridge Road, Damascus, MD 20872
    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
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $242.1 mil
    Equity capital: $21.7 mil
    Deposits held in domestic offices: $216.8 mil
    Return on assets (ROA): 0.69% ($1.7 mil)
    Quarterly return on assets: 0.51% ($1.2 mil)
    Return on Equity (ROE): 8.18% ($1.8 mil)
    Quarterly return on equity: 5.80% ($1.3 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.05% ($2,542.5 mil)
    Quarterly Pretax return on assets: 0.83% ($2,009.8 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
  • 83Total employees (full-time equivalent)
  • $242,142Total assets
  • $18,773Cash and due from depository institutions
  • $15,030Interest-bearing balances
  • $33,153Securities
  • $30Federal funds sold & reverse repurchase agreements
  • $173,648Net loans & leases
  • $2,279Loan loss allowance
  • $0Trading account assets
  • $6,926Bank premises and fixed assets
  • $0Other real estate owned
  • $909Goodwill and other intangibles
  • $242,142Life insurance assets
  • $8,703All other assets
  • $220,491Total liabilities and capital
  • $216,815Total liabilities
  • $171,762Total deposits
  • $216,815Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 1845.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,831Subordinated debt
  • $21,651All other liabilities
  • $21,651Total equity capital
  • $21,651Total bank equity capital
  • $0Perpetual preferred stock
  • $4,839Common stock
  • $4,839Surplus
  • $11,973Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,562Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,632Income earned, not collected on loans
  • $0Earning assets
  • $3,698Long-term assets (5+ years)
  • $221,861Average Assets, year-to-date
  • $94,245Average Assets, quarterly
  • $245,673Volatile liabilities
  • $246,154Insider loans
  • $188,001FHLB advances
  • $249,752Loans and leases held for sale
  • $2,627Unused loan commitments
  • $2,627Tier 1 (core) risk-based capital
  • $20,267Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,973Restructured Loans and leases
  • $5,585Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,099Total interest income
  • $1,903Total interest expense
  • $9,196Net interest income
  • $940Provision for loan and lease losses
  • $2,450Total noninterest income
  • $0Fiduciary activities
  • $495Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,955Additional noninterest income
  • $8,690Total noninterest expense
  • $5,117Salaries and employee benefits
  • $971Premises and equipment expense
  • $2,602Additional noninterest expense
  • $2,016Pre-tax net operating income
  • $559Securities gains (losses)
  • $871Applicable income taxes
  • $1,704Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,704Net income attributable to bank
  • $0Net charge-offs
  • $1,704Cash dividends
  • $640Sale, conversion, retirement of capital stock, net
  • $452Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 0.85%Cost of funding earning assets
  • 4.11%Net interest margin
  • 1.09%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 1.05%Pretax return on assets
  • 8.18%Return on equity (ROE)
  • 6.01%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 146.88%Credit loss provision to net charge-offs
  • 4.62%Efficiency ratio
  • 74,618Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.53%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 49.20%Noncurrent assets plus other real estate owned to assets
  • 1.91%Noncurrent loans to loans
  • 2.63%Net loans and leases to deposits
  • 80.09%Net loans and leases to core deposits
  • 95.37%Equity capital to assets
  • 8.94%Core capital (leverage) ratio
  • 8.11%Tier 1 risk-based capital ratio
  • 10.78%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $245,673Average earning assets
  • $20,829Average equity
  • $223,998Average loans

List of branches

  • 5 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039424Damascus Community Bank26500 Ridge Road, Damascus, MD 20872July 01, 1988Full Service Brick and Mortar
    2261499Laytonsville Branch6820 Olney-Laytonsville Road, Laytonsville, MD 20879April 24, 1989Full Service Brick and Mortar
    4261501Clarksburg Branch23400 Frederick Road, Clarksburg, MD 20871Febuary 14, 2000Full Service Brick and Mortar
    5432638Green Valley Office11801 Fingerboard Road, Monrovia, MD 21770September 07, 2004Full Service Brick and Mortar
    6492006Mount Airy Branch201 E. Ridgeville Blvd, Mount Airy, MD 21771Febuary 02, 2009Full Service Brick and Mortar

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