Equitable Bank in Wheaton, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 14, 2003

  • Equitable Bank in Wheaton, Maryland (MD)
  • Show street view No street view available for this location

Equitable Bank - Overview

  • General
  • FDIC Certificate #: 31606
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 193274
    Date Established: December 01, 1971
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7245
    FDIC's unique #: 44440
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 01, 1972
    Last Structure Change Effective Date: March 14, 2003
    Last Structure Change Process Date: March 25, 2003
    Last Data Update: March 25, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 11501 Georgia Ave, Wheaton, MD 20902
    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)
  • Financial Summary
  • Total assets: $461.1 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, 2002)

  • Dollar figures in thousands
  • 77Total employees (full-time equivalent)
  • $461,133Total assets
  • $7,716Cash and due from depository institutions
  • $5,981Interest-bearing balances
  • $121,912Securities
  • $2,750Federal funds sold & reverse repurchase agreements
  • $318,169Net loans & leases
  • $877Loan loss allowance
  • $0Trading account assets
  • $982Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $9,604All other assets
  • $461,133Total liabilities and capital
  • $428,462Total liabilities
  • $306,877Total deposits
  • $299,835Interest-bearing deposits
  • $306,877Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $120,000Other borrowed funds
  • $0Subordinated debt
  • $1,585All other liabilities
  • $32,671Total equity capital
  • $32,671Total bank equity capital
  • $32,671Perpetual preferred stock
  • $0Common stock
  • $14Surplus
  • $7,496Undivided profits
  • Memoranda
  • $25,161Noncurrent loans and leases
  • $50,454Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $133Earning assets
  • $0Long-term assets (5+ years)
  • $1,463Average Assets, year-to-date
  • $448,812Average Assets, quarterly
  • $0Volatile liabilities
  • $467,702Insider loans
  • $460,762FHLB advances
  • $175,775Loans and leases held for sale
  • $2,360Unused loan commitments
  • $120,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $50,454Total unused commitments
  • $0Restructured Loans and leases
  • $877Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $27,488Total interest income
  • $16,419Total interest expense
  • $11,069Net interest income
  • $90Provision for loan and lease losses
  • $957Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $957Additional noninterest income
  • $6,970Total noninterest expense
  • $4,014Salaries and employee benefits
  • $1,193Premises and equipment expense
  • $1,763Additional noninterest expense
  • $4,966Pre-tax net operating income
  • $445Securities gains (losses)
  • $2,067Applicable income taxes
  • $3,344Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,344Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$16Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.04%Yield on earning assets
  • 3.61%Cost of funding earning assets
  • 2.43%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 1.53%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.71%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 11.15%Return on equity (ROE)
  • 11.15%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -562.50%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,958Assets per employee
  • 5.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.27%Loss allowance to noncurrent loans
  • 659.40%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 103.68%Net loans and leases to core deposits
  • 126.71%Equity capital to assets
  • 7.08%Core capital (leverage) ratio
  • 7.08%Tier 1 risk-based capital ratio
  • 13.80%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $467,702Average earning assets
  • $29,988Average equity
  • $455,313Average loans
Christine Morton
Sep 16, 2021 @ 8:08 am
I went to VA DMV for Replacement and Substitute Titles for my deceased husband. I was told there was a lien but it was paid off and I needed to have a letter from Equitable Federal Savings Bank to receive a replacement title. I have a note from Consumer Loan Servicing Department from the Bank saying the enclosed documents in connection with the payoff of loan as: Paid & Cancelled Note. From searching the internet with help from FDIC the Bank has merged with Truist Bank. Can you help me with getting a copy of the letter stating it has been paid off dated February 27, 1990.

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Equitable Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents