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
1
Christine Morton
Report this comment as inappropriate
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.

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