Fairfax Savings, A FSB in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 1997

  • Fairfax Savings, A FSB in Baltimore, Maryland (MD)
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Fairfax Savings, A FSB - Overview

  • General
  • FDIC Certificate #: 32381
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Susquehanna Bank (#29973)
    Federal Reserve ID: 456278
    Date Established: September 19, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8205
    FDIC's unique #: 45215
    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: September 19, 1985
    Last Structure Change Effective Date: May 01, 1997
    Last Structure Change Process Date: May 13, 1997
    Last Data Update: May 23, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 17 Light Street, Baltimore, MD 21202
    County: Baltimore City
    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)
  • Financial Summary
  • Total assets: $440.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $159Total assets
  • $457,036Cash and due from depository institutions
  • $12,640Interest-bearing balances
  • $9,674Securities
  • $24,366Federal funds sold & reverse repurchase agreements
  • $6,836Net loans & leases
  • $377,676Loan loss allowance
  • $3,915Trading account assets
  • $0Bank premises and fixed assets
  • $1,096Other real estate owned
  • $1,332Goodwill and other intangibles
  • $12,917Life insurance assets
  • $20,173All other assets
  • $0Total liabilities and capital
  • $457,036Total liabilities
  • $409,312Total deposits
  • $361,593Interest-bearing deposits
  • $352,320Deposits held in domestic offices
  • 361593.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $7,158Trading liabilities
  • $0Other borrowed funds
  • $23,117Subordinated debt
  • $15,000All other liabilities
  • $2,444Total equity capital
  • $2,444Total bank equity capital
  • $47,724Perpetual preferred stock
  • $0Common stock
  • $60Surplus
  • $46,736Undivided profits
  • Memoranda
  • $928Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,626Income earned, not collected on loans
  • $2,732Earning assets
  • $418,552Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $466,778Average Assets, quarterly
  • $465,194Volatile liabilities
  • $60,940Insider loans
  • $17FHLB advances
  • $10,117Loans and leases held for sale
  • $0Unused loan commitments
  • $24,879Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $27,555Total risk weighted assets
  • $256,620Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $33,767Total interest expense
  • $18,620Net interest income
  • $15,147Provision for loan and lease losses
  • $20Total noninterest income
  • $1,463Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,463Total noninterest expense
  • $14,206Salaries and employee benefits
  • $6,123Premises and equipment expense
  • $1,529Additional noninterest expense
  • $6,554Pre-tax net operating income
  • $2,384Securities gains (losses)
  • $1,528Applicable income taxes
  • $1,930Income before extraordinary items
  • $1,982Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,982Net charge-offs
  • $83Cash dividends
  • $928Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.84%Cost of funding earning assets
  • 4.33%Net interest margin
  • 3.52%Noninterest income to earning assets
  • 0.34%Noninterest expense to earning assets
  • 3.30%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 0.84%Return on equity (ROE)
  • 4.24%Retained earnings to average equity (YTD only)
  • 2.25%Net charge-offs to loans
  • 0.02%Credit loss provision to net charge-offs
  • 24.10%Efficiency ratio
  • 77,628Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.82%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 107.97%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 104.45%Net loans and leases to core deposits
  • 114.13%Equity capital to assets
  • 10.44%Core capital (leverage) ratio
  • 6.30%Tier 1 risk-based capital ratio
  • 10.74%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $466,778Average earning assets
  • $46,773Average equity
  • $430,438Average loans

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