Fairmount Bank in city_name, state_name - Detailed Financial Reports, Location

Fairmount Bank in Baltimore, Maryland (MD)
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Fairmount Bank - Overview

General
FDIC Certificate #: 32369
Status: Active
Federal Reserve ID: 313773
Date Established: April 04, 1879
WWW: http://www.fairmountbank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 8193
FDIC's unique #: 45203
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: August 02, 1985
Last Structure Change Effective Date: October 13, 2011
Last Structure Change Process Date: October 24, 2011
Last Data Update: October 24, 2011
Data Source Date: April 05, 2012
Location
Address: 8216 Philadelphia Road, Baltimore, MD 21237
County: Baltimore
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)
History of Changes
Participated in Absorption/Consolidation/Merger
Corrections
Financial Summary
Total assets: $79.7 mil
Equity capital: $10.7 mil
Deposits held in domestic offices: $58.5 mil
Return on assets (ROA): 2.04% ($1.6 mil)
Quarterly return on assets: 5.86% ($4.7 mil)
Return on Equity (ROE): 15.71% ($1.7 mil)
Quarterly return on equity: 43.84% ($4.8 mil)
Net income: $1.5 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 2.41% ($1,921.8 mil)
Quarterly Pretax return on assets: 6.13% ($4,888.2 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
13Total employees (full-time equivalent)
$79,742Total assets
$3,425Cash and due from depository institutions
$2,736Interest-bearing balances
$10,807Securities
$5,155Federal funds sold & reverse repurchase agreements
$54,558Net loans & leases
$532Loan loss allowance
$0Trading account assets
$3,306Bank premises and fixed assets
$1,168Other real estate owned
$51Goodwill and other intangibles
$79,742Life insurance assets
$1,272All other assets
$69,052Total liabilities and capital
$58,502Total liabilities
$57,589Total deposits
$58,502Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$10,293Trading liabilities
$0Other borrowed funds
$257Subordinated debt
$10,690All other liabilities
$10,690Total equity capital
$10,690Total bank equity capital
$0Perpetual preferred stock
$1Common stock
$1,936Surplus
$8,753Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,424Income earned, not collected on loans
$0Earning assets
$257Long-term assets (5+ years)
$73,256Average Assets, year-to-date
$0Average Assets, quarterly
$74,128Volatile liabilities
$76,151Insider loans
$42,140FHLB advances
$79,077Loans and leases held for sale
$69Unused loan commitments
$0Tier 1 (core) risk-based capital
$10,132Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,053Restructured Loans and leases
$331Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$3,777Total interest income
$1,081Total interest expense
$2,696Net interest income
$500Provision for loan and lease losses
$218Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$218Additional noninterest income
$1,654Total noninterest expense
$1,015Salaries and employee benefits
$278Premises and equipment expense
$361Additional noninterest expense
$760Pre-tax net operating income
$1Securities gains (losses)
$272Applicable income taxes
$489Income before extraordinary items
$1,022Extraordinary gains - net
$1,511Net income attributable to bank
$0Net charge-offs
$1,511Cash dividends
$283Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.49%Yield on earning assets
1.57%Cost of funding earning assets
3.92%Net interest margin
0.32%Noninterest income to earning assets
2.40%Noninterest expense to earning assets
0.66%Net operating income to assets
2.04%Return on assets (ROA)
2.41%Pretax return on assets
15.71%Return on equity (ROE)
15.71%Retained earnings to average equity (YTD only)
0.51%Net charge-offs to loans
176.68%Credit loss provision to net charge-offs
4.45%Efficiency ratio
56,760Assets per employee
6.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
37.36%Noncurrent assets plus other real estate owned to assets
2.89%Noncurrent loans to loans
2.58%Net loans and leases to deposits
93.26%Net loans and leases to core deposits
100.21%Equity capital to assets
13.41%Core capital (leverage) ratio
12.81%Tier 1 risk-based capital ratio
24.04%Total risk-based capital ratio
Memoranda
$25Average assets
$74,128Average earning assets
$9,620Average equity
$68,811Average loans

List of branches

2 Maryland Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type	Map
0	45203	Fairmount Bank	8216 Philadelphia Road, Baltimore, MD 21237	April 04, 1879	Full Service Brick and Mortar
1	42348	Baltimore Branch	7527 Belair Road, Nottingham, MD 21236	September 12, 1985	Full Service Brick and Mortar

Fairmount Bank in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

Fairmount Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Fairmount Bank in Baltimore, Maryland (MD)Overview, Financial Summary, Detailed Financial Reports, Branches

Fairmount Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Fairmount Bank in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches