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

  • 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
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    045203Fairmount Bank8216 Philadelphia Road, Baltimore, MD 21237April 04, 1879Full Service Brick and Mortar
    142348Baltimore Branch7527 Belair Road, Nottingham, MD 21236September 12, 1985Full Service Brick and Mortar

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