Farmers & Mechanics Bank in Frederick, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 14, 2007

  • Farmers & Mechanics Bank in Frederick, Maryland (MD)
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Farmers & Mechanics Bank - Overview

  • General
  • FDIC Certificate #: 4842
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 802129
    Date Established: January 01, 1817
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 28 (Interstate: No)
    OTS Docket #: 10671
    FDIC's unique #: 3226
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 14, 2007
    Last Structure Change Process Date: December 31, 2007
    Last Data Update: December 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: Thomas Johnson Drive, Frederick, MD 21702
    County: Frederick
    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: $2,023.8 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, 2006)

  • Dollar figures in thousands
  • 401Total employees (full-time equivalent)
  • $1,977,667Total assets
  • $42,311Cash and due from depository institutions
  • $7,730Interest-bearing balances
  • $389,453Securities
  • $20,004Federal funds sold & reverse repurchase agreements
  • $1,164,549Net loans & leases
  • $10,826Loan loss allowance
  • $0Trading account assets
  • $14,575Bank premises and fixed assets
  • $139Other real estate owned
  • $283,196Goodwill and other intangibles
  • $22,088Life insurance assets
  • $63,440All other assets
  • $1,977,667Total liabilities and capital
  • $1,533,114Total liabilities
  • $1,335,042Total deposits
  • $1,061,580Interest-bearing deposits
  • $1,335,042Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $92,941Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $32,141Other borrowed funds
  • $48,900Subordinated debt
  • $24,090All other liabilities
  • $444,553Total equity capital
  • $444,553Total bank equity capital
  • $444,553Perpetual preferred stock
  • $0Common stock
  • $4,001Surplus
  • $405,011Undivided profits
  • Memoranda
  • $35,541Noncurrent loans and leases
  • $441,005Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $779Earning assets
  • $0Long-term assets (5+ years)
  • $7,307Average Assets, year-to-date
  • $1,581,736Average Assets, quarterly
  • $415,809Volatile liabilities
  • $1,981,156Insider loans
  • $1,972,184FHLB advances
  • $235,077Loans and leases held for sale
  • $44,615Unused loan commitments
  • $32,141Tier 1 (core) risk-based capital
  • $410Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $441,005Total unused commitments
  • $0Restructured Loans and leases
  • $61,039Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $95,612Total interest income
  • $31,421Total interest expense
  • $64,191Net interest income
  • -$820Provision for loan and lease losses
  • $27,884Total noninterest income
  • $0Fiduciary activities
  • $5,820Service charges on deposit accounts
  • $0Trading account gains & fees
  • $22,064Additional noninterest income
  • $56,816Total noninterest expense
  • $26,794Salaries and employee benefits
  • $7,263Premises and equipment expense
  • $22,759Additional noninterest expense
  • $36,079Pre-tax net operating income
  • -$11Securities gains (losses)
  • $12,250Applicable income taxes
  • $23,818Income before extraordinary items
  • $0Extraordinary gains - net
  • $23,818Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $518Sale, conversion, retirement of capital stock, net
  • $20,953Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.03%Yield on earning assets
  • 1.98%Cost of funding earning assets
  • 4.05%Net interest margin
  • 1.76%Noninterest income to earning assets
  • 3.58%Noninterest expense to earning assets
  • 1.20%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.82%Pretax return on assets
  • 5.39%Return on equity (ROE)
  • 0.65%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • -158.30%Credit loss provision to net charge-offs
  • 68.07%Efficiency ratio
  • 57,955Assets per employee
  • 4.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.97%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 1389.73%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.07%Net loans and leases to deposits
  • 87.23%Net loans and leases to core deposits
  • 97.21%Equity capital to assets
  • 22.48%Core capital (leverage) ratio
  • 10.05%Tier 1 risk-based capital ratio
  • 12.29%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,981,156Average earning assets
  • $441,623Average equity
  • $1,586,156Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $257,362Managed Assets
  • 1Number of Accounts
  • $250,444Personal trust and agency accounts
  • $127,535Employee benefit-defined contribution accounts
  • $1,923Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $15,734Corporate trust and agency accounts
  • $55Investment management agency accounts
  • $103,242Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1,955Non-managed Assets
  • 657Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,918Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $3,203Fiduciary accounts held in foreign offices

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