First American Bank of Maryland in Silver Spring, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 27, 1993

  • First American Bank of Maryland in Silver Spring, Maryland (MD)
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First American Bank of Maryland - Overview

  • General
  • FDIC Certificate #: 16507
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank of Maryland (#18024)
    Federal Reserve ID: 325020
    Date Established: November 18, 1946
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 45 (Interstate: No)
    OTS Docket #: 8999
    FDIC's unique #: 10664
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 18, 1946
    Last Structure Change Effective Date: October 27, 1993
    Last Structure Change Process Date: November 04, 1993
    Last Data Update: November 04, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 8701 Georgia Avenue, Silver Spring, 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: $1,077.6 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $316Total assets
  • $1,055,516Cash and due from depository institutions
  • $68,323Interest-bearing balances
  • $0Securities
  • $99,153Federal funds sold & reverse repurchase agreements
  • $107,000Net loans & leases
  • $713,151Loan loss allowance
  • $37,000Trading account assets
  • $0Bank premises and fixed assets
  • $14,512Other real estate owned
  • $26,444Goodwill and other intangibles
  • $26,833Life insurance assets
  • $100All other assets
  • $0Total liabilities and capital
  • $1,055,516Total liabilities
  • $971,476Total deposits
  • $873,452Interest-bearing deposits
  • $655,981Deposits held in domestic offices
  • 873452.00%% insured (estimated)
  • $68Federal funds purchased & repurchase agreements
  • $75,712Trading liabilities
  • $0Other borrowed funds
  • $9,760Subordinated debt
  • $0All other liabilities
  • $12,552Total equity capital
  • $12,552Total bank equity capital
  • $84,040Perpetual preferred stock
  • $0Common stock
  • $11,771Surplus
  • $49,064Undivided profits
  • Memoranda
  • $23,205Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $61,778Income earned, not collected on loans
  • $3,496Earning assets
  • $919,304Long-term assets (5+ years)
  • $79,931Average Assets, year-to-date
  • $1,184,285Average Assets, quarterly
  • $1,102,376Volatile liabilities
  • $266,516Insider loans
  • $466FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $244,799Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $83,940Total risk weighted assets
  • $855,409Total unused commitments
  • $0Restructured Loans and leases
  • $150,000Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $82,792Total interest expense
  • $34,959Net interest income
  • $47,833Provision for loan and lease losses
  • $11,047Total noninterest income
  • $10,321Fiduciary activities
  • $4Service charges on deposit accounts
  • $7,362Trading account gains & fees
  • $0Additional noninterest income
  • $2,955Total noninterest expense
  • $57,697Salaries and employee benefits
  • $7,435Premises and equipment expense
  • $8,051Additional noninterest expense
  • $42,211Pre-tax net operating income
  • -$10,590Securities gains (losses)
  • $8,937Applicable income taxes
  • $19Income before extraordinary items
  • -$1,672Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,672Net charge-offs
  • $15,446Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.97%Cost of funding earning assets
  • 3.36%Net interest margin
  • 4.60%Noninterest income to earning assets
  • 0.99%Noninterest expense to earning assets
  • 5.55%Net operating income to assets
  • -0.90%Return on assets (ROA)
  • -0.14%Pretax return on assets
  • -0.14%Return on equity (ROE)
  • -2.02%Retained earnings to average equity (YTD only)
  • -2.02%Net charge-offs to loans
  • 1.82%Credit loss provision to net charge-offs
  • 71.52%Efficiency ratio
  • 99,183Assets per employee
  • 3.34%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.93%Loss allowance to noncurrent loans
  • 59.89%Noncurrent assets plus other real estate owned to assets
  • 8.36%Noncurrent loans to loans
  • 8.24%Net loans and leases to deposits
  • 81.65%Net loans and leases to core deposits
  • 103.00%Equity capital to assets
  • 7.96%Core capital (leverage) ratio
  • 7.89%Tier 1 risk-based capital ratio
  • 9.81%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,184,285Average earning assets
  • $82,957Average equity
  • $1,038,995Average loans

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