First American Bank of Maryland in city_name, state_name - Detailed Financial Reports, Location

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

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

First American Bank of Maryland - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

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

First American Bank of Maryland - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

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

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