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)
  • Show street view No street view available for this location

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

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


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First American Bank of Maryland.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents