First Federal Savings Bank of Western Maryland in Cumberland, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 29, 1997

  • First Federal Savings Bank of Western Maryland in Cumberland, Maryland (MD)
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First Federal Savings Bank of Western Maryland - Overview

  • General
  • FDIC Certificate #: 27796
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: American Trust Bank, National Association (#6770)
    Federal Reserve ID: 632175
    Date Established: January 01, 1928
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 294
    FDIC's unique #: 40630
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 28, 1935
    Last Structure Change Effective Date: May 29, 1997
    Last Structure Change Process Date: June 09, 1997
    Last Data Update: June 09, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 118 Baltimore Street, Cumberland, MD 21502
    County: Allegany
    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): Cumberland, MD-WV (#1900)
    Core Based Statistical Area (CBSA): Cumberland, MD-WV (#19060)
    CBSA Metro Statistical Area: Cumberland, MD-WV (#19060)
  • Financial Summary
  • Total assets: $363.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $130Total assets
  • $361,141Cash and due from depository institutions
  • $8,433Interest-bearing balances
  • $5,466Securities
  • $44,248Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $290,681Loan loss allowance
  • $7,846Trading account assets
  • $0Bank premises and fixed assets
  • $10,501Other real estate owned
  • $593Goodwill and other intangibles
  • $6,427Life insurance assets
  • $258All other assets
  • $0Total liabilities and capital
  • $361,141Total liabilities
  • $321,679Total deposits
  • $279,889Interest-bearing deposits
  • $271,770Deposits held in domestic offices
  • 279889.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $36,983Subordinated debt
  • $0All other liabilities
  • $4,807Total equity capital
  • $4,807Total bank equity capital
  • $39,462Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $10,040Undivided profits
  • Memoranda
  • $28,422Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,265Income earned, not collected on loans
  • $1,942Earning assets
  • $340,395Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $338,666Average Assets, quarterly
  • $353,731Volatile liabilities
  • $73,088Insider loans
  • $647FHLB advances
  • $36,500Loans and leases held for sale
  • $0Unused loan commitments
  • $4,460Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $39,462Total risk weighted assets
  • $221,336Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $27,613Total interest expense
  • $12,333Net interest income
  • $15,280Provision for loan and lease losses
  • $375Total noninterest income
  • $1,744Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,744Total noninterest expense
  • $11,602Salaries and employee benefits
  • $4,249Premises and equipment expense
  • $2,328Additional noninterest expense
  • $5,025Pre-tax net operating income
  • $5,047Securities gains (losses)
  • $259Applicable income taxes
  • $2,078Income before extraordinary items
  • $3,228Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,228Net charge-offs
  • $1,437Cash dividends
  • $1,500Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.69%Cost of funding earning assets
  • 3.88%Net interest margin
  • 4.81%Noninterest income to earning assets
  • 0.55%Noninterest expense to earning assets
  • 3.65%Net operating income to assets
  • 0.90%Return on assets (ROA)
  • 0.95%Pretax return on assets
  • 1.57%Return on equity (ROE)
  • 8.33%Retained earnings to average equity (YTD only)
  • 4.46%Net charge-offs to loans
  • 0.55%Credit loss provision to net charge-offs
  • 26.10%Efficiency ratio
  • 68,151Assets per employee
  • 2.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.47%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 326.89%Noncurrent assets plus other real estate owned to assets
  • 0.79%Noncurrent loans to loans
  • 0.76%Net loans and leases to deposits
  • 103.86%Net loans and leases to core deposits
  • 119.24%Equity capital to assets
  • 10.93%Core capital (leverage) ratio
  • 10.93%Tier 1 risk-based capital ratio
  • 17.83%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $338,666Average earning assets
  • $38,759Average equity
  • $317,613Average loans

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