First Union National Bank of Maryland in city_name, state_name

First Union National Bank of Maryland in Rockville, Maryland (MD)
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First Union National Bank of Maryland - Overview

General
FDIC Certificate #: 18024
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Union National Bank (#4885)
Federal Reserve ID: 898421
Date Established: June 12, 1959
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 57 (Interstate: No)
FDIC's unique #: 11953
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: June 12, 1959
Last Structure Change Effective Date: July 31, 1997
Last Structure Change Process Date: August 13, 1997
Last Data Update: August 13, 1997
Data Source Date: April 05, 2012
Location
Address: 110 Congressional Lane, Rockville, MD 20852
County: Montgomery
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Atlanta
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: $3,754.9 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)
$538Total assets
$4,053,675Cash and due from depository institutions
$1,003,610Interest-bearing balances
$895,280Securities
$418,170Federal funds sold & reverse repurchase agreements
$112,957Net loans & leases
$2,058,774Loan loss allowance
$33,427Trading account assets
$0Bank premises and fixed assets
$33,757Other real estate owned
$7,546Goodwill and other intangibles
$59,072Life insurance assets
$359,789All other assets
$0Total liabilities and capital
$4,053,675Total liabilities
$3,472,647Total deposits
$3,091,111Interest-bearing deposits
$2,721,665Deposits held in domestic offices
3091111.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$325,711Trading liabilities
$0Other borrowed funds
$10,499Subordinated debt
$0All other liabilities
$45,326Total equity capital
$45,326Total bank equity capital
$581,028Perpetual preferred stock
$0Common stock
$200Surplus
$582,242Undivided profits
Memoranda
$-1,414Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$32,431Income earned, not collected on loans
$11,572Earning assets
$3,485,181Long-term assets (5+ years)
$609,664Average Assets, year-to-date
$2,842,139Average Assets, quarterly
$4,060,615Volatile liabilities
$487,231Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$638,080Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$226,676Total risk weighted assets
$2,153,214Total unused commitments
$0Restructured Loans and leases
$22,667Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$192,004Total interest expense
$101,635Net interest income
$90,369Provision for loan and lease losses
-$7,000Total noninterest income
$21,516Fiduciary activities
$797Service charges on deposit accounts
$11,492Trading account gains & fees
$0Additional noninterest income
$9,227Total noninterest expense
$84,489Salaries and employee benefits
$12,308Premises and equipment expense
$8,937Additional noninterest expense
$63,244Pre-tax net operating income
$34,396Securities gains (losses)
$1,431Applicable income taxes
$19,116Income before extraordinary items
$16,711Extraordinary gains - net
$0Net income attributable to bank
$16,711Net charge-offs
$3,339Cash dividends
$24,000Sale, 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
7.62%Cost of funding earning assets
4.03%Net interest margin
3.59%Noninterest income to earning assets
0.85%Noninterest expense to earning assets
3.35%Net operating income to assets
0.56%Return on assets (ROA)
0.59%Pretax return on assets
1.26%Return on equity (ROE)
4.82%Retained earnings to average equity (YTD only)
-2.10%Net charge-offs to loans
0.22%Credit loss provision to net charge-offs
-209.64%Efficiency ratio
58,500Assets per employee
7.53%Cash dividends to net income (YTD only)
Condition Ratios (%)
143.62%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
103.07%Noncurrent assets plus other real estate owned to assets
0.99%Noncurrent loans to loans
1.55%Net loans and leases to deposits
66.60%Net loans and leases to core deposits
70.28%Equity capital to assets
14.33%Core capital (leverage) ratio
6.16%Tier 1 risk-based capital ratio
10.53%Total risk-based capital ratio
Memoranda
$12Average assets
$2,842,139Average earning assets
$346,622Average equity
$2,519,953Average loans

First Union National Bank of Maryland in Rockville, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Maryland - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Maryland in Rockville, Maryland (MD)Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Maryland - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Maryland in Rockville, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches