First United Bank & Trust in city_name, state_name - Detailed Financial Reports, Location

First United Bank & Trust in Oakland, Maryland (MD), WV
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First United Bank & Trust routing number info

First United Bank & Trust - Overview

General
FDIC Certificate #: 4857
Status: Active
Federal Reserve ID: 61122
Bank Holding Company (Regulatory Top Holder): First United Corporation (RSSDID: 1132672, Location: Oakland, MD)
Date Established: January 01, 1900
WWW: http://www.mybank4.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 28 (Domestic: 28, Interstate: Yes)
OTS Docket #: 10579
FDIC's unique #: 3235
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: September 21, 2010
Last Data Update: September 21, 2010
Data Source Date: April 05, 2012
Location
Address: 19 South Second Street, Oakland, MD 21550
County: Garrett
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
History of Changes
Merge BIF and SAIF Funds into DIF
Corrections
Financial Summary
Total assets: $1,383.1 mil
Equity capital: $141.7 mil
Deposits held in domestic offices: $1,034.0 mil
Return on assets (ROA): 0.43% ($5.9 mil)
Quarterly return on assets: 0.48% ($6.6 mil)
Return on Equity (ROE): 4.61% ($6.5 mil)
Quarterly return on equity: 4.74% ($6.7 mil)
Net income: $6.5 mil
Quarterly Net income: $1.7 mil
Pretax return on assets: 0.39% ($5,394.0 mil)
Quarterly Pretax return on assets: 0.40% ($5,532.3 mil)

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

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

Dollar figures in thousands
349Total employees (full-time equivalent)
$1,383,068Total assets
$58,383Cash and due from depository institutions
$38,318Interest-bearing balances
$245,023Securities
$5,374Federal funds sold & reverse repurchase agreements
$919,214Net loans & leases
$19,480Loan loss allowance
$0Trading account assets
$30,818Bank premises and fixed assets
$16,675Other real estate owned
$12,063Goodwill and other intangibles
$1,383,068Life insurance assets
$95,518All other assets
$1,241,417Total liabilities and capital
$1,034,012Total liabilities
$884,124Total deposits
$1,034,012Interest-bearing deposits
$67Deposits held in domestic offices
36868.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$160,314Trading liabilities
$0Other borrowed funds
$10,223Subordinated debt
$141,651All other liabilities
$141,651Total equity capital
$141,651Total bank equity capital
$0Perpetual preferred stock
$3,692Common stock
$90,474Surplus
$47,485Undivided profits
Memoranda
$0Noncurrent loans and leases
$1,154Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$39,968Income earned, not collected on loans
$1,116Earning assets
$3,580Long-term assets (5+ years)
$1,207,929Average Assets, year-to-date
$447,923Average Assets, quarterly
$1,492,296Volatile liabilities
$1,404,608Insider loans
$1,162,936FHLB advances
$1,444,556Loans and leases held for sale
$31,435Unused loan commitments
$31,435Tier 1 (core) risk-based capital
$140,817Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$86,046Restructured Loans and leases
$11,741Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$59,496Total interest income
$18,583Total interest expense
$40,913Net interest income
$9,157Provision for loan and lease losses
$12,310Total noninterest income
$4,413Fiduciary activities
$3,019Service charges on deposit accounts
$0Trading account gains & fees
$4,878Additional noninterest income
$39,095Total noninterest expense
$18,459Salaries and employee benefits
$5,672Premises and equipment expense
$14,964Additional noninterest expense
$4,971Pre-tax net operating income
$856Securities gains (losses)
-$635Applicable income taxes
$6,462Income before extraordinary items
$0Extraordinary gains - net
$6,462Net income attributable to bank
$0Net charge-offs
$6,462Cash dividends
$11,815Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.55%Yield on earning assets
1.42%Cost of funding earning assets
3.13%Net interest margin
0.94%Noninterest income to earning assets
2.99%Noninterest expense to earning assets
0.38%Net operating income to assets
0.43%Return on assets (ROA)
0.39%Pretax return on assets
4.61%Return on equity (ROE)
4.61%Retained earnings to average equity (YTD only)
1.23%Net charge-offs to loans
77.50%Credit loss provision to net charge-offs
1.20%Efficiency ratio
73,455Assets per employee
3.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.08%Loss allowance to noncurrent loans
48.74%Noncurrent assets plus other real estate owned to assets
4.42%Noncurrent loans to loans
4.26%Net loans and leases to deposits
88.90%Net loans and leases to core deposits
100.28%Equity capital to assets
10.24%Core capital (leverage) ratio
9.75%Tier 1 risk-based capital ratio
12.11%Total risk-based capital ratio
Memoranda
$13Average assets
$1,492,296Average earning assets
$140,044Average equity
$1,306,419Average loans

Total Fiduciary and Related Assets (December 31, 2011)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$565,008Managed Assets
1Number of Accounts
$497,983Personal trust and agency accounts
$168,273Employee benefit-defined contribution accounts
$39,831Employee benefit-defined benefit accounts
$64,947Other retirement accounts
$73,844Corporate trust and agency accounts
$0Investment management agency accounts
$139,778Other fiduciary accounts
$11,310Fiduciary accounts held in foreign offices
$0Non-managed Assets
1762Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$67,025Other retirement accounts
$53,830Corporate trust and agency accounts
$7,866Other fiduciary accounts
$38Fiduciary accounts held in foreign offices

List of branches

17 Maryland Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	3235	First United Bank & Trust	19 South Second Street, Oakland, MD 21550	January 01, 1900	Full Service Brick and Mortar
1	204649	Friendsville Branch	Maple Street And First Avenue, Friendsville, MD 21531	April 04, 1960	Full Service Brick and Mortar
2	204650	Grantsville Branch	U.S. Route 40, Main Street, Grantsville, MD 21536	July 20, 1964	Full Service Brick and Mortar
3	204651	Lake Branch	38 Vacation Way, Mc Henry, MD 21541	May 18, 1963	Full Service Brick and Mortar
7	204653	Mid-Towns Plaza Branch	Mid-Towns Shopping Center, Crellin, MD 21550	December 16, 1976	Full Service Brick and Mortar
10	220882	White Oaks Branch	1501 Oldtown Road, Cumberland, MD 21502	January 24, 1966	Full Service Brick and Mortar
11	220883	Center City Branch	Centre And Harrison Streets, Cumberland, MD 21502	November 01, 1973	Full Service Brick and Mortar
13	204655	Bel Air Branch	14300 Barton Boulevard S. W., Cumberland, MD 21502	January 28, 1985	Full Service Brick and Mortar
14	204656	Frostburg Branch	Route 36, Frostburg, MD 21532	April 17, 1987	Full Service Brick and Mortar
23	8609	Myersville Branch	207-209 Main Street, Myersville, MD 21773	January 01, 1898	Full Service Brick and Mortar
24	230165	Smithsburg Branch	100 South Main Street, Smithsburg, MD 21783	December 19, 1988	Full Service Brick and Mortar
26	230167	Riverside Branch	1990 Mononcacy Boulevard, Frederick, MD 21701	October 17, 1994	Full Service Brick and Mortar
29	204661	Ballenger Creek Branch	5868 Ballenger Creek Plaza Shopping Center, Frederick, MD 21703	June 01, 1998	Full Service Brick and Mortar
30	418464	Lot 8, Hagerstown Commons Branch	Lot 8, Hagerstown Commons, Edgewood Drive, Hagerstown, MD 21740	January 21, 2003	Full Service Brick and Mortar
38	466406	Wesel Blvd. Branch	1646 Wesel Blvd., Hagerstown, MD 21740	April 01, 2007	Full Service Brick and Mortar
39	485628	12894 Garrett Highway	12894 Garrett Highway, Oakland, MD 21550	September 07, 2007	Limited Service Facility
40	490162	Frederick Branch	102 Baughman's Lane, Frederick, MD 21702	April 22, 2009	Full Service Brick and Mortar

11 West Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
19	212191	Keyser Mall Branch	29 West Southern Drive, Keyser, WV 26726	December 12, 1990	Full Service Brick and Mortar
21	212193	Moorefield Branch	South Branch Square Route 220, Moorefield, WV 26836	May 03, 1993	Full Service Brick and Mortar
22	212194	Tri Towns Branch	51 Ashfield Street, Piedmont, WV 26750	August 28, 1995	Full Service Brick and Mortar
31	528	Martinsburg Branch	100 South Queen Street, Martinsburg, WV 25401	May 25, 1873	Limited Service Facility
32	14986	South Berkeley Branch	U.S. Route 11 And State Route 51, Inwood, WV 25428	June 28, 1974	Full Service Brick and Mortar
33	186142	Potomac Branch	U.S. 11 And Grade Road, Falling Waters, WV 25419	June 17, 1987	Full Service Brick and Mortar
34	364757	South Foxcroft Branch	980 Foxcroft Avenue, Martinsburg, WV 25401	July 01, 2001	Full Service Brick and Mortar
35	431479	Edwin Miller Blvd Branch	1286 Edwin Miller Blvd, Martinsburg, WV 25404	April 15, 2004	Full Service Brick and Mortar
36	438895	Sabraton Office Branch	Route 7 East, Tin Mill Crossroads, Morgantown, WV 26505	December 06, 2004	Full Service Brick and Mortar
37	453413	Star City Branch	7 Chaplin Road, Morgantown, WV 26501	October 01, 2005	Full Service Brick and Mortar
41	493280	Suncrest Centre Branch	651 Suncrest Towne Centre, Morgantown, WV 26505	June 26, 2009	Full Service Brick and Mortar

First United Bank & Trust in Oakland, Maryland (MD), WV
Overview, Financial Summary, Detailed Financial Reports, Branches

First United Bank & Trust - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First United Bank & Trust in Oakland, Maryland (MD), WVOverview, Financial Summary, Detailed Financial Reports, Branches

First United Bank & Trust - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

Total Fiduciary and Related Assets (December 31, 2011)

List of branches

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

First United Bank & Trust in Oakland, Maryland (MD), WV
Overview, Financial Summary, Detailed Financial Reports, Branches