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

  • First United Bank & Trust in Oakland, Maryland (MD), WV
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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
    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
  • 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
  • NoIDNameAddressEstablishedService TypeMap
    03235First United Bank & Trust19 South Second Street, Oakland, MD 21550January 01, 1900Full Service Brick and Mortar
    1204649Friendsville BranchMaple Street And First Avenue, Friendsville, MD 21531April 04, 1960Full Service Brick and Mortar
    2204650Grantsville BranchU.S. Route 40, Main Street, Grantsville, MD 21536July 20, 1964Full Service Brick and Mortar
    3204651Lake Branch38 Vacation Way, Mc Henry, MD 21541May 18, 1963Full Service Brick and Mortar
    7204653Mid-Towns Plaza BranchMid-Towns Shopping Center, Crellin, MD 21550December 16, 1976Full Service Brick and Mortar
    10220882White Oaks Branch1501 Oldtown Road, Cumberland, MD 21502January 24, 1966Full Service Brick and Mortar
    11220883Center City BranchCentre And Harrison Streets, Cumberland, MD 21502November 01, 1973Full Service Brick and Mortar
    13204655Bel Air Branch14300 Barton Boulevard S. W., Cumberland, MD 21502January 28, 1985Full Service Brick and Mortar
    14204656Frostburg BranchRoute 36, Frostburg, MD 21532April 17, 1987Full Service Brick and Mortar
    238609Myersville Branch207-209 Main Street, Myersville, MD 21773January 01, 1898Full Service Brick and Mortar
    24230165Smithsburg Branch100 South Main Street, Smithsburg, MD 21783December 19, 1988Full Service Brick and Mortar
    26230167Riverside Branch1990 Mononcacy Boulevard, Frederick, MD 21701October 17, 1994Full Service Brick and Mortar
    29204661Ballenger Creek Branch5868 Ballenger Creek Plaza Shopping Center, Frederick, MD 21703June 01, 1998Full Service Brick and Mortar
    30418464Lot 8, Hagerstown Commons BranchLot 8, Hagerstown Commons, Edgewood Drive, Hagerstown, MD 21740January 21, 2003Full Service Brick and Mortar
    38466406Wesel Blvd. Branch1646 Wesel Blvd., Hagerstown, MD 21740April 01, 2007Full Service Brick and Mortar
    3948562812894 Garrett Highway12894 Garrett Highway, Oakland, MD 21550September 07, 2007Limited Service Facility
    40490162Frederick Branch102 Baughman's Lane, Frederick, MD 21702April 22, 2009Full Service Brick and Mortar
  • 11 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    19212191Keyser Mall Branch29 West Southern Drive, Keyser, WV 26726December 12, 1990Full Service Brick and Mortar
    21212193Moorefield BranchSouth Branch Square Route 220, Moorefield, WV 26836May 03, 1993Full Service Brick and Mortar
    22212194Tri Towns Branch51 Ashfield Street, Piedmont, WV 26750August 28, 1995Full Service Brick and Mortar
    31528Martinsburg Branch100 South Queen Street, Martinsburg, WV 25401May 25, 1873Limited Service Facility
    3214986South Berkeley BranchU.S. Route 11 And State Route 51, Inwood, WV 25428June 28, 1974Full Service Brick and Mortar
    33186142Potomac BranchU.S. 11 And Grade Road, Falling Waters, WV 25419June 17, 1987Full Service Brick and Mortar
    34364757South Foxcroft Branch980 Foxcroft Avenue, Martinsburg, WV 25401July 01, 2001Full Service Brick and Mortar
    35431479Edwin Miller Blvd Branch1286 Edwin Miller Blvd, Martinsburg, WV 25404April 15, 2004Full Service Brick and Mortar
    36438895Sabraton Office BranchRoute 7 East, Tin Mill Crossroads, Morgantown, WV 26505December 06, 2004Full Service Brick and Mortar
    37453413Star City Branch7 Chaplin Road, Morgantown, WV 26501October 01, 2005Full Service Brick and Mortar
    41493280Suncrest Centre Branch651 Suncrest Towne Centre, Morgantown, WV 26505June 26, 2009Full Service Brick and Mortar

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