First United Bank & Trust in Oakland, Maryland (MD), WV
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| First United Bank & Trust | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 349 |
| Total assets | $1,383,068 |
| Cash and due from depository institutions | $58,383 |
| Interest-bearing balances | $38,318 |
| Securities | $245,023 |
| Federal funds sold & reverse repurchase agreements | $5,374 |
| Net loans & leases | $919,214 |
| Loan loss allowance | $19,480 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $30,818 |
| Other real estate owned | $16,675 |
| Goodwill and other intangibles | $12,063 |
| All other assets | $95,518 |
| Life insurance assets | $1,383,068 |
| Total liabilities and capital | $1,241,417 |
| Total liabilities | $1,034,012 |
| Total deposits | $884,124 |
| Interest-bearing deposits | $1,034,012 |
| Deposits held in domestic offices | $67 |
| % insured (estimated) | 36868.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $160,314 |
| Other borrowed funds | $0 |
| Subordinated debt | $10,223 |
| All other liabilities | $141,651 |
| Total equity capital | $141,651 |
| Total bank equity capital | $141,651 |
| Perpetual preferred stock | $0 |
| Common stock | $3,692 |
| Surplus | $90,474 |
| Undivided profits | $47,485 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $1,154 |
| Income earned, not collected on loans | $39,968 |
| Earning assets | $1,116 |
| Long-term assets (5+ years) | $3,580 |
| Average Assets, year-to-date | $1,207,929 |
| Average Assets, quarterly | $447,923 |
| Volatile liabilities | $1,492,296 |
| Insider loans | $1,404,608 |
| FHLB advances | $1,162,936 |
| Loans and leases held for sale | $1,444,556 |
| Unused loan commitments | $31,435 |
| Tier 1 (core) risk-based capital | $31,435 |
| Tier 2 risk-based capital | $140,817 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $86,046 |
| Derivatives | $11,741 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $59,496 |
| Total interest expense | $18,583 |
| Net interest income | $40,913 |
| Provision for loan and lease losses | $9,157 |
| Total noninterest income | $12,310 |
| Fiduciary activities | $4,413 |
| Service charges on deposit accounts | $3,019 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $4,878 |
| Total noninterest expense | $39,095 |
| Salaries and employee benefits | $18,459 |
| Premises and equipment expense | $5,672 |
| Additional noninterest expense | $14,964 |
| Pre-tax net operating income | $4,971 |
| Securities gains (losses) | $856 |
| Applicable income taxes | -$635 |
| Income before extraordinary items | $6,462 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $6,462 |
| Net charge-offs | $0 |
| Cash dividends | $6,462 |
| Sale, conversion, retirement of capital stock, net | $11,815 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.55% |
| Cost of funding earning assets | 1.42% |
| Net interest margin | 3.13% |
| Noninterest income to earning assets | 0.94% |
| Noninterest expense to earning assets | 2.99% |
| Net operating income to assets | 0.38% |
| Return on assets (ROA) | 0.43% |
| Pretax return on assets | 0.39% |
| Return on equity (ROE) | 4.61% |
| Retained earnings to average equity (YTD only) | 4.61% |
| Net charge-offs to loans | 1.23% |
| Credit loss provision to net charge-offs | 77.50% |
| Efficiency ratio | 1.20% |
| Assets per employee | $73,455 |
| Cash dividends to net income (YTD only) | 3.96% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.08% |
| Noncurrent assets plus other real estate owned to assets | 48.74% |
| Noncurrent loans to loans | 4.42% |
| Net loans and leases to deposits | 4.26% |
| Net loans and leases to core deposits | 88.90% |
| Equity capital to assets | 100.28% |
| Core capital (leverage) ratio | 10.24% |
| Tier 1 risk-based capital ratio | 9.75% |
| Total risk-based capital ratio | 12.11% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $1,492,296 |
| Average equity | $140,044 |
| Average loans | $1,306,419 |
| Total Fiduciary and Related Assets (December 31, 2011) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $565,008 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $497,983 |
| Employee benefit-defined contribution accounts | $168,273 |
| Employee benefit-defined benefit accounts | $39,831 |
| Other retirement accounts | $64,947 |
| Corporate trust and agency accounts | $73,844 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $139,778 |
| Fiduciary accounts held in foreign offices | $11,310 |
| Non-managed Assets | $0 |
| Number of Accounts | 1762 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $0 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $67,025 |
| Corporate trust and agency accounts | $53,830 |
| Other fiduciary accounts | $7,866 |
| Fiduciary accounts held in foreign offices | $38 |
| 17 Maryland Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 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 | Map |
|---|---|---|---|---|---|---|
| 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 | |
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Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.