Frederick County Bank in Frederick, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Frederick County Bank in Frederick, Maryland (MD)
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Frederick County Bank - Overview

  • General
  • FDIC Certificate #: 57255
    Status: Active
    Federal Reserve ID: 3058329
    Bank Holding Company (Regulatory Top Holder): Frederick County Bancorp, Inc. (RSSDID: 3195448, Location: Frederick, MD)
    Date Established: October 18, 2001
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 360164
    Numeric code: 13
    Regulator: FED
    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: October 18, 2001
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 West Patrick Street, Frederick, MD 21701
    County: Frederick
    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): 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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $289.3 mil
    Equity capital: $30.7 mil
    Deposits held in domestic offices: $247.5 mil
    Return on assets (ROA): 0.48% ($1.4 mil)
    Quarterly return on assets: 0.58% ($1.7 mil)
    Return on Equity (ROE): 4.80% ($1.5 mil)
    Quarterly return on equity: 5.48% ($1.7 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.66% ($1,909.6 mil)
    Quarterly Pretax return on assets: 0.82% ($2,372.5 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
  • 68Total employees (full-time equivalent)
  • $289,328Total assets
  • $26,100Cash and due from depository institutions
  • $24,062Interest-bearing balances
  • $36,123Securities
  • $1,105Federal funds sold & reverse repurchase agreements
  • $209,099Net loans & leases
  • $3,216Loan loss allowance
  • $0Trading account assets
  • $6,455Bank premises and fixed assets
  • $1,191Other real estate owned
  • $0Goodwill and other intangibles
  • $289,328Life insurance assets
  • $9,255All other assets
  • $258,628Total liabilities and capital
  • $247,462Total liabilities
  • $203,643Total deposits
  • $247,462Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $1,166Subordinated debt
  • $30,700All other liabilities
  • $30,700Total equity capital
  • $30,700Total bank equity capital
  • $0Perpetual preferred stock
  • $7,276Common stock
  • $12,048Surplus
  • $11,376Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,024Income earned, not collected on loans
  • $0Earning assets
  • $858Long-term assets (5+ years)
  • $270,389Average Assets, year-to-date
  • $39,071Average Assets, quarterly
  • $292,193Volatile liabilities
  • $288,891Insider loans
  • $238,532FHLB advances
  • $288,971Loans and leases held for sale
  • $4,601Unused loan commitments
  • $4,601Tier 1 (core) risk-based capital
  • $29,897Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $34,209Restructured Loans and leases
  • $5,184Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,600Total interest income
  • $2,555Total interest expense
  • $11,045Net interest income
  • $1,740Provision for loan and lease losses
  • $590Total noninterest income
  • $0Fiduciary activities
  • $305Service charges on deposit accounts
  • $0Trading account gains & fees
  • $285Additional noninterest income
  • $8,347Total noninterest expense
  • $4,949Salaries and employee benefits
  • $1,268Premises and equipment expense
  • $2,130Additional noninterest expense
  • $1,548Pre-tax net operating income
  • $386Securities gains (losses)
  • $518Applicable income taxes
  • $1,416Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,416Net income attributable to bank
  • $0Net charge-offs
  • $1,416Cash dividends
  • $2,242Sale, conversion, retirement of capital stock, net
  • $150Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.92%Yield on earning assets
  • 0.92%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.66%Pretax return on assets
  • 4.80%Return on equity (ROE)
  • 4.29%Retained earnings to average equity (YTD only)
  • 1.06%Net charge-offs to loans
  • 77.61%Credit loss provision to net charge-offs
  • 1.47%Efficiency ratio
  • 71,740Assets per employee
  • 4.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.59%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 158.89%Noncurrent assets plus other real estate owned to assets
  • 1.11%Noncurrent loans to loans
  • 0.95%Net loans and leases to deposits
  • 84.50%Net loans and leases to core deposits
  • 91.68%Equity capital to assets
  • 10.61%Core capital (leverage) ratio
  • 10.35%Tier 1 risk-based capital ratio
  • 12.53%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $292,193Average earning assets
  • $29,530Average equity
  • $276,386Average loans

List of branches

  • 4 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0360164Frederick County Bank30 West Patrick Street, Frederick, MD 21701October 18, 2001Full Service Brick and Mortar
    1363567Antietam Branch198 Thomas Johnson Drive, Frederick, MD 21702October 18, 2001Full Service Brick and Mortar
    2465922Crestwood Branch6910 Crestwood Blvd, Frederick, MD 21703September 28, 2006Full Service Brick and Mortar
    3465923Walkersville Branch200 Commerce Drive, Walkersville, MD 21793September 22, 2006Full Service Brick and Mortar

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