Fredericktown Bank & Trust Company in Frederick, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 24, 2003

  • Fredericktown Bank & Trust Company in Frederick, Maryland (MD)
  • Show street view No street view available for this location

Fredericktown Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 5878
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Farmers & Mechanics Bank (#4842)
    Federal Reserve ID: 709125
    Date Established: March 07, 1828
    WWW: http://www.frederictownbankmd.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    FDIC's unique #: 4014
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 24, 2003
    Last Structure Change Process Date: December 02, 2003
    Last Data Update: December 02, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 30 North Market 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)
  • Financial Summary
  • Total assets: $321.7 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, 2002)

  • Dollar figures in thousands
  • 77Total employees (full-time equivalent)
  • $267,882Total assets
  • $5,504Cash and due from depository institutions
  • $0Interest-bearing balances
  • $66,459Securities
  • $2,815Federal funds sold & reverse repurchase agreements
  • $186,665Net loans & leases
  • $3,753Loan loss allowance
  • $0Trading account assets
  • $3,049Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,390All other assets
  • $267,882Total liabilities and capital
  • $233,192Total liabilities
  • $224,595Total deposits
  • $171,714Interest-bearing deposits
  • $224,595Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,485Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,112All other liabilities
  • $34,690Total equity capital
  • $34,690Total bank equity capital
  • $34,690Perpetual preferred stock
  • $0Common stock
  • $1,986Surplus
  • $5,014Undivided profits
  • Memoranda
  • $27,690Noncurrent loans and leases
  • $53,902Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $233Earning assets
  • $0Long-term assets (5+ years)
  • $1,543Average Assets, year-to-date
  • $255,939Average Assets, quarterly
  • $61,773Volatile liabilities
  • $259,112Insider loans
  • $265,931FHLB advances
  • $22,005Loans and leases held for sale
  • $12,703Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $53,902Total unused commitments
  • $0Restructured Loans and leases
  • $2,485Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $15,772Total interest income
  • $3,853Total interest expense
  • $11,919Net interest income
  • $62Provision for loan and lease losses
  • $1,838Total noninterest income
  • $0Fiduciary activities
  • $1,040Service charges on deposit accounts
  • $0Trading account gains & fees
  • $798Additional noninterest income
  • $6,805Total noninterest expense
  • $4,004Salaries and employee benefits
  • $792Premises and equipment expense
  • $2,009Additional noninterest expense
  • $6,890Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,277Applicable income taxes
  • $4,613Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,613Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$8Sale, conversion, retirement of capital stock, net
  • $3,237Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.40%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 4.84%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 1.78%Net operating income to assets
  • 1.78%Return on assets (ROA)
  • 2.66%Pretax return on assets
  • 13.77%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -775.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 49,466Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.17%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 1610.73%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 83.11%Net loans and leases to core deposits
  • 88.86%Equity capital to assets
  • 12.95%Core capital (leverage) ratio
  • 12.40%Tier 1 risk-based capital ratio
  • 16.73%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $259,112Average earning assets
  • $33,499Average equity
  • $246,322Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Fredericktown Bank & Trust Company.
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.
Table of Contents