GrandBank in Rockville, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 18, 2001

  • GrandBank in Rockville, Maryland (MD)
  • Show street view No street view available for this location

GrandBank - Overview

  • General
  • FDIC Certificate #: 22988
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Century National Bank (#23812)
    Federal Reserve ID: 501123
    Date Established: November 21, 1979
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Interstate: No)
    OTS Docket #: 13486
    FDIC's unique #: 16089
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 21, 1979
    Last Structure Change Effective Date: May 18, 2001
    Last Structure Change Process Date: May 31, 2001
    Last Data Update: May 31, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 1800 Rockville Pike, Rockville, MD 20852
    County: Montgomery
    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: $120.0 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 45Total employees (full-time equivalent)
  • $117,402Total assets
  • $3,121Cash and due from depository institutions
  • $0Interest-bearing balances
  • $43,162Securities
  • $1,578Federal funds sold & reverse repurchase agreements
  • $62,706Net loans & leases
  • $965Loan loss allowance
  • $0Trading account assets
  • $2,638Bank premises and fixed assets
  • $0Other real estate owned
  • $711Goodwill and other intangibles
  • $0Life insurance assets
  • $3,486All other assets
  • $117,402Total liabilities and capital
  • $108,843Total liabilities
  • $104,640Total deposits
  • $91,722Interest-bearing deposits
  • $104,640Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,571Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $632All other liabilities
  • $8,559Total equity capital
  • $8,559Total bank equity capital
  • $8,559Perpetual preferred stock
  • $0Common stock
  • $1,072Surplus
  • $10,717Undivided profits
  • Memoranda
  • $-3,230Noncurrent loans and leases
  • $13,541Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $97Earning assets
  • $0Long-term assets (5+ years)
  • $379Average Assets, year-to-date
  • $107,446Average Assets, quarterly
  • $44,134Volatile liabilities
  • $115,581Insider loans
  • $115,733FHLB advances
  • $19,136Loans and leases held for sale
  • $1,281Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,541Total unused commitments
  • $0Restructured Loans and leases
  • $979Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $8,875Total interest income
  • $4,622Total interest expense
  • $4,253Net interest income
  • $435Provision for loan and lease losses
  • $762Total noninterest income
  • $0Fiduciary activities
  • $574Service charges on deposit accounts
  • $0Trading account gains & fees
  • $188Additional noninterest income
  • $4,813Total noninterest expense
  • $2,159Salaries and employee benefits
  • $1,000Premises and equipment expense
  • $1,654Additional noninterest expense
  • -$233Pre-tax net operating income
  • $0Securities gains (losses)
  • -$27Applicable income taxes
  • -$206Income before extraordinary items
  • $0Extraordinary gains - net
  • -$206Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $160Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.46%Yield on earning assets
  • 4.41%Cost of funding earning assets
  • 4.06%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 4.59%Noninterest expense to earning assets
  • -0.18%Net operating income to assets
  • -0.18%Return on assets (ROA)
  • -0.20%Pretax return on assets
  • -2.59%Return on equity (ROE)
  • -2.59%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 271.88%Credit loss provision to net charge-offs
  • 1.26%Efficiency ratio
  • 93,121Assets per employee
  • 2.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.52%Loss allowance to noncurrent loans
  • 994.85%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.15%Net loans and leases to deposits
  • 59.93%Net loans and leases to core deposits
  • 70.40%Equity capital to assets
  • 7.29%Core capital (leverage) ratio
  • 6.56%Tier 1 risk-based capital ratio
  • 9.81%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $115,581Average earning assets
  • $7,946Average equity
  • $104,863Average 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 GrandBank.
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