Hagerstown Trust Company in Hagerstown, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 12, 2009

  • Hagerstown Trust Company in Hagerstown, Maryland (MD)
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Hagerstown Trust Company - Overview

  • General
  • FDIC Certificate #: 1899
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Columbia Bank (#27244)
    Federal Reserve ID: 822529
    Date Established: October 07, 1933
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 11 (Interstate: No)
    OTS Docket #: 9988
    FDIC's unique #: 1265
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 12, 2009
    Last Structure Change Process Date: September 28, 2009
    Last Data Update: September 28, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 83 West Washington Street, Hagerstown, MD 21740
    County: Washington
    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): Hagerstown, MD (#3180)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Core Based Statistical Area (CBSA): Hagerstown-Martinsburg, MD-WV (#25180)
    CBSA Metro Statistical Area: Hagerstown-Martinsburg, MD-WV (#25180)
  • Financial Summary
  • Total assets: $563.4 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, 2008)

  • Dollar figures in thousands
  • 100Total employees (full-time equivalent)
  • $527,201Total assets
  • $10,085Cash and due from depository institutions
  • $100Interest-bearing balances
  • $103,525Securities
  • $54,477Federal funds sold & reverse repurchase agreements
  • $341,395Net loans & leases
  • $3,143Loan loss allowance
  • $0Trading account assets
  • $4,284Bank premises and fixed assets
  • $289Other real estate owned
  • $188Goodwill and other intangibles
  • $5,774Life insurance assets
  • $12,958All other assets
  • $527,200Total liabilities and capital
  • $491,817Total liabilities
  • $423,049Total deposits
  • $336,960Interest-bearing deposits
  • $423,049Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $18,660Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $43,157Other borrowed funds
  • $0Subordinated debt
  • $6,951All other liabilities
  • $35,383Total equity capital
  • $35,383Total bank equity capital
  • $35,383Perpetual preferred stock
  • $0Common stock
  • $2,762Surplus
  • $11,305Undivided profits
  • Memoranda
  • $21,316Noncurrent loans and leases
  • $69,328Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,759Earning assets
  • $0Long-term assets (5+ years)
  • $1,803Average Assets, year-to-date
  • $499,497Average Assets, quarterly
  • $101,771Volatile liabilities
  • $505,007Insider loans
  • $511,879FHLB advances
  • $85,669Loans and leases held for sale
  • $15,376Unused loan commitments
  • $36,000Tier 1 (core) risk-based capital
  • $17,654Tier 2 risk-based capital
  • $1,777Total risk weighted assets
  • $69,328Total unused commitments
  • $0Restructured Loans and leases
  • $3,204Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $25,802Total interest income
  • $9,886Total interest expense
  • $15,916Net interest income
  • $0Provision for loan and lease losses
  • $6,269Total noninterest income
  • $0Fiduciary activities
  • $2,671Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,598Additional noninterest income
  • $13,238Total noninterest expense
  • $4,983Salaries and employee benefits
  • $1,343Premises and equipment expense
  • $6,912Additional noninterest expense
  • $8,947Pre-tax net operating income
  • $330Securities gains (losses)
  • $2,314Applicable income taxes
  • $6,963Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,963Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,124Sale, conversion, retirement of capital stock, net
  • $7,200Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 2.09%Cost of funding earning assets
  • 3.37%Net interest margin
  • 1.33%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.38%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 20.25%Return on equity (ROE)
  • -0.69%Retained earnings to average equity (YTD only)
  • 0.62%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 4.21%Efficiency ratio
  • 59,671Assets per employee
  • 5.27%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 103.40%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 83.61%Noncurrent assets plus other real estate owned to assets
  • 0.77%Noncurrent loans to loans
  • 1.09%Net loans and leases to deposits
  • 80.70%Net loans and leases to core deposits
  • 93.23%Equity capital to assets
  • 6.71%Core capital (leverage) ratio
  • 6.74%Tier 1 risk-based capital ratio
  • 9.99%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $505,007Average earning assets
  • $34,390Average equity
  • $472,385Average loans

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