Heritage Savings Bank, FSB in Lutherville, Maryland (MD)

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Heritage Savings Bank, FSB
GeneralFDIC Certificate #: 28486
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Baltimore County Savings Bank (#32341)
Federal Reserve ID: 282673
Date Established: January 01, 1902
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 1684
FDIC's unique #: 41320
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: December 08, 1954
Last Structure Change Effective Date: July 24, 2002
Last Structure Change Process Date: August 22, 2002
Last Data Update: August 22, 2002
Data Source Date: April 05, 2012
LocationAddress: 1505 York Road, Lutherville, MD 21093
County: Baltimore
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): Baltimore, MD (#720)
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): Baltimore-Towson, MD (#12580)
CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
Financial SummaryTotal assets: $153.4 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)33
Total assets$162,855
Cash and due from depository institutions$24,807
Interest-bearing balances$23,393
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$112,392
Loan loss allowance $308
Trading account assets$0
Bank premises and fixed assets$1,359
Other real estate owned$0
Goodwill and other intangibles$54
All other assets$2,708
Life insurance assets$0
Total liabilities and capital$162,855
Total liabilities$147,022
Total deposits$124,373
Interest-bearing deposits$123,044
Deposits held in domestic offices$124,373
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $22,386
Subordinated debt $0
All other liabilities $263
Total equity capital$15,833
Total bank equity capital$15,833
Perpetual preferred stock$15,833
Common stock$0
Undivided profits $7,981
Noncurrent loans and leases $7,842
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $19,105
Income earned, not collected on loans $0
Earning assets $454
Long-term assets (5+ years) $0
Average Assets, year-to-date $615
Average Assets, quarterly $157,320
Volatile liabilities $0
Insider loans $162,976
FHLB advances $163,164
Loans and leases held for sale $35,299
Unused loan commitments $0
Tier 1 (core) risk-based capital $22,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $19,105
Restructured Loans and leases $247
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $11,282
Total interest expense $7,626
Net interest income $3,656
Provision for loan and lease losses $14
Total noninterest income $259
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $259
Total noninterest expense $3,136
Salaries and employee benefits $2,098
Premises and equipment expense $445
Additional noninterest expense $593
Pre-tax net operating income $765
Securities gains (losses) $0
Applicable income taxes $304
Income before extraordinary items $461
Extraordinary gains - net $0
Net income attributable to bank $461
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $14
Net operating income $0
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.18%
Cost of funding earning assets 4.85%
Net interest margin 2.33%
Noninterest income to earning assets 0.16%
Noninterest expense to earning assets 2.00%
Net operating income to assets 0.28%
Return on assets (ROA) 0.28%
Pretax return on assets 0.47%
Return on equity (ROE) 3.02%
Retained earnings to average equity (YTD only) 3.02%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 100.00%
Efficiency ratio55.64%
Assets per employee$80,000
Cash dividends to net income (YTD only)4.93%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.27%
Noncurrent assets plus other real estate owned to assets 67.84%
Noncurrent loans to loans 0.28%
Net loans and leases to deposits0.40%
Net loans and leases to core deposits 90.37%
Equity capital to assets 100.84%
Core capital (leverage) ratio 9.72%
Tier 1 risk-based capital ratio 9.68%
Total risk-based capital ratio 17.77%
Average assets$18
Average earning assets$162,976
Average equity $15,272
Average loans $157,098
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