Home Bank in Newark, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 1997

Home Bank in Newark, Maryland (MD)
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Home Bank - Overview

General
FDIC Certificate #: 8815
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Peninsula Bank (#14874)
Federal Reserve ID: 53024
Date Established: October 18, 1918
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 5 (Interstate: No)
FDIC's unique #: 5616
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: July 01, 1997
Last Structure Change Process Date: July 22, 1997
Last Data Update: July 22, 1997
Data Source Date: April 05, 2012
Location
Address: 8305 Langmaid Road, Newark, MD 21841
County: Worcester
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
Combined Statistical Area (CSA): Salisbury-Ocean Pines, MD (#480)
Core Based Statistical Area (CBSA): Ocean Pines, MD (#36180)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $47.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$33Total assets
$45,349Cash and due from depository institutions
$2,504Interest-bearing balances
$0Securities
$4,251Federal funds sold & reverse repurchase agreements
$1,600Net loans & leases
$35,113Loan loss allowance
$647Trading account assets
$0Bank premises and fixed assets
$1,225Other real estate owned
$0Goodwill and other intangibles
$656Life insurance assets
$0All other assets
$0Total liabilities and capital
$45,349Total liabilities
$39,708Total deposits
$39,254Interest-bearing deposits
$32,041Deposits held in domestic offices
39254.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$454Total equity capital
$454Total bank equity capital
$5,641Perpetual preferred stock
$0Common stock
$1,769Surplus
$1,843Undivided profits
Memoranda
$2,029Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,485Income earned, not collected on loans
$372Earning assets
$40,964Long-term assets (5+ years)
$1,628Average Assets, year-to-date
$45,162Average Assets, quarterly
$45,894Volatile liabilities
$2,623Insider loans
$2,130FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,751Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,622Total risk weighted assets
$34,742Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$4,020Total interest expense
$1,494Net interest income
$2,526Provision for loan and lease losses
$117Total noninterest income
$431Fiduciary activities
$0Service charges on deposit accounts
$303Trading account gains & fees
$0Additional noninterest income
$128Total noninterest expense
$1,815Salaries and employee benefits
$1,001Premises and equipment expense
$369Additional noninterest expense
$445Pre-tax net operating income
$1,025Securities gains (losses)
$0Applicable income taxes
$369Income before extraordinary items
$656Extraordinary gains - net
$0Net income attributable to bank
$656Net charge-offs
$66Cash dividends
$133Sale, conversion, retirement of capital stock, net
$53Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.84%Cost of funding earning assets
3.66%Net interest margin
6.18%Noninterest income to earning assets
1.05%Noninterest expense to earning assets
4.44%Net operating income to assets
1.45%Return on assets (ROA)
1.45%Pretax return on assets
2.27%Return on equity (ROE)
12.21%Retained earnings to average equity (YTD only)
9.74%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
177.27%Efficiency ratio
61,380Assets per employee
1.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
20.27%Loss allowance to loans
1.81%Loss allowance to noncurrent loans
43.57%Noncurrent assets plus other real estate owned to assets
3.27%Noncurrent loans to loans
4.15%Net loans and leases to deposits
89.45%Net loans and leases to core deposits
95.86%Equity capital to assets
12.44%Core capital (leverage) ratio
12.14%Tier 1 risk-based capital ratio
16.18%Total risk-based capital ratio
Memoranda
$17Average assets
$45,162Average earning assets
$5,372Average equity
$40,855Average loans

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