FDIC Certificate #: 32456 Status: Inactive Federal Reserve ID: 642576 Date Established: April 04, 1920 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8283 FDIC's unique #: 45290 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: Febuary 25, 1986 Last Structure Change Effective Date: July 09, 2010 Last Structure Change Process Date: July 12, 2010 Last Data Update: July 12, 2010 Data Source Date: April 05, 2012
Location
Address: 1629 Druid Hill Avenue, Baltimore, MD 21217 County: Baltimore City 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)
History of Changes
Financial Difficulty - Payoff
Financial Summary
Total assets: $6.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
2Total employees (full-time equivalent)
$6,315Total assets
$260Cash and due from depository institutions
$11Interest-bearing balances
$73Securities
$884Federal funds sold & reverse repurchase agreements
$4,885Net loans & leases
$339Loan loss allowance
$0Trading account assets
$43Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$104Life insurance assets
$170All other assets
$6,315Total liabilities and capital
$6,034Total liabilities
$5,876Total deposits
$5,770Interest-bearing deposits
$5,876Deposits held in domestic offices
88.95%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$158All other liabilities
$281Total equity capital
$281Total bank equity capital
$281Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$281Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$597Earning assets
$0Long-term assets (5+ years)
$35Average Assets, year-to-date
$5,853Average Assets, quarterly
$0Volatile liabilities
$6,607Insider loans
$6,317FHLB advances
$276Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$58Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$363Total interest income
$93Total interest expense
$270Net interest income
$247Provision for loan and lease losses
$116Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$116Additional noninterest income
$530Total noninterest expense
$190Salaries and employee benefits
$111Premises and equipment expense
$229Additional noninterest expense
-$391Pre-tax net operating income
$0Securities gains (losses)
-$12Applicable income taxes
-$379Income before extraordinary items
$0Extraordinary gains - net
-$379Net income attributable to bank
$0Net charge-offs
-$379Cash dividends
$5Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.89%Yield on earning assets
1.51%Cost of funding earning assets
4.38%Net interest margin
1.88%Noninterest income to earning assets
8.60%Noninterest expense to earning assets
-5.74%Net operating income to assets
-5.74%Return on assets (ROA)
-5.92%Pretax return on assets
-96.49%Return on equity (ROE)
-96.49%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
4940.00%Credit loss provision to net charge-offs
-28.80%Efficiency ratio
137,306Assets per employee
3.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.49%Loss allowance to noncurrent loans
56.78%Noncurrent assets plus other real estate owned to assets
9.45%Noncurrent loans to loans
11.43%Net loans and leases to deposits
83.13%Net loans and leases to core deposits
87.23%Equity capital to assets
4.45%Core capital (leverage) ratio
4.42%Tier 1 risk-based capital ratio
6.05%Total risk-based capital ratio
Memoranda
$7Average assets
$6,607Average earning assets
$393Average equity
$6,165Average loans
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