Irvington Federal Savings Bank in Glen Burnie, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 20, 1993

  • Irvington Federal Savings Bank in Glen Burnie, Maryland (MD)
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Irvington Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33561
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Arundel Federal Savings Bank (#28780)
    Federal Reserve ID: 191270
    Date Established: Febuary 28, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9700
    FDIC's unique #: 47443
    Numeric code: 34
    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: Febuary 28, 1992
    Last Structure Change Effective Date: August 20, 1993
    Last Structure Change Process Date: August 26, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 7711 Quarterfield Road, Glen Burnie, MD 21061
    County: Anne Arundel
    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
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $25.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $25Total assets
  • $29,978Cash and due from depository institutions
  • $1,008Interest-bearing balances
  • $325Securities
  • $600Federal funds sold & reverse repurchase agreements
  • $296Net loans & leases
  • $25,389Loan loss allowance
  • $1,514Trading account assets
  • $0Bank premises and fixed assets
  • $904Other real estate owned
  • $768Goodwill and other intangibles
  • $1,013Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $29,978Total liabilities
  • $32,362Total deposits
  • $28,579Interest-bearing deposits
  • $28,484Deposits held in domestic offices
  • 28579.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,600Subordinated debt
  • $0All other liabilities
  • $183Total equity capital
  • $183Total bank equity capital
  • $-2,384Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-2,384Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,838Income earned, not collected on loans
  • $664Earning assets
  • $26,610Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $35,270Average Assets, quarterly
  • $32,002Volatile liabilities
  • $3,877Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $924Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-2,662Total risk weighted assets
  • $21,413Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,755Total interest expense
  • $1,470Net interest income
  • $1,285Provision for loan and lease losses
  • $1,198Total noninterest income
  • $243Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $243Total noninterest expense
  • $1,816Salaries and employee benefits
  • $636Premises and equipment expense
  • $354Additional noninterest expense
  • $826Pre-tax net operating income
  • -$1,486Securities gains (losses)
  • -$3Applicable income taxes
  • $0Income before extraordinary items
  • -$1,489Extraordinary gains - net
  • $0Net income attributable to bank
  • -$1,489Net charge-offs
  • $1,706Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.82%Cost of funding earning assets
  • 4.71%Net interest margin
  • 4.12%Noninterest income to earning assets
  • 0.78%Noninterest expense to earning assets
  • 5.82%Net operating income to assets
  • -4.21%Return on assets (ROA)
  • -4.22%Pretax return on assets
  • -4.22%Return on equity (ROE)
  • 105.16%Retained earnings to average equity (YTD only)
  • 105.16%Net charge-offs to loans
  • 5.64%Credit loss provision to net charge-offs
  • 70.22%Efficiency ratio
  • 118,848Assets per employee
  • 1.20%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.63%Loss allowance to noncurrent loans
  • 39.45%Noncurrent assets plus other real estate owned to assets
  • 13.22%Noncurrent loans to loans
  • 14.27%Net loans and leases to deposits
  • 88.84%Net loans and leases to core deposits
  • 89.71%Equity capital to assets
  • -7.95%Core capital (leverage) ratio
  • -8.98%Tier 1 risk-based capital ratio
  • -12.43%Total risk-based capital ratio
  • Memoranda
  • -$12Average assets
  • $35,270Average earning assets
  • -$1,416Average equity
  • $31,223Average loans

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