Jefferson Security Bank in Shepherdstown, West Virginia (WV), MD
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Jefferson Security Bank in Shepherdstown, West Virginia (WV), MD
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Jefferson Security Bank - Overview

  • General
  • FDIC Certificate #: 9997
    Status: Active
    Federal Reserve ID: 786733
    Date Established: May 19, 1869
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Domestic: 6, Interstate: Yes)
    OTS Docket #: 11694
    FDIC's unique #: 6390
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Washington And Princess Streets, Shepherdstown, WV 25443
    County: Jefferson
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $274.7 mil
    Equity capital: $19.6 mil
    Deposits held in domestic offices: $251.5 mil
    Return on assets (ROA): 0.29% ($0.8 mil)
    Quarterly return on assets: 0.33% ($0.9 mil)
    Return on Equity (ROE): 3.92% ($0.8 mil)
    Quarterly return on equity: 4.44% ($0.9 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.33% ($906.6 mil)
    Quarterly Pretax return on assets: 0.36% ($989.0 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, 2011)

  • Dollar figures in thousands
  • 83Total employees (full-time equivalent)
  • $274,730Total assets
  • $11,150Cash and due from depository institutions
  • $6,640Interest-bearing balances
  • $108,662Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $136,033Net loans & leases
  • $1,849Loan loss allowance
  • $0Trading account assets
  • $6,963Bank premises and fixed assets
  • $1,944Other real estate owned
  • $0Goodwill and other intangibles
  • $274,730Life insurance assets
  • $9,978All other assets
  • $255,142Total liabilities and capital
  • $251,509Total liabilities
  • $236,985Total deposits
  • $251,509Interest-bearing deposits
  • $72Deposits held in domestic offices
  • 517.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,116Subordinated debt
  • $19,588All other liabilities
  • $19,588Total equity capital
  • $19,588Total bank equity capital
  • $0Perpetual preferred stock
  • $2,884Common stock
  • $2,884Surplus
  • $13,820Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,093Income earned, not collected on loans
  • $0Earning assets
  • $840Long-term assets (5+ years)
  • $251,335Average Assets, year-to-date
  • $72,773Average Assets, quarterly
  • $271,415Volatile liabilities
  • $276,471Insider loans
  • $160,178FHLB advances
  • $277,036Loans and leases held for sale
  • $5,064Unused loan commitments
  • $3,977Tier 1 (core) risk-based capital
  • $21,420Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,087Total unused commitments
  • $21,143Restructured Loans and leases
  • $2,782Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,419Total interest income
  • $2,154Total interest expense
  • $7,265Net interest income
  • $2,238Provision for loan and lease losses
  • $2,076Total noninterest income
  • $0Fiduciary activities
  • $736Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,340Additional noninterest income
  • $7,906Total noninterest expense
  • $4,039Salaries and employee benefits
  • $986Premises and equipment expense
  • $2,881Additional noninterest expense
  • -$803Pre-tax net operating income
  • $1,693Securities gains (losses)
  • $105Applicable income taxes
  • $785Income before extraordinary items
  • $0Extraordinary gains - net
  • $785Net income attributable to bank
  • $0Net charge-offs
  • $785Cash dividends
  • $2,900Sale, conversion, retirement of capital stock, net
  • $288Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.80%Yield on earning assets
  • 0.87%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.19%Noninterest expense to earning assets
  • -0.26%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 3.92%Return on equity (ROE)
  • 2.48%Retained earnings to average equity (YTD only)
  • 2.05%Net charge-offs to loans
  • 77.17%Credit loss provision to net charge-offs
  • 0.49%Efficiency ratio
  • 84,638Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.69%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 88.34%Noncurrent assets plus other real estate owned to assets
  • 1.47%Noncurrent loans to loans
  • 1.52%Net loans and leases to deposits
  • 54.09%Net loans and leases to core deposits
  • 58.38%Equity capital to assets
  • 7.13%Core capital (leverage) ratio
  • 7.73%Tier 1 risk-based capital ratio
  • 13.37%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $271,415Average earning assets
  • $20,030Average equity
  • $248,137Average loans

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6465755Sharpsburg Office Branch103 West Main Street, Sharpsburg, MD 21782September 14, 2006Full Service Brick and Mortar
  • 5 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06390Jefferson Security BankWashington And Princess Streets, Shepherdstown, WV 25443May 19, 1869Full Service Brick and Mortar
    2221672Charles Town BranchRoute 340 And Jefferson Avenue, Charles Town, WV 25414July 08, 1986Full Service Brick and Mortar
    3221673Edwin Miller Boulevard Branch1487 Edwin Miller Boulevard, Martinsburg, WV 25402March 31, 1997Full Service Brick and Mortar
    4358767South Berkeley Branch277 Mineral Drive, Inwood, WV 25428August 28, 2000Full Service Brick and Mortar
    5453822Barron Office Branch7994 Martinsburg Pike, Shepherdstown, WV 25443June 15, 2006Full Service Brick and Mortar

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