K Bank in Randallstown, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 05, 2010

  • K Bank in Randallstown, Maryland (MD)
  • Show street view No street view available for this location

K Bank - Overview

  • General
  • FDIC Certificate #: 31263
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Manufacturers and Traders Trust Company (#588)
    Federal Reserve ID: 357375
    Date Established: July 07, 1961
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Interstate: No)
    OTS Docket #: 6633
    FDIC's unique #: 44097
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 07, 1961
    Last Structure Change Effective Date: November 05, 2010
    Last Structure Change Process Date: November 08, 2010
    Last Data Update: November 08, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 8601 Liberty Road, Randallstown, MD 21133
    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)
  • History of Changes
  • Absorption - Assisted
    Corrections
  • Financial Summary
  • Total assets: $538.3 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
  • 131Total employees (full-time equivalent)
  • $612,255Total assets
  • $38,832Cash and due from depository institutions
  • $21,699Interest-bearing balances
  • $72,920Securities
  • $474Federal funds sold & reverse repurchase agreements
  • $454,123Net loans & leases
  • $18,732Loan loss allowance
  • $0Trading account assets
  • $6,120Bank premises and fixed assets
  • $24,309Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $15,477All other assets
  • $612,255Total liabilities and capital
  • $589,639Total liabilities
  • $528,674Total deposits
  • $504,207Interest-bearing deposits
  • $528,674Deposits held in domestic offices
  • 96.92%% insured (estimated)
  • $412Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $59,500Other borrowed funds
  • $0Subordinated debt
  • $1,053All other liabilities
  • $22,616Total equity capital
  • $22,616Total bank equity capital
  • $22,616Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $24,260Undivided profits
  • Memoranda
  • $-3,144Noncurrent loans and leases
  • $55,713Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $68,540Earning assets
  • $1,993Long-term assets (5+ years)
  • $2,641Average Assets, year-to-date
  • $549,216Average Assets, quarterly
  • $208,508Volatile liabilities
  • $656,593Insider loans
  • $635,598FHLB advances
  • $168,920Loans and leases held for sale
  • $0Unused loan commitments
  • $59,500Tier 1 (core) risk-based capital
  • $1,500Tier 2 risk-based capital
  • $2,647Total risk weighted assets
  • $55,713Total unused commitments
  • $30,986Restructured Loans and leases
  • $5,710Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $31,228Total interest income
  • $19,381Total interest expense
  • $11,847Net interest income
  • $20,865Provision for loan and lease losses
  • -$599Total noninterest income
  • $0Fiduciary activities
  • $628Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$1,227Additional noninterest income
  • $19,871Total noninterest expense
  • $8,165Salaries and employee benefits
  • $2,904Premises and equipment expense
  • $8,802Additional noninterest expense
  • -$29,488Pre-tax net operating income
  • $762Securities gains (losses)
  • -$5,564Applicable income taxes
  • -$23,162Income before extraordinary items
  • $0Extraordinary gains - net
  • -$23,162Net income attributable to bank
  • $0Net charge-offs
  • -$23,162Cash dividends
  • $17,795Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.29%Yield on earning assets
  • 3.28%Cost of funding earning assets
  • 2.01%Net interest margin
  • -0.10%Noninterest income to earning assets
  • 3.37%Noninterest expense to earning assets
  • -3.62%Net operating income to assets
  • -3.53%Return on assets (ROA)
  • -4.38%Pretax return on assets
  • -72.41%Return on equity (ROE)
  • -72.41%Retained earnings to average equity (YTD only)
  • 3.41%Net charge-offs to loans
  • 117.25%Credit loss provision to net charge-offs
  • -0.48%Efficiency ratio
  • 176,663Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.96%Loss allowance to noncurrent loans
  • 27.33%Noncurrent assets plus other real estate owned to assets
  • 15.17%Noncurrent loans to loans
  • 14.49%Net loans and leases to deposits
  • 85.90%Net loans and leases to core deposits
  • 108.99%Equity capital to assets
  • 3.69%Core capital (leverage) ratio
  • 3.48%Tier 1 risk-based capital ratio
  • 5.08%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $656,593Average earning assets
  • $31,986Average equity
  • $590,247Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with K Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents