Kent Savings and Loan Association, FA in Chestertown, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1997

Kent Savings and Loan Association, FA in Chestertown, Maryland (MD)
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Kent Savings and Loan Association, FA - Overview

General
FDIC Certificate #: 32382
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: CNB (#4832)
Federal Reserve ID: 432375
Date Established: December 15, 1900
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8206
FDIC's unique #: 45216
Numeric code: 37
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: September 30, 1985
Last Structure Change Effective Date: April 01, 1997
Last Structure Change Process Date: April 17, 1997
Last Data Update: April 17, 1997
Data Source Date: April 05, 2012
Location
Address: 305 High Street, Chestertown, MD 21620
County: Kent
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
Financial Summary
Total assets: $24.1 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$3Total assets
$23,856Cash and due from depository institutions
$674Interest-bearing balances
$370Securities
$989Federal funds sold & reverse repurchase agreements
$1,405Net loans & leases
$20,306Loan loss allowance
$15Trading account assets
$0Bank premises and fixed assets
$81Other real estate owned
$63Goodwill and other intangibles
$338Life insurance assets
$0All other assets
$0Total liabilities and capital
$23,856Total liabilities
$20,774Total deposits
$20,499Interest-bearing deposits
$20,499Deposits held in domestic offices
20499.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$275Total equity capital
$275Total bank equity capital
$3,082Perpetual preferred stock
$0Common stock
$140Surplus
$457Undivided profits
Memoranda
$2,485Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$344Income earned, not collected on loans
$88Earning assets
$23,070Long-term assets (5+ years)
$0Average Assets, year-to-date
$23,873Average Assets, quarterly
$23,759Volatile liabilities
$1,203Insider loans
$60FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$156Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,082Total risk weighted assets
$11,025Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,856Total interest expense
$1,011Net interest income
$845Provision for loan and lease losses
$1Total noninterest income
$27Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$27Total noninterest expense
$496Salaries and employee benefits
$167Premises and equipment expense
$40Additional noninterest expense
$289Pre-tax net operating income
$375Securities gains (losses)
$0Applicable income taxes
$132Income before extraordinary items
$243Extraordinary gains - net
$0Net income attributable to bank
$243Net charge-offs
$0Cash dividends
$42Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.95%Cost of funding earning assets
4.33%Net interest margin
3.62%Noninterest income to earning assets
0.12%Noninterest expense to earning assets
2.12%Net operating income to assets
1.02%Return on assets (ROA)
1.02%Pretax return on assets
1.57%Return on equity (ROE)
8.13%Retained earnings to average equity (YTD only)
6.73%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
56,881Assets per employee
7.95%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.28%Loss allowance to loans
0.07%Loss allowance to noncurrent loans
4.36%Noncurrent assets plus other real estate owned to assets
1.71%Noncurrent loans to loans
1.69%Net loans and leases to deposits
99.06%Net loans and leases to core deposits
105.23%Equity capital to assets
12.92%Core capital (leverage) ratio
12.92%Tier 1 risk-based capital ratio
27.95%Total risk-based capital ratio
Memoranda
$28Average assets
$23,873Average earning assets
$2,987Average equity
$23,357Average loans

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