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- Banks in Maryland (MD)
- Laurel Federal Savings Bank
Laurel Federal Savings Bank in Laurel, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of January 26, 1996
- Laurel Federal Savings Bank in Laurel, Maryland (MD)
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Laurel Federal Savings Bank - Overview
- General
- FDIC Certificate #: 32352
Status: Inactive
Closing history: Office Sold
Acquiring institution: Elkridge Bank (#18456)
Federal Reserve ID: 627975
Date Established: March 17, 1869
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 8174
FDIC's unique #: 45186
Numeric code: 33
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: June 28, 1985
Last Structure Change Effective Date: January 26, 1996
Last Structure Change Process Date: Febuary 21, 1996
Last Data Update: Febuary 21, 1996
Data Source Date: April 05, 2012 - Location
- Address: 380 Main Street, Laurel, MD 20707
County: Prince George's
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): 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
- Merger - Without Assistance
Office Sold - Financial Summary
- Total assets: $108.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1995)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $31Total assets
- $108,636Cash and due from depository institutions
- $6,911Interest-bearing balances
- $6,439Securities
- $13,500Federal funds sold & reverse repurchase agreements
- $0Net loans & leases
- $84,409Loan loss allowance
- $1,130Trading account assets
- $0Bank premises and fixed assets
- $135Other real estate owned
- $783Goodwill and other intangibles
- $2,851Life insurance assets
- $47All other assets
- $0Total liabilities and capital
- $108,636Total liabilities
- $91,100Total deposits
- $83,631Interest-bearing deposits
- $83,631Deposits held in domestic offices
- 83631.00%% insured (estimated)
- $96Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $7,000Subordinated debt
- $0All other liabilities
- $469Total equity capital
- $469Total bank equity capital
- $17,536Perpetual preferred stock
- $0Common stock
- $1Surplus
- $5,662Undivided profits
- Memoranda
- $11,873Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $1,675Income earned, not collected on loans
- $595Earning assets
- $104,348Long-term assets (5+ years)
- $0Average Assets, year-to-date
- $112,498Average Assets, quarterly
- $110,907Volatile liabilities
- $15,062Insider loans
- $0FHLB advances
- $7,000Loans and leases held for sale
- $0Unused loan commitments
- $4,010Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $16,409Total risk weighted assets
- $65,578Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1995)
- Dollar figures in thousands
- $0Total interest income
- $9,139Total interest expense
- $4,514Net interest income
- $4,625Provision for loan and lease losses
- $0Total noninterest income
- $266Fiduciary activities
- $0Service charges on deposit accounts
- $0Trading account gains & fees
- $0Additional noninterest income
- $266Total noninterest expense
- $2,713Salaries and employee benefits
- $1,393Premises and equipment expense
- $273Additional noninterest expense
- $1,047Pre-tax net operating income
- $2,178Securities gains (losses)
- $0Applicable income taxes
- $870Income before extraordinary items
- $1,308Extraordinary gains - net
- $0Net income attributable to bank
- $1,308Net charge-offs
- $0Cash dividends
- $0Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1995)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 8.47%Cost of funding earning assets
- 4.18%Net interest margin
- 4.29%Noninterest income to earning assets
- 0.25%Noninterest expense to earning assets
- 2.52%Net operating income to assets
- 1.16%Return on assets (ROA)
- 1.16%Pretax return on assets
- 1.94%Return on equity (ROE)
- 7.79%Retained earnings to average equity (YTD only)
- 7.79%Net charge-offs to loans
- 0.00%Credit loss provision to net charge-offs
- 0.00%Efficiency ratio
- 55,469Assets per employee
- 3.50%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.32%Loss allowance to noncurrent loans
- 67.46%Noncurrent assets plus other real estate owned to assets
- 2.26%Noncurrent loans to loans
- 1.96%Net loans and leases to deposits
- 100.93%Net loans and leases to core deposits
- 111.70%Equity capital to assets
- 16.14%Core capital (leverage) ratio
- 15.30%Tier 1 risk-based capital ratio
- 25.02%Total risk-based capital ratio
- Memoranda
- $25Average assets
- $112,498Average earning assets
- $16,801Average equity
- $107,862Average loans
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- Banks in Maryland (MD)
- Laurel Federal Savings Bank
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