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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