Legg Mason Investment Counsel & Trust Company, National Association in Baltimore, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Legg Mason Investment Counsel & Trust Company, National Association in Baltimore, Maryland (MD)
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Legg Mason Investment Counsel & Trust Company, National Association - Overview

  • General
  • FDIC Certificate #: 33785
    Status: Active
    Federal Reserve ID: 2713920
    Date Established: Febuary 16, 1993
    WWW: http://www.lmicus.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 15377
    FDIC's unique #: 48032
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: September 29, 1999
    Last Structure Change Effective Date: April 01, 2006
    Last Structure Change Process Date: September 21, 2010
    Last Data Update: September 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Light Street, Baltimore, MD 21202
    County: Baltimore City
    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
  • Corrections
    Name Change
  • Financial Summary
  • Total assets: $70.0 mil
    Equity capital: $62.4 mil
    Deposits held in domestic offices: $0.5 mil
    Return on assets (ROA): -0.20% (-$0.1 mil)
    Quarterly return on assets: 2.75% ($1.9 mil)
    Return on Equity (ROE): -0.22% (-$0.1 mil)
    Quarterly return on equity: 3.06% ($1.9 mil)
    Net income: -$0.1 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: -0.19% (-$133.0 mil)
    Quarterly Pretax return on assets: 5.64% ($3,947.2 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
  • 108Total employees (full-time equivalent)
  • $69,986Total assets
  • $1,221Cash and due from depository institutions
  • $1,221Interest-bearing balances
  • $9,234Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $1,260Bank premises and fixed assets
  • $0Other real estate owned
  • $24,668Goodwill and other intangibles
  • $69,985Life insurance assets
  • $33,603All other assets
  • $7,550Total liabilities and capital
  • $503Total liabilities
  • $503Total deposits
  • $503Interest-bearing deposits
  • $50Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,047Subordinated debt
  • $62,435All other liabilities
  • $62,435Total equity capital
  • $62,435Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $102,792Surplus
  • $-40,357Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $70Long-term assets (5+ years)
  • $10,455Average Assets, year-to-date
  • $7,090Average Assets, quarterly
  • $69,864Volatile liabilities
  • $69,269Insider loans
  • $25,329FHLB advances
  • $36,803Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $29,302Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $435Total interest income
  • $8Total interest expense
  • $427Net interest income
  • $0Provision for loan and lease losses
  • $47,452Total noninterest income
  • $9,364Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $38,088Additional noninterest income
  • $48,009Total noninterest expense
  • $24,930Salaries and employee benefits
  • $3,710Premises and equipment expense
  • $19,369Additional noninterest expense
  • -$130Pre-tax net operating income
  • $0Securities gains (losses)
  • $9Applicable income taxes
  • -$139Income before extraordinary items
  • $0Extraordinary gains - net
  • -$139Net income attributable to bank
  • $0Net charge-offs
  • -$139Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.33%Yield on earning assets
  • 0.08%Cost of funding earning assets
  • 4.25%Net interest margin
  • 471.95%Noninterest income to earning assets
  • 477.49%Noninterest expense to earning assets
  • -0.20%Net operating income to assets
  • -0.20%Return on assets (ROA)
  • -0.19%Pretax return on assets
  • -0.22%Return on equity (ROE)
  • -0.22%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 94,350Assets per employee
  • 0.65%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 89.21%Core capital (leverage) ratio
  • 79.62%Tier 1 risk-based capital ratio
  • 115.69%Total risk-based capital ratio
  • Memoranda
  • $116Average assets
  • $69,864Average earning assets
  • $62,045Average equity
  • $10,054Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,586,580Managed Assets
  • 1Number of Accounts
  • $2,126,675Personal trust and agency accounts
  • $623,322Employee benefit-defined contribution accounts
  • $287,624Employee benefit-defined benefit accounts
  • $209,647Other retirement accounts
  • $37,845Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $890,732Other fiduciary accounts
  • $76,802Fiduciary accounts held in foreign offices
  • $703Non-managed Assets
  • 895Number of Accounts
  • $0Personal trust and agency accounts
  • $37,845Employee benefit-defined contribution accounts
  • $21,072Employee benefit-defined benefit accounts
  • $459,905Other retirement accounts
  • $65,688Corporate trust and agency accounts
  • $389,554Other fiduciary accounts
  • $2,916Fiduciary accounts held in foreign offices

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    048032Legg Mason Investment Counsel & Trust Company, National Association100 Light Street, Baltimore, MD 21202Febuary 16, 1993Full Service Brick and Mortar

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