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
Legg Mason Investment Counsel & Trust Company, National Association
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