Maryland National Bank in Baltimore, Maryland (MD)



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Maryland National Bank
GeneralFDIC Certificate #: 23761
Status: Inactive
Closing history: Corrections
Acquiring institution: NationsBank, National Association (#12883)
Federal Reserve ID: 248624
Date Established: March 15, 1982
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 238 (Interstate: No)
FDIC's unique #: 16612
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: March 15, 1982
Last Structure Change Effective Date: April 29, 1994
Last Structure Change Process Date: May 20, 1994
Last Data Update: May 20, 1994
Data Source Date: April 05, 2012
LocationAddress: 10 Light Street, Baltimore, MD 21203
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 ChangesMerger - Without Assistance
Participated in Absorption/Consolidation/Merger
Corrections
Financial SummaryTotal assets: $13,917.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$4,731
Cash and due from depository institutions$11,375,618
Interest-bearing balances$687,712
Securities$1,000
Federal funds sold & reverse repurchase agreements$2,426,908
Net loans & leases$1,426,900
Loan loss allowance $6,087,086
Trading account assets$324,446
Bank premises and fixed assets$5,328
Other real estate owned$152,483
Goodwill and other intangibles$118,840
All other assets$235,530
Life insurance assets$234,831
Total liabilities and capital$0
Total liabilities$11,375,618
Total deposits$10,250,059
Interest-bearing deposits$7,494,049
Deposits held in domestic offices$5,597,941
% insured (estimated)7419500.00%
Federal funds purchased & repurchase agreements $82
Trading liabilities$1,636,041
Other borrowed funds $0
Subordinated debt $1,025,194
All other liabilities $0
Total equity capital$94,775
Total bank equity capital$94,775
Perpetual preferred stock$1,125,559
Common stock$39,000
Surplus$147,000
Undivided profits $904,755
Memoranda
Noncurrent loans and leases $34,804
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $158,964
Earning assets $43,289
Long-term assets (5+ years) $9,947,222
Average Assets, year-to-date $2,356,897
Average Assets, quarterly $11,716,686
Volatile liabilities $11,446,664
Insider loans $3,170,213
FHLB advances $23,765
Loans and leases held for sale $0
Unused loan commitments $99,885
Tier 1 (core) risk-based capital $2,077,478
Tier 2 risk-based capital $0
Total risk weighted assets $890,029
Total unused commitments $7,958,334
Restructured Loans and leases $0
Derivatives$6,693,112
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $182,862
Net interest income $61,502
Provision for loan and lease losses $121,360
Total noninterest income $9,700
Fiduciary activities $43,553
Service charges on deposit accounts $0
Trading account gains & fees $22,223
Additional noninterest income $548
Total noninterest expense $20,782
Salaries and employee benefits $102,735
Premises and equipment expense $49,600
Additional noninterest expense $15,048
Pre-tax net operating income $38,087
Securities gains (losses) $52,478
Applicable income taxes -$100
Income before extraordinary items $17,020
Extraordinary gains - net $35,358
Net income attributable to bank $0
Net charge-offs $35,358
Cash dividends $5,642
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 1.76%
Net interest margin 0.59%
Noninterest income to earning assets 1.17%
Noninterest expense to earning assets 0.42%
Net operating income to assets 0.99%
Return on assets (ROA) 0.30%
Pretax return on assets 0.30%
Return on equity (ROE) 0.45%
Retained earnings to average equity (YTD only) 4.05%
Net charge-offs to loans 4.05%
Credit loss provision to net charge-offs 0.08%
Efficiency ratio171.92%
Assets per employee$58,091
Cash dividends to net income (YTD only)2.40%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 5.06%
Noncurrent assets plus other real estate owned to assets 204.10%
Noncurrent loans to loans 2.44%
Net loans and leases to deposits2.48%
Net loans and leases to core deposits 81.23%
Equity capital to assets 87.54%
Core capital (leverage) ratio 9.89%
Tier 1 risk-based capital ratio 7.99%
Total risk-based capital ratio 11.18%
Memoranda
Average assets$12
Average earning assets$11,716,686
Average equity $873,286
Average loans $10,408,337
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