Middletown Valley Bank in Middletown, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Middletown Valley Bank in Middletown, Maryland (MD)
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Middletown Valley Bank - Overview

  • General
  • FDIC Certificate #: 14017
    Status: Active
    Federal Reserve ID: 41825
    Date Established: January 04, 1908
    WWW: http://www.mvbbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 8761
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: March 08, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 24 West Main Street, Middletown, MD 21769
    County: Frederick
    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: Bethesda-Rockville-Frederick, MD (#13644)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $145.9 mil
    Equity capital: $18.4 mil
    Deposits held in domestic offices: $127.3 mil
    Return on assets (ROA): 0.86% ($1.3 mil)
    Quarterly return on assets: 0.68% ($1.0 mil)
    Return on Equity (ROE): 7.01% ($1.3 mil)
    Quarterly return on equity: 5.34% ($1.0 mil)
    Net income: $1.2 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.41% ($2,057.2 mil)
    Quarterly Pretax return on assets: 0.83% ($1,211.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 34Total employees (full-time equivalent)
  • $145,903Total assets
  • $7,439Cash and due from depository institutions
  • $0Interest-bearing balances
  • $54,304Securities
  • $10,341Federal funds sold & reverse repurchase agreements
  • $66,455Net loans & leases
  • $2,232Loan loss allowance
  • $0Trading account assets
  • $4,723Bank premises and fixed assets
  • $715Other real estate owned
  • $0Goodwill and other intangibles
  • $145,903Life insurance assets
  • $1,926All other assets
  • $127,478Total liabilities and capital
  • $127,279Total liabilities
  • $85,059Total deposits
  • $127,279Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $199Subordinated debt
  • $18,425All other liabilities
  • $18,425Total equity capital
  • $18,425Total bank equity capital
  • $0Perpetual preferred stock
  • $2,400Common stock
  • $2,600Surplus
  • $13,425Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,126Income earned, not collected on loans
  • $0Earning assets
  • $537Long-term assets (5+ years)
  • $131,100Average Assets, year-to-date
  • $99,236Average Assets, quarterly
  • $144,174Volatile liabilities
  • $143,363Insider loans
  • $63,649FHLB advances
  • $141,144Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,071Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,952Restructured Loans and leases
  • $253Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,668Total interest income
  • $281Total interest expense
  • $5,387Net interest income
  • $176Provision for loan and lease losses
  • $608Total noninterest income
  • $0Fiduciary activities
  • $445Service charges on deposit accounts
  • $0Trading account gains & fees
  • $163Additional noninterest income
  • $3,769Total noninterest expense
  • $1,994Salaries and employee benefits
  • $579Premises and equipment expense
  • $1,196Additional noninterest expense
  • $2,050Pre-tax net operating income
  • -$11Securities gains (losses)
  • $793Applicable income taxes
  • $1,246Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,246Net income attributable to bank
  • $0Net charge-offs
  • $1,246Cash dividends
  • $207Sale, conversion, retirement of capital stock, net
  • $384Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.34%Yield on earning assets
  • 0.22%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.47%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.87%Net operating income to assets
  • 0.86%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 7.01%Return on equity (ROE)
  • 4.85%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 85.02%Credit loss provision to net charge-offs
  • 10.75%Efficiency ratio
  • 62,869Assets per employee
  • 4.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.82%Loss allowance to loans
  • 3.25%Loss allowance to noncurrent loans
  • 71.40%Noncurrent assets plus other real estate owned to assets
  • 2.63%Noncurrent loans to loans
  • 4.55%Net loans and leases to deposits
  • 52.21%Net loans and leases to core deposits
  • 52.35%Equity capital to assets
  • 12.63%Core capital (leverage) ratio
  • 12.80%Tier 1 risk-based capital ratio
  • 28.39%Total risk-based capital ratio
  • Memoranda
  • $30Average assets
  • $144,174Average earning assets
  • $17,775Average equity
  • $130,511Average loans

List of branches

  • 5 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08761Middletown Valley Bank24 West Main Street, Middletown, MD 21769January 04, 1908Full Service Brick and Mortar
    1230834Middleton Branch803 East Main Street, Middletown, MD 21769June 16, 1980Full Service Brick and Mortar
    2204454Jefferson Branch3848 Jefferson Pike, Jefferson, MD 21755January 01, 1916Full Service Brick and Mortar
    3230835Myersville Branch3001 Ventrie Court, Myersville, MD 21773March 01, 1999Full Service Brick and Mortar
    4468537Boonsboro Branch6721 Old National Pike, Boonsboro, MD 21713October 01, 2007Full Service Brick and Mortar

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