Prince George's Federal Savings Bank in Upper Marlboro, Maryland (MD)



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Prince George's Federal Savings Bank
GeneralFDIC Certificate #: 28969
Status: Active
Federal Reserve ID: 747172
Date Established: January 01, 1931
WWW: http://www.pgfsb.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 2703
FDIC's unique #: 41803
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: 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: Mortgage Lending Specialization
Date of Deposit Insurance: October 28, 1953
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 14804 Pratt Street, Upper Marlboro, MD 20772
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 ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $100.8 mil
Equity capital: $12.2 mil
Deposits held in domestic offices: $88.5 mil
Return on assets (ROA): 0.26% ($0.3 mil)
Quarterly return on assets: -0.23% (-$0.2 mil)
Return on Equity (ROE): 2.08% ($0.2 mil)
Quarterly return on equity: -1.88% (-$0.2 mil)
Net income: $0.3 mil
Quarterly Net income: -$0.1 mil
Pretax return on assets: 0.42% ($423.4 mil)
Quarterly Pretax return on assets: -0.23% (-$231.8 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)
Total employees (full-time equivalent)24
Total assets$100,801
Cash and due from depository institutions$15,923
Interest-bearing balances$15,446
Securities$1
Federal funds sold & reverse repurchase agreements$85
Net loans & leases$81,153
Loan loss allowance $789
Trading account assets$0
Bank premises and fixed assets$1,178
Other real estate owned$615
Goodwill and other intangibles$0
All other assets$1,846
Life insurance assets$100,801
Total liabilities and capital$88,620
Total liabilities$88,512
Total deposits$76,620
Interest-bearing deposits$88,512
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $108
All other liabilities $12,181
Total equity capital$12,181
Total bank equity capital$12,181
Perpetual preferred stock$0
Common stock$902
Surplus$3,990
Undivided profits $7,289
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,077
Earning assets $0
Long-term assets (5+ years) $316
Average Assets, year-to-date $96,685
Average Assets, quarterly $0
Volatile liabilities $98,928
Insider loans $99,898
FHLB advances $58,824
Loans and leases held for sale $100,801
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $12,181
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $5,184
Derivatives$3,437
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,773
Total interest expense $898
Net interest income $3,875
Provision for loan and lease losses $1,147
Total noninterest income $44
Fiduciary activities $0
Service charges on deposit accounts $43
Trading account gains & fees $0
Additional noninterest income $1
Total noninterest expense $2,352
Salaries and employee benefits $1,150
Premises and equipment expense $717
Additional noninterest expense $485
Pre-tax net operating income $420
Securities gains (losses) -$4
Applicable income taxes $162
Income before extraordinary items $254
Extraordinary gains - net $0
Net income attributable to bank $254
Net charge-offs $0
Cash dividends $254
Sale, conversion, retirement of capital stock, net $797
Net operating income $271
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.04%
Cost of funding earning assets 0.95%
Net interest margin 4.09%
Noninterest income to earning assets 0.05%
Noninterest expense to earning assets 2.48%
Net operating income to assets 0.26%
Return on assets (ROA) 0.26%
Pretax return on assets 0.42%
Return on equity (ROE) 2.08%
Retained earnings to average equity (YTD only) -0.14%
Net charge-offs to loans 0.96%
Credit loss provision to net charge-offs 143.91%
Efficiency ratio1.97%
Assets per employee$60,015
Cash dividends to net income (YTD only)4.20%
Condition Ratios (%)
Loss allowance to loans 106.69%
Loss allowance to noncurrent loans 0.96%
Noncurrent assets plus other real estate owned to assets 25.64%
Noncurrent loans to loans 3.66%
Net loans and leases to deposits3.76%
Net loans and leases to core deposits 91.69%
Equity capital to assets 97.79%
Core capital (leverage) ratio 12.08%
Tier 1 risk-based capital ratio 12.08%
Total risk-based capital ratio 20.71%
Memoranda
Average assets$22
Average earning assets$98,928
Average equity $12,224
Average loans $94,749
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3 Maryland Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041803Prince George's Federal Savings Bank14804 Pratt Street, Upper Marlboro, MD 20772January 01, 1931Full Service Brick and Mortar
1271969Lyons Creek Branch2807 Chesapeake Beach Road West, Dunkirk, MD 20754July 09, 1998Full Service Brick and Mortar
2432274Huntingtown Branch4009 Old Town Road, Huntingtown, MD 20639July 19, 2004Full Service Brick and Mortar
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