Revere Bank in Laurel, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches


Revere Bank - Overview

  • General
  • FDIC Certificate #: 58640
    Status: Active
    Federal Reserve ID: 3610567
    Date Established: November 20, 2007
    WWW: http://www.reverebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 460985
    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: Commercial Lending Specialization
    Date of Deposit Insurance: November 20, 2007
    Last Structure Change Effective Date: April 09, 2008
    Last Structure Change Process Date: April 09, 2008
    Last Data Update: April 09, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 319 Main Street, Laurel, MD 20707
    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 Changes
  • Corrections
  • Financial Summary
  • Total assets: $267.9 mil
    Equity capital: $26.6 mil
    Deposits held in domestic offices: $229.5 mil
    Return on assets (ROA): 0.15% ($0.4 mil)
    Quarterly return on assets: 0.17% ($0.5 mil)
    Return on Equity (ROE): 1.45% ($0.4 mil)
    Quarterly return on equity: 1.60% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.15% ($401.8 mil)
    Quarterly Pretax return on assets: 0.17% ($455.4 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
  • 47Total employees (full-time equivalent)
  • $267,891Total assets
  • $7,227Cash and due from depository institutions
  • $1,186Interest-bearing balances
  • $37,726Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $219,395Net loans & leases
  • $2,857Loan loss allowance
  • $0Trading account assets
  • $1,766Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $267,891Life insurance assets
  • $1,777All other assets
  • $241,315Total liabilities and capital
  • $229,518Total liabilities
  • $198,173Total deposits
  • $229,518Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,000Trading liabilities
  • $0Other borrowed funds
  • $797Subordinated debt
  • $26,576All other liabilities
  • $26,576Total equity capital
  • $26,576Total bank equity capital
  • $0Perpetual preferred stock
  • $15,730Common stock
  • $17,067Surplus
  • $-6,221Undivided 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
  • $823Long-term assets (5+ years)
  • $258,307Average Assets, year-to-date
  • $82,146Average Assets, quarterly
  • $217,026Volatile liabilities
  • $253,573Insider loans
  • $223,325FHLB advances
  • $251,176Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,900Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $49,125Restructured Loans and leases
  • $9,003Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,385Total interest income
  • $2,586Total interest expense
  • $7,799Net interest income
  • $1,127Provision for loan and lease losses
  • $247Total noninterest income
  • $0Fiduciary activities
  • $83Service charges on deposit accounts
  • $0Trading account gains & fees
  • $164Additional noninterest income
  • $6,598Total noninterest expense
  • $4,076Salaries and employee benefits
  • $964Premises and equipment expense
  • $1,558Additional noninterest expense
  • $321Pre-tax net operating income
  • $6Securities gains (losses)
  • $0Applicable income taxes
  • $327Income before extraordinary items
  • $0Extraordinary gains - net
  • $327Net income attributable to bank
  • $0Net charge-offs
  • $327Cash dividends
  • -$21Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.23%Cost of funding earning assets
  • 3.72%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 0.15%Net operating income to assets
  • 0.15%Return on assets (ROA)
  • 0.15%Pretax return on assets
  • 1.45%Return on equity (ROE)
  • 1.45%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -5366.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 82,003Assets per employee
  • 5.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%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
  • 95.59%Net loans and leases to core deposits
  • 116.68%Equity capital to assets
  • 9.92%Core capital (leverage) ratio
  • 10.31%Tier 1 risk-based capital ratio
  • 11.60%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $217,026Average earning assets
  • $22,554Average equity
  • $209,697Average loans

List of branches

  • 3 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0460985Revere Bank319 Main Street, Laurel, MD 20707November 20, 2007Full Service Brick and Mortar
    1493022Rockville Branch414 Hungerford Drive, Rockville, MD 20850June 23, 2009Full Service Brick and Mortar
    2526958Sp Gateway8529 Veteran's Highway, Millersville, MD 21108November 04, 2011Full Service Brick and Mortar

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