Revere Bank in Laurel, Maryland (MD)



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Revere Bank routing number info

Table of contents:
Revere Bank
GeneralFDIC 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
LocationAddress: 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 ChangesCorrections
Financial SummaryTotal 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)
Total employees (full-time equivalent)47
Total assets$267,891
Cash and due from depository institutions$7,227
Interest-bearing balances$1,186
Securities$37,726
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$219,395
Loan loss allowance $2,857
Trading account assets$0
Bank premises and fixed assets$1,766
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,777
Life insurance assets$267,891
Total liabilities and capital$241,315
Total liabilities$229,518
Total deposits$198,173
Interest-bearing deposits$229,518
Deposits held in domestic offices$84
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$11,000
Other borrowed funds $0
Subordinated debt $797
All other liabilities $26,576
Total equity capital$26,576
Total bank equity capital$26,576
Perpetual preferred stock$0
Common stock$15,730
Surplus$17,067
Undivided profits $-6,221
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 $0
Earning assets $0
Long-term assets (5+ years) $823
Average Assets, year-to-date $258,307
Average Assets, quarterly $82,146
Volatile liabilities $217,026
Insider loans $253,573
FHLB advances $223,325
Loans and leases held for sale $251,176
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $25,900
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $49,125
Derivatives$9,003
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,385
Total interest expense $2,586
Net interest income $7,799
Provision for loan and lease losses $1,127
Total noninterest income $247
Fiduciary activities $0
Service charges on deposit accounts $83
Trading account gains & fees $0
Additional noninterest income $164
Total noninterest expense $6,598
Salaries and employee benefits $4,076
Premises and equipment expense $964
Additional noninterest expense $1,558
Pre-tax net operating income $321
Securities gains (losses) $6
Applicable income taxes $0
Income before extraordinary items $327
Extraordinary gains - net $0
Net income attributable to bank $327
Net charge-offs $0
Cash dividends $327
Sale, conversion, retirement of capital stock, net -$21
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.95%
Cost of funding earning assets 1.23%
Net interest margin 3.72%
Noninterest income to earning assets 0.12%
Noninterest expense to earning assets 3.15%
Net operating income to assets 0.15%
Return on assets (ROA) 0.15%
Pretax return on assets 0.15%
Return on equity (ROE) 1.45%
Retained earnings to average equity (YTD only) 1.45%
Net charge-offs to loans -0.01%
Credit loss provision to net charge-offs -5366.67%
Efficiency ratio0.00%
Assets per employee$82,003
Cash dividends to net income (YTD only)5.70%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.29%
Noncurrent assets plus other real estate owned to assets 0.00%
Noncurrent loans to loans 0.00%
Net loans and leases to deposits0.00%
Net loans and leases to core deposits 95.59%
Equity capital to assets 116.68%
Core capital (leverage) ratio 9.92%
Tier 1 risk-based capital ratio 10.31%
Total risk-based capital ratio 11.60%
Memoranda
Average assets$13
Average earning assets$217,026
Average equity $22,554
Average loans $209,697
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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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