Second National Federal Savings Association in Salisbury, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 16, 1994

  • Second National Federal Savings Association in Salisbury, Maryland (MD)
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Second National Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33750
    Status: Inactive
    Closing history: Office Sold
    Acquiring institution: Allfirst Bank (#4822)
    Federal Reserve ID: 517571
    Date Established: December 04, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 10506
    FDIC's unique #: 47957
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 04, 1992
    Last Structure Change Effective Date: September 16, 1994
    Last Structure Change Process Date: September 27, 1994
    Last Data Update: March 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: Route 50 And Phillip Morris Drive, Salisbury, MD 21801
    County: Wicomico
    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
    Combined Statistical Area (CSA): Salisbury-Ocean Pines, MD (#480)
    Core Based Statistical Area (CBSA): Salisbury, MD (#41540)
    CBSA Metro Statistical Area: Salisbury, MD (#41540)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
    Office Sold
  • Financial Summary
  • Total assets: $781.7 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $388Total assets
  • $987,038Cash and due from depository institutions
  • $18,844Interest-bearing balances
  • $14,240Securities
  • $84,947Federal funds sold & reverse repurchase agreements
  • $59,438Net loans & leases
  • $739,989Loan loss allowance
  • $32,031Trading account assets
  • $0Bank premises and fixed assets
  • $12,164Other real estate owned
  • $62,124Goodwill and other intangibles
  • $9,171Life insurance assets
  • $361All other assets
  • $0Total liabilities and capital
  • $987,038Total liabilities
  • $1,035,049Total deposits
  • $632,002Interest-bearing deposits
  • $632,002Deposits held in domestic offices
  • 632002.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $400,013Subordinated debt
  • $0All other liabilities
  • $3,034Total equity capital
  • $3,034Total bank equity capital
  • $-48,011Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-48,011Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $103,667Income earned, not collected on loans
  • $4,792Earning assets
  • $898,614Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $1,238,968Average Assets, quarterly
  • $1,049,781Volatile liabilities
  • $419,937Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,921Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-48,011Total risk weighted assets
  • $639,626Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $86,702Total interest expense
  • $60,332Net interest income
  • $26,370Provision for loan and lease losses
  • $16,804Total noninterest income
  • $3,293Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $3,293Total noninterest expense
  • $56,716Salaries and employee benefits
  • $14,550Premises and equipment expense
  • $6,227Additional noninterest expense
  • $35,939Pre-tax net operating income
  • -$43,857Securities gains (losses)
  • $2,944Applicable income taxes
  • -$16Income before extraordinary items
  • -$40,897Extraordinary gains - net
  • -$16,209Net income attributable to bank
  • -$57,106Net charge-offs
  • $19,370Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.92%Cost of funding earning assets
  • 5.51%Net interest margin
  • 2.41%Noninterest income to earning assets
  • 0.30%Noninterest expense to earning assets
  • 5.18%Net operating income to assets
  • -3.54%Return on assets (ROA)
  • -4.61%Pretax return on assets
  • -4.61%Return on equity (ROE)
  • 354.96%Retained earnings to average equity (YTD only)
  • 354.96%Net charge-offs to loans
  • 2.05%Credit loss provision to net charge-offs
  • 86.75%Efficiency ratio
  • 191,201Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.15%Loss allowance to noncurrent loans
  • 30.90%Noncurrent assets plus other real estate owned to assets
  • 16.80%Noncurrent loans to loans
  • 13.43%Net loans and leases to deposits
  • 117.09%Net loans and leases to core deposits
  • 120.90%Equity capital to assets
  • -4.86%Core capital (leverage) ratio
  • -4.86%Tier 1 risk-based capital ratio
  • -7.51%Total risk-based capital ratio
  • Memoranda
  • -$8Average assets
  • $1,238,968Average earning assets
  • -$16,088Average equity
  • $1,095,255Average loans

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