Signet Bank-Maryland in Baltimore, Maryland (MD)



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Signet Bank-Maryland
GeneralFDIC Certificate #: 12679
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Signet Bank (#11589)
Federal Reserve ID: 215420
Date Established: January 01, 1795
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 93 (Interstate: No)
FDIC's unique #: 8042
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: November 01, 1995
Last Structure Change Process Date: December 18, 1995
Last Data Update: December 18, 1995
Data Source Date: April 05, 2012
LocationAddress: 7 St. Paul Street, Baltimore, MD 21203
County: Baltimore City
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): Baltimore, MD (#720)
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): Baltimore-Towson, MD (#12580)
CBSA Metro Statistical Area: Baltimore-Towson, MD (#12580)
Financial SummaryTotal assets: $4,254.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$1,031
Cash and due from depository institutions$3,232,326
Interest-bearing balances$252,055
Securities$14,530
Federal funds sold & reverse repurchase agreements$434,725
Net loans & leases$69,906
Loan loss allowance $2,367,455
Trading account assets$60,211
Bank premises and fixed assets$0
Other real estate owned$35,201
Goodwill and other intangibles$14,391
All other assets$296
Life insurance assets$58,297
Total liabilities and capital$0
Total liabilities$3,232,326
Total deposits$3,017,687
Interest-bearing deposits$2,260,400
Deposits held in domestic offices$1,606,159
% insured (estimated)2253558.00%
Federal funds purchased & repurchase agreements $79
Trading liabilities$641,607
Other borrowed funds $0
Subordinated debt $8,928
All other liabilities $25,000
Total equity capital$81,752
Total bank equity capital$81,752
Perpetual preferred stock$214,639
Common stock$0
Surplus$60,000
Undivided profits $128,000
Memoranda
Noncurrent loans and leases $26,639
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $38,244
Earning assets $20,914
Long-term assets (5+ years) $2,886,616
Average Assets, year-to-date $645,194
Average Assets, quarterly $3,100,105
Volatile liabilities $3,100,546
Insider loans $721,227
FHLB advances $51,182
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $848,179
Tier 2 risk-based capital $0
Total risk weighted assets $216,672
Total unused commitments $1,918,529
Restructured Loans and leases $0
Derivatives$510,000
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Income and Expense (December 31, 1994)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $196,727
Net interest income $68,669
Provision for loan and lease losses $128,058
Total noninterest income $2,196
Fiduciary activities $34,141
Service charges on deposit accounts $0
Trading account gains & fees $25,355
Additional noninterest income $0
Total noninterest expense $8,786
Salaries and employee benefits $132,897
Premises and equipment expense $55,355
Additional noninterest expense $19,386
Pre-tax net operating income $58,156
Securities gains (losses) $27,106
Applicable income taxes $346
Income before extraordinary items $7,335
Extraordinary gains - net $20,117
Net income attributable to bank $0
Net charge-offs $20,117
Cash dividends $12,117
Sale, conversion, retirement of capital stock, net $11,280
Net operating income $0
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Performance and Condition Ratios (December 31, 1994)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.10%
Net interest margin 2.48%
Noninterest income to earning assets 4.62%
Noninterest expense to earning assets 1.23%
Net operating income to assets 4.79%
Return on assets (ROA) 0.64%
Pretax return on assets 0.65%
Return on equity (ROE) 0.89%
Retained earnings to average equity (YTD only) 9.45%
Net charge-offs to loans 4.15%
Credit loss provision to net charge-offs 0.57%
Efficiency ratio18.12%
Assets per employee$81,887
Cash dividends to net income (YTD only)3.14%
Condition Ratios (%)
Loss allowance to loans 56.07%
Loss allowance to noncurrent loans 2.48%
Noncurrent assets plus other real estate owned to assets 157.44%
Noncurrent loans to loans 1.63%
Net loans and leases to deposits1.58%
Net loans and leases to core deposits 104.74%
Equity capital to assets 108.12%
Core capital (leverage) ratio 6.64%
Tier 1 risk-based capital ratio 7.01%
Total risk-based capital ratio 11.29%
Memoranda
Average assets$14
Average earning assets$3,100,105
Average equity $212,969
Average loans $2,771,990
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