St. Michaels Bank in St. Michaels, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 28, 2004

  • St. Michaels Bank in St. Michaels, Maryland (MD)
  • Show street view No street view available for this location

St. Michaels Bank - Overview

  • General
  • FDIC Certificate #: 1575
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile Eastern Shore Bank (#5877)
    Federal Reserve ID: 280624
    Date Established: Febuary 03, 1890
    WWW: http://www.stmichaelsbankmd.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 1032
    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: July 28, 2004
    Last Structure Change Process Date: August 24, 2004
    Last Data Update: August 24, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 213 Talbot Street, St. Michaels, MD 21663
    County: Talbot
    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
    Core Based Statistical Area (CBSA): Easton, MD (#20660)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $261.8 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, 2003)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $245,002Total assets
  • $5,300Cash and due from depository institutions
  • $26Interest-bearing balances
  • $15,367Securities
  • $360Federal funds sold & reverse repurchase agreements
  • $217,409Net loans & leases
  • $3,950Loan loss allowance
  • $0Trading account assets
  • $929Bank premises and fixed assets
  • $0Other real estate owned
  • $171Goodwill and other intangibles
  • $0Life insurance assets
  • $5,466All other assets
  • $245,002Total liabilities and capital
  • $224,227Total liabilities
  • $167,859Total deposits
  • $122,302Interest-bearing deposits
  • $167,859Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $46,296Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $9,200Subordinated debt
  • $872All other liabilities
  • $20,775Total equity capital
  • $20,775Total bank equity capital
  • $20,775Perpetual preferred stock
  • $0Common stock
  • $241Surplus
  • $5,333Undivided profits
  • Memoranda
  • $15,201Noncurrent loans and leases
  • $59,541Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,002Earning assets
  • $0Long-term assets (5+ years)
  • $965Average Assets, year-to-date
  • $233,162Average Assets, quarterly
  • $844Volatile liabilities
  • $225,057Insider loans
  • $237,366FHLB advances
  • $68,908Loans and leases held for sale
  • $5,390Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $59,541Total unused commitments
  • $0Restructured Loans and leases
  • $11,726Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $13,292Total interest income
  • $2,235Total interest expense
  • $11,057Net interest income
  • -$225Provision for loan and lease losses
  • $1,583Total noninterest income
  • $0Fiduciary activities
  • $800Service charges on deposit accounts
  • $0Trading account gains & fees
  • $783Additional noninterest income
  • $4,687Total noninterest expense
  • $2,397Salaries and employee benefits
  • $597Premises and equipment expense
  • $1,693Additional noninterest expense
  • $8,178Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,114Applicable income taxes
  • $5,064Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,064Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $464Sale, conversion, retirement of capital stock, net
  • $5,668Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.22%Yield on earning assets
  • 1.05%Cost of funding earning assets
  • 5.18%Net interest margin
  • 0.74%Noninterest income to earning assets
  • 2.19%Noninterest expense to earning assets
  • 2.25%Net operating income to assets
  • 2.25%Return on assets (ROA)
  • 3.63%Pretax return on assets
  • 23.81%Return on equity (ROE)
  • -2.84%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • -48.49%Credit loss provision to net charge-offs
  • 17.14%Efficiency ratio
  • 37,081Assets per employee
  • 6.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 111.93%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 394.21%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.45%Net loans and leases to deposits
  • 129.52%Net loans and leases to core deposits
  • 149.68%Equity capital to assets
  • 8.48%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 10.23%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $225,057Average earning assets
  • $21,268Average equity
  • $213,568Average loans

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