The Bank of Baltimore in Baltimore, Maryland (MD)



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The Bank of Baltimore
GeneralFDIC Certificate #: 16981
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wachovia Bank, National Association (#33869)
Federal Reserve ID: 210724
Date Established: March 16, 1818
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 41 (Interstate: No)
FDIC's unique #: 11055
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: January 19, 1951
Last Structure Change Effective Date: November 29, 1994
Last Structure Change Process Date: January 24, 1995
Last Data Update: January 24, 1995
Data Source Date: April 05, 2012
LocationAddress: Baltimore And Charles Streets, 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: $2,168.9 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$1,163
Cash and due from depository institutions$2,238,440
Interest-bearing balances$57,087
Securities$10,075
Federal funds sold & reverse repurchase agreements$543,188
Net loans & leases$41,500
Loan loss allowance $1,440,355
Trading account assets$38,684
Bank premises and fixed assets$0
Other real estate owned$31,013
Goodwill and other intangibles$47,393
All other assets$10,238
Life insurance assets$67,666
Total liabilities and capital$0
Total liabilities$2,238,440
Total deposits$2,076,741
Interest-bearing deposits$1,982,785
Deposits held in domestic offices$1,825,781
% insured (estimated)1982785.00%
Federal funds purchased & repurchase agreements $99
Trading liabilities$60,980
Other borrowed funds $0
Subordinated debt $12,476
All other liabilities $0
Total equity capital$20,500
Total bank equity capital$20,500
Perpetual preferred stock$161,699
Common stock$0
Surplus$23,604
Undivided profits $102,971
Memoranda
Noncurrent loans and leases $35,124
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $45,311
Earning assets $9,136
Long-term assets (5+ years) $2,035,118
Average Assets, year-to-date $351,011
Average Assets, quarterly $2,328,538
Volatile liabilities $2,280,037
Insider loans $130,287
FHLB advances $59
Loans and leases held for sale $0
Unused loan commitments $167,336
Tier 1 (core) risk-based capital $843,971
Tier 2 risk-based capital $0
Total risk weighted assets $161,013
Total unused commitments $1,653,460
Restructured Loans and leases $0
Derivatives$200,000
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $171,928
Net interest income $75,779
Provision for loan and lease losses $96,149
Total noninterest income $22,000
Fiduciary activities $41,937
Service charges on deposit accounts $0
Trading account gains & fees $7,686
Additional noninterest income $12
Total noninterest expense $34,239
Salaries and employee benefits $119,688
Premises and equipment expense $46,922
Additional noninterest expense $16,916
Pre-tax net operating income $55,848
Securities gains (losses) -$3,600
Applicable income taxes $10,408
Income before extraordinary items -$2,758
Extraordinary gains - net $9,566
Net income attributable to bank $0
Net charge-offs $9,566
Cash dividends $49,215
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.21%
Net interest margin 3.62%
Noninterest income to earning assets 4.59%
Noninterest expense to earning assets 2.00%
Net operating income to assets 5.72%
Return on assets (ROA) -0.04%
Pretax return on assets 0.41%
Return on equity (ROE) 0.29%
Retained earnings to average equity (YTD only) 6.35%
Net charge-offs to loans 6.35%
Credit loss provision to net charge-offs 3.23%
Efficiency ratio44.70%
Assets per employee$79,494
Cash dividends to net income (YTD only)1.92%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.62%
Noncurrent assets plus other real estate owned to assets 85.37%
Noncurrent loans to loans 4.14%
Net loans and leases to deposits3.06%
Net loans and leases to core deposits 72.64%
Equity capital to assets 75.22%
Core capital (leverage) ratio 7.22%
Tier 1 risk-based capital ratio 7.10%
Total risk-based capital ratio 9.74%
Memoranda
Average assets$11
Average earning assets$2,328,538
Average equity $150,741
Average loans $2,094,137
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