FDIC Certificate #: 5862 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Peninsula Bank (#14874) Federal Reserve ID: 813929 Date Established: January 01, 1911 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 7 (Interstate: No) OTS Docket #: 14655 FDIC's unique #: 4005 Numeric code: 21 Regulator: FDIC 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: December 01, 2000 Last Structure Change Process Date: December 28, 2000 Last Data Update: December 28, 2000 Data Source Date: April 05, 2012
Location
Address: 109 East Main Street, Fruitland, MD 21826 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)
Financial Summary
Total assets: $134.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
85Total employees (full-time equivalent)
$145,251Total assets
$12,620Cash and due from depository institutions
$2,981Interest-bearing balances
$17,420Securities
$238Federal funds sold & reverse repurchase agreements
$110,462Net loans & leases
$1,104Loan loss allowance
$0Trading account assets
$2,704Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,807All other assets
$145,251Total liabilities and capital
$131,440Total liabilities
$118,761Total deposits
$99,125Interest-bearing deposits
$118,761Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$12,000Other borrowed funds
$0Subordinated debt
$679All other liabilities
$13,811Total equity capital
$13,811Total bank equity capital
$13,811Perpetual preferred stock
$0Common stock
$2,200Surplus
$6,150Undivided profits
Memoranda
$5,461Noncurrent loans and leases
$15,025Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$799Earning assets
$0Long-term assets (5+ years)
$638Average Assets, year-to-date
$131,101Average Assets, quarterly
$51,622Volatile liabilities
$139,316Insider loans
$147,792FHLB advances
$13,128Loans and leases held for sale
$8,505Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,479Total risk weighted assets
$15,025Total unused commitments
$0Restructured Loans and leases
$1,104Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$11,116Total interest income
$4,858Total interest expense
$6,258Net interest income
$490Provision for loan and lease losses
$1,789Total noninterest income
$0Fiduciary activities
$449Service charges on deposit accounts
$0Trading account gains & fees
$1,340Additional noninterest income
$5,281Total noninterest expense
$3,017Salaries and employee benefits
$754Premises and equipment expense
$1,510Additional noninterest expense
$2,276Pre-tax net operating income
$0Securities gains (losses)
$840Applicable income taxes
$1,436Income before extraordinary items
$0Extraordinary gains - net
$1,436Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$352Sale, conversion, retirement of capital stock, net
$704Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.57%Yield on earning assets
3.75%Cost of funding earning assets
4.83%Net interest margin
1.38%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.63%Pretax return on assets
10.43%Return on equity (ROE)
5.31%Retained earnings to average equity (YTD only)
0.33%Net charge-offs to loans
139.20%Credit loss provision to net charge-offs
7.86%Efficiency ratio
65,627Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.03%Loss allowance to loans
0.99%Loss allowance to noncurrent loans
138.17%Noncurrent assets plus other real estate owned to assets
0.55%Noncurrent loans to loans
0.72%Net loans and leases to deposits
93.01%Net loans and leases to core deposits
100.76%Equity capital to assets
9.51%Core capital (leverage) ratio
9.43%Tier 1 risk-based capital ratio
14.04%Total risk-based capital ratio
Memoranda
$15Average assets
$139,316Average earning assets
$13,773Average equity
$129,697Average loans
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