The First National Bank of Maryland, D.C. in Washington, District Of Columbia (DC)



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The First National Bank of Maryland, D.C.
GeneralFDIC Certificate #: 27017
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Allfirst Bank (#4822)
Federal Reserve ID: 621423
Date Established: July 20, 1987
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 36459
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: July 20, 1987
Last Structure Change Effective Date: November 12, 1996
Last Structure Change Process Date: November 25, 1996
Last Data Update: November 25, 1996
Data Source Date: April 05, 2012
LocationAddress: 555 13th Street, N.W., Washington, DC 20004
County: District Of Columbia
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): Washington, DC-MD-VA-WV (#8840)
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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
Financial SummaryTotal assets: $68.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$16
Cash and due from depository institutions$47,670
Interest-bearing balances$3,192
Securities$0
Federal funds sold & reverse repurchase agreements$19,770
Net loans & leases$4,800
Loan loss allowance $17,988
Trading account assets$731
Bank premises and fixed assets$0
Other real estate owned$772
Goodwill and other intangibles$274
All other assets$0
Life insurance assets$874
Total liabilities and capital$0
Total liabilities$47,670
Total deposits$43,605
Interest-bearing deposits$42,799
Deposits held in domestic offices$31,325
% insured (estimated)42799.00%
Federal funds purchased & repurchase agreements $71
Trading liabilities$39
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$767
Total bank equity capital$767
Perpetual preferred stock$4,065
Common stock$0
Surplus$1,500
Undivided profits $4,634
Memoranda
Noncurrent loans and leases $-2,069
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $49
Earning assets $155
Long-term assets (5+ years) $42,558
Average Assets, year-to-date $3,952
Average Assets, quarterly $43,417
Volatile liabilities $46,447
Insider loans $9,106
FHLB advances $109
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $5,262
Tier 2 risk-based capital $0
Total risk weighted assets $3,979
Total unused commitments $21,327
Restructured Loans and leases $0
Derivatives$57
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Income and Expense (December 31, 1995)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $2,885
Net interest income $1,284
Provision for loan and lease losses $1,601
Total noninterest income $0
Fiduciary activities $240
Service charges on deposit accounts $0
Trading account gains & fees $155
Additional noninterest income $0
Total noninterest expense $85
Salaries and employee benefits $1,597
Premises and equipment expense $445
Additional noninterest expense $490
Pre-tax net operating income $662
Securities gains (losses) $244
Applicable income taxes $0
Income before extraordinary items $35
Extraordinary gains - net $209
Net income attributable to bank $0
Net charge-offs $209
Cash dividends $2
Sale, conversion, retirement of capital stock, net $0
Net operating income $0
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Performance and Condition Ratios (December 31, 1995)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 7.51%
Net interest margin 3.34%
Noninterest income to earning assets 4.17%
Noninterest expense to earning assets 0.63%
Net operating income to assets 4.16%
Return on assets (ROA) 0.48%
Pretax return on assets 0.48%
Return on equity (ROE) 0.56%
Retained earnings to average equity (YTD only) 5.30%
Net charge-offs to loans 5.30%
Credit loss provision to net charge-offs 0.01%
Efficiency ratio0.00%
Assets per employee$86,746
Cash dividends to net income (YTD only)2.98%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.91%
Noncurrent assets plus other real estate owned to assets 1491.84%
Noncurrent loans to loans 0.68%
Net loans and leases to deposits0.26%
Net loans and leases to core deposits 42.03%
Equity capital to assets 53.33%
Core capital (leverage) ratio 8.53%
Tier 1 risk-based capital ratio 8.87%
Total risk-based capital ratio 18.66%
Memoranda
Average assets$20
Average earning assets$43,417
Average equity $3,943
Average loans $38,394
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