The Forest Hill State Bank in Bel Air, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 28, 2004

  • The Forest Hill State Bank in Bel Air, Maryland (MD)
  • Show street view No street view available for this location

The Forest Hill State Bank - Overview

  • General
  • FDIC Certificate #: 809
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile County Bank (#13779)
    Federal Reserve ID: 615329
    Date Established: March 13, 1914
    WWW: http://www.foresthillbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 510
    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 27, 2004
    Last Data Update: August 27, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 130 South Bond Street, Bel Air, MD 21014
    County: Harford
    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 Summary
  • Total assets: $392.9 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
  • 98Total employees (full-time equivalent)
  • $378,660Total assets
  • $12,097Cash and due from depository institutions
  • $0Interest-bearing balances
  • $66,397Securities
  • $1,151Federal funds sold & reverse repurchase agreements
  • $290,997Net loans & leases
  • $4,441Loan loss allowance
  • $0Trading account assets
  • $2,811Bank premises and fixed assets
  • $0Other real estate owned
  • $468Goodwill and other intangibles
  • $0Life insurance assets
  • $4,739All other assets
  • $378,660Total liabilities and capital
  • $345,036Total liabilities
  • $292,134Total deposits
  • $203,630Interest-bearing deposits
  • $292,134Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $38,187Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $13,500Subordinated debt
  • $1,215All other liabilities
  • $33,624Total equity capital
  • $33,624Total bank equity capital
  • $33,624Perpetual preferred stock
  • $0Common stock
  • $891Surplus
  • $9,042Undivided profits
  • Memoranda
  • $23,691Noncurrent loans and leases
  • $64,568Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $283Earning assets
  • $0Long-term assets (5+ years)
  • $1,689Average Assets, year-to-date
  • $358,545Average Assets, quarterly
  • $42,071Volatile liabilities
  • $358,625Insider loans
  • $376,052FHLB advances
  • $53,057Loans and leases held for sale
  • $5,557Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $64,568Total unused commitments
  • $0Restructured Loans and leases
  • $17,211Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $20,718Total interest income
  • $3,633Total interest expense
  • $17,085Net interest income
  • $330Provision for loan and lease losses
  • $1,930Total noninterest income
  • $0Fiduciary activities
  • $1,123Service charges on deposit accounts
  • $0Trading account gains & fees
  • $807Additional noninterest income
  • $7,925Total noninterest expense
  • $4,461Salaries and employee benefits
  • $976Premises and equipment expense
  • $2,488Additional noninterest expense
  • $10,760Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,877Applicable income taxes
  • $6,883Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,883Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $585Sale, conversion, retirement of capital stock, net
  • $8,370Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.08%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 5.01%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.32%Noninterest expense to earning assets
  • 1.92%Net operating income to assets
  • 1.92%Return on assets (ROA)
  • 3.00%Pretax return on assets
  • 19.59%Return on equity (ROE)
  • -4.23%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 56.41%Credit loss provision to net charge-offs
  • 18.96%Efficiency ratio
  • 41,678Assets per employee
  • 3.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 121.60%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 1569.26%Noncurrent assets plus other real estate owned to assets
  • 0.07%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 99.61%Net loans and leases to core deposits
  • 104.95%Equity capital to assets
  • 8.88%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 10.98%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $358,625Average earning assets
  • $35,135Average equity
  • $341,008Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The Forest Hill State Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents