The Peoples Bank in Chestertown, Maryland (MD)

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The Peoples Bank
GeneralFDIC Certificate #: 12885
Status: Active
Federal Reserve ID: 750127
Bank Holding Company (Regulatory Top Holder): Peoples Bancorp, Inc. (RSSDID: 2531049, Location: Chestertown, MD)
Date Established: October 01, 1910
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 7 (Domestic: 7, Interstate: No)
OTS Docket #: 14724
FDIC's unique #: 8157
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 28, 2006
Last Structure Change Process Date: July 03, 2006
Last Data Update: July 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 100 Spring Avenue, Chestertown, MD 21620
County: Kent
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
History of ChangesCorrections
Name Change
Financial SummaryTotal assets: $252.3 mil
Equity capital: $23.1 mil
Deposits held in domestic offices: $204.3 mil
Return on assets (ROA): -0.79% (-$2.0 mil)
Quarterly return on assets: -1.69% (-$4.3 mil)
Return on Equity (ROE): -7.98% (-$1.8 mil)
Quarterly return on equity: -17.78% (-$4.1 mil)
Net income: -$2.0 mil
Quarterly Net income: -$1.1 mil
Pretax return on assets: -1.37% (-$3,456.8 mil)
Quarterly Pretax return on assets: -2.74% (-$6,913.6 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)66
Total assets$252,321
Cash and due from depository institutions$27,614
Interest-bearing balances$460
Federal funds sold & reverse repurchase agreements$9,018
Net loans & leases$188,876
Loan loss allowance $4,296
Trading account assets$0
Bank premises and fixed assets$5,619
Other real estate owned$4,122
Goodwill and other intangibles$0
All other assets$7,992
Life insurance assets$252,321
Total liabilities and capital$229,251
Total liabilities$204,304
Total deposits$161,899
Interest-bearing deposits$204,304
Deposits held in domestic offices$95
% insured (estimated)2917.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$20,000
Other borrowed funds $0
Subordinated debt $2,030
All other liabilities $23,070
Total equity capital$23,070
Total bank equity capital$23,070
Perpetual preferred stock$0
Common stock$2,920
Undivided profits $16,230
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $9,572
Earning assets $0
Long-term assets (5+ years) $1,088
Average Assets, year-to-date $207,434
Average Assets, quarterly $398
Volatile liabilities $248,102
Insider loans $250,084
FHLB advances $190,851
Loans and leases held for sale $248,461
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $23,622
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $19,727
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,719
Total interest expense $3,185
Net interest income $8,534
Provision for loan and lease losses $6,550
Total noninterest income $1,181
Fiduciary activities $0
Service charges on deposit accounts $1,069
Trading account gains & fees $0
Additional noninterest income $112
Total noninterest expense $6,569
Salaries and employee benefits $3,264
Premises and equipment expense $715
Additional noninterest expense $2,590
Pre-tax net operating income -$3,404
Securities gains (losses) $0
Applicable income taxes -$1,435
Income before extraordinary items -$1,969
Extraordinary gains - net $0
Net income attributable to bank -$1,969
Net charge-offs $0
Cash dividends -$1,969
Sale, conversion, retirement of capital stock, net $7,911
Net operating income $317
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.51%
Cost of funding earning assets 1.50%
Net interest margin 4.01%
Noninterest income to earning assets 0.56%
Noninterest expense to earning assets 3.09%
Net operating income to assets -0.79%
Return on assets (ROA) -0.79%
Pretax return on assets -1.37%
Return on equity (ROE) -7.98%
Retained earnings to average equity (YTD only) -9.27%
Net charge-offs to loans 3.90%
Credit loss provision to net charge-offs 82.80%
Efficiency ratio0.40%
Assets per employee$67,617
Cash dividends to net income (YTD only)3.82%
Condition Ratios (%)
Loss allowance to loans -16.10%
Loss allowance to noncurrent loans 2.22%
Noncurrent assets plus other real estate owned to assets 44.88%
Noncurrent loans to loans 5.43%
Net loans and leases to deposits4.96%
Net loans and leases to core deposits 92.45%
Equity capital to assets 97.61%
Core capital (leverage) ratio 9.14%
Tier 1 risk-based capital ratio 9.51%
Total risk-based capital ratio 12.38%
Average assets$14
Average earning assets$248,102
Average equity $24,673
Average loans $212,725
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7 Maryland Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08157The Peoples Bank100 Spring Avenue, Chestertown, MD 21620October 01, 1910Full Service Brick and Mortar
1228174Rock Hall BranchRoutes 20 And 445, Rock Hall, MD 21661October 01, 1910Full Service Brick and Mortar
2228175Lees Corner BranchRoutes 291 And 213, Chestertown, MD 21620April 02, 1979Full Service Brick and Mortar
3228176Galena BranchRoute 213 And Mill Lane, Galena, MD 21635July 20, 1987Full Service Brick and Mortar
4228177Millington Branch31905 River Road, Millington, MD 21651August 15, 1998Full Service Brick and Mortar
5467328Church Hill Office Branch1005 Sudlersville Road, Church Hill, MD 21623August 09, 2007Full Service Brick and Mortar
6484680Sudlersville Branch228 East Main Street, Sudlersville, MD 21668December 23, 2008Full Service Brick and Mortar
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