The Peoples Bank of Elkton in Elkton, Maryland (MD)
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| The Peoples Bank of Elkton | |
|---|---|
| General | FDIC Certificate #: 9700 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: The Columbia Bank (#27244) Federal Reserve ID: 613222 Date Established: January 01, 1923 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 10843 FDIC's unique #: 6206 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: August 15, 2009 Last Structure Change Process Date: September 28, 2009 Last Data Update: September 28, 2009 Data Source Date: April 05, 2012 |
| Location | Address: 130 North Street, Elkton, MD 21921 County: Cecil 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): Wilmington-Newark, DE-MD (#9160) Consolidated Metropolitan Statistical Area (CMSA): Philadelphia-Wilmington-Atlantic City, PA-NJ-DE-MD (#77) Combined Statistical Area (CSA): Philadelphia-Camden-Vineland, PA-NJ-DE-MD (#428) Core Based Statistical Area (CBSA): Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) CBSA Metro Statistical Area: Philadelphia-Camden-Wilmington, PA-NJ-DE-MD (#37980) Core Based Statistical Division: Wilmington, DE-MD-NJ (#48864) |
| Financial Summary | Total assets: $148.3 mil |
| Assets and Liabilities (December 31, 2008) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 22 |
| Total assets | $139,900 |
| Cash and due from depository institutions | $2,088 |
| Interest-bearing balances | $74 |
| Securities | $45,067 |
| Federal funds sold & reverse repurchase agreements | $10,517 |
| Net loans & leases | $78,513 |
| Loan loss allowance | $1,369 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,425 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $105 |
| All other assets | $1,185 |
| Life insurance assets | $0 |
| Total liabilities and capital | $139,900 |
| Total liabilities | $131,260 |
| Total deposits | $123,035 |
| Interest-bearing deposits | $105,718 |
| Deposits held in domestic offices | $123,035 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $7,225 |
| Subordinated debt | $0 |
| All other liabilities | $1,000 |
| Total equity capital | $8,640 |
| Total bank equity capital | $8,640 |
| Perpetual preferred stock | $8,640 |
| Common stock | $0 |
| Surplus | $2,306 |
| Undivided profits | $2,306 |
| Memoranda | |
| Noncurrent loans and leases | $4,028 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $16,864 |
| Income earned, not collected on loans | $0 |
| Earning assets | $699 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $498 |
| Average Assets, quarterly | $134,171 |
| Volatile liabilities | $46,869 |
| Insider loans | $127,386 |
| FHLB advances | $134,235 |
| Loans and leases held for sale | $34,595 |
| Unused loan commitments | $1,785 |
| Tier 1 (core) risk-based capital | $2,000 |
| Tier 2 risk-based capital | $2,267 |
| Total risk weighted assets | $80 |
| Total unused commitments | $16,864 |
| Restructured Loans and leases | $0 |
| Derivatives | $1,017 |
| Income and Expense (December 31, 2008) (Dollar figures in thousands) | |
| Total interest income | $7,121 |
| Total interest expense | $2,431 |
| Net interest income | $4,690 |
| Provision for loan and lease losses | $0 |
| Total noninterest income | $1,686 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $939 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $747 |
| Total noninterest expense | $3,187 |
| Salaries and employee benefits | $1,176 |
| Premises and equipment expense | $366 |
| Additional noninterest expense | $1,645 |
| Pre-tax net operating income | $3,189 |
| Securities gains (losses) | $89 |
| Applicable income taxes | $996 |
| Income before extraordinary items | $2,282 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,282 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $64 |
| Net operating income | $1,665 |
| Performance and Condition Ratios (December 31, 2008) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.90% |
| Cost of funding earning assets | 2.01% |
| Net interest margin | 3.89% |
| Noninterest income to earning assets | 1.40% |
| Noninterest expense to earning assets | 2.64% |
| Net operating income to assets | 1.74% |
| Return on assets (ROA) | 1.79% |
| Pretax return on assets | 2.57% |
| Return on equity (ROE) | 28.81% |
| Retained earnings to average equity (YTD only) | 7.79% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 0.00% |
| Efficiency ratio | 49.83% |
| Assets per employee | $49,984 |
| Cash dividends to net income (YTD only) | 6.36% |
| Condition Ratios (%) | |
| Loss allowance to loans | 72.96% |
| Loss allowance to noncurrent loans | 1.71% |
| Noncurrent assets plus other real estate owned to assets | 195.85% |
| Noncurrent loans to loans | 0.50% |
| Net loans and leases to deposits | 0.88% |
| Net loans and leases to core deposits | 63.81% |
| Equity capital to assets | 83.82% |
| Core capital (leverage) ratio | 6.18% |
| Tier 1 risk-based capital ratio | 5.96% |
| Total risk-based capital ratio | 9.77% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $127,386 |
| Average equity | $7,922 |
| Average loans | $120,646 |
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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.