The Peoples Bank of Elkton in Elkton, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 15, 2009

  • The Peoples Bank of Elkton in Elkton, Maryland (MD)
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The Peoples Bank of Elkton - Overview

  • 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

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, 2008)

  • Dollar figures in thousands
  • 22Total employees (full-time equivalent)
  • $139,900Total assets
  • $2,088Cash and due from depository institutions
  • $74Interest-bearing balances
  • $45,067Securities
  • $10,517Federal funds sold & reverse repurchase agreements
  • $78,513Net loans & leases
  • $1,369Loan loss allowance
  • $0Trading account assets
  • $2,425Bank premises and fixed assets
  • $0Other real estate owned
  • $105Goodwill and other intangibles
  • $0Life insurance assets
  • $1,185All other assets
  • $139,900Total liabilities and capital
  • $131,260Total liabilities
  • $123,035Total deposits
  • $105,718Interest-bearing deposits
  • $123,035Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $7,225Other borrowed funds
  • $0Subordinated debt
  • $1,000All other liabilities
  • $8,640Total equity capital
  • $8,640Total bank equity capital
  • $8,640Perpetual preferred stock
  • $0Common stock
  • $2,306Surplus
  • $2,306Undivided profits
  • Memoranda
  • $4,028Noncurrent loans and leases
  • $16,864Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $699Earning assets
  • $0Long-term assets (5+ years)
  • $498Average Assets, year-to-date
  • $134,171Average Assets, quarterly
  • $46,869Volatile liabilities
  • $127,386Insider loans
  • $134,235FHLB advances
  • $34,595Loans and leases held for sale
  • $1,785Unused loan commitments
  • $2,000Tier 1 (core) risk-based capital
  • $2,267Tier 2 risk-based capital
  • $80Total risk weighted assets
  • $16,864Total unused commitments
  • $0Restructured Loans and leases
  • $1,017Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $7,121Total interest income
  • $2,431Total interest expense
  • $4,690Net interest income
  • $0Provision for loan and lease losses
  • $1,686Total noninterest income
  • $0Fiduciary activities
  • $939Service charges on deposit accounts
  • $0Trading account gains & fees
  • $747Additional noninterest income
  • $3,187Total noninterest expense
  • $1,176Salaries and employee benefits
  • $366Premises and equipment expense
  • $1,645Additional noninterest expense
  • $3,189Pre-tax net operating income
  • $89Securities gains (losses)
  • $996Applicable income taxes
  • $2,282Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,282Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $64Sale, conversion, retirement of capital stock, net
  • $1,665Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.90%Yield on earning assets
  • 2.01%Cost of funding earning assets
  • 3.89%Net interest margin
  • 1.40%Noninterest income to earning assets
  • 2.64%Noninterest expense to earning assets
  • 1.74%Net operating income to assets
  • 1.79%Return on assets (ROA)
  • 2.57%Pretax return on assets
  • 28.81%Return on equity (ROE)
  • 7.79%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 49.83%Efficiency ratio
  • 49,984Assets per employee
  • 6.36%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.96%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 195.85%Noncurrent assets plus other real estate owned to assets
  • 0.50%Noncurrent loans to loans
  • 0.88%Net loans and leases to deposits
  • 63.81%Net loans and leases to core deposits
  • 83.82%Equity capital to assets
  • 6.18%Core capital (leverage) ratio
  • 5.96%Tier 1 risk-based capital ratio
  • 9.77%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $127,386Average earning assets
  • $7,922Average equity
  • $120,646Average loans

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