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

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

  • General
  • FDIC Certificate #: 8816
    Status: Active
    Federal Reserve ID: 429021
    Bank Holding Company (Regulatory Top Holder): Queenstown Bancorp Of Maryland, Inc. (RSSDID: 2618614, Location: Queenstown, MD)
    Date Established: January 01, 1899
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 14071
    FDIC's unique #: 5617
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 7101 Main Street, Queenstown, MD 21658
    County: Queen Anne's
    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)
  • History of Changes
  • Corrections
    Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $447.8 mil
    Equity capital: $43.2 mil
    Deposits held in domestic offices: $401.4 mil
    Return on assets (ROA): 0.24% ($1.1 mil)
    Quarterly return on assets: -0.26% (-$1.2 mil)
    Return on Equity (ROE): 2.50% ($1.1 mil)
    Quarterly return on equity: -2.70% (-$1.2 mil)
    Net income: $1.1 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: 0.33% ($1,477.8 mil)
    Quarterly Pretax return on assets: -0.50% (-$2,239.1 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
  • 103Total employees (full-time equivalent)
  • $447,828Total assets
  • $36,871Cash and due from depository institutions
  • $25,810Interest-bearing balances
  • $13,567Securities
  • $74Federal funds sold & reverse repurchase agreements
  • $378,511Net loans & leases
  • $4,974Loan loss allowance
  • $0Trading account assets
  • $5,302Bank premises and fixed assets
  • $2,382Other real estate owned
  • $0Goodwill and other intangibles
  • $447,828Life insurance assets
  • $11,121All other assets
  • $404,645Total liabilities and capital
  • $401,364Total liabilities
  • $324,791Total deposits
  • $401,364Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,000Trading liabilities
  • $0Other borrowed funds
  • $1,281Subordinated debt
  • $43,183All other liabilities
  • $43,183Total equity capital
  • $43,183Total bank equity capital
  • $0Perpetual preferred stock
  • $3,557Common stock
  • $3,557Surplus
  • $36,069Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $13,823Income earned, not collected on loans
  • $0Earning assets
  • $1,688Long-term assets (5+ years)
  • $417,962Average Assets, year-to-date
  • $110,882Average Assets, quarterly
  • $450,522Volatile liabilities
  • $449,672Insider loans
  • $356,015FHLB advances
  • $450,986Loans and leases held for sale
  • $5,005Unused loan commitments
  • $2,817Tier 1 (core) risk-based capital
  • $42,780Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,188Total unused commitments
  • $30,634Restructured Loans and leases
  • $13,307Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,212Total interest income
  • $5,857Total interest expense
  • $16,355Net interest income
  • $6,070Provision for loan and lease losses
  • $468Total noninterest income
  • $0Fiduciary activities
  • $646Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$178Additional noninterest income
  • $9,249Total noninterest expense
  • $5,189Salaries and employee benefits
  • $1,056Premises and equipment expense
  • $3,004Additional noninterest expense
  • $1,504Pre-tax net operating income
  • $0Securities gains (losses)
  • $429Applicable income taxes
  • $1,075Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,075Net income attributable to bank
  • $0Net charge-offs
  • $1,075Cash dividends
  • $6,187Sale, conversion, retirement of capital stock, net
  • $314Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.31%Yield on earning assets
  • 1.40%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.21%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.50%Return on equity (ROE)
  • 1.77%Retained earnings to average equity (YTD only)
  • 1.60%Net charge-offs to loans
  • 98.11%Credit loss provision to net charge-offs
  • 1.22%Efficiency ratio
  • 54,978Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 29.21%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 35.98%Noncurrent assets plus other real estate owned to assets
  • 3.62%Noncurrent loans to loans
  • 3.60%Net loans and leases to deposits
  • 94.31%Net loans and leases to core deposits
  • 106.57%Equity capital to assets
  • 9.64%Core capital (leverage) ratio
  • 9.49%Tier 1 risk-based capital ratio
  • 12.02%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $450,522Average earning assets
  • $43,083Average equity
  • $417,999Average loans

List of branches

  • 8 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05617The Queenstown Bank Of Maryland7101 Main Street, Queenstown, MD 21658January 01, 1899Full Service Brick and Mortar
    1219039Grasonville BranchU.S. 50 And Maryland 18, Grasonville, MD 21638March 27, 1962Full Service Brick and Mortar
    2219040Chester BranchCastle Marina Road And U.S. Routes 50-301, Chester, MD 21619May 12, 1980Full Service Brick and Mortar
    4219042Stevensville BranchRoutes 8 And 18, Stevensville, MD 21666April 17, 1997Full Service Brick and Mortar
    5219043Centreville BranchRoute 213 And Coursevall Drive, Centreville, MD 21617January 15, 1999Full Service Brick and Mortar
    6358293Easton Branch274 North Washington Street, Easton, MD 21601June 15, 2000Full Service Brick and Mortar
    7492899Ridgely Branch204a East 6th Street, Ridgely, MD 21660March 17, 2009Full Service Brick and Mortar
    8510897Church Hill Branch406 Main Street, Church Hill, MD 21623March 15, 2010Full Service Brick and Mortar

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