The Union National Bank of Westminster in city_name, state_name

The Union National Bank of Westminster in Westminster, Maryland (MD)
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The Union National Bank of Westminster - Overview

General
FDIC Certificate #: 4875
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Westminster Union Bank (#12884)
Federal Reserve ID: 101925
Date Established: April 20, 1816
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 10 (Interstate: No)
OTS Docket #: 11648
FDIC's unique #: 3244
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 14, 2000
Last Structure Change Process Date: August 16, 2000
Last Data Update: August 16, 2000
Data Source Date: April 05, 2012
Location
Address: 117 East Main Street, Westminster, MD 21157
County: Carroll
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: $305.2 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
118Total employees (full-time equivalent)
$302,924Total assets
$7,520Cash and due from depository institutions
$24Interest-bearing balances
$104,499Securities
$800Federal funds sold & reverse repurchase agreements
$177,928Net loans & leases
$1,793Loan loss allowance
$0Trading account assets
$4,059Bank premises and fixed assets
$0Other real estate owned
$2,205Goodwill and other intangibles
$0Life insurance assets
$5,913All other assets
$302,924Total liabilities and capital
$278,360Total liabilities
$232,866Total deposits
$204,730Interest-bearing deposits
$232,866Deposits held in domestic offices
0.00%% insured (estimated)
$16,269Federal funds purchased & repurchase agreements
$0Trading liabilities
$27,000Other borrowed funds
$0Subordinated debt
$2,225All other liabilities
$24,564Total equity capital
$24,564Total bank equity capital
$24,564Perpetual preferred stock
$0Common stock
$1,000Surplus
$10,403Undivided profits
Memoranda
$13,161Noncurrent loans and leases
$23,623Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$262Earning assets
$15Long-term assets (5+ years)
$999Average Assets, year-to-date
$283,251Average Assets, quarterly
$126,612Volatile liabilities
$299,178Insider loans
$305,938FHLB advances
$40,878Loans and leases held for sale
$4,535Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$23,623Total unused commitments
$3,846Restructured Loans and leases
$1,836Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$21,427Total interest income
$10,232Total interest expense
$11,195Net interest income
$255Provision for loan and lease losses
$2,500Total noninterest income
$0Fiduciary activities
$1,261Service charges on deposit accounts
$0Trading account gains & fees
$1,239Additional noninterest income
$9,005Total noninterest expense
$5,086Salaries and employee benefits
$1,650Premises and equipment expense
$2,269Additional noninterest expense
$4,435Pre-tax net operating income
$0Securities gains (losses)
$1,230Applicable income taxes
$3,205Income before extraordinary items
$0Extraordinary gains - net
$3,205Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$235Sale, conversion, retirement of capital stock, net
$888Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.60%Yield on earning assets
3.63%Cost of funding earning assets
3.97%Net interest margin
0.89%Noninterest income to earning assets
3.19%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.48%Pretax return on assets
13.71%Return on equity (ROE)
9.91%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
108.51%Credit loss provision to net charge-offs
19.96%Efficiency ratio
65,367Assets per employee
2.57%Cash dividends to net income (YTD only)
Condition Ratios (%)
27.71%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
684.35%Noncurrent assets plus other real estate owned to assets
0.09%Noncurrent loans to loans
0.15%Net loans and leases to deposits
76.41%Net loans and leases to core deposits
84.62%Equity capital to assets
8.11%Core capital (leverage) ratio
8.06%Tier 1 risk-based capital ratio
12.48%Total risk-based capital ratio
Memoranda
$13Average assets
$299,178Average earning assets
$23,374Average equity
$281,870Average loans

The Union National Bank of Westminster in Westminster, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Union National Bank of Westminster - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

The Union National Bank of Westminster in Westminster, Maryland (MD)Overview, Financial Summary, Detailed Financial Reports, Branches

The Union National Bank of Westminster - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

The Union National Bank of Westminster in Westminster, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches