The Washington Savings Bank, FSB in Bowie, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Washington Savings Bank, FSB in Bowie, Maryland (MD)
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The Washington Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 32351
    Status: Active
    Federal Reserve ID: 353470
    Date Established: November 01, 1982
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 8173
    FDIC's unique #: 45185
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 28, 1985
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 4201 Mitchellville Road, Suite 200, Bowie, MD 20716
    County: Prince George'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): Washington, DC-MD-VA-WV (#8840)
    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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $384.0 mil
    Equity capital: $51.4 mil
    Deposits held in domestic offices: $247.5 mil
    Return on assets (ROA): 0.38% ($1.5 mil)
    Quarterly return on assets: 0.36% ($1.4 mil)
    Return on Equity (ROE): 2.99% ($1.5 mil)
    Quarterly return on equity: 2.65% ($1.4 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 0.61% ($2,342.5 mil)
    Quarterly Pretax return on assets: 0.61% ($2,342.5 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
  • 105Total employees (full-time equivalent)
  • $384,011Total assets
  • $730Cash and due from depository institutions
  • $492Interest-bearing balances
  • $124,759Securities
  • $3,964Federal funds sold & reverse repurchase agreements
  • $215,874Net loans & leases
  • $3,189Loan loss allowance
  • $0Trading account assets
  • $4,807Bank premises and fixed assets
  • $4,821Other real estate owned
  • $0Goodwill and other intangibles
  • $384,011Life insurance assets
  • $29,056All other assets
  • $332,585Total liabilities and capital
  • $247,516Total liabilities
  • $237,971Total deposits
  • $247,516Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $84,000Trading liabilities
  • $0Other borrowed funds
  • $1,069Subordinated debt
  • $51,426All other liabilities
  • $51,426Total equity capital
  • $51,426Total bank equity capital
  • $0Perpetual preferred stock
  • $7,597Common stock
  • $8,573Surplus
  • $35,256Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,634Income earned, not collected on loans
  • $189Earning assets
  • $1,713Long-term assets (5+ years)
  • $345,089Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $390,603Volatile liabilities
  • $381,196Insider loans
  • $221,953FHLB advances
  • $375,560Loans and leases held for sale
  • $12,369Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $43,580Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,160Restructured Loans and leases
  • $5,315Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,338Total interest income
  • $6,016Total interest expense
  • $12,322Net interest income
  • $200Provision for loan and lease losses
  • $2,811Total noninterest income
  • $0Fiduciary activities
  • $277Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,534Additional noninterest income
  • $13,127Total noninterest expense
  • $7,275Salaries and employee benefits
  • $2,263Premises and equipment expense
  • $3,589Additional noninterest expense
  • $1,806Pre-tax net operating income
  • $562Securities gains (losses)
  • $872Applicable income taxes
  • $1,496Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,496Net income attributable to bank
  • $0Net charge-offs
  • $1,496Cash dividends
  • $1,538Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.25%Yield on earning assets
  • 1.72%Cost of funding earning assets
  • 3.53%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.76%Noninterest expense to earning assets
  • 0.29%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 2.99%Return on equity (ROE)
  • 2.99%Retained earnings to average equity (YTD only)
  • 0.66%Net charge-offs to loans
  • 13.00%Credit loss provision to net charge-offs
  • 1.30%Efficiency ratio
  • 86,744Assets per employee
  • 3.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.46%Loss allowance to noncurrent loans
  • 29.99%Noncurrent assets plus other real estate owned to assets
  • 4.02%Noncurrent loans to loans
  • 4.85%Net loans and leases to deposits
  • 87.22%Net loans and leases to core deposits
  • 95.90%Equity capital to assets
  • 13.39%Core capital (leverage) ratio
  • 11.61%Tier 1 risk-based capital ratio
  • 19.63%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $390,603Average earning assets
  • $50,105Average equity
  • $349,042Average loans

List of branches

  • 5 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    045185The Washington Savings Bank, Fsb4201 Mitchellville Road, Suite 200, Bowie, MD 20716November 01, 1982Full Service Brick and Mortar
    101287823Odenton Shopping Center Branch1161 Annapolis Road, Odenton, MD 21113June 30, 1986Full Service Brick and Mortar
    102287824Northway Shopping Center Branch676 Old Mill Road, Millersville, MD 21108June 30, 1989Full Service Brick and Mortar
    103287825Crofton Branch1669 Crofton Center, Crofton, MD 21114August 01, 1995Full Service Brick and Mortar
    104287826Charles County Plaza Branch3225 Crain Highway, Waldorf, MD 20602April 14, 1997Full Service Brick and Mortar

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