FDIC Certificate #: 32404 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Bradford Bank (#28312) Federal Reserve ID: 634478 Date Established: April 09, 1980 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 8228 FDIC's unique #: 45238 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: November 19, 1985 Last Structure Change Effective Date: January 20, 2007 Last Structure Change Process Date: May 03, 2007 Last Data Update: May 03, 2007 Data Source Date: April 05, 2012
Location
Address: 130 Lakefront Drive, Hunt Valley, MD 21030 County: Baltimore 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: $50.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
13Total employees (full-time equivalent)
$50,790Total assets
$1,416Cash and due from depository institutions
$430Interest-bearing balances
$6,718Securities
$122Federal funds sold & reverse repurchase agreements
$41,308Net loans & leases
$272Loan loss allowance
$0Trading account assets
$123Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,103All other assets
$50,790Total liabilities and capital
$45,535Total liabilities
$37,435Total deposits
$36,787Interest-bearing deposits
$37,435Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,000Other borrowed funds
$0Subordinated debt
$100All other liabilities
$5,255Total equity capital
$5,255Total bank equity capital
$5,255Perpetual preferred stock
$0Common stock
$130Surplus
$1,121Undivided profits
Memoranda
$4,004Noncurrent loans and leases
$9,382Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$75Earning assets
$0Long-term assets (5+ years)
$386Average Assets, year-to-date
$48,578Average Assets, quarterly
$0Volatile liabilities
$49,903Insider loans
$50,328FHLB advances
$17,668Loans and leases held for sale
$176Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,382Total unused commitments
$0Restructured Loans and leases
$272Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$3,963Total interest income
$1,877Total interest expense
$2,086Net interest income
$0Provision for loan and lease losses
$92Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$92Additional noninterest income
$1,470Total noninterest expense
$801Salaries and employee benefits
$442Premises and equipment expense
$227Additional noninterest expense
$708Pre-tax net operating income
$7Securities gains (losses)
$277Applicable income taxes
$438Income before extraordinary items
$0Extraordinary gains - net
$438Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$200Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.20%Yield on earning assets
3.88%Cost of funding earning assets
4.32%Net interest margin
0.19%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
0.87%Net operating income to assets
0.88%Return on assets (ROA)
1.43%Pretax return on assets
8.57%Return on equity (ROE)
4.65%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
67,493Assets per employee
3.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.66%Loss allowance to loans
0.65%Loss allowance to noncurrent loans
362.67%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.18%Net loans and leases to deposits
110.35%Net loans and leases to core deposits
148.77%Equity capital to assets
10.35%Core capital (leverage) ratio
10.35%Tier 1 risk-based capital ratio
14.17%Total risk-based capital ratio
Memoranda
$15Average assets
$49,903Average earning assets
$5,113Average equity
$48,318Average loans
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