FDIC Certificate #: 34976 Status: Inactive Closing history: Corrections Acquiring institution:Waterfield Bank, FA (#59036) Federal Reserve ID: 2896234 Date Established: June 12, 2000 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 15436 FDIC's unique #: 62150 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: June 12, 2000 Last Structure Change Effective Date: March 05, 2010 Last Structure Change Process Date: March 09, 2010 Last Data Update: March 09, 2010 Data Source Date: April 05, 2012
Location
Address: 19828 Century Blvd, Germantown, MD 20874 County: Montgomery 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: Bethesda-Rockville-Frederick, MD (#13644)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $155.6 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
34Total employees (full-time equivalent)
$155,566Total assets
$794Cash and due from depository institutions
$341Interest-bearing balances
$71,122Securities
$0Federal funds sold & reverse repurchase agreements
$74,567Net loans & leases
$701Loan loss allowance
$0Trading account assets
$1,604Bank premises and fixed assets
$1,718Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,761All other assets
$155,566Total liabilities and capital
$164,033Total liabilities
$156,188Total deposits
$149,956Interest-bearing deposits
$156,188Deposits held in domestic offices
92.08%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$2,845All other liabilities
$-8,467Total equity capital
$-8,467Total bank equity capital
$-8,467Perpetual preferred stock
$0Common stock
$10Surplus
$22,981Undivided profits
Memoranda
$-31,458Noncurrent loans and leases
$3,065Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6,144Earning assets
$0Long-term assets (5+ years)
$596Average Assets, year-to-date
$146,030Average Assets, quarterly
$0Volatile liabilities
$219,209Insider loans
$176,042FHLB advances
$14,192Loans and leases held for sale
$0Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,065Total unused commitments
$1,718Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$13,085Total interest income
$4,938Total interest expense
$8,147Net interest income
$2,976Provision for loan and lease losses
$2,309Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$27Trading account gains & fees
$2,282Additional noninterest income
$18,937Total noninterest expense
$7,091Salaries and employee benefits
$2,806Premises and equipment expense
$9,040Additional noninterest expense
-$11,457Pre-tax net operating income
-$7,048Securities gains (losses)
$12Applicable income taxes
-$18,517Income before extraordinary items
$0Extraordinary gains - net
-$18,517Net income attributable to bank
$0Net charge-offs
-$18,517Cash dividends
$2,973Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.39%Yield on earning assets
2.41%Cost of funding earning assets
3.98%Net interest margin
1.13%Noninterest income to earning assets
9.24%Noninterest expense to earning assets
-5.23%Net operating income to assets
-8.45%Return on assets (ROA)
-8.44%Pretax return on assets
3316.08%Return on equity (ROE)
3316.08%Retained earnings to average equity (YTD only)
2.84%Net charge-offs to loans
100.10%Credit loss provision to net charge-offs
-2.85%Efficiency ratio
180,566Assets per employee
4.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.93%Loss allowance to noncurrent loans
11.41%Noncurrent assets plus other real estate owned to assets
5.05%Noncurrent loans to loans
8.16%Net loans and leases to deposits
47.74%Net loans and leases to core deposits
50.73%Equity capital to assets
-5.44%Core capital (leverage) ratio
-5.16%Tier 1 risk-based capital ratio
-8.51%Total risk-based capital ratio
Memoranda
-$9Average assets
$219,209Average earning assets
-$558Average equity
$204,853Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Waterfield Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: