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

This bank is inactive as of September 14, 2007

  • Westminster Union Bank in Westminster, Maryland (MD)
  • Show street view No street view available for this location

Westminster Union Bank - Overview

  • General
  • FDIC Certificate #: 12884
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 526229
    Date Established: May 21, 1898
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 16 (Interstate: No)
    FDIC's unique #: 8156
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 14, 2007
    Last Structure Change Process Date: December 31, 2007
    Last Data Update: December 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 71 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: $929.6 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
  • 156Total employees (full-time equivalent)
  • $905,775Total assets
  • $47,557Cash and due from depository institutions
  • $31,395Interest-bearing balances
  • $218,521Securities
  • $23,703Federal funds sold & reverse repurchase agreements
  • $519,910Net loans & leases
  • $5,485Loan loss allowance
  • $0Trading account assets
  • $6,383Bank premises and fixed assets
  • $0Other real estate owned
  • $73,243Goodwill and other intangibles
  • $4,443Life insurance assets
  • $16,458All other assets
  • $905,775Total liabilities and capital
  • $762,355Total liabilities
  • $697,338Total deposits
  • $567,240Interest-bearing deposits
  • $697,338Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $26,344Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,000Other borrowed funds
  • $24,700Subordinated debt
  • $3,973All other liabilities
  • $143,420Total equity capital
  • $143,420Total bank equity capital
  • $143,420Perpetual preferred stock
  • $0Common stock
  • $700Surplus
  • $99,075Undivided profits
  • Memoranda
  • $43,645Noncurrent loans and leases
  • $177,262Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $22Earning assets
  • $0Long-term assets (5+ years)
  • $3,298Average Assets, year-to-date
  • $793,529Average Assets, quarterly
  • $354,461Volatile liabilities
  • $895,100Insider loans
  • $900,229FHLB advances
  • $89,863Loans and leases held for sale
  • $16,285Unused loan commitments
  • $10,000Tier 1 (core) risk-based capital
  • $142Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $177,262Total unused commitments
  • $0Restructured Loans and leases
  • $30,590Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $44,739Total interest income
  • $15,521Total interest expense
  • $29,218Net interest income
  • -$1,251Provision for loan and lease losses
  • $5,519Total noninterest income
  • $0Fiduciary activities
  • $3,018Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,501Additional noninterest income
  • $17,785Total noninterest expense
  • $6,943Salaries and employee benefits
  • $2,288Premises and equipment expense
  • $8,554Additional noninterest expense
  • $18,203Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,763Applicable income taxes
  • $11,440Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,440Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $67Sale, conversion, retirement of capital stock, net
  • $7,589Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.73%Yield on earning assets
  • 1.99%Cost of funding earning assets
  • 3.74%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.28%Net operating income to assets
  • 1.28%Return on assets (ROA)
  • 2.03%Pretax return on assets
  • 8.13%Return on equity (ROE)
  • 2.74%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • -1867.16%Credit loss provision to net charge-offs
  • 253.01%Efficiency ratio
  • 47,992Assets per employee
  • 5.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.34%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 24931.82%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 74.56%Net loans and leases to core deposits
  • 82.03%Equity capital to assets
  • 15.83%Core capital (leverage) ratio
  • 8.77%Tier 1 risk-based capital ratio
  • 13.77%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $895,100Average earning assets
  • $140,709Average equity
  • $781,312Average 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 Westminster Union 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.
Table of Contents