Commercefirst Bank
Annapolis, MD — Domestic Branch of a Domestic Bank
Acquired Jun 2012
Vitals
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Total Assets204.8M -0.8 %
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Total Deposits180.2M -2.1 %
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Total Net Loans176.7M -4.0 %
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Net Income562000.0000 17.8 %
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Book Value23.5M 9.5 %
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Book Value x247.0M 9.5 %
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Book Value x370.4M 9.5 %
Balance Sheet Highlights
Financial Highlights | Commercefirst Bank | All Insured Commercial Banks in Maryland |
Balance Sheet $(000) | ||
Total Assets | 204,836 | 417,134 |
Total Net Loans | 176,664 | 287,758 |
Total Deposits | 180,211 | 346,493 |
Total Equity | 23,479 | 40,451 |
Profitability | ||
Net Income | 562 | 423 |
Return on Average Assets | 1.094 | .361 |
Return on Average Equity | 9.691 | 2.196 |
Net Interest Margin | 5.291 | 3.76 |
Efficiency Ratio | 46.953 | 73.762 |
Noninterest Income/Revenue | 6.357 | 20.156 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 98.032 | 82.364 |
Securities/Assets | .133 | |
Total Equity/Total Assets | .115 | .097 |
Tangible Equity/Tangible Assets | .115 | .094 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 23,479 | 37,621 |
Tier 2 Capital | 2,327 | 3,905 |
Total Capital | 25,806 | 41,477 |
Total Risk Weighted Assets | 184,970 | 302,975 |
Leverage Ratio | 11.42 | 9.124 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 12.69 | 12.585 |
Total Capital Ratio | 13.95 | 13.923 |
Timeline for Commercefirst Bank
Sandy Spring Bank
Commercefirst Bank was acquired by Sandy Spring Bank 11 years
View Profile Jun 01 2012Commercefirst Bank
Commercefirst Bank was established 23 years ago and is currently headquartered in Annapolis, MD.
Jun 29 2000Commercefirst Bancorp, Inc.
Commercefirst Bancorp, Inc. became a new parent organization for Commercefirst Bank.
View Profile Jun 29 2000Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Sandy Spring Bank | Buyer | 4,799,033 | Acquisition | Discontinued | 6/1/2012 |
Relationships | Role | Relationship Start | Relationship End |
Commercefirst Bancorp, Inc. | Parent | 6/29/2000 | 5/31/2012 |
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