Revere Bank is headquartered in Laurel and is the 17st largest bank in the state of Maryland. It is also the 1,423rd largest bank in the nation. It was established in 2007 and as of September of 2013, it had grown to 68 employees at 3 locations. Revere Bank has a A+ health rating.
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The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of September 30, 2013 Revere Bank had $1.67 million in non-current loans and owned real-estate with $50.27 million in equity and loan loss allowances on hand to cover it. This gives Revere Bank a Texas Ratio of 3.32% which is excellent. Any bank with a Texas Ratio near or greater than 100% is considered at risk.
The Texas Ratio for Revere Bank increased slightly from 0.00% as of September 30, 2012 to 3.32% as of September 30, 2013, resulting in a negative change of Infinity%. This indicates that the balance sheet and financial strength for Revere Bank has declined slightly in recent periods.
In the past year, Revere Bank has increased its total deposits by $83.49 million, resulting in 25.57% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Revere Bank has shown is excellent.
Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Revere Bank has $470.54 million in assets with $50.27 million in equity, resulting in a capitalization level of 10.68%, which is above average.
|FDIC Certificate #||58640|
|Assets and Liabilities|
|Equity Capital||$44.76 million|
|Loan Loss Allowance||$5.52 million|
|Unbacked Noncurrent Loans||$1.67 million|
|Real Estate Owned||$0|
|Historic Data - September 2012|
|Equity Capital||$30.00 million|
|Loan Loss Allowance||$4.02 million|
|Real Estate Owned||$0|
|Profit Margin - Quarterly|
|Net Interest Margin||3.61%|
|Return on Assets||0.51%|
|Return on Equity||5.51%|
|Interest Income||$14.27 million|
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|Revere Bank Locations|
|Revere Bank||319 Main Street||Laurel, MD 20707|
|Rockville Branch||414 Hungerford Drive||Rockville, MD 20850|
|Sp Gateway||8529 Veteran's Highway||Millersville, MD 21108|