Last $20.35 USD
Change Today 0.00 / 0.00%
Volume 0.0
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

frederick county bancorp inc (FCBI) Snapshot

Open
$20.00
Previous Close
$20.35
Day High
$20.35
Day Low
$20.00
52 Week High
05/28/14 - $21.00
52 Week Low
02/18/14 - $15.60
Market Cap
29.9M
Average Volume 10 Days
780.0
EPS TTM
$1.06
Shares Outstanding
1.5M
EX-Date
07/9/14
P/E TM
19.2x
Dividend
$0.28
Dividend Yield
1.28%
Current Stock Chart for FREDERICK COUNTY BANCORP INC (FCBI)

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frederick county bancorp inc (FCBI) Details

Frederick County Bancorp, Inc. operates as the holding company for Frederick County Bank that provides various banking services to individuals and commercial enterprises in Frederick County, Maryland. It offers various deposit products, including personal checking accounts, NOW accounts, regular savings accounts, money market savings accounts, certificates of deposit, and IRA accounts. The company also provides real estate construction and land development, real estate mortgage, commercial and industrial, consumer, and SBA guaranteed loans, as well as commercial loans for business purposes to business owners and investors for plant and equipment, personal lines of credit, working capital, real estate renovation, and other business purposes. In addition, it offers cash management services, including sweep accounts, repurchase agreements, account reconciliation, credit card depository, automated clearing house origination, wire transfers, and night depository; merchant credit card services for the deposit and immediate credit of sales drafts from retail merchants and professionals; commercial depository services comprising interest bearing sweep accounts; and business checking accounts and payroll services. Further, the company provides direct data services, reconciliation of accounts, safe deposit boxes, and business services; ATM services; equity loans on real estate, home improvement loans, and overdraft checking privileges against preauthorized lines of credit; residential mortgage loans; and courier services for deposits and other banking services. It also serves corporations, partnerships, small and medium-sized businesses, and sole proprietorships, as well as non-profit organizations and associations, and investors. The Company operates five banking offices, which are located in the city of Frederick and Walkersville, Maryland. Frederick County Bancorp, Inc. is headquartered in Frederick, Maryland.

frederick county bancorp inc (FCBI) Top Compensated Officers

Chief Executive Officer, President, Director,...
Total Annual Compensation: $234.8K
Chief Operating Officer, Chief Financial Offi...
Total Annual Compensation: $179.7K
Compensation as of Fiscal Year 2012.

frederick county bancorp inc (FCBI) Key Developments

Frederick County Bancorp Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reports Net Charge Offs for the Second Quarter Ended June 30, 2014

Frederick County Bancorp Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income of $377,000 and diluted earnings per share of $0.25, as compared to net income of $490,000 and diluted earnings per share of $0.32 recorded for the second quarter of 2013. The decrease in quarterly earnings was due primarily to an increase in total noninterest expense to $2.4 million in the second quarter of 2014 as compared to $2.2 million in the second quarter of 2013, along with a loss of $37,000 on the sale of foreclosed property that occurred in 2014, whereas no losses on the sale of foreclosed property were recorded in 2013. Return on average assets was 0.46% against 0.62% for the same period a year ago. Return on average equity was 5.56% against 7.27% for the same period a year ago. Total interest income was $3,206,000 against $3,100,000 a year ago. Net interest income was $2,783,000 against $2,665,000 a year ago. Income before provision for income taxes was $553,000 against $715,000 a year ago. For the six months, the company earned $902,000 with diluted earnings per share of $0.59 as compared to $970,000 in earnings and diluted earnings per share of $0.63 for the same period in 2013. The decrease in year-to-date earnings was due primarily to an increase in total noninterest expense to $4.7 million in the first half of 2014 as compared to $4.4 million in the first half of 2013, which offset the increase in net interest income to $5.6 million in the first six months of 2014 from $5.3 million for the same period in 2013. Book value per share was $18.37 against $17.51 for the same period a year ago. Return on average assets was 0.55% against 0.61% for the same period a year ago. Return on average equity was 6.71% against 7.24% for the same period a year ago. Total interest income was $6,431,000 against $6,174,000 a year ago. Net interest income was $5,589,000 against $5,287,000 a year ago. Income before provision for income taxes was $1,318,000 against $1,359,000 a year ago. Net cash provided by operating activities was $1,436,000 against $1,882,000 for the same period a year ago. Purchases of bank premises and equipment were $100,000 against $64,000 for the same period a year ago. For the quarter, the company reported net charge-offs of $2,000 against $132,000 for the same period a year ago.

Frederick County Bancorp Inc. Declares Quarterly Dividend, Payable on August 8, 2014

Frederick County Bancorp Inc. announced a quarterly cash dividend on its common stock of $0.07 per share declared on June 23, 2014. This cash dividend is payable on August 8, 2014 to shareholders of record on July 11, 2014.

Frederick County Bancorp Inc. Announces Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Announces Net Loan Charge-Offs for the First Quarter Ended March 31, 2014

Frederick County Bancorp Inc. announced unaudited consolidated financial results for the first quarter ended March 31, 2014. For the quarter, total interest income was $3,225,000 against $3,074,000 a year ago. Net interest income was $2,806,000 against $2,622,000 a year ago. Income before provision for income taxes was $765,000 against $644,000 a year ago. Net income was $525,000 against $480,000 a year ago. Diluted earnings per share were $0.34 against $0.31 a year ago. Net cash provided by operating activities was $919,000 against $638,000 a year ago. Purchases of bank premises and equipment were $55,000 against $48,000 a year ago. The increase in earnings was due primarily to an increase in net interest income; partially offset a decrease in total noninterest income and an increase in total noninterest expense. On a per share basis, book value per share increased by forty-five cents for 2014 to $18.09 at March 31, 2014 from $17.64 at December 31, 2013. Return on average assets was 0.64% against 0.61% a year ago. Return on average equity was 7.88% against 7.20% a year ago. Net loan charge-offs for the quarters ended March 31, 2014 and 2013 totaled $40,000 and $5,000, respectively.

 

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Industry Analysis

FCBI

Industry Average

Valuation FCBI Industry Range
Price/Earnings 18.9x
Price/Sales 2.5x
Price/Book 1.1x
Price/Cash Flow 18.6x
TEV/Sales NM Not Meaningful
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