The condition of Maryland's banks improved yet again during the third quarter of last year, according to Wisconsin-based IDC Financial Inc., which rates banks and thrifts.
On a scale with 1 being the worst and 300 the best, Maryland banks scored a 130 in the quarter that ended Sept. 30, 1992, up from 118 the prior quarter.
Regardless of a bank's IDC rating, depositors are federally insured up to $100,000.
The improvement in Maryland mirrored banks' performance nationwide, as the industry scored 165 in the third quarter, compared with 157 in the second quarter, according to IDC.
Several Maryland banks say their conditions have improved since the third quarter, which could boost their IDC ratings:
* Baltimore Bancorp reported profits in both the third and fourth quarters, and raised $4.5 million in capital from stock sales in the fourth quarter, says Treasurer David Spilman.
So far this year, the parent of the Bank of Baltimore has raised another $7.1 million in capital, and hopes to be classified as "well-capitalized" by the end of the year, Mr. Spilman says.
* The Bank of Maryland, the subsidiary of Towson-based Bank Maryland Corp., is still awaiting approval from the Federal Deposit Insurance Corp. on a plan to classify some intangible assets as capital, says Chief Financial Officer A. Gary Rever.
The bank trimmed its losses to $528,000 last year from $4.5 million in 1991, But the fourth-quarter loss of $205,000, while down from a year earlier, was sharply higher than the bank's loss in the third quarter of $90,000.
* Dominion Bank of Maryland N.A. announced in September that its parent company, Dominion Bankshares Corp. of Roanoke, Va., would be purchased by First Union Corp. of Charlotte, N.C.
* First American Bank of Maryland found itself in roughly the same boat as Dominion: In March, First Union agreed to buy its parent company, too.
* FWB Bank in Rockville continued to reduce its non-accrual loans in the fourth quarter, to $53,000 from $1.8 million in the third quarter, says President Steven Colliatie.
The bank has raised $560,000 in capital from its directors, and has pledges for another $1.5 million, Mr. Colliatie says.