1st Service Bank in Mc Lean, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 02, 2006

  • 1st Service Bank in Mc Lean, Virginia (VA)
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1st Service Bank - Overview

  • General
  • FDIC Certificate #: 35086
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SONABANK (#57968)
    Federal Reserve ID: 2973087
    Date Established: December 29, 2000
    WWW: http://www.1sb.com
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 15833
    FDIC's unique #: 74663
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: December 29, 2000
    Last Structure Change Effective Date: December 02, 2006
    Last Structure Change Process Date: January 09, 2007
    Last Data Update: January 09, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 6830 Old Dominion Drive, Mc Lean, VA 22101
    County: Fairfax
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Richmond
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    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): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $128.0 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, 2005)

  • Dollar figures in thousands
  • 43Total employees (full-time equivalent)
  • $128,258Total assets
  • $2,478Cash and due from depository institutions
  • $506Interest-bearing balances
  • $0Securities
  • $41Federal funds sold & reverse repurchase agreements
  • $121,171Net loans & leases
  • $825Loan loss allowance
  • $0Trading account assets
  • $499Bank premises and fixed assets
  • $0Other real estate owned
  • $811Goodwill and other intangibles
  • $0Life insurance assets
  • $3,258All other assets
  • $128,258Total liabilities and capital
  • $119,703Total liabilities
  • $82,324Total deposits
  • $69,735Interest-bearing deposits
  • $82,324Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $35,500Other borrowed funds
  • $0Subordinated debt
  • $379All other liabilities
  • $8,555Total equity capital
  • $8,555Total bank equity capital
  • $8,555Perpetual preferred stock
  • $0Common stock
  • $8Surplus
  • $8,566Undivided profits
  • Memoranda
  • $-19Noncurrent loans and leases
  • $13,907Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $397Average Assets, year-to-date
  • $121,718Average Assets, quarterly
  • $0Volatile liabilities
  • $114,755Insider loans
  • $125,926FHLB advances
  • $84,610Loans and leases held for sale
  • $2,135Unused loan commitments
  • $35,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,907Total unused commitments
  • $0Restructured Loans and leases
  • $825Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $6,294Total interest income
  • $2,911Total interest expense
  • $3,383Net interest income
  • $226Provision for loan and lease losses
  • $328Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $328Additional noninterest income
  • $4,288Total noninterest expense
  • $2,827Salaries and employee benefits
  • $889Premises and equipment expense
  • $572Additional noninterest expense
  • -$803Pre-tax net operating income
  • $1,129Securities gains (losses)
  • $0Applicable income taxes
  • $326Income before extraordinary items
  • $0Extraordinary gains - net
  • $326Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.75%Yield on earning assets
  • 2.66%Cost of funding earning assets
  • 3.09%Net interest margin
  • 0.30%Noninterest income to earning assets
  • 3.92%Noninterest expense to earning assets
  • -0.70%Net operating income to assets
  • 0.28%Return on assets (ROA)
  • 0.28%Pretax return on assets
  • 3.84%Return on equity (ROE)
  • 3.84%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 115,548Assets per employee
  • 2.98%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.68%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 147.19%Net loans and leases to core deposits
  • 349.06%Equity capital to assets
  • 6.67%Core capital (leverage) ratio
  • 6.67%Tier 1 risk-based capital ratio
  • 10.96%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $114,755Average earning assets
  • $8,480Average equity
  • $109,398Average loans

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