FDIC Certificate #: 35196 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cardinal Bank (#34733) Federal Reserve ID: 2817592 Date Established: August 02, 1999 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 76161 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: August 02, 1999 Last Structure Change Effective Date: November 01, 2001 Last Structure Change Process Date: January 31, 2002 Last Data Update: January 31, 2002 Data Source Date: April 05, 2012
Location
Address: 11150 Sunset Hills Road, Reston, VA 20190 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: $46.3 mil
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
20Total employees (full-time equivalent)
$29,798Total assets
$316Cash and due from depository institutions
$0Interest-bearing balances
$231Securities
$4,175Federal funds sold & reverse repurchase agreements
$24,146Net loans & leases
$281Loan loss allowance
$0Trading account assets
$756Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$174All other assets
$29,798Total liabilities and capital
$24,579Total liabilities
$22,890Total deposits
$17,620Interest-bearing deposits
$22,890Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,689All other liabilities
$5,219Total equity capital
$5,219Total bank equity capital
$5,219Perpetual preferred stock
$0Common stock
$3,500Surplus
$3,500Undivided profits
Memoranda
$-1,781Noncurrent loans and leases
$8,367Noncurrent 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)
$142Average Assets, year-to-date
$28,552Average Assets, quarterly
$2,990Volatile liabilities
$22,174Insider loans
$27,732FHLB advances
$7,092Loans and leases held for sale
$1,070Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,367Total unused commitments
$0Restructured Loans and leases
$281Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$1,720Total interest income
$639Total interest expense
$1,081Net interest income
$174Provision for loan and lease losses
$146Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$120Additional noninterest income
$2,104Total noninterest expense
$911Salaries and employee benefits
$307Premises and equipment expense
$886Additional noninterest expense
-$1,051Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,051Income before extraordinary items
$0Extraordinary gains - net
-$1,051Net 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, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.27%Yield on earning assets
3.07%Cost of funding earning assets
5.20%Net interest margin
0.70%Noninterest income to earning assets
10.12%Noninterest expense to earning assets
-4.74%Net operating income to assets
-4.74%Return on assets (ROA)
-4.74%Pretax return on assets
-17.95%Return on equity (ROE)
-17.95%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
171,475Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.15%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
105.49%Net loans and leases to core deposits
152.84%Equity capital to assets
17.51%Core capital (leverage) ratio
19.31%Tier 1 risk-based capital ratio
17.86%Total risk-based capital ratio
Memoranda
$19Average assets
$22,174Average earning assets
$5,855Average equity
$20,790Average loans
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