Cardinal Bank - Manassas/Prince William, N.A. - Overview
General
FDIC Certificate #: 35145 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Cardinal Bank (#34733) Federal Reserve ID: 2817583 Date Established: July 19, 1999 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 75138 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: July 19, 1999 Last Structure Change Effective Date: March 01, 2002 Last Structure Change Process Date: May 21, 2002 Last Data Update: May 21, 2002 Data Source Date: April 05, 2012
Location
Address: 9626 Center Street, Manassas, VA 20110 County: Manassas City 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: $68.1 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2001)
Dollar figures in thousands
11Total employees (full-time equivalent)
$68,065Total assets
$1,819Cash and due from depository institutions
$0Interest-bearing balances
$3,359Securities
$13,985Federal funds sold & reverse repurchase agreements
$48,060Net loans & leases
$777Loan loss allowance
$0Trading account assets
$305Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$537All other assets
$68,065Total liabilities and capital
$62,042Total liabilities
$61,887Total deposits
$49,215Interest-bearing deposits
$61,887Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$155All other liabilities
$6,023Total equity capital
$6,023Total bank equity capital
$6,023Perpetual preferred stock
$0Common stock
$3,500Surplus
$3,500Undivided profits
Memoranda
$-977Noncurrent loans and leases
$12,759Noncurrent 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)
$259Average Assets, year-to-date
$65,404Average Assets, quarterly
$20,165Volatile liabilities
$55,216Insider loans
$62,916FHLB advances
$12,944Loans and leases held for sale
$563Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$12,759Total unused commitments
$0Restructured Loans and leases
$661Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$3,972Total interest income
$1,923Total interest expense
$2,049Net interest income
$278Provision for loan and lease losses
$213Total noninterest income
$0Fiduciary activities
$82Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$2,046Total noninterest expense
$724Salaries and employee benefits
$126Premises and equipment expense
$1,196Additional noninterest expense
-$62Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$62Income before extraordinary items
$0Extraordinary gains - net
-$62Net 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, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.56%Yield on earning assets
3.66%Cost of funding earning assets
3.90%Net interest margin
0.41%Noninterest income to earning assets
3.89%Noninterest expense to earning assets
-0.11%Net operating income to assets
-0.11%Return on assets (ROA)
-0.11%Pretax return on assets
-1.01%Return on equity (ROE)
-1.01%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
90,451Assets per employee
6.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.59%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
77.66%Net loans and leases to core deposits
98.20%Equity capital to assets
8.85%Core capital (leverage) ratio
9.49%Tier 1 risk-based capital ratio
11.48%Total risk-based capital ratio
Memoranda
$13Average assets
$55,216Average earning assets
$6,122Average equity
$52,533Average loans
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