Century National Bank in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 07, 2001

  • Century National Bank in Washington, District Of Columbia (DC)
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Century National Bank - Overview

  • General
  • FDIC Certificate #: 23812
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#6784)
    Federal Reserve ID: 653723
    Date Established: May 03, 1982
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 12 (Interstate: No)
    OTS Docket #: 9659
    FDIC's unique #: 16648
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: May 03, 1982
    Last Structure Change Effective Date: December 07, 2001
    Last Structure Change Process Date: Febuary 01, 2002
    Last Data Update: Febuary 01, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1875 Eye Street, N.W., Washington, DC 20006
    County: District Of Columbia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    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: $412.5 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 68Total employees (full-time equivalent)
  • $291,342Total assets
  • $10,322Cash and due from depository institutions
  • $310Interest-bearing balances
  • $68,950Securities
  • $5,500Federal funds sold & reverse repurchase agreements
  • $195,326Net loans & leases
  • $1,993Loan loss allowance
  • $0Trading account assets
  • $2,269Bank premises and fixed assets
  • $0Other real estate owned
  • $4,979Goodwill and other intangibles
  • $0Life insurance assets
  • $3,996All other assets
  • $291,342Total liabilities and capital
  • $271,450Total liabilities
  • $225,551Total deposits
  • $178,310Interest-bearing deposits
  • $225,551Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $16,717Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,732Other borrowed funds
  • $5,500Subordinated debt
  • $2,950All other liabilities
  • $19,892Total equity capital
  • $19,892Total bank equity capital
  • $19,892Perpetual preferred stock
  • $0Common stock
  • $1,769Surplus
  • $11,609Undivided profits
  • Memoranda
  • $6,514Noncurrent loans and leases
  • $47,146Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,177Earning assets
  • $341Long-term assets (5+ years)
  • $1,269Average Assets, year-to-date
  • $270,086Average Assets, quarterly
  • $46,180Volatile liabilities
  • $245,805Insider loans
  • $287,886FHLB advances
  • $65,048Loans and leases held for sale
  • $4,378Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $390Total risk weighted assets
  • $47,146Total unused commitments
  • $0Restructured Loans and leases
  • $7,513Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $19,008Total interest income
  • $8,308Total interest expense
  • $10,700Net interest income
  • $1,015Provision for loan and lease losses
  • $2,262Total noninterest income
  • $0Fiduciary activities
  • $951Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,311Additional noninterest income
  • $9,480Total noninterest expense
  • $3,467Salaries and employee benefits
  • $1,493Premises and equipment expense
  • $4,520Additional noninterest expense
  • $2,467Pre-tax net operating income
  • $209Securities gains (losses)
  • $1,022Applicable income taxes
  • $1,654Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,654Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $541Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.28%Yield on earning assets
  • 3.62%Cost of funding earning assets
  • 4.66%Net interest margin
  • 0.99%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 9.21%Return on equity (ROE)
  • 9.21%Retained earnings to average equity (YTD only)
  • 0.33%Net charge-offs to loans
  • 187.62%Credit loss provision to net charge-offs
  • 6.44%Efficiency ratio
  • 70,444Assets per employee
  • 4.28%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 169.33%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 86.60%Net loans and leases to core deposits
  • 109.57%Equity capital to assets
  • 6.83%Core capital (leverage) ratio
  • 5.15%Tier 1 risk-based capital ratio
  • 6.81%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $245,805Average earning assets
  • $17,954Average equity
  • $229,454Average loans

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