Commonwealth Federal Savings Bank in Manassas, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 06, 1994

  • Commonwealth Federal Savings Bank in Manassas, Virginia (VA)
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Commonwealth Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33584
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Fairfax Bank & Trust Company (#26276)
    Federal Reserve ID: 240570
    Date Established: April 03, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9882
    FDIC's unique #: 47529
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: April 03, 1992
    Last Structure Change Effective Date: May 06, 1994
    Last Structure Change Process Date: May 16, 1994
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 9201 West Church Street, Manassas, VA 22110
    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)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $17.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $33Total assets
  • $17,655Cash and due from depository institutions
  • $2,533Interest-bearing balances
  • $1,744Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $4,070Loan loss allowance
  • $576Trading account assets
  • $0Bank premises and fixed assets
  • $806Other real estate owned
  • $3,319Goodwill and other intangibles
  • $6,927Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $17,655Total liabilities
  • $34,500Total deposits
  • $30,202Interest-bearing deposits
  • $30,202Deposits held in domestic offices
  • 30202.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $3,500Subordinated debt
  • $0All other liabilities
  • $798Total equity capital
  • $798Total bank equity capital
  • $-16,845Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-16,845Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,850Income earned, not collected on loans
  • $35Earning assets
  • $5,814Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $27,088Average Assets, quarterly
  • $18,946Volatile liabilities
  • $3,905Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-16,845Total risk weighted assets
  • $3,615Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $840Total interest expense
  • $1,585Net interest income
  • -$745Provision for loan and lease losses
  • $1,557Total noninterest income
  • $512Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $512Total noninterest expense
  • $8,415Salaries and employee benefits
  • $858Premises and equipment expense
  • $1,129Additional noninterest expense
  • $6,428Pre-tax net operating income
  • -$10,205Securities gains (losses)
  • $0Applicable income taxes
  • $0Income before extraordinary items
  • -$10,205Extraordinary gains - net
  • $0Net income attributable to bank
  • -$10,205Net charge-offs
  • $150Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.62%Cost of funding earning assets
  • 14.38%Net interest margin
  • -6.76%Noninterest income to earning assets
  • 4.65%Noninterest expense to earning assets
  • 76.36%Net operating income to assets
  • -37.67%Return on assets (ROA)
  • -37.67%Pretax return on assets
  • -37.67%Return on equity (ROE)
  • 80.16%Retained earnings to average equity (YTD only)
  • 80.16%Net charge-offs to loans
  • 1.96%Credit loss provision to net charge-offs
  • 1038.00%Efficiency ratio
  • -3,611,588Assets per employee
  • 0.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 12.40%Loss allowance to noncurrent loans
  • 31.14%Noncurrent assets plus other real estate owned to assets
  • 29.28%Noncurrent loans to loans
  • 39.82%Net loans and leases to deposits
  • 13.48%Net loans and leases to core deposits
  • 13.66%Equity capital to assets
  • -95.41%Core capital (leverage) ratio
  • -95.41%Tier 1 risk-based capital ratio
  • -465.98%Total risk-based capital ratio
  • Memoranda
  • -$466Average assets
  • $27,088Average earning assets
  • -$12,731Average equity
  • $11,021Average loans

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