Eastern American Bank, FSB in Herndon, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 01, 1997

  • Eastern American Bank, FSB in Herndon, Virginia (VA)
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Eastern American Bank, FSB - Overview

  • General
  • FDIC Certificate #: 32336
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Resource Bank (#27322)
    Federal Reserve ID: 225577
    Date Established: June 18, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8158
    FDIC's unique #: 45170
    Numeric code: 33
    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: June 18, 1985
    Last Structure Change Effective Date: December 01, 1997
    Last Structure Change Process Date: December 30, 1997
    Last Data Update: December 30, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 208 Elden Street, Herndon, VA 22070
    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: $92.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $30Total assets
  • $81,794Cash and due from depository institutions
  • $5,919Interest-bearing balances
  • $5,389Securities
  • $14,254Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $57,950Loan loss allowance
  • $544Trading account assets
  • $0Bank premises and fixed assets
  • $1,013Other real estate owned
  • $799Goodwill and other intangibles
  • $1,859Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $81,794Total liabilities
  • $77,925Total deposits
  • $67,447Interest-bearing deposits
  • $62,268Deposits held in domestic offices
  • 67447.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $9,800Subordinated debt
  • $0All other liabilities
  • $678Total equity capital
  • $678Total bank equity capital
  • $3,869Perpetual preferred stock
  • $1,165Common stock
  • $234Surplus
  • $2,589Undivided profits
  • Memoranda
  • $-119Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,191Income earned, not collected on loans
  • $373Earning assets
  • $77,593Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $82,828Average Assets, quarterly
  • $81,421Volatile liabilities
  • $22,222Insider loans
  • $1,894FHLB advances
  • $9,800Loans and leases held for sale
  • $0Unused loan commitments
  • $5,106Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,079Total risk weighted assets
  • $45,322Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,124Total interest expense
  • $3,898Net interest income
  • $2,226Provision for loan and lease losses
  • $195Total noninterest income
  • $717Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $717Total noninterest expense
  • $2,989Salaries and employee benefits
  • $989Premises and equipment expense
  • $882Additional noninterest expense
  • $1,118Pre-tax net operating income
  • -$241Securities gains (losses)
  • $182Applicable income taxes
  • -$70Income before extraordinary items
  • $11Extraordinary gains - net
  • $0Net income attributable to bank
  • $11Net charge-offs
  • $162Cash dividends
  • $94Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.73%Cost of funding earning assets
  • 4.92%Net interest margin
  • 2.81%Noninterest income to earning assets
  • 0.91%Noninterest expense to earning assets
  • 3.77%Net operating income to assets
  • -0.13%Return on assets (ROA)
  • 0.01%Pretax return on assets
  • -0.07%Return on equity (ROE)
  • 0.28%Retained earnings to average equity (YTD only)
  • -2.09%Net charge-offs to loans
  • 0.27%Credit loss provision to net charge-offs
  • 120.37%Efficiency ratio
  • 101,563Assets per employee
  • 2.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 854.55%Loss allowance to loans
  • 0.93%Loss allowance to noncurrent loans
  • 45.68%Noncurrent assets plus other real estate owned to assets
  • 2.43%Noncurrent loans to loans
  • 2.04%Net loans and leases to deposits
  • 85.92%Net loans and leases to core deposits
  • 105.32%Equity capital to assets
  • 4.73%Core capital (leverage) ratio
  • 4.97%Tier 1 risk-based capital ratio
  • 9.00%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $82,828Average earning assets
  • $3,970Average equity
  • $79,215Average loans

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