Fairfax Bank & Trust Company in Fairfax, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 09, 1996

  • Fairfax Bank & Trust Company in Fairfax, Virginia (VA)
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Fairfax Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 26276
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: F & M Bank - Northern Virginia (#25865)
    Federal Reserve ID: 483425
    Date Established: July 22, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 12 (Interstate: No)
    OTS Docket #: 9571
    FDIC's unique #: 32666
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 22, 1985
    Last Structure Change Effective Date: August 09, 1996
    Last Structure Change Process Date: August 23, 1996
    Last Data Update: August 23, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 4117 Chain Bridge Road, Fairfax, VA 22030
    County: Fairfax 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: $255.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $105Total assets
  • $243,069Cash and due from depository institutions
  • $26,017Interest-bearing balances
  • $0Securities
  • $41,798Federal funds sold & reverse repurchase agreements
  • $16,493Net loans & leases
  • $146,867Loan loss allowance
  • $2,195Trading account assets
  • $0Bank premises and fixed assets
  • $3,523Other real estate owned
  • $1,972Goodwill and other intangibles
  • $3,731Life insurance assets
  • $2,668All other assets
  • $0Total liabilities and capital
  • $243,069Total liabilities
  • $226,325Total deposits
  • $191,704Interest-bearing deposits
  • $134,258Deposits held in domestic offices
  • 191704.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $33,377Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,244Total equity capital
  • $1,244Total bank equity capital
  • $16,744Perpetual preferred stock
  • $0Common stock
  • $1,473Surplus
  • $6,986Undivided profits
  • Memoranda
  • $8,285Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,537Income earned, not collected on loans
  • $928Earning assets
  • $205,158Long-term assets (5+ years)
  • $9,740Average Assets, year-to-date
  • $227,309Average Assets, quarterly
  • $243,855Volatile liabilities
  • $51,565Insider loans
  • $4,955FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $47,690Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $14,084Total risk weighted assets
  • $147,719Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $15,779Total interest expense
  • $5,883Net interest income
  • $9,896Provision for loan and lease losses
  • $1,068Total noninterest income
  • $3,105Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,499Trading account gains & fees
  • $0Additional noninterest income
  • $1,606Total noninterest expense
  • $9,633Salaries and employee benefits
  • $4,255Premises and equipment expense
  • $1,605Additional noninterest expense
  • $3,773Pre-tax net operating income
  • $2,300Securities gains (losses)
  • $0Applicable income taxes
  • $725Income before extraordinary items
  • $1,575Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,575Net charge-offs
  • $205Cash dividends
  • $801Sale, conversion, retirement of capital stock, net
  • -$50Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.10%Cost of funding earning assets
  • 3.02%Net interest margin
  • 5.08%Noninterest income to earning assets
  • 1.59%Noninterest expense to earning assets
  • 4.95%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.69%Pretax return on assets
  • 1.01%Return on equity (ROE)
  • 9.51%Retained earnings to average equity (YTD only)
  • 4.67%Net charge-offs to loans
  • 0.14%Credit loss provision to net charge-offs
  • 520.98%Efficiency ratio
  • 71,218Assets per employee
  • 2.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.86%Loss allowance to loans
  • 1.47%Loss allowance to noncurrent loans
  • 86.52%Noncurrent assets plus other real estate owned to assets
  • 1.86%Noncurrent loans to loans
  • 1.70%Net loans and leases to deposits
  • 76.61%Net loans and leases to core deposits
  • 84.64%Equity capital to assets
  • 6.89%Core capital (leverage) ratio
  • 6.32%Tier 1 risk-based capital ratio
  • 9.53%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $227,309Average earning assets
  • $16,560Average equity
  • $194,731Average loans

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