First American Bank of Virginia in city_name, state_name - Detailed Financial Reports, Location

First American Bank of Virginia in Mclean, Virginia (VA)
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First American Bank of Virginia - Overview

General
FDIC Certificate #: 18956
Status: Inactive
Closing history: Corrections
Acquiring institution: First Union National Bank of Virginia (#6904)
Federal Reserve ID: 190527
Date Established: October 01, 1942
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 99 (Interstate: No)
OTS Docket #: 9011
FDIC's unique #: 12801
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: October 01, 1942
Last Structure Change Effective Date: October 27, 1993
Last Structure Change Process Date: November 08, 1993
Last Data Update: Febuary 10, 2000
Data Source Date: April 05, 2012
Location
Address: 1970 Chain Bridge Road, Mclean, VA 22101
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)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $2,488.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$1,190Total assets
$2,449,417Cash and due from depository institutions
$239,461Interest-bearing balances
$80,500Securities
$276,374Federal funds sold & reverse repurchase agreements
$135,000Net loans & leases
$1,453,846Loan loss allowance
$95,000Trading account assets
$0Bank premises and fixed assets
$110,196Other real estate owned
$96,301Goodwill and other intangibles
$135,648Life insurance assets
$2,591All other assets
$0Total liabilities and capital
$2,449,417Total liabilities
$2,241,538Total deposits
$2,087,788Interest-bearing deposits
$1,606,071Deposits held in domestic offices
2087788.00%% insured (estimated)
$84Federal funds purchased & repurchase agreements
$79,668Trading liabilities
$0Other borrowed funds
$30,657Subordinated debt
$1,500All other liabilities
$41,925Total equity capital
$41,925Total bank equity capital
$207,879Perpetual preferred stock
$0Common stock
$41,621Surplus
$164,971Undivided profits
Memoranda
$1,287Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$137,240Income earned, not collected on loans
$9,867Earning assets
$1,945,720Long-term assets (5+ years)
$361,753Average Assets, year-to-date
$2,657,077Average Assets, quarterly
$2,490,318Volatile liabilities
$272,992Insider loans
$561FHLB advances
$0Loans and leases held for sale
$55,473Unused loan commitments
$592,260Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$207,406Total risk weighted assets
$1,815,592Total unused commitments
$0Restructured Loans and leases
$213,351Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$193,946Total interest expense
$80,796Net interest income
$113,150Provision for loan and lease losses
$39,211Total noninterest income
$56,609Fiduciary activities
$3,996Service charges on deposit accounts
$19,067Trading account gains & fees
$0Additional noninterest income
$33,546Total noninterest expense
$147,763Salaries and employee benefits
$38,893Premises and equipment expense
$10,751Additional noninterest expense
$98,119Pre-tax net operating income
-$17,215Securities gains (losses)
$14,893Applicable income taxes
$102Income before extraordinary items
-$2,424Extraordinary gains - net
$0Net income attributable to bank
-$2,424Net charge-offs
$55,211Cash dividends
$0Sale, conversion, retirement of capital stock, net
-$9,832Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.79%Cost of funding earning assets
3.66%Net interest margin
5.13%Noninterest income to earning assets
2.57%Noninterest expense to earning assets
6.70%Net operating income to assets
-0.65%Return on assets (ROA)
-0.09%Pretax return on assets
-0.09%Return on equity (ROE)
-1.44%Retained earnings to average equity (YTD only)
-1.44%Net charge-offs to loans
3.05%Credit loss provision to net charge-offs
71.02%Efficiency ratio
86,163Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
6.13%Loss allowance to noncurrent loans
69.22%Noncurrent assets plus other real estate owned to assets
9.53%Noncurrent loans to loans
8.86%Net loans and leases to deposits
69.64%Net loans and leases to core deposits
75.52%Equity capital to assets
8.49%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
11.42%Total risk-based capital ratio
Memoranda
$13Average assets
$2,657,077Average earning assets
$168,199Average equity
$2,206,688Average loans

First American Bank of Virginia in Mclean, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Virginia - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Bank of Virginia in Mclean, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank of Virginia - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Bank of Virginia in Mclean, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches