First Union National Bank of Washington, D.C. in city_name, state_name

First Union National Bank of Washington, D.C. in Washington, District Of Columbia (DC)
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First Union National Bank of Washington, D.C. - Overview

General
FDIC Certificate #: 18839
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Union National Bank (#4885)
Federal Reserve ID: 983327
Date Established: July 23, 1963
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 28 (Interstate: No)
FDIC's unique #: 12695
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: July 23, 1963
Last Structure Change Effective Date: July 31, 1997
Last Structure Change Process Date: August 13, 1997
Last Data Update: August 13, 1997
Data Source Date: April 05, 2012
Location
Address: 740 15th Street, N.W., Washington, DC 20005
County: District Of Columbia
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Atlanta
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: $2,363.0 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)
$189Total assets
$2,217,409Cash and due from depository institutions
$942,426Interest-bearing balances
$888,799Securities
$348,432Federal funds sold & reverse repurchase agreements
$246,642Net loans & leases
$551,787Loan loss allowance
$9,100Trading account assets
$0Bank premises and fixed assets
$14,263Other real estate owned
$729Goodwill and other intangibles
$30,735Life insurance assets
$82,395All other assets
$0Total liabilities and capital
$2,217,409Total liabilities
$2,014,569Total deposits
$1,634,456Interest-bearing deposits
$1,345,680Deposits held in domestic offices
1634456.00%% insured (estimated)
$76Federal funds purchased & repurchase agreements
$351,753Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$28,360Total equity capital
$28,360Total bank equity capital
$202,840Perpetual preferred stock
$0Common stock
$2,731Surplus
$193,810Undivided profits
Memoranda
$6,299Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$7,522Income earned, not collected on loans
$3,112Earning assets
$2,035,660Long-term assets (5+ years)
$214,922Average Assets, year-to-date
$2,218,329Average Assets, quarterly
$2,170,949Volatile liabilities
$489,755Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$142,130Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$128,949Total risk weighted assets
$756,403Total unused commitments
$0Restructured Loans and leases
$488,506Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$151,834Total interest expense
$72,124Net interest income
$79,710Provision for loan and lease losses
$9,000Total noninterest income
$28,311Fiduciary activities
$6,183Service charges on deposit accounts
$11,051Trading account gains & fees
$0Additional noninterest income
$11,077Total noninterest expense
$55,425Salaries and employee benefits
$9,111Premises and equipment expense
$7,097Additional noninterest expense
$39,217Pre-tax net operating income
$43,596Securities gains (losses)
$928Applicable income taxes
$21,867Income before extraordinary items
$22,657Extraordinary gains - net
$0Net income attributable to bank
$22,657Net charge-offs
$16,558Cash dividends
$31,000Sale, 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
7.56%Cost of funding earning assets
3.59%Net interest margin
3.97%Noninterest income to earning assets
1.41%Noninterest expense to earning assets
2.76%Net operating income to assets
0.99%Return on assets (ROA)
1.02%Pretax return on assets
2.01%Return on equity (ROE)
10.96%Retained earnings to average equity (YTD only)
-4.04%Net charge-offs to loans
2.32%Credit loss provision to net charge-offs
54.35%Efficiency ratio
39,211Assets per employee
11.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
136.82%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
120.98%Noncurrent assets plus other real estate owned to assets
0.37%Noncurrent loans to loans
1.34%Net loans and leases to deposits
33.76%Net loans and leases to core deposits
36.87%Equity capital to assets
9.15%Core capital (leverage) ratio
5.91%Tier 1 risk-based capital ratio
17.05%Total risk-based capital ratio
Memoranda
$18Average assets
$2,218,329Average earning assets
$206,682Average equity
$2,007,331Average loans

First Union National Bank of Washington, D.C. in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Washington, D.C. - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Washington, D.C. in Washington, District Of Columbia (DC)Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Washington, D.C. - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Washington, D.C. in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches