Signet Bank, National Association in Falls Church, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1996

  • Signet Bank, National Association in Falls Church, Virginia (VA)
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Signet Bank, National Association - Overview

  • General
  • FDIC Certificate #: 12544
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Signet Bank (#11589)
    Federal Reserve ID: 989628
    Date Established: January 01, 1913
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 16 (Interstate: No)
    FDIC's unique #: 7979
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 01, 1996
    Last Structure Change Process Date: June 26, 1996
    Last Data Update: June 26, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 7799 Leesburg Pike, Falls Church, VA 22043
    County: Falls Church 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: $667.2 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)
  • $104Total assets
  • $640,396Cash and due from depository institutions
  • $36,800Interest-bearing balances
  • $0Securities
  • $164,945Federal funds sold & reverse repurchase agreements
  • $327,848Net loans & leases
  • $98,881Loan loss allowance
  • $4,331Trading account assets
  • $0Bank premises and fixed assets
  • $3,712Other real estate owned
  • $0Goodwill and other intangibles
  • $3,267Life insurance assets
  • $4,943All other assets
  • $0Total liabilities and capital
  • $640,396Total liabilities
  • $565,773Total deposits
  • $425,592Interest-bearing deposits
  • $282,527Deposits held in domestic offices
  • 425592.00%% insured (estimated)
  • $68Federal funds purchased & repurchase agreements
  • $118,174Trading liabilities
  • $0Other borrowed funds
  • $491Subordinated debt
  • $0All other liabilities
  • $21,516Total equity capital
  • $21,516Total bank equity capital
  • $74,623Perpetual preferred stock
  • $0Common stock
  • $17,294Surplus
  • $17,345Undivided profits
  • Memoranda
  • $39,984Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,556Income earned, not collected on loans
  • $686Earning assets
  • $591,674Long-term assets (5+ years)
  • $95,596Average Assets, year-to-date
  • $633,785Average Assets, quarterly
  • $647,640Volatile liabilities
  • $136,641Insider loans
  • $2,500FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $57,898Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $65,660Total risk weighted assets
  • $200,183Total unused commitments
  • $0Restructured Loans and leases
  • $120,000Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $40,502Total interest expense
  • $14,273Net interest income
  • $26,229Provision for loan and lease losses
  • -$1,000Total noninterest income
  • $7,668Fiduciary activities
  • $0Service charges on deposit accounts
  • $6,846Trading account gains & fees
  • $0Additional noninterest income
  • $822Total noninterest expense
  • $17,909Salaries and employee benefits
  • $3,844Premises and equipment expense
  • $3,034Additional noninterest expense
  • $11,031Pre-tax net operating income
  • $16,988Securities gains (losses)
  • $23Applicable income taxes
  • $6,968Income before extraordinary items
  • $10,043Extraordinary gains - net
  • $0Net income attributable to bank
  • $10,043Net charge-offs
  • $837Cash dividends
  • $3,285Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.95%Cost of funding earning assets
  • 2.45%Net interest margin
  • 4.50%Noninterest income to earning assets
  • 1.32%Noninterest expense to earning assets
  • 3.07%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.58%Pretax return on assets
  • 2.68%Return on equity (ROE)
  • 14.39%Retained earnings to average equity (YTD only)
  • 9.68%Net charge-offs to loans
  • 0.75%Credit loss provision to net charge-offs
  • -119.47%Efficiency ratio
  • 47,777Assets per employee
  • 6.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.71%Loss allowance to loans
  • 4.20%Loss allowance to noncurrent loans
  • 278.34%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 23.23%Net loans and leases to core deposits
  • 24.26%Equity capital to assets
  • 11.65%Core capital (leverage) ratio
  • 10.90%Tier 1 risk-based capital ratio
  • 32.80%Total risk-based capital ratio
  • Memoranda
  • $34Average assets
  • $633,785Average earning assets
  • $69,797Average equity
  • $582,446Average loans

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