Access National Bank in Reston, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Access National Bank - Overview

  • General
  • FDIC Certificate #: 35189
    Status: Active
    Federal Reserve ID: 2859903
    Bank Holding Company (Regulatory Top Holder): Access National Corporation (RSSDID: 3109904, Location: Reston, VA)
    Date Established: December 01, 1999
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 76154
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: December 01, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1800 Robert Fulton Drive, Suite 310, Reston, VA 20191
    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
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $808.6 mil
    Equity capital: $83.8 mil
    Deposits held in domestic offices: $648.5 mil
    Return on assets (ROA): 1.63% ($13.2 mil)
    Quarterly return on assets: 1.90% ($15.4 mil)
    Return on Equity (ROE): 15.62% ($13.1 mil)
    Quarterly return on equity: 17.87% ($15.0 mil)
    Net income: $12.5 mil
    Quarterly Net income: $3.7 mil
    Pretax return on assets: 2.52% ($20,377.9 mil)
    Quarterly Pretax return on assets: 2.91% ($23,531.6 mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2011)

  • Dollar figures in thousands
  • 286Total employees (full-time equivalent)
  • $808,645Total assets
  • $43,909Cash and due from depository institutions
  • $38,547Interest-bearing balances
  • $85,824Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $652,788Net loans & leases
  • $11,738Loan loss allowance
  • $0Trading account assets
  • $8,671Bank premises and fixed assets
  • $0Other real estate owned
  • $110Goodwill and other intangibles
  • $808,645Life insurance assets
  • $17,343All other assets
  • $724,860Total liabilities and capital
  • $648,456Total liabilities
  • $534,515Total deposits
  • $648,456Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 29904.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $34,821Trading liabilities
  • $0Other borrowed funds
  • $11,679Subordinated debt
  • $83,785All other liabilities
  • $83,785Total equity capital
  • $83,785Total bank equity capital
  • $0Perpetual preferred stock
  • $5,850Common stock
  • $27,448Surplus
  • $50,487Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $95,126Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,703Income earned, not collected on loans
  • $160Earning assets
  • $2,562Long-term assets (5+ years)
  • $777,159Average Assets, year-to-date
  • $160,561Average Assets, quarterly
  • $766,109Volatile liabilities
  • $786,347Insider loans
  • $617,618FHLB advances
  • $820,836Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $83,614Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $141,002Restructured Loans and leases
  • $11,119Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $35,167Total interest income
  • $6,845Total interest expense
  • $28,322Net interest income
  • $1,149Provision for loan and lease losses
  • $36,384Total noninterest income
  • $0Fiduciary activities
  • $693Service charges on deposit accounts
  • $0Trading account gains & fees
  • $35,691Additional noninterest income
  • $44,221Total noninterest expense
  • $25,415Salaries and employee benefits
  • $2,931Premises and equipment expense
  • $15,875Additional noninterest expense
  • $19,336Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,865Applicable income taxes
  • $12,471Income before extraordinary items
  • $0Extraordinary gains - net
  • $12,471Net income attributable to bank
  • $0Net charge-offs
  • $12,471Cash dividends
  • -$62Sale, conversion, retirement of capital stock, net
  • $5,361Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.83%Yield on earning assets
  • 0.94%Cost of funding earning assets
  • 3.89%Net interest margin
  • 4.99%Noninterest income to earning assets
  • 6.07%Noninterest expense to earning assets
  • 1.63%Net operating income to assets
  • 1.63%Return on assets (ROA)
  • 2.52%Pretax return on assets
  • 15.62%Return on equity (ROE)
  • 8.90%Retained earnings to average equity (YTD only)
  • -0.01%Net charge-offs to loans
  • -1853.23%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 68,341Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.99%Loss allowance to loans
  • 1.77%Loss allowance to noncurrent loans
  • 175.12%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 100.67%Net loans and leases to core deposits
  • 166.47%Equity capital to assets
  • 10.36%Core capital (leverage) ratio
  • 10.19%Tier 1 risk-based capital ratio
  • 13.54%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $766,109Average earning assets
  • $79,847Average equity
  • $728,627Average loans

List of branches

  • 5 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    076154Access National Bank1800 Robert Fulton Drive, Suite 310, Reston, VA 20191December 01, 1999Full Service Brick and Mortar
    1454318Chantilly Branch14006 Lee Jackson Memorial Hwy., Chantilly, VA 20151June 30, 2006Full Service Brick and Mortar
    2454319Tysons Corner Branch8233 Old Courthouse Road Suite 120, Vienna, VA 22182June 30, 2006Full Service Brick and Mortar
    3463521Leesburg Office Branch300 Fort Evans Road Ne, Suite 103, Leesburg, VA 20176Febuary 26, 2007Full Service Brick and Mortar
    4470106Manassas Office8525 Rolling Road, Manassas, VA 20110November 19, 2007Full Service Brick and Mortar

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