Adams National Bank in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 2011

  • Adams National Bank in Washington, District Of Columbia (DC)
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Adams National Bank - Overview

  • General
  • FDIC Certificate #: 22658
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier Bank, Inc. (#34837)
    Federal Reserve ID: 659622
    Date Established: May 15, 1978
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 12102
    FDIC's unique #: 15812
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 15, 1978
    Last Structure Change Effective Date: April 08, 2011
    Last Structure Change Process Date: April 26, 2011
    Last Data Update: April 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 1130 Connecticut Avenue, N.W., Suite 200, Washington, DC 20036
    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: $271.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)

  • Dollar figures in thousands
  • 52Total employees (full-time equivalent)
  • $284,074Total assets
  • $47,986Cash and due from depository institutions
  • $46,058Interest-bearing balances
  • $58,598Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $157,622Net loans & leases
  • $1,641Loan loss allowance
  • $0Trading account assets
  • $663Bank premises and fixed assets
  • $5,843Other real estate owned
  • $1,326Goodwill and other intangibles
  • $0Life insurance assets
  • $12,036All other assets
  • $284,074Total liabilities and capital
  • $253,304Total liabilities
  • $226,552Total deposits
  • $157,618Interest-bearing deposits
  • $226,552Deposits held in domestic offices
  • 81.35%% insured (estimated)
  • $15,593Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $10,292Other borrowed funds
  • $0Subordinated debt
  • $867All other liabilities
  • $30,770Total equity capital
  • $30,770Total bank equity capital
  • $30,770Perpetual preferred stock
  • $0Common stock
  • $1,000Surplus
  • $28,338Undivided profits
  • Memoranda
  • $1,432Noncurrent loans and leases
  • $9,812Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $36,504Earning assets
  • $2,504Long-term assets (5+ years)
  • $694Average Assets, year-to-date
  • $262,278Average Assets, quarterly
  • $57,773Volatile liabilities
  • $275,236Insider loans
  • $280,109FHLB advances
  • $67,987Loans and leases held for sale
  • $0Unused loan commitments
  • $10,292Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,812Total unused commitments
  • $0Restructured Loans and leases
  • $1,641Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $12,663Total interest income
  • $1,874Total interest expense
  • $10,789Net interest income
  • $1,647Provision for loan and lease losses
  • $1,748Total noninterest income
  • $0Fiduciary activities
  • $435Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,313Additional noninterest income
  • $9,093Total noninterest expense
  • $3,427Salaries and employee benefits
  • $1,736Premises and equipment expense
  • $3,930Additional noninterest expense
  • $1,797Pre-tax net operating income
  • $0Securities gains (losses)
  • $636Applicable income taxes
  • $1,161Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,161Net income attributable to bank
  • $0Net charge-offs
  • $1,161Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.03%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 4.29%Net interest margin
  • 0.69%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 3.79%Return on equity (ROE)
  • 3.79%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 1583.65%Credit loss provision to net charge-offs
  • 33.12%Efficiency ratio
  • 70,089Assets per employee
  • 5.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 4.50%Noncurrent assets plus other real estate owned to assets
  • 14.91%Noncurrent loans to loans
  • 22.92%Net loans and leases to deposits
  • 69.57%Net loans and leases to core deposits
  • 90.51%Equity capital to assets
  • 10.83%Core capital (leverage) ratio
  • 9.06%Tier 1 risk-based capital ratio
  • 15.13%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $275,236Average earning assets
  • $30,637Average equity
  • $251,686Average loans

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