Bank of Georgetown in Washington, District Of Columbia (DC), VA, MD
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| Bank of Georgetown | |
|---|---|
| General | FDIC Certificate #: 57941 Status: Active Federal Reserve ID: 3329702 Date Established: May 13, 2005 WWW: http://www.bankofgeorgetown.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 9 (Domestic: 9, Interstate: Yes) FDIC's unique #: 432038 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: May 13, 2005 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: 1001 Wisconsin Avenue, N.W., Washington, DC 20007 County: District Of Columbia Quarterly Banking Profile Region: New York FDIC Geographic Region: New York FDIC Supervisory Region: New York 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) |
| History of Changes | Name Change Corrections Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $632.6 mil Equity capital: $73.7 mil Deposits held in domestic offices: $513.5 mil Return on assets (ROA): 0.44% ($2.8 mil) Quarterly return on assets: 0.48% ($3.0 mil) Return on Equity (ROE): 3.84% ($2.8 mil) Quarterly return on equity: 3.89% ($2.9 mil) Net income: $2.4 mil Quarterly Net income: $0.7 mil Pretax return on assets: 0.73% ($4,618.3 mil) Quarterly Pretax return on assets: 0.76% ($4,808.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 88 |
| Total assets | $632,645 |
| Cash and due from depository institutions | $29,707 |
| Interest-bearing balances | $8,231 |
| Securities | $140,007 |
| Federal funds sold & reverse repurchase agreements | $39,321 |
| Net loans & leases | $409,782 |
| Loan loss allowance | $5,155 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,760 |
| Other real estate owned | $1,424 |
| Goodwill and other intangibles | $0 |
| All other assets | $7,644 |
| Life insurance assets | $632,645 |
| Total liabilities and capital | $558,951 |
| Total liabilities | $513,533 |
| Total deposits | $365,324 |
| Interest-bearing deposits | $513,533 |
| Deposits held in domestic offices | $71 |
| % insured (estimated) | 21359.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $20,000 |
| Other borrowed funds | $0 |
| Subordinated debt | $4,059 |
| All other liabilities | $73,694 |
| Total equity capital | $73,694 |
| Total bank equity capital | $73,694 |
| Perpetual preferred stock | $0 |
| Common stock | $55 |
| Surplus | $70,681 |
| Undivided profits | $2,958 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $4,278 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $2,206 |
| Average Assets, year-to-date | $597,341 |
| Average Assets, quarterly | $113,830 |
| Volatile liabilities | $543,283 |
| Insider loans | $602,588 |
| FHLB advances | $508,510 |
| Loans and leases held for sale | $583,881 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $72,744 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $121,901 |
| Derivatives | $5,898 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $24,945 |
| Total interest expense | $4,634 |
| Net interest income | $20,311 |
| Provision for loan and lease losses | $2,679 |
| Total noninterest income | $855 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $295 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $560 |
| Total noninterest expense | $15,645 |
| Salaries and employee benefits | $8,995 |
| Premises and equipment expense | $2,953 |
| Additional noninterest expense | $3,697 |
| Pre-tax net operating income | $2,842 |
| Securities gains (losses) | $1,098 |
| Applicable income taxes | $1,528 |
| Income before extraordinary items | $2,412 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,412 |
| Net charge-offs | $0 |
| Cash dividends | $2,412 |
| Sale, conversion, retirement of capital stock, net | $628 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.82% |
| Cost of funding earning assets | 0.90% |
| Net interest margin | 3.93% |
| Noninterest income to earning assets | 0.17% |
| Noninterest expense to earning assets | 3.02% |
| Net operating income to assets | 0.31% |
| Return on assets (ROA) | 0.44% |
| Pretax return on assets | 0.73% |
| Return on equity (ROE) | 3.84% |
| Retained earnings to average equity (YTD only) | 3.84% |
| Net charge-offs to loans | 0.17% |
| Credit loss provision to net charge-offs | 426.59% |
| Efficiency ratio | 8.79% |
| Assets per employee | $73,916 |
| Cash dividends to net income (YTD only) | 7.19% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.24% |
| Noncurrent assets plus other real estate owned to assets | 120.50% |
| Noncurrent loans to loans | 0.90% |
| Net loans and leases to deposits | 1.03% |
| Net loans and leases to core deposits | 79.80% |
| Equity capital to assets | 107.62% |
| Core capital (leverage) ratio | 11.65% |
| Tier 1 risk-based capital ratio | 12.46% |
| Total risk-based capital ratio | 14.31% |
| Memoranda | |
| Average assets | $15 |
| Average earning assets | $543,283 |
| Average equity | $62,751 |
| Average loans | $517,461 |
| 6 District Of Columbia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 432038 | Bank Of Georgetown | 1001 Wisconsin Avenue, N.W., Washington, DC 20007 | May 13, 2005 | Full Service Brick and Mortar |  |
| 1 | 457577 | 44th Street Branch | 5236 44th Street, Nw, Washington, DC 20015 | January 26, 2006 | Full Service Brick and Mortar |  |
| 3 | 468449 | Connecticut Avenue Branch | 1101 Connecticut Avenue, N.W., Washington, DC 20036 | October 09, 2007 | Full Service Brick and Mortar | |
| 4 | 480645 | 14th And I Street Branch | 1350 I Street, N.W., Washington, DC 20005 | September 02, 2008 | Full Service Brick and Mortar | |
| 5 | 480646 | Penn Quarter Branch | 444 8th Street, N.W., Washington, DC 20004 | September 02, 2008 | Full Service Brick and Mortar | |
| 7 | 517255 | Ellilngton Branch | 1301 U Street, N.W., Washington, DC 20009 | January 24, 2011 | Full Service Brick and Mortar | |
| 1 Maryland Branch as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 6 | 484700 | Bethesda Branch | 7625 Wisconsin Avenue, Bethesda, MD 20814 | December 22, 2008 | Full Service Brick and Mortar | |
| 2 Virginia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 2 | 463998 | Arlington Branch | 2300 Wilson Boulevard, Arlington, VA 22201 | June 01, 2007 | Full Service Brick and Mortar | |
| 8 | 522208 | Tyson Corner-Virginia | 1850 Towers Crescent Plaza, Vienna, VA 22182 | August 29, 2011 | Full Service Brick and Mortar | |
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