Bank of Georgetown in Washington, District Of Columbia (DC), VA, MD
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Bank of Georgetown in Washington, District Of Columbia (DC), VA, MD
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Bank of Georgetown - Overview

  • General
  • FDIC Certificate #: 57941
    Status: Active
    Federal Reserve ID: 3329702
    Date Established: May 13, 2005
    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
    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)

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
  • 88Total employees (full-time equivalent)
  • $632,645Total assets
  • $29,707Cash and due from depository institutions
  • $8,231Interest-bearing balances
  • $140,007Securities
  • $39,321Federal funds sold & reverse repurchase agreements
  • $409,782Net loans & leases
  • $5,155Loan loss allowance
  • $0Trading account assets
  • $4,760Bank premises and fixed assets
  • $1,424Other real estate owned
  • $0Goodwill and other intangibles
  • $632,645Life insurance assets
  • $7,644All other assets
  • $558,951Total liabilities and capital
  • $513,533Total liabilities
  • $365,324Total deposits
  • $513,533Interest-bearing deposits
  • $71Deposits held in domestic offices
  • 21359.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $4,059Subordinated debt
  • $73,694All other liabilities
  • $73,694Total equity capital
  • $73,694Total bank equity capital
  • $0Perpetual preferred stock
  • $55Common stock
  • $70,681Surplus
  • $2,958Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,278Income earned, not collected on loans
  • $0Earning assets
  • $2,206Long-term assets (5+ years)
  • $597,341Average Assets, year-to-date
  • $113,830Average Assets, quarterly
  • $543,283Volatile liabilities
  • $602,588Insider loans
  • $508,510FHLB advances
  • $583,881Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $72,744Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $121,901Restructured Loans and leases
  • $5,898Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,945Total interest income
  • $4,634Total interest expense
  • $20,311Net interest income
  • $2,679Provision for loan and lease losses
  • $855Total noninterest income
  • $0Fiduciary activities
  • $295Service charges on deposit accounts
  • $0Trading account gains & fees
  • $560Additional noninterest income
  • $15,645Total noninterest expense
  • $8,995Salaries and employee benefits
  • $2,953Premises and equipment expense
  • $3,697Additional noninterest expense
  • $2,842Pre-tax net operating income
  • $1,098Securities gains (losses)
  • $1,528Applicable income taxes
  • $2,412Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,412Net income attributable to bank
  • $0Net charge-offs
  • $2,412Cash dividends
  • $628Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.82%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.93%Net interest margin
  • 0.17%Noninterest income to earning assets
  • 3.02%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • 0.73%Pretax return on assets
  • 3.84%Return on equity (ROE)
  • 3.84%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 426.59%Credit loss provision to net charge-offs
  • 8.79%Efficiency ratio
  • 73,916Assets per employee
  • 7.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 120.50%Noncurrent assets plus other real estate owned to assets
  • 0.90%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 79.80%Net loans and leases to core deposits
  • 107.62%Equity capital to assets
  • 11.65%Core capital (leverage) ratio
  • 12.46%Tier 1 risk-based capital ratio
  • 14.31%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $543,283Average earning assets
  • $62,751Average equity
  • $517,461Average loans

List of branches

  • 6 District Of Columbia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0432038Bank Of Georgetown1001 Wisconsin Avenue, N.W., Washington, DC 20007May 13, 2005Full Service Brick and Mortar
    145757744th Street Branch5236 44th Street, Nw, Washington, DC 20015January 26, 2006Full Service Brick and Mortar
    3468449Connecticut Avenue Branch1101 Connecticut Avenue, N.W., Washington, DC 20036October 09, 2007Full Service Brick and Mortar
    448064514th And I Street Branch1350 I Street, N.W., Washington, DC 20005September 02, 2008Full Service Brick and Mortar
    5480646Penn Quarter Branch444 8th Street, N.W., Washington, DC 20004September 02, 2008Full Service Brick and Mortar
    7517255Ellilngton Branch1301 U Street, N.W., Washington, DC 20009January 24, 2011Full Service Brick and Mortar
  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    6484700Bethesda Branch7625 Wisconsin Avenue, Bethesda, MD 20814December 22, 2008Full Service Brick and Mortar
  • 2 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2463998Arlington Branch2300 Wilson Boulevard, Arlington, VA 22201June 01, 2007Full Service Brick and Mortar
    8522208Tyson Corner-Virginia1850 Towers Crescent Plaza, Vienna, VA 22182August 29, 2011Full Service Brick and Mortar

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