Cardinal Bank in Mc Lean, Virginia (VA), DC, MD
Overview, Financial Summary, Detailed Financial Reports, Branches


Cardinal Bank - Overview

  • General
  • FDIC Certificate #: 34733
    Status: Active
    Federal Reserve ID: 2683014
    Bank Holding Company (Regulatory Top Holder): Cardinal Financial Corporation (RSSDID: 2682996, Location: Mclean, VA)
    Date Established: June 08, 1998
    WWW: http://www.cardinalbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 28 (Domestic: 28, Interstate: Yes)
    FDIC's unique #: 61417
    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: June 08, 1998
    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: 8270 Greensboro Dr. Suite 500, Mc Lean, VA 22102
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $2,594.6 mil
    Equity capital: $265.3 mil
    Deposits held in domestic offices: $1,808.7 mil
    Return on assets (ROA): 1.36% ($35.3 mil)
    Quarterly return on assets: 1.38% ($35.8 mil)
    Return on Equity (ROE): 12.63% ($33.5 mil)
    Quarterly return on equity: 13.55% ($35.9 mil)
    Net income: $31.0 mil
    Quarterly Net income: $8.9 mil
    Pretax return on assets: 2.05% ($53,189.6 mil)
    Quarterly Pretax return on assets: 2.04% ($52,930.1 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, 2011)

  • Dollar figures in thousands
  • 502Total employees (full-time equivalent)
  • $2,594,615Total assets
  • $29,385Cash and due from depository institutions
  • $12,674Interest-bearing balances
  • $308,478Securities
  • $7,143Federal funds sold & reverse repurchase agreements
  • $2,135,223Net loans & leases
  • $26,159Loan loss allowance
  • $0Trading account assets
  • $18,587Bank premises and fixed assets
  • $3,046Other real estate owned
  • $10,467Goodwill and other intangibles
  • $2,594,615Life insurance assets
  • $82,286All other assets
  • $2,329,333Total liabilities and capital
  • $1,808,721Total liabilities
  • $1,708,444Total deposits
  • $1,808,721Interest-bearing deposits
  • $58Deposits held in domestic offices
  • 194766.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $295,000Trading liabilities
  • $0Other borrowed funds
  • $30,846Subordinated debt
  • $265,282All other liabilities
  • $265,282Total equity capital
  • $265,282Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $150,378Surplus
  • $110,904Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $529,500Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $14,824Income earned, not collected on loans
  • $0Earning assets
  • $7,046Long-term assets (5+ years)
  • $2,463,518Average Assets, year-to-date
  • $746,193Average Assets, quarterly
  • $2,280,815Volatile liabilities
  • $2,569,388Insider loans
  • $2,258,664FHLB advances
  • $2,463,097Loans and leases held for sale
  • $35,154Unused loan commitments
  • $1,174Tier 1 (core) risk-based capital
  • $243,093Tier 2 risk-based capital
  • $33,980Total risk weighted assets
  • $0Total unused commitments
  • $836,468Restructured Loans and leases
  • $58,094Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $102,878Total interest income
  • $22,900Total interest expense
  • $79,978Net interest income
  • $6,910Provision for loan and lease losses
  • $31,486Total noninterest income
  • $2,263Fiduciary activities
  • $1,767Service charges on deposit accounts
  • $0Trading account gains & fees
  • $27,456Additional noninterest income
  • $60,182Total noninterest expense
  • $26,447Salaries and employee benefits
  • $10,895Premises and equipment expense
  • $22,840Additional noninterest expense
  • $44,372Pre-tax net operating income
  • $2,397Securities gains (losses)
  • $15,764Applicable income taxes
  • $31,005Income before extraordinary items
  • $0Extraordinary gains - net
  • $31,005Net income attributable to bank
  • $0Net charge-offs
  • $31,005Cash dividends
  • $4,961Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.71%Net interest margin
  • 1.46%Noninterest income to earning assets
  • 2.79%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 12.63%Return on equity (ROE)
  • 12.63%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 139.29%Credit loss provision to net charge-offs
  • 10.34%Efficiency ratio
  • 53,815Assets per employee
  • 5.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 176.46%Noncurrent assets plus other real estate owned to assets
  • 0.69%Noncurrent loans to loans
  • 0.69%Net loans and leases to deposits
  • 118.05%Net loans and leases to core deposits
  • 176.79%Equity capital to assets
  • 10.22%Core capital (leverage) ratio
  • 9.87%Tier 1 risk-based capital ratio
  • 10.76%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,280,815Average earning assets
  • $245,393Average equity
  • $2,156,458Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,748,502Managed Assets
  • 1Number of Accounts
  • $2,640,925Personal trust and agency accounts
  • $2,022Employee benefit-defined contribution accounts
  • $2,606,753Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $1,787Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $25,242Other fiduciary accounts
  • $5,121Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1840Number of Accounts
  • $0Personal trust and agency accounts
  • $1,787Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $107,577Other retirement accounts
  • $2,270Corporate trust and agency accounts
  • $92,565Other fiduciary accounts
  • $12,742Fiduciary accounts held in foreign offices

List of branches

  • 1 District Of Columbia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    24449824K Street Branch1776 K Street, Nw, Washington, DC 20006Febuary 21, 2006Full Service Brick and Mortar
  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    26458386Bethesda Branch7315 Wisconsin Avenue, Bethesda, MD 20814January 31, 2007Full Service Brick and Mortar
  • 26 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061417Cardinal Bank8270 Greensboro Dr. Suite 500, Mc Lean, VA 22102June 08, 1998Full Service Brick and Mortar
    1290796Cardinal Messenger BranchMain Street, Fairfax, VA 22030August 03, 1998Limited Service Messenger
    2356720Alexandria Branch1737 King Street, Alexandria, VA 22314June 05, 2000Full Service Brick and Mortar
    476161Reston Branch11150 Sunset Hills Road, Reston, VA 20190August 02, 1999Full Service Brick and Mortar
    5358551Sterling Branch46005 Regal Plaza St 180, Sterling, VA 20165April 05, 1999Full Service Brick and Mortar
    636474Mclean Branch1313 Dolley Madison Boulevard, Mclean, VA 22101August 10, 1987Full Service Brick and Mortar
    7356997Tysons Branch1650 Tysons Blvd, Suite 100, Mclean, VA 22102May 15, 2000Full Service Brick and Mortar
    875138Manassas Branch9626 Center Street, Manassas, VA 20110July 19, 1999Full Service Brick and Mortar
    9366243Arlington Branch2100 North Glebe Road, Arlington, VA 22207November 04, 2002Full Service Brick and Mortar
    10425181Woodbridge Branch13870 Smoketown Road - (Dale City), Woodbridge, VA 22192December 15, 2003Full Service Brick and Mortar
    11430911Fairfax Branch10641 Fairfax Blvd, Fairfax, VA 22030June 08, 1998Full Service Brick and Mortar
    12430912Leesburg Branch20 Catoctin Circle Se, Leesburg, VA 20175October 01, 2003Full Service Brick and Mortar
    13430913Herndon Branch199 Elden Street, Herndon, VA 20170Febuary 27, 2004Full Service Brick and Mortar
    14430914University Mall Branch10695 Braddock Road, Fairfax, VA 22030June 01, 2004Full Service Brick and Mortar
    15432618Stafford Branch289 Garrisonville Road, Stafford, VA 22554September 01, 2004Full Service Brick and Mortar
    16432625Fredericksburg Branch501 C Jefferson David Hwy, Fredericksburg, VA 22401August 02, 2004Full Service Brick and Mortar
    17433874Union Mill5766 Union Mill Road, Clifton, VA 20124December 13, 2004Full Service Brick and Mortar
    18441833Woodbridge Parkway14000 Jefferson Davis Highway, Woodbridge, VA 22191June 27, 2005Full Service Brick and Mortar
    19443980Annandale Branch4115 Annandale Road, Annandale, VA 22003November 01, 2004Full Service Brick and Mortar
    20444007Purcellville Branch440 East Main Street, Purcellville, VA 20132November 15, 2004Full Service Brick and Mortar
    21444347Sterling Park Branch101 Enterprise Street, Sterling, VA 20164Febuary 03, 2005Full Service Brick and Mortar
    22445551Fairfax Corner Branch4100 Monument Corner Drive, Fairfax, VA 22030October 31, 2005Full Service Brick and Mortar
    25451227Chantilly Branch14000 Sullyfield Circle, Chantilly, VA 20151May 08, 2006Full Service Brick and Mortar
    27461388Washington Boulevard Branch3434 North Washington Boulevard, Arlington, VA 22201March 09, 2007Full Service Brick and Mortar
    28508875Wilson Boulevard Branch2505 Wilson Boulevard, Arlington, VA 22201May 10, 2010Full Service Brick and Mortar
    29520019Williamsburg Bouelvard Branch6402 Williamsburg Boulevard, Arlington, VA 22207May 23, 2011Full Service Brick and Mortar

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