Cardinal Bank-Potomac in Mclean, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 01, 2001

  • Cardinal Bank-Potomac in Mclean, Virginia (VA)
  • Show street view No street view available for this location

Cardinal Bank-Potomac - Overview

  • General
  • FDIC Certificate #: 27023
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Cardinal Bank (#34733)
    Federal Reserve ID: 742225
    Date Established: August 10, 1987
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 36474
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: August 10, 1987
    Last Structure Change Effective Date: November 01, 2001
    Last Structure Change Process Date: January 31, 2002
    Last Data Update: January 31, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1313 Dolley Madison Boulevard, Mclean, VA 22101
    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)
  • Financial Summary
  • Total assets: $66.0 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 18Total employees (full-time equivalent)
  • $52,669Total assets
  • $1,611Cash and due from depository institutions
  • $0Interest-bearing balances
  • $5,381Securities
  • $5,648Federal funds sold & reverse repurchase agreements
  • $38,463Net loans & leases
  • $477Loan loss allowance
  • $0Trading account assets
  • $1,011Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $555All other assets
  • $52,669Total liabilities and capital
  • $49,270Total liabilities
  • $47,246Total deposits
  • $33,959Interest-bearing deposits
  • $47,246Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $890Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,134All other liabilities
  • $3,399Total equity capital
  • $3,399Total bank equity capital
  • $3,399Perpetual preferred stock
  • $0Common stock
  • $2,353Surplus
  • $4,435Undivided profits
  • Memoranda
  • $-3,389Noncurrent loans and leases
  • $12,880Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $343Average Assets, year-to-date
  • $49,492Average Assets, quarterly
  • $8,102Volatile liabilities
  • $60,970Insider loans
  • $57,204FHLB advances
  • $9,041Loans and leases held for sale
  • $765Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,880Total unused commitments
  • $0Restructured Loans and leases
  • $477Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $1,637Total interest income
  • $627Total interest expense
  • $1,010Net interest income
  • $56Provision for loan and lease losses
  • $82Total noninterest income
  • $0Fiduciary activities
  • $37Service charges on deposit accounts
  • $0Trading account gains & fees
  • $45Additional noninterest income
  • $842Total noninterest expense
  • $525Salaries and employee benefits
  • $216Premises and equipment expense
  • $101Additional noninterest expense
  • $194Pre-tax net operating income
  • $0Securities gains (losses)
  • -$9Applicable income taxes
  • $203Income before extraordinary items
  • $0Extraordinary gains - net
  • $203Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.92%Yield on earning assets
  • 1.12%Cost of funding earning assets
  • 1.80%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 1.50%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.32%Pretax return on assets
  • 3.02%Return on equity (ROE)
  • 3.02%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 77,106Assets per employee
  • 2.93%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 81.41%Net loans and leases to core deposits
  • 98.38%Equity capital to assets
  • 6.45%Core capital (leverage) ratio
  • 6.05%Tier 1 risk-based capital ratio
  • 8.26%Total risk-based capital ratio
  • Memoranda
  • $9Average assets
  • $60,970Average earning assets
  • $6,724Average equity
  • $56,022Average loans

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