Chain Bridge Bank, National Association - Overview
General
FDIC Certificate #: 58595 Status: Active Federal Reserve ID: 3597211 Bank Holding Company (Regulatory Top Holder): Chain Bridge Bancorp, Inc. (RSSDID: 3597220, Location: Mclean, VA) Date Established: August 06, 2007 WWW:http://www.chainbridgebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 457576 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: August 06, 2007 Last Structure Change Effective Date: August 06, 2007 Last Structure Change Process Date: December 05, 2007 Last Data Update: December 05, 2007 Data Source Date: April 05, 2012
Location
Address: 1445-A Laughlin Avenue, 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)
History of Changes
Change in Location
Change in Geographic Region/Area/Territory/Field Office
New Institution
Financial Summary
Total assets: $292.1 mil Equity capital: $26.5 mil Deposits held in domestic offices: $263.3 mil Return on assets (ROA): 1.04% ($3.0 mil) Quarterly return on assets: 1.00% ($2.9 mil) Return on Equity (ROE): 10.68% ($2.8 mil) Quarterly return on equity: 10.87% ($2.8 mil) Net income: $2.4 mil Quarterly Net income: $0.7 mil Pretax return on assets: 1.33% ($3,884.9 mil) Quarterly Pretax return on assets: 1.27% ($3,709.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
27Total employees (full-time equivalent)
$292,099Total assets
$35,974Cash and due from depository institutions
$32,234Interest-bearing balances
$161,362Securities
$8Federal funds sold & reverse repurchase agreements
$85,050Net loans & leases
$1,541Loan loss allowance
$0Trading account assets
$6,658Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$292,099Life insurance assets
$3,047All other assets
$265,605Total liabilities and capital
$263,334Total liabilities
$113,583Total deposits
$263,334Interest-bearing deposits
$83Deposits held in domestic offices
151.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,120Subordinated debt
$26,494All other liabilities
$26,494Total equity capital
$26,494Total bank equity capital
$0Perpetual preferred stock
$20Common stock
$19,730Surplus
$6,744Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$1,277Long-term assets (5+ years)
$278,654Average Assets, year-to-date
$104,262Average Assets, quarterly
$231,009Volatile liabilities
$274,519Insider loans
$159,283FHLB advances
$268,276Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$23,406Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,267Restructured Loans and leases
$7,610Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,961Total interest income
$862Total interest expense
$8,099Net interest income
$160Provision for loan and lease losses
$229Total noninterest income
$0Fiduciary activities
$141Service charges on deposit accounts
$0Trading account gains & fees
$88Additional noninterest income
$5,277Total noninterest expense
$3,028Salaries and employee benefits
$329Premises and equipment expense
$1,920Additional noninterest expense
$2,891Pre-tax net operating income
$181Securities gains (losses)
$669Applicable income taxes
$2,403Income before extraordinary items
$0Extraordinary gains - net
$2,403Net income attributable to bank
$0Net charge-offs
$2,403Cash dividends
$66Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.13%Yield on earning assets
0.40%Cost of funding earning assets
3.74%Net interest margin
0.11%Noninterest income to earning assets
2.43%Noninterest expense to earning assets
0.98%Net operating income to assets
1.04%Return on assets (ROA)
1.33%Pretax return on assets
10.68%Return on equity (ROE)
10.68%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
242.42%Credit loss provision to net charge-offs
46.23%Efficiency ratio
63,365Assets per employee
10.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.78%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.00%Net loans and leases to deposits
32.30%Net loans and leases to core deposits
33.43%Equity capital to assets
9.07%Core capital (leverage) ratio
8.72%Tier 1 risk-based capital ratio
14.69%Total risk-based capital ratio
Memoranda
$16Average assets
$231,009Average earning assets
$22,506Average equity
$216,757Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
457576
Chain Bridge Bank, National Association
1445-A Laughlin Avenue, Mclean, VA 22101
August 06, 2007
Full Service Brick and Mortar
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