Chain Bridge Bank, National Association in Mclean, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Chain Bridge Bank, National Association in Mclean, Virginia (VA)
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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
    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
  • NoIDNameAddressEstablishedService TypeMap
    0457576Chain Bridge Bank, National Association1445-A Laughlin Avenue, Mclean, VA 22101August 06, 2007Full Service Brick and Mortar

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