Chevy Chase Bank, F.S.B. in Mclean, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 30, 2009

  • Chevy Chase Bank, F.S.B. in Mclean, Virginia (VA)
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Chevy Chase Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 32324
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Capital One, National Association (#4297)
    Federal Reserve ID: 686477
    Date Established: October 11, 1955
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8145
    FDIC's unique #: 45158
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: May 22, 1985
    Last Structure Change Effective Date: July 30, 2009
    Last Structure Change Process Date: October 14, 2009
    Last Data Update: October 14, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 7926 Jones Branch Drive, 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: $18,493.6 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, 2008)

  • Dollar figures in thousands
  • 3,805Total employees (full-time equivalent)
  • $16,022,456Total assets
  • $1,290,694Cash and due from depository institutions
  • $10,384Interest-bearing balances
  • $1,490,067Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $11,396,160Net loans & leases
  • $240,473Loan loss allowance
  • $368,169Trading account assets
  • $669,560Bank premises and fixed assets
  • $128,244Other real estate owned
  • $233,438Goodwill and other intangibles
  • $26,077Life insurance assets
  • $446,124All other assets
  • $16,022,456Total liabilities and capital
  • $15,209,445Total liabilities
  • $13,611,570Total deposits
  • $12,566,269Interest-bearing deposits
  • $13,611,570Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $126,469Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $936,416Other borrowed funds
  • $175,000Subordinated debt
  • $359,990All other liabilities
  • $813,011Total equity capital
  • $813,011Total bank equity capital
  • $813,011Perpetual preferred stock
  • $120,622Common stock
  • $10Surplus
  • $178,761Undivided profits
  • Memoranda
  • $513,618Noncurrent loans and leases
  • $2,676,289Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $717,015Earning assets
  • $0Long-term assets (5+ years)
  • $56,708Average Assets, year-to-date
  • $13,264,780Average Assets, quarterly
  • $0Volatile liabilities
  • $15,369,720Insider loans
  • $15,751,763FHLB advances
  • $2,711,228Loans and leases held for sale
  • $5,238Unused loan commitments
  • $441,125Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,639,289Total unused commitments
  • $619,999Restructured Loans and leases
  • $305,511Derivatives

Income and Expense (December 31, 2008)

  • Dollar figures in thousands
  • $722,302Total interest income
  • $293,815Total interest expense
  • $428,487Net interest income
  • $399,234Provision for loan and lease losses
  • $468,250Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $12,493Trading account gains & fees
  • $455,757Additional noninterest income
  • $615,772Total noninterest expense
  • $306,222Salaries and employee benefits
  • $183,932Premises and equipment expense
  • $125,618Additional noninterest expense
  • -$118,269Pre-tax net operating income
  • $10,274Securities gains (losses)
  • -$44,318Applicable income taxes
  • -$63,677Income before extraordinary items
  • $0Extraordinary gains - net
  • -$63,677Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $198,617Sale, conversion, retirement of capital stock, net
  • $10,000Net operating income

Performance and Condition Ratios (December 31, 2008)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 2.20%Cost of funding earning assets
  • 3.21%Net interest margin
  • 3.50%Noninterest income to earning assets
  • 4.61%Noninterest expense to earning assets
  • -0.46%Net operating income to assets
  • -0.41%Return on assets (ROA)
  • -0.70%Pretax return on assets
  • -7.60%Return on equity (ROE)
  • -8.80%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 201.01%Credit loss provision to net charge-offs
  • 1.41%Efficiency ratio
  • 67,845Assets per employee
  • 4.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -15.70%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 33.54%Noncurrent assets plus other real estate owned to assets
  • 5.28%Noncurrent loans to loans
  • 6.16%Net loans and leases to deposits
  • 83.72%Net loans and leases to core deposits
  • 95.26%Equity capital to assets
  • 5.07%Core capital (leverage) ratio
  • 5.55%Tier 1 risk-based capital ratio
  • 8.46%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $15,369,720Average earning assets
  • $837,645Average equity
  • $13,367,781Average loans

Total Fiduciary and Related Assets (December 31, 2008)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $6,804,380Managed Assets
  • 1Number of Accounts
  • $2,279,319Personal trust and agency accounts
  • $174,388Employee benefit-defined contribution accounts
  • $40,312Employee benefit-defined benefit accounts
  • $3,436Other retirement accounts
  • $256,975Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $1,799,540Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $4,668Non-managed Assets
  • 2325Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,525,061Other retirement accounts
  • $48,116Corporate trust and agency accounts
  • $146Other fiduciary accounts
  • $280,561Fiduciary accounts held in foreign offices

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