Citizens Bank of Washington, National Association in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 14, 1997

  • Citizens Bank of Washington, National Association in Washington, District Of Columbia (DC)
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Citizens Bank of Washington, National Association - Overview

  • General
  • FDIC Certificate #: 12545
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crestar Bank (#12543)
    Federal Reserve ID: 474320
    Date Established: November 24, 1891
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    FDIC's unique #: 7980
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 14, 1997
    Last Structure Change Process Date: March 20, 1997
    Last Data Update: March 20, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1100 G Street, N.W., Washington, DC 20005
    County: District Of Columbia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Baltimore
    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: $289.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $60Total assets
  • $289,053Cash and due from depository institutions
  • $4,349Interest-bearing balances
  • $0Securities
  • $61,112Federal funds sold & reverse repurchase agreements
  • $25,130Net loans & leases
  • $193,059Loan loss allowance
  • $4,149Trading account assets
  • $0Bank premises and fixed assets
  • $1,783Other real estate owned
  • $0Goodwill and other intangibles
  • $3,620Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $289,053Total liabilities
  • $257,021Total deposits
  • $202,402Interest-bearing deposits
  • $170,140Deposits held in domestic offices
  • 202402.00%% insured (estimated)
  • $62Federal funds purchased & repurchase agreements
  • $42,492Trading liabilities
  • $0Other borrowed funds
  • $506Subordinated debt
  • $0All other liabilities
  • $11,621Total equity capital
  • $11,621Total bank equity capital
  • $32,032Perpetual preferred stock
  • $0Common stock
  • $2,376Surplus
  • $9,076Undivided profits
  • Memoranda
  • $20,580Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,555Income earned, not collected on loans
  • $967Earning assets
  • $279,301Long-term assets (5+ years)
  • $53,478Average Assets, year-to-date
  • $292,666Average Assets, quarterly
  • $286,869Volatile liabilities
  • $63,037Insider loans
  • $2,541FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $84,886Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $31,998Total risk weighted assets
  • $217,326Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $21,821Total interest expense
  • $8,482Net interest income
  • $13,339Provision for loan and lease losses
  • $360Total noninterest income
  • $1,614Fiduciary activities
  • $0Service charges on deposit accounts
  • $1,077Trading account gains & fees
  • $0Additional noninterest income
  • $537Total noninterest expense
  • $5,059Salaries and employee benefits
  • $2,222Premises and equipment expense
  • $931Additional noninterest expense
  • $1,906Pre-tax net operating income
  • $9,534Securities gains (losses)
  • $0Applicable income taxes
  • $3,841Income before extraordinary items
  • $5,693Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,693Net charge-offs
  • $428Cash dividends
  • $1,500Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.77%Cost of funding earning assets
  • 3.02%Net interest margin
  • 4.75%Noninterest income to earning assets
  • 0.57%Noninterest expense to earning assets
  • 1.80%Net operating income to assets
  • 1.95%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 3.26%Return on equity (ROE)
  • 18.77%Retained earnings to average equity (YTD only)
  • 13.83%Net charge-offs to loans
  • 0.21%Credit loss provision to net charge-offs
  • 84.11%Efficiency ratio
  • 33,833Assets per employee
  • 4.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.35%Loss allowance to loans
  • 2.10%Loss allowance to noncurrent loans
  • 266.82%Noncurrent assets plus other real estate owned to assets
  • 0.54%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 95.38%Net loans and leases to core deposits
  • 105.87%Equity capital to assets
  • 11.08%Core capital (leverage) ratio
  • 11.19%Tier 1 risk-based capital ratio
  • 14.72%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $292,666Average earning assets
  • $30,327Average equity
  • $280,815Average loans

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