City First Bank of D.C., National Association in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • City First Bank of D.C., National Association in Washington, District Of Columbia (DC)
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City First Bank of D.C., National Association - Overview

  • General
  • FDIC Certificate #: 34352
    Status: Active
    Federal Reserve ID: 2697963
    Bank Holding Company (Regulatory Top Holder): City First Enterprises, Inc. (RSSDID: 2697954, Location: Washington, DC)
    Date Established: November 24, 1998
    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 #: 57111
    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: Commercial Lending Specialization
    Date of Deposit Insurance: November 24, 1998
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1432 U Street, N.W., Washington, DC 20009
    County: District Of Columbia
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    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)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $169.2 mil
    Equity capital: $28.1 mil
    Deposits held in domestic offices: $127.8 mil
    Return on assets (ROA): 0.83% ($1.4 mil)
    Quarterly return on assets: 0.38% ($0.6 mil)
    Return on Equity (ROE): 4.81% ($1.3 mil)
    Quarterly return on equity: 2.23% ($0.6 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.39% ($2,351.9 mil)
    Quarterly Pretax return on assets: 0.64% ($1,082.9 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, 2011)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $169,198Total assets
  • $2,070Cash and due from depository institutions
  • $210Interest-bearing balances
  • $26,395Securities
  • $6,497Federal funds sold & reverse repurchase agreements
  • $124,117Net loans & leases
  • $3,846Loan loss allowance
  • $0Trading account assets
  • $4,913Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $169,198Life insurance assets
  • $5,206All other assets
  • $141,135Total liabilities and capital
  • $127,839Total liabilities
  • $106,853Total deposits
  • $127,839Interest-bearing deposits
  • $74Deposits held in domestic offices
  • 11590.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,706Subordinated debt
  • $28,063All other liabilities
  • $28,063Total equity capital
  • $28,063Total bank equity capital
  • $0Perpetual preferred stock
  • $580Common stock
  • $22,520Surplus
  • $4,963Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,251Income earned, not collected on loans
  • $0Earning assets
  • $602Long-term assets (5+ years)
  • $157,219Average Assets, year-to-date
  • $53,367Average Assets, quarterly
  • $159,183Volatile liabilities
  • $163,152Insider loans
  • $139,777FHLB advances
  • $167,591Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $27,734Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $14,977Restructured Loans and leases
  • $1,247Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,988Total interest income
  • $685Total interest expense
  • $7,303Net interest income
  • $848Provision for loan and lease losses
  • $2,780Total noninterest income
  • $0Fiduciary activities
  • $56Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,724Additional noninterest income
  • $7,018Total noninterest expense
  • $3,872Salaries and employee benefits
  • $395Premises and equipment expense
  • $2,751Additional noninterest expense
  • $2,217Pre-tax net operating income
  • $0Securities gains (losses)
  • $900Applicable income taxes
  • $1,317Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,317Net income attributable to bank
  • $0Net charge-offs
  • $1,317Cash dividends
  • -$41Sale, conversion, retirement of capital stock, net
  • $116Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.41%Yield on earning assets
  • 0.46%Cost of funding earning assets
  • 4.95%Net interest margin
  • 1.88%Noninterest income to earning assets
  • 4.75%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 4.81%Return on equity (ROE)
  • 4.39%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -2068.29%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,602Assets per employee
  • 5.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.81%Loss allowance to loans
  • 3.01%Loss allowance to noncurrent loans
  • 73.24%Noncurrent assets plus other real estate owned to assets
  • 3.10%Noncurrent loans to loans
  • 4.10%Net loans and leases to deposits
  • 97.09%Net loans and leases to core deposits
  • 144.53%Equity capital to assets
  • 16.59%Core capital (leverage) ratio
  • 16.55%Tier 1 risk-based capital ratio
  • 19.84%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $159,183Average earning assets
  • $27,352Average equity
  • $147,684Average loans

List of branches

  • 1 District Of Columbia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057111City First Bank Of D.C., National Association1432 U Street, N.W., Washington, DC 20009November 24, 1998Full Service Brick and Mortar

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