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)
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 WWW:http://www.cityfirstbank.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 #: 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
No
ID
Name
Address
Established
Service Type
Map
0
57111
City First Bank Of D.C., National Association
1432 U Street, N.W., Washington, DC 20009
November 24, 1998
Full Service Brick and Mortar
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