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 routing number info
Table of contents:
| City First Bank of D.C., National Association | |
|---|---|
| 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) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 32 |
| Total assets | $169,198 |
| Cash and due from depository institutions | $2,070 |
| Interest-bearing balances | $210 |
| Securities | $26,395 |
| Federal funds sold & reverse repurchase agreements | $6,497 |
| Net loans & leases | $124,117 |
| Loan loss allowance | $3,846 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $4,913 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $5,206 |
| Life insurance assets | $169,198 |
| Total liabilities and capital | $141,135 |
| Total liabilities | $127,839 |
| Total deposits | $106,853 |
| Interest-bearing deposits | $127,839 |
| Deposits held in domestic offices | $74 |
| % insured (estimated) | 11590.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $1,706 |
| All other liabilities | $28,063 |
| Total equity capital | $28,063 |
| Total bank equity capital | $28,063 |
| Perpetual preferred stock | $0 |
| Common stock | $580 |
| Surplus | $22,520 |
| Undivided profits | $4,963 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $5,251 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $602 |
| Average Assets, year-to-date | $157,219 |
| Average Assets, quarterly | $53,367 |
| Volatile liabilities | $159,183 |
| Insider loans | $163,152 |
| FHLB advances | $139,777 |
| Loans and leases held for sale | $167,591 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $27,734 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $14,977 |
| Derivatives | $1,247 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $7,988 |
| Total interest expense | $685 |
| Net interest income | $7,303 |
| Provision for loan and lease losses | $848 |
| Total noninterest income | $2,780 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $56 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $2,724 |
| Total noninterest expense | $7,018 |
| Salaries and employee benefits | $3,872 |
| Premises and equipment expense | $395 |
| Additional noninterest expense | $2,751 |
| Pre-tax net operating income | $2,217 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $900 |
| Income before extraordinary items | $1,317 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,317 |
| Net charge-offs | $0 |
| Cash dividends | $1,317 |
| Sale, conversion, retirement of capital stock, net | -$41 |
| Net operating income | $116 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.41% |
| Cost of funding earning assets | 0.46% |
| Net interest margin | 4.95% |
| Noninterest income to earning assets | 1.88% |
| Noninterest expense to earning assets | 4.75% |
| Net operating income to assets | 0.83% |
| Return on assets (ROA) | 0.83% |
| Pretax return on assets | 1.39% |
| Return on equity (ROE) | 4.81% |
| Retained earnings to average equity (YTD only) | 4.39% |
| Net charge-offs to loans | -0.04% |
| Credit loss provision to net charge-offs | -2068.29% |
| Efficiency ratio | 0.00% |
| Assets per employee | $69,602 |
| Cash dividends to net income (YTD only) | 5.29% |
| Condition Ratios (%) | |
| Loss allowance to loans | 8.81% |
| Loss allowance to noncurrent loans | 3.01% |
| Noncurrent assets plus other real estate owned to assets | 73.24% |
| Noncurrent loans to loans | 3.10% |
| Net loans and leases to deposits | 4.10% |
| Net loans and leases to core deposits | 97.09% |
| Equity capital to assets | 144.53% |
| Core capital (leverage) ratio | 16.59% |
| Tier 1 risk-based capital ratio | 16.55% |
| Total risk-based capital ratio | 19.84% |
| Memoranda | |
| Average assets | $21 |
| Average earning assets | $159,183 |
| Average equity | $27,352 |
| Average loans | $147,684 |
| 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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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.