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- Banks in Virginia (VA)
- Commonwealth Federal Savings Bank
Commonwealth Federal Savings Bank in Manassas, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of May 06, 1994
- Commonwealth Federal Savings Bank in Manassas, Virginia (VA)
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Commonwealth Federal Savings Bank - Overview
- General
- FDIC Certificate #: 33584
Status: Inactive
Closing history: Conservatorship Institution Resolved
Acquiring institution: Fairfax Bank & Trust Company (#26276)
Federal Reserve ID: 240570
Date Established: April 03, 1992
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 9882
FDIC's unique #: 47529
Numeric code: 34
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: April 03, 1992
Last Structure Change Effective Date: May 06, 1994
Last Structure Change Process Date: May 16, 1994
Last Data Update: August 02, 1994
Data Source Date: April 05, 2012 - Location
- Address: 9201 West Church Street, Manassas, VA 22110
County: Manassas City
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) - History of Changes
- Pass Through Receivership Merger
Conservatorship Institution Resolved - Financial Summary
- Total assets: $17.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1993)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $33Total assets
- $17,655Cash and due from depository institutions
- $2,533Interest-bearing balances
- $1,744Securities
- $0Federal funds sold & reverse repurchase agreements
- $0Net loans & leases
- $4,070Loan loss allowance
- $576Trading account assets
- $0Bank premises and fixed assets
- $806Other real estate owned
- $3,319Goodwill and other intangibles
- $6,927Life insurance assets
- $0All other assets
- $0Total liabilities and capital
- $17,655Total liabilities
- $34,500Total deposits
- $30,202Interest-bearing deposits
- $30,202Deposits held in domestic offices
- 30202.00%% insured (estimated)
- $100Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $3,500Subordinated debt
- $0All other liabilities
- $798Total equity capital
- $798Total bank equity capital
- $-16,845Perpetual preferred stock
- $0Common stock
- $0Surplus
- $0Undivided profits
- Memoranda
- $-16,845Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $1,850Income earned, not collected on loans
- $35Earning assets
- $5,814Long-term assets (5+ years)
- $0Average Assets, year-to-date
- $27,088Average Assets, quarterly
- $18,946Volatile liabilities
- $3,905Insider loans
- $0FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $-16,845Total risk weighted assets
- $3,615Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1993)
- Dollar figures in thousands
- $0Total interest income
- $840Total interest expense
- $1,585Net interest income
- -$745Provision for loan and lease losses
- $1,557Total noninterest income
- $512Fiduciary activities
- $0Service charges on deposit accounts
- $0Trading account gains & fees
- $0Additional noninterest income
- $512Total noninterest expense
- $8,415Salaries and employee benefits
- $858Premises and equipment expense
- $1,129Additional noninterest expense
- $6,428Pre-tax net operating income
- -$10,205Securities gains (losses)
- $0Applicable income taxes
- $0Income before extraordinary items
- -$10,205Extraordinary gains - net
- $0Net income attributable to bank
- -$10,205Net charge-offs
- $150Cash dividends
- $0Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1993)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 7.62%Cost of funding earning assets
- 14.38%Net interest margin
- -6.76%Noninterest income to earning assets
- 4.65%Noninterest expense to earning assets
- 76.36%Net operating income to assets
- -37.67%Return on assets (ROA)
- -37.67%Pretax return on assets
- -37.67%Return on equity (ROE)
- 80.16%Retained earnings to average equity (YTD only)
- 80.16%Net charge-offs to loans
- 1.96%Credit loss provision to net charge-offs
- 1038.00%Efficiency ratio
- -3,611,588Assets per employee
- 0.54%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 12.40%Loss allowance to noncurrent loans
- 31.14%Noncurrent assets plus other real estate owned to assets
- 29.28%Noncurrent loans to loans
- 39.82%Net loans and leases to deposits
- 13.48%Net loans and leases to core deposits
- 13.66%Equity capital to assets
- -95.41%Core capital (leverage) ratio
- -95.41%Tier 1 risk-based capital ratio
- -465.98%Total risk-based capital ratio
- Memoranda
- -$466Average assets
- $27,088Average earning assets
- -$12,731Average equity
- $11,021Average loans
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- Banks in Virginia (VA)
- Commonwealth Federal Savings Bank
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