Congressional Bank in Potomac, Maryland (MD), DC, VA
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Congressional Bank in Potomac, Maryland (MD), DC, VA
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Congressional Bank - Overview

  • General
  • FDIC Certificate #: 57614
    Status: Active
    Federal Reserve ID: 3187630
    Bank Holding Company (Regulatory Top Holder): Congressional Bancshares, Inc. (RSSDID: 3391129, Location: Bethesda, MD)
    Date Established: October 17, 2003
    WWW: http://www.congressionalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: Yes)
    FDIC's unique #: 418493
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 17, 2003
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: September 21, 2010
    Last Data Update: September 21, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 7963 Tuckerman Lane, Potomac, MD 20854
    County: Montgomery
    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: Bethesda-Rockville-Frederick, MD (#13644)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Corrections
  • Financial Summary
  • Total assets: $299.8 mil
    Equity capital: $31.8 mil
    Deposits held in domestic offices: $232.6 mil
    Return on assets (ROA): 0.22% ($0.7 mil)
    Quarterly return on assets: 0.05% ($0.1 mil)
    Return on Equity (ROE): 2.21% ($0.7 mil)
    Quarterly return on equity: 0.45% ($0.1 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.36% ($1,079.2 mil)
    Quarterly Pretax return on assets: 0.08% ($239.8 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
  • 48Total employees (full-time equivalent)
  • $299,781Total assets
  • $64,108Cash and due from depository institutions
  • $58,097Interest-bearing balances
  • $44,567Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $182,516Net loans & leases
  • $1,856Loan loss allowance
  • $0Trading account assets
  • $1,917Bank premises and fixed assets
  • $1,525Other real estate owned
  • $0Goodwill and other intangibles
  • $299,781Life insurance assets
  • $5,148All other assets
  • $267,985Total liabilities and capital
  • $232,629Total liabilities
  • $173,248Total deposits
  • $232,629Interest-bearing deposits
  • $77Deposits held in domestic offices
  • 3285.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,500Trading liabilities
  • $0Other borrowed funds
  • $1,571Subordinated debt
  • $31,796All other liabilities
  • $31,796Total equity capital
  • $31,796Total bank equity capital
  • $0Perpetual preferred stock
  • $9,734Common stock
  • $22,399Surplus
  • $-337Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,464Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $357Income earned, not collected on loans
  • $0Earning assets
  • $921Long-term assets (5+ years)
  • $285,180Average Assets, year-to-date
  • $96,810Average Assets, quarterly
  • $260,437Volatile liabilities
  • $284,357Insider loans
  • $195,104FHLB advances
  • $277,833Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $31,588Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $30,385Restructured Loans and leases
  • $12,782Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,232Total interest income
  • $2,389Total interest expense
  • $7,843Net interest income
  • $382Provision for loan and lease losses
  • $663Total noninterest income
  • $0Fiduciary activities
  • $201Service charges on deposit accounts
  • $0Trading account gains & fees
  • $462Additional noninterest income
  • $7,586Total noninterest expense
  • $4,085Salaries and employee benefits
  • $1,574Premises and equipment expense
  • $1,927Additional noninterest expense
  • $538Pre-tax net operating income
  • $396Securities gains (losses)
  • $369Applicable income taxes
  • $565Income before extraordinary items
  • $0Extraordinary gains - net
  • $565Net income attributable to bank
  • $0Net charge-offs
  • $565Cash dividends
  • $347Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.16%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.12%Net operating income to assets
  • 0.22%Return on assets (ROA)
  • 0.36%Pretax return on assets
  • 2.21%Return on equity (ROE)
  • 2.21%Retained earnings to average equity (YTD only)
  • 0.20%Net charge-offs to loans
  • 110.09%Credit loss provision to net charge-offs
  • 2.65%Efficiency ratio
  • 89,184Assets per employee
  • 6.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 519.89%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 78.46%Net loans and leases to core deposits
  • 88.23%Equity capital to assets
  • 10.61%Core capital (leverage) ratio
  • 11.37%Tier 1 risk-based capital ratio
  • 16.19%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $260,437Average earning assets
  • $25,517Average equity
  • $248,206Average loans

List of branches

  • 1 District Of Columbia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1461615Washington Dc Branch2101 K Street Northwest, Washington, DC 20037March 14, 2007Full Service Brick and Mortar
  • 3 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0418493Congressional Bank7963 Tuckerman Lane, Potomac, MD 20854October 17, 2003Full Service Brick and Mortar
    3467449Rockville Branch5274 Randolph Road, Loehmann's Plaza, Rockville, MD 20852January 08, 2007Full Service Brick and Mortar
    4492708Administrative Office6500 Rock Spring Drive, Suite 300, Bethesda, MD 20817March 28, 2008Limited Service Administrative
  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2467448Reston Branch1800 Michael Faraday Drive Ste 4, Reston, VA 20190October 17, 2005Full Service Brick and Mortar

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