Continental Federal Savings Bank in Fairfax, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 14, 1993

  • Continental Federal Savings Bank in Fairfax, Virginia (VA)
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Continental Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29557
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crestar Bank (#832)
    Federal Reserve ID: 292270
    Date Established: November 13, 1935
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3658
    FDIC's unique #: 42391
    Numeric code: 33
    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: November 13, 1935
    Last Structure Change Effective Date: May 14, 1993
    Last Structure Change Process Date: July 19, 1993
    Last Data Update: July 19, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 4020 University Drive, Fairfax, VA 22030
    County: Fairfax 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)
  • Financial Summary
  • Total assets: $881.7 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $328Total assets
  • $929,021Cash and due from depository institutions
  • $22,402Interest-bearing balances
  • $6,653Securities
  • $168,107Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $687,410Loan loss allowance
  • $24,657Trading account assets
  • $0Bank premises and fixed assets
  • $14,257Other real estate owned
  • $12,271Goodwill and other intangibles
  • $24,574Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $929,021Total liabilities
  • $866,300Total deposits
  • $716,559Interest-bearing deposits
  • $695,977Deposits held in domestic offices
  • 716559.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $55,699Trading liabilities
  • $0Other borrowed funds
  • $84,500Subordinated debt
  • $0All other liabilities
  • $9,542Total equity capital
  • $9,542Total bank equity capital
  • $62,721Perpetual preferred stock
  • $0Common stock
  • $2,996Surplus
  • $26,603Undivided profits
  • Memoranda
  • $33,122Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $58,489Income earned, not collected on loans
  • $4,071Earning assets
  • $862,170Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $967,333Average Assets, quarterly
  • $946,908Volatile liabilities
  • $200,511Insider loans
  • $0FHLB advances
  • $84,500Loans and leases held for sale
  • $0Unused loan commitments
  • $51,755Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $61,032Total risk weighted assets
  • $568,956Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $79,273Total interest expense
  • $40,737Net interest income
  • $38,536Provision for loan and lease losses
  • $7,116Total noninterest income
  • $5,767Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $5,767Total noninterest expense
  • $26,244Salaries and employee benefits
  • $10,436Premises and equipment expense
  • $6,119Additional noninterest expense
  • $9,689Pre-tax net operating income
  • $10,943Securities gains (losses)
  • $476Applicable income taxes
  • $4,012Income before extraordinary items
  • $7,407Extraordinary gains - net
  • $0Net income attributable to bank
  • $7,407Net charge-offs
  • $3,351Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.89%Cost of funding earning assets
  • 4.57%Net interest margin
  • 4.32%Noninterest income to earning assets
  • 0.65%Noninterest expense to earning assets
  • 2.94%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 0.77%Pretax return on assets
  • 1.18%Return on equity (ROE)
  • 12.59%Retained earnings to average equity (YTD only)
  • 12.59%Net charge-offs to loans
  • 0.46%Credit loss provision to net charge-offs
  • 212.35%Efficiency ratio
  • 59,238Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.46%Loss allowance to noncurrent loans
  • 42.16%Noncurrent assets plus other real estate owned to assets
  • 7.62%Noncurrent loans to loans
  • 8.21%Net loans and leases to deposits
  • 95.93%Net loans and leases to core deposits
  • 104.75%Equity capital to assets
  • 6.75%Core capital (leverage) ratio
  • 6.60%Tier 1 risk-based capital ratio
  • 10.73%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $967,333Average earning assets
  • $58,812Average equity
  • $891,895Average loans

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