First American Bank, National Association in city_name, state_name

First American Bank, National Association in Washington, District Of Columbia (DC)
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First American Bank, National Association - Overview

General
FDIC Certificate #: 2087
Status: Inactive
Closing history: Corrections
Acquiring institution: First Union National Bank of Washington, D.C. (#18839)
Federal Reserve ID: 625627
Date Established: January 01, 1872
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 30 (Interstate: No)
FDIC's unique #: 1378
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 23, 1993
Last Structure Change Process Date: June 30, 1993
Last Data Update: September 19, 1995
Data Source Date: April 05, 2012
Location
Address: 740 15th Street, N.W., Washington, DC 20005
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
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $1,123.5 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$290Total assets
$1,189,363Cash and due from depository institutions
$155,711Interest-bearing balances
$70,095Securities
$268,701Federal funds sold & reverse repurchase agreements
$150,000Net loans & leases
$517,231Loan loss allowance
$42,109Trading account assets
$0Bank premises and fixed assets
$19,765Other real estate owned
$42,075Goodwill and other intangibles
$35,880Life insurance assets
$0All other assets
$0Total liabilities and capital
$1,189,363Total liabilities
$1,101,542Total deposits
$1,015,260Interest-bearing deposits
$724,204Deposits held in domestic offices
1015260.00%% insured (estimated)
$64Federal funds purchased & repurchase agreements
$71,447Trading liabilities
$0Other borrowed funds
$3,196Subordinated debt
$0All other liabilities
$11,639Total equity capital
$11,639Total bank equity capital
$87,821Perpetual preferred stock
$0Common stock
$11,373Surplus
$63,470Undivided profits
Memoranda
$12,978Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$64,110Income earned, not collected on loans
$3,263Earning assets
$1,006,027Long-term assets (5+ years)
$145,475Average Assets, year-to-date
$1,232,293Average Assets, quarterly
$1,190,090Volatile liabilities
$220,796Insider loans
$110FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$228,205Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$87,821Total risk weighted assets
$668,441Total unused commitments
$0Restructured Loans and leases
$154,847Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$83,004Total interest expense
$31,945Net interest income
$51,059Provision for loan and lease losses
$1,197Total noninterest income
$20,587Fiduciary activities
$3,892Service charges on deposit accounts
$10,056Trading account gains & fees
$730Additional noninterest income
$5,909Total noninterest expense
$79,667Salaries and employee benefits
$8,772Premises and equipment expense
$6,853Additional noninterest expense
$64,042Pre-tax net operating income
-$9,218Securities gains (losses)
$7,774Applicable income taxes
$124Income before extraordinary items
-$1,568Extraordinary gains - net
$0Net income attributable to bank
-$1,568Net charge-offs
$11,088Cash 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
7.99%Cost of funding earning assets
3.07%Net interest margin
4.91%Noninterest income to earning assets
1.98%Noninterest expense to earning assets
7.67%Net operating income to assets
-0.76%Return on assets (ROA)
-0.13%Pretax return on assets
-0.12%Return on equity (ROE)
-1.78%Retained earnings to average equity (YTD only)
-1.78%Net charge-offs to loans
1.77%Credit loss provision to net charge-offs
10.80%Efficiency ratio
111,195Assets per employee
4.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.53%Loss allowance to noncurrent loans
65.68%Noncurrent assets plus other real estate owned to assets
8.93%Noncurrent loans to loans
11.46%Net loans and leases to deposits
50.95%Net loans and leases to core deposits
59.51%Equity capital to assets
7.38%Core capital (leverage) ratio
7.30%Tier 1 risk-based capital ratio
13.14%Total risk-based capital ratio
Memoranda
$14Average assets
$1,232,293Average earning assets
$87,927Average equity
$1,039,132Average loans

First American Bank, National Association in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Bank, National Association in Washington, District Of Columbia (DC)Overview, Financial Summary, Detailed Financial Reports, Branches

First American Bank, National Association - Overview

Assets and Liabilities (December 31, 1992)

Income and Expense (December 31, 1992)

Performance and Condition Ratios (December 31, 1992)

Comment about this bank, ask questions, or add new information about it:

First American Bank, National Association in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches