First American Bank of Virginia in Mclean, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 27, 1993

  • First American Bank of Virginia in Mclean, Virginia (VA)
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First American Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 18956
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Union National Bank of Virginia (#6904)
    Federal Reserve ID: 190527
    Date Established: October 01, 1942
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 99 (Interstate: No)
    OTS Docket #: 9011
    FDIC's unique #: 12801
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: October 01, 1942
    Last Structure Change Effective Date: October 27, 1993
    Last Structure Change Process Date: November 08, 1993
    Last Data Update: Febuary 10, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 1970 Chain Bridge Road, Mclean, VA 22101
    County: Fairfax
    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
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $2,488.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,190Total assets
  • $2,449,417Cash and due from depository institutions
  • $239,461Interest-bearing balances
  • $80,500Securities
  • $276,374Federal funds sold & reverse repurchase agreements
  • $135,000Net loans & leases
  • $1,453,846Loan loss allowance
  • $95,000Trading account assets
  • $0Bank premises and fixed assets
  • $110,196Other real estate owned
  • $96,301Goodwill and other intangibles
  • $135,648Life insurance assets
  • $2,591All other assets
  • $0Total liabilities and capital
  • $2,449,417Total liabilities
  • $2,241,538Total deposits
  • $2,087,788Interest-bearing deposits
  • $1,606,071Deposits held in domestic offices
  • 2087788.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $79,668Trading liabilities
  • $0Other borrowed funds
  • $30,657Subordinated debt
  • $1,500All other liabilities
  • $41,925Total equity capital
  • $41,925Total bank equity capital
  • $207,879Perpetual preferred stock
  • $0Common stock
  • $41,621Surplus
  • $164,971Undivided profits
  • Memoranda
  • $1,287Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $137,240Income earned, not collected on loans
  • $9,867Earning assets
  • $1,945,720Long-term assets (5+ years)
  • $361,753Average Assets, year-to-date
  • $2,657,077Average Assets, quarterly
  • $2,490,318Volatile liabilities
  • $272,992Insider loans
  • $561FHLB advances
  • $0Loans and leases held for sale
  • $55,473Unused loan commitments
  • $592,260Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $207,406Total risk weighted assets
  • $1,815,592Total unused commitments
  • $0Restructured Loans and leases
  • $213,351Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $193,946Total interest expense
  • $80,796Net interest income
  • $113,150Provision for loan and lease losses
  • $39,211Total noninterest income
  • $56,609Fiduciary activities
  • $3,996Service charges on deposit accounts
  • $19,067Trading account gains & fees
  • $0Additional noninterest income
  • $33,546Total noninterest expense
  • $147,763Salaries and employee benefits
  • $38,893Premises and equipment expense
  • $10,751Additional noninterest expense
  • $98,119Pre-tax net operating income
  • -$17,215Securities gains (losses)
  • $14,893Applicable income taxes
  • $102Income before extraordinary items
  • -$2,424Extraordinary gains - net
  • $0Net income attributable to bank
  • -$2,424Net charge-offs
  • $55,211Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$9,832Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.79%Cost of funding earning assets
  • 3.66%Net interest margin
  • 5.13%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 6.70%Net operating income to assets
  • -0.65%Return on assets (ROA)
  • -0.09%Pretax return on assets
  • -0.09%Return on equity (ROE)
  • -1.44%Retained earnings to average equity (YTD only)
  • -1.44%Net charge-offs to loans
  • 3.05%Credit loss provision to net charge-offs
  • 71.02%Efficiency ratio
  • 86,163Assets per employee
  • 2.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 6.13%Loss allowance to noncurrent loans
  • 69.22%Noncurrent assets plus other real estate owned to assets
  • 9.53%Noncurrent loans to loans
  • 8.86%Net loans and leases to deposits
  • 69.64%Net loans and leases to core deposits
  • 75.52%Equity capital to assets
  • 8.49%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 11.42%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,657,077Average earning assets
  • $168,199Average equity
  • $2,206,688Average loans

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