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

This bank is inactive as of September 15, 2006

  • First Liberty National Bank in Washington, District Of Columbia (DC)
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First Liberty National Bank - Overview

  • General
  • FDIC Certificate #: 27206
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: WashingtonFirst Bank (#57696)
    Federal Reserve ID: 1166453
    Date Established: Febuary 18, 1988
    WWW: http://www.firstlibertynational.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9423
    FDIC's unique #: 39109
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 18, 1988
    Last Structure Change Effective Date: September 15, 2006
    Last Structure Change Process Date: October 17, 2006
    Last Data Update: October 17, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1146 - 19th Street, N.W., Washington, DC 20036
    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)
  • Financial Summary
  • Total assets: $80.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $91,259Total assets
  • $2,502Cash and due from depository institutions
  • $868Interest-bearing balances
  • $41,549Securities
  • $13,772Federal funds sold & reverse repurchase agreements
  • $30,760Net loans & leases
  • $823Loan loss allowance
  • $0Trading account assets
  • $292Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $2,384All other assets
  • $91,259Total liabilities and capital
  • $84,358Total liabilities
  • $75,605Total deposits
  • $67,956Interest-bearing deposits
  • $75,605Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,108Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,500Other borrowed funds
  • $0Subordinated debt
  • $1,145All other liabilities
  • $6,901Total equity capital
  • $6,901Total bank equity capital
  • $6,901Perpetual preferred stock
  • $0Common stock
  • $2,352Surplus
  • $7,079Undivided profits
  • Memoranda
  • $-2,530Noncurrent loans and leases
  • $5,168Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $365Average Assets, year-to-date
  • $86,949Average Assets, quarterly
  • $18,688Volatile liabilities
  • $91,231Insider loans
  • $91,727FHLB advances
  • $17,933Loans and leases held for sale
  • $1,889Unused loan commitments
  • $1,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $5,168Total unused commitments
  • $0Restructured Loans and leases
  • $557Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $4,112Total interest income
  • $1,130Total interest expense
  • $2,982Net interest income
  • -$270Provision for loan and lease losses
  • $486Total noninterest income
  • $0Fiduciary activities
  • $151Service charges on deposit accounts
  • $0Trading account gains & fees
  • $335Additional noninterest income
  • $4,735Total noninterest expense
  • $1,773Salaries and employee benefits
  • $601Premises and equipment expense
  • $2,361Additional noninterest expense
  • -$997Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$997Income before extraordinary items
  • $0Extraordinary gains - net
  • -$997Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$38Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.43%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 5.44%Noninterest expense to earning assets
  • -1.09%Net operating income to assets
  • -1.09%Return on assets (ROA)
  • -1.09%Pretax return on assets
  • -12.74%Return on equity (ROE)
  • -12.74%Retained earnings to average equity (YTD only)
  • -0.13%Net charge-offs to loans
  • 710.53%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 136,534Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.61%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 40.69%Net loans and leases to core deposits
  • 48.23%Equity capital to assets
  • 7.56%Core capital (leverage) ratio
  • 7.35%Tier 1 risk-based capital ratio
  • 14.51%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $91,231Average earning assets
  • $7,824Average equity
  • $87,001Average loans
1
Joseph H. Chopp
Jan 3, 2023 @ 2:14 pm
1988 First Liberty National Bank, Washington DC Founding Officers and Directors

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