First Union National Bank of Washington, D.C. in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 31, 1997

  • First Union National Bank of Washington, D.C. in Washington, District Of Columbia (DC)
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First Union National Bank of Washington, D.C. - Overview

  • General
  • FDIC Certificate #: 18839
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Union National Bank (#4885)
    Federal Reserve ID: 983327
    Date Established: July 23, 1963
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 28 (Interstate: No)
    FDIC's unique #: 12695
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: July 23, 1963
    Last Structure Change Effective Date: July 31, 1997
    Last Structure Change Process Date: August 13, 1997
    Last Data Update: August 13, 1997
    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: Atlanta
    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: $2,363.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $189Total assets
  • $2,217,409Cash and due from depository institutions
  • $942,426Interest-bearing balances
  • $888,799Securities
  • $348,432Federal funds sold & reverse repurchase agreements
  • $246,642Net loans & leases
  • $551,787Loan loss allowance
  • $9,100Trading account assets
  • $0Bank premises and fixed assets
  • $14,263Other real estate owned
  • $729Goodwill and other intangibles
  • $30,735Life insurance assets
  • $82,395All other assets
  • $0Total liabilities and capital
  • $2,217,409Total liabilities
  • $2,014,569Total deposits
  • $1,634,456Interest-bearing deposits
  • $1,345,680Deposits held in domestic offices
  • 1634456.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $351,753Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $28,360Total equity capital
  • $28,360Total bank equity capital
  • $202,840Perpetual preferred stock
  • $0Common stock
  • $2,731Surplus
  • $193,810Undivided profits
  • Memoranda
  • $6,299Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,522Income earned, not collected on loans
  • $3,112Earning assets
  • $2,035,660Long-term assets (5+ years)
  • $214,922Average Assets, year-to-date
  • $2,218,329Average Assets, quarterly
  • $2,170,949Volatile liabilities
  • $489,755Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $142,130Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $128,949Total risk weighted assets
  • $756,403Total unused commitments
  • $0Restructured Loans and leases
  • $488,506Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $151,834Total interest expense
  • $72,124Net interest income
  • $79,710Provision for loan and lease losses
  • $9,000Total noninterest income
  • $28,311Fiduciary activities
  • $6,183Service charges on deposit accounts
  • $11,051Trading account gains & fees
  • $0Additional noninterest income
  • $11,077Total noninterest expense
  • $55,425Salaries and employee benefits
  • $9,111Premises and equipment expense
  • $7,097Additional noninterest expense
  • $39,217Pre-tax net operating income
  • $43,596Securities gains (losses)
  • $928Applicable income taxes
  • $21,867Income before extraordinary items
  • $22,657Extraordinary gains - net
  • $0Net income attributable to bank
  • $22,657Net charge-offs
  • $16,558Cash dividends
  • $31,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.56%Cost of funding earning assets
  • 3.59%Net interest margin
  • 3.97%Noninterest income to earning assets
  • 1.41%Noninterest expense to earning assets
  • 2.76%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 2.01%Return on equity (ROE)
  • 10.96%Retained earnings to average equity (YTD only)
  • -4.04%Net charge-offs to loans
  • 2.32%Credit loss provision to net charge-offs
  • 54.35%Efficiency ratio
  • 39,211Assets per employee
  • 11.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 136.82%Loss allowance to loans
  • 1.62%Loss allowance to noncurrent loans
  • 120.98%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 33.76%Net loans and leases to core deposits
  • 36.87%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 5.91%Tier 1 risk-based capital ratio
  • 17.05%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $2,218,329Average earning assets
  • $206,682Average equity
  • $2,007,331Average loans

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