Franklin National Bank of Virginia in Washington, District Of Columbia (DC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 1996

  • Franklin National Bank of Virginia in Washington, District Of Columbia (DC)
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Franklin National Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 27500
    Status: Inactive
    Closing history: Change NONGEOFDICDBS from Default
    Acquiring institution: Franklin National Bank of Washington, D.C. (#24658)
    Federal Reserve ID: 1404856
    Date Established: May 02, 1989
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 9069
    FDIC's unique #: 40233
    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: May 02, 1989
    Last Structure Change Effective Date: August 19, 1996
    Last Structure Change Process Date: August 28, 1996
    Last Data Update: June 26, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1722 "i" Street, N.W., Washington, DC 20006
    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
    Change NONGEOFLDOFF from Default
    Corrections
    Change NONGEOFDICDBS from Default
  • Financial Summary
  • Total assets: $36.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $12Total assets
  • $29,411Cash and due from depository institutions
  • $552Interest-bearing balances
  • $218Securities
  • $4,752Federal funds sold & reverse repurchase agreements
  • $2,875Net loans & leases
  • $18,557Loan loss allowance
  • $592Trading account assets
  • $0Bank premises and fixed assets
  • $503Other real estate owned
  • $0Goodwill and other intangibles
  • $1,341Life insurance assets
  • $831All other assets
  • $0Total liabilities and capital
  • $29,411Total liabilities
  • $26,378Total deposits
  • $24,945Interest-bearing deposits
  • $15,947Deposits held in domestic offices
  • 24945.00%% insured (estimated)
  • $73Federal funds purchased & repurchase agreements
  • $900Trading liabilities
  • $0Other borrowed funds
  • $56Subordinated debt
  • $0All other liabilities
  • $477Total equity capital
  • $477Total bank equity capital
  • $3,033Perpetual preferred stock
  • $0Common stock
  • $2,877Surplus
  • $9Undivided profits
  • Memoranda
  • $147Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $188Income earned, not collected on loans
  • $109Earning assets
  • $26,402Long-term assets (5+ years)
  • $157Average Assets, year-to-date
  • $28,594Average Assets, quarterly
  • $28,768Volatile liabilities
  • $3,077Insider loans
  • $905FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $4,134Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,944Total risk weighted assets
  • $19,971Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,767Total interest expense
  • $603Net interest income
  • $1,164Provision for loan and lease losses
  • $51Total noninterest income
  • $139Fiduciary activities
  • $0Service charges on deposit accounts
  • $87Trading account gains & fees
  • $0Additional noninterest income
  • $52Total noninterest expense
  • $1,092Salaries and employee benefits
  • $438Premises and equipment expense
  • $214Additional noninterest expense
  • $440Pre-tax net operating income
  • $160Securities gains (losses)
  • $0Applicable income taxes
  • $71Income before extraordinary items
  • $89Extraordinary gains - net
  • $0Net income attributable to bank
  • $89Net charge-offs
  • $38Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $884Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.79%Cost of funding earning assets
  • 2.32%Net interest margin
  • 4.47%Noninterest income to earning assets
  • 0.53%Noninterest expense to earning assets
  • 4.20%Net operating income to assets
  • 0.31%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 0.56%Return on equity (ROE)
  • 3.48%Retained earnings to average equity (YTD only)
  • 3.48%Net charge-offs to loans
  • 0.20%Credit loss provision to net charge-offs
  • 134.21%Efficiency ratio
  • 80,200Assets per employee
  • 2.45%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.09%Loss allowance to noncurrent loans
  • 314.89%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.98%Net loans and leases to deposits
  • 74.39%Net loans and leases to core deposits
  • 81.30%Equity capital to assets
  • 10.31%Core capital (leverage) ratio
  • 7.04%Tier 1 risk-based capital ratio
  • 9.73%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $28,594Average earning assets
  • $2,557Average equity
  • $26,016Average loans

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