Franklin 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 Febuary 22, 1999

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

  • General
  • FDIC Certificate #: 24658
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company (#9846)
    Federal Reserve ID: 732226
    Date Established: August 22, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    OTS Docket #: 12465
    FDIC's unique #: 17118
    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: August 22, 1983
    Last Structure Change Effective Date: Febuary 22, 1999
    Last Structure Change Process Date: March 18, 1999
    Last Data Update: March 18, 1999
    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: 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: $800.8 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 138Total employees (full-time equivalent)
  • $800,786Total assets
  • $30,213Cash and due from depository institutions
  • $1,324Interest-bearing balances
  • $175,386Securities
  • $202,000Federal funds sold & reverse repurchase agreements
  • $384,904Net loans & leases
  • $5,182Loan loss allowance
  • $0Trading account assets
  • $1,671Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,612All other assets
  • $800,786Total liabilities and capital
  • $759,938Total liabilities
  • $536,586Total deposits
  • $366,899Interest-bearing deposits
  • $536,586Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $216,848Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $6,504All other liabilities
  • $40,848Total equity capital
  • $40,848Total bank equity capital
  • $40,848Perpetual preferred stock
  • $0Common stock
  • $12,930Surplus
  • $8,621Undivided profits
  • Memoranda
  • $19,297Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,913Earning assets
  • $0Long-term assets (5+ years)
  • $1,930Average Assets, year-to-date
  • $763,614Average Assets, quarterly
  • $59,103Volatile liabilities
  • $703,652Insider loans
  • $770,022FHLB advances
  • $382,608Loans and leases held for sale
  • $16,705Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $111,644Total unused commitments
  • $0Restructured Loans and leases
  • $455,548Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $47,201Total interest income
  • $19,944Total interest expense
  • $27,257Net interest income
  • $1,885Provision for loan and lease losses
  • $2,903Total noninterest income
  • $0Fiduciary activities
  • $1,720Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,183Additional noninterest income
  • $21,512Total noninterest expense
  • $8,250Salaries and employee benefits
  • $4,262Premises and equipment expense
  • $9,000Additional noninterest expense
  • $6,763Pre-tax net operating income
  • -$132Securities gains (losses)
  • $2,332Applicable income taxes
  • $4,299Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,299Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $895Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.12%Yield on earning assets
  • 3.01%Cost of funding earning assets
  • 4.11%Net interest margin
  • 0.44%Noninterest income to earning assets
  • 3.25%Noninterest expense to earning assets
  • 0.62%Net operating income to assets
  • 0.61%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 11.25%Return on equity (ROE)
  • 11.25%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 210.61%Credit loss provision to net charge-offs
  • 9.66%Efficiency ratio
  • 71,326Assets per employee
  • 5.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 270.88%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.49%Net loans and leases to deposits
  • 71.73%Net loans and leases to core deposits
  • 103.80%Equity capital to assets
  • 5.10%Core capital (leverage) ratio
  • 5.31%Tier 1 risk-based capital ratio
  • 8.52%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $703,652Average earning assets
  • $38,219Average equity
  • $662,605Average loans

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