Franklin National Bank of Washington, D.C. in city_name, state_name

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

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

Franklin National Bank of Washington, D.C. - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

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

Franklin National Bank of Washington, D.C. - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

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