George Mason Bank, National Association in Bethesda, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 07, 1997

  • George Mason Bank, National Association in Bethesda, Maryland (MD)
  • Show street view No street view available for this location

George Mason Bank, National Association - Overview

  • General
  • FDIC Certificate #: 24504
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#22858)
    Federal Reserve ID: 735928
    Date Established: June 01, 1983
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Interstate: No)
    FDIC's unique #: 17031
    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: June 01, 1983
    Last Structure Change Effective Date: June 07, 1997
    Last Structure Change Process Date: June 16, 1997
    Last Data Update: June 16, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 7626 Old Georgetown Road, Bethesda, MD 20814
    County: Montgomery
    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: Bethesda-Rockville-Frederick, MD (#13644)
  • Financial Summary
  • Total assets: $101.4 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)
  • $29Total assets
  • $98,977Cash and due from depository institutions
  • $4,908Interest-bearing balances
  • $0Securities
  • $8,354Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $82,276Loan loss allowance
  • $1,479Trading account assets
  • $0Bank premises and fixed assets
  • $994Other real estate owned
  • $0Goodwill and other intangibles
  • $2,445Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $98,977Total liabilities
  • $89,919Total deposits
  • $76,103Interest-bearing deposits
  • $61,366Deposits held in domestic offices
  • 76103.00%% insured (estimated)
  • $76Federal funds purchased & repurchase agreements
  • $12,483Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,333Total equity capital
  • $1,333Total bank equity capital
  • $9,058Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $5,300Undivided profits
  • Memoranda
  • $2,258Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $437Earning assets
  • $90,630Long-term assets (5+ years)
  • $4,034Average Assets, year-to-date
  • $97,850Average Assets, quarterly
  • $96,744Volatile liabilities
  • $20,526Insider loans
  • $1,814FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,738Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,069Total risk weighted assets
  • $67,968Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,044Total interest expense
  • $2,655Net interest income
  • $4,389Provision for loan and lease losses
  • $0Total noninterest income
  • $514Fiduciary activities
  • $0Service charges on deposit accounts
  • $198Trading account gains & fees
  • $156Additional noninterest income
  • $160Total noninterest expense
  • $3,958Salaries and employee benefits
  • $1,756Premises and equipment expense
  • $1,170Additional noninterest expense
  • $1,032Pre-tax net operating income
  • $945Securities gains (losses)
  • $11Applicable income taxes
  • $384Income before extraordinary items
  • $572Extraordinary gains - net
  • $0Net income attributable to bank
  • $572Net charge-offs
  • $10Cash dividends
  • $0Sale, 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
  • 7.76%Cost of funding earning assets
  • 2.93%Net interest margin
  • 4.84%Noninterest income to earning assets
  • 0.57%Noninterest expense to earning assets
  • 4.36%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 0.98%Return on equity (ROE)
  • 6.53%Retained earnings to average equity (YTD only)
  • 6.53%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 80,726Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.77%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
  • 108.11%Net loans and leases to core deposits
  • 120.89%Equity capital to assets
  • 9.15%Core capital (leverage) ratio
  • 9.44%Tier 1 risk-based capital ratio
  • 13.34%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $97,850Average earning assets
  • $8,754Average equity
  • $90,769Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with George Mason Bank, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents