FDIC Certificate #: 34716 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Mercantile-Safe Deposit and Trust Company (#20347) Federal Reserve ID: 2684132 Date Established: June 08, 1998 WWW:http://www.jamesmonroebank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 6 (Interstate: No) FDIC's unique #: 61320 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: June 08, 1998 Last Structure Change Effective Date: July 17, 2006 Last Structure Change Process Date: August 25, 2006 Last Data Update: August 25, 2006 Data Source Date: April 05, 2012
Location
Address: 3033 Wilson Boulevard, Arlington, VA 22201 County: Arlington Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Richmond 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: $541.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 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, 2005)
Dollar figures in thousands
107Total employees (full-time equivalent)
$520,613Total assets
$19,984Cash and due from depository institutions
$0Interest-bearing balances
$108,712Securities
$5,968Federal funds sold & reverse repurchase agreements
$376,870Net loans & leases
$3,920Loan loss allowance
$0Trading account assets
$2,226Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,853All other assets
$520,613Total liabilities and capital
$477,035Total liabilities
$475,505Total deposits
$364,467Interest-bearing deposits
$475,505Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,530All other liabilities
$43,578Total equity capital
$43,578Total bank equity capital
$43,578Perpetual preferred stock
$0Common stock
$5,000Surplus
$27,426Undivided profits
Memoranda
$11,152Noncurrent loans and leases
$84,411Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$258Earning assets
$59Long-term assets (5+ years)
$2,253Average Assets, year-to-date
$491,550Average Assets, quarterly
$108,065Volatile liabilities
$487,734Insider loans
$512,122FHLB advances
$173,697Loans and leases held for sale
$5,667Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,299Total risk weighted assets
$84,411Total unused commitments
$0Restructured Loans and leases
$3,920Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$26,978Total interest income
$8,772Total interest expense
$18,206Net interest income
$1,167Provision for loan and lease losses
$1,614Total noninterest income
$0Fiduciary activities
$345Service charges on deposit accounts
$0Trading account gains & fees
$1,269Additional noninterest income
$11,769Total noninterest expense
$7,145Salaries and employee benefits
$1,894Premises and equipment expense
$2,730Additional noninterest expense
$6,884Pre-tax net operating income
$7Securities gains (losses)
$2,355Applicable income taxes
$4,536Income before extraordinary items
$0Extraordinary gains - net
$4,536Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$37Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.84%Yield on earning assets
1.90%Cost of funding earning assets
3.94%Net interest margin
0.35%Noninterest income to earning assets
2.55%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.41%Pretax return on assets
11.94%Return on equity (ROE)
11.94%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
3154.05%Credit loss provision to net charge-offs
217.59%Efficiency ratio
59,379Assets per employee
4.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
1519.38%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.07%Net loans and leases to deposits
79.26%Net loans and leases to core deposits
124.87%Equity capital to assets
8.37%Core capital (leverage) ratio
8.94%Tier 1 risk-based capital ratio
11.57%Total risk-based capital ratio
Memoranda
$13Average assets
$487,734Average earning assets
$37,987Average equity
$461,902Average 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 James Monroe Bank.
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.
Comment about this bank, ask questions, or add new information about it: