Patriot Bank, National Association in Fredericksburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 30, 2006

  • Patriot Bank, National Association in Fredericksburg, Virginia (VA)
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Patriot Bank, National Association - Overview

  • General
  • FDIC Certificate #: 34201
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Carter Bank & Trust (#58596)
    Federal Reserve ID: 1893263
    Date Established: July 01, 1996
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 13 (Interstate: No)
    FDIC's unique #: 56859
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 01, 1996
    Last Structure Change Effective Date: December 30, 2006
    Last Structure Change Process Date: January 10, 2007
    Last Data Update: January 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1204 Bragg Road, Fredericksburg, VA 22407
    County: Spotsylvania
    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: $243.0 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
  • 124Total employees (full-time equivalent)
  • $253,659Total assets
  • $27,969Cash and due from depository institutions
  • $15,733Interest-bearing balances
  • $56,777Securities
  • $775Federal funds sold & reverse repurchase agreements
  • $158,223Net loans & leases
  • $1,807Loan loss allowance
  • $0Trading account assets
  • $6,458Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,457All other assets
  • $253,659Total liabilities and capital
  • $233,608Total liabilities
  • $232,975Total deposits
  • $152,556Interest-bearing deposits
  • $232,975Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $325Other borrowed funds
  • $0Subordinated debt
  • $308All other liabilities
  • $20,051Total equity capital
  • $20,051Total bank equity capital
  • $20,051Perpetual preferred stock
  • $0Common stock
  • $2,371Surplus
  • $14,021Undivided profits
  • Memoranda
  • $3,659Noncurrent loans and leases
  • $2,114Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,175Earning assets
  • $0Long-term assets (5+ years)
  • $1,372Average Assets, year-to-date
  • $231,508Average Assets, quarterly
  • $54,694Volatile liabilities
  • $253,145Insider loans
  • $256,924FHLB advances
  • $18,967Loans and leases held for sale
  • $100Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,114Total unused commitments
  • $0Restructured Loans and leases
  • $1,807Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $11,424Total interest income
  • $3,099Total interest expense
  • $8,325Net interest income
  • $60Provision for loan and lease losses
  • $954Total noninterest income
  • $0Fiduciary activities
  • $669Service charges on deposit accounts
  • $0Trading account gains & fees
  • $285Additional noninterest income
  • $6,462Total noninterest expense
  • $3,699Salaries and employee benefits
  • $992Premises and equipment expense
  • $1,771Additional noninterest expense
  • $2,757Pre-tax net operating income
  • $0Securities gains (losses)
  • $686Applicable income taxes
  • $2,071Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,071Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$55Sale, conversion, retirement of capital stock, net
  • $759Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 0.82%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 10.66%Return on equity (ROE)
  • 6.75%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -109.09%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 69,641Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 36.65%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 83.08%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 67.91%Net loans and leases to core deposits
  • 73.82%Equity capital to assets
  • 7.90%Core capital (leverage) ratio
  • 7.88%Tier 1 risk-based capital ratio
  • 12.41%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $253,145Average earning assets
  • $19,425Average equity
  • $233,078Average loans

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