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

This bank is inactive as of August 02, 1997

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

  • General
  • FDIC Certificate #: 32919
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#21317)
    Federal Reserve ID: 1445019
    Date Established: April 13, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 9 (Interstate: No)
    OTS Docket #: 10295
    FDIC's unique #: 45833
    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: April 13, 1990
    Last Structure Change Effective Date: August 02, 1997
    Last Structure Change Process Date: October 02, 1997
    Last Data Update: October 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 12120 Sunset Hills Road, Reston, VA 22090
    County: Fairfax
    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: $190.7 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)
  • $97Total assets
  • $189,485Cash and due from depository institutions
  • $6,775Interest-bearing balances
  • $0Securities
  • $40,838Federal funds sold & reverse repurchase agreements
  • $9,943Net loans & leases
  • $126,337Loan loss allowance
  • $1,530Trading account assets
  • $0Bank premises and fixed assets
  • $1,990Other real estate owned
  • $0Goodwill and other intangibles
  • $3,602Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $189,485Total liabilities
  • $176,968Total deposits
  • $155,125Interest-bearing deposits
  • $120,862Deposits held in domestic offices
  • 155125.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $17,904Trading liabilities
  • $0Other borrowed funds
  • $2,090Subordinated debt
  • $0All other liabilities
  • $1,849Total equity capital
  • $1,849Total bank equity capital
  • $12,517Perpetual preferred stock
  • $0Common stock
  • $3,000Surplus
  • $4,967Undivided profits
  • Memoranda
  • $4,550Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $737Income earned, not collected on loans
  • $787Earning assets
  • $177,118Long-term assets (5+ years)
  • $36,423Average Assets, year-to-date
  • $169,581Average Assets, quarterly
  • $181,780Volatile liabilities
  • $37,976Insider loans
  • $2,968FHLB advances
  • $0Loans and leases held for sale
  • $8,264Unused loan commitments
  • $34,184Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $12,806Total risk weighted assets
  • $127,830Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,688Total interest expense
  • $5,834Net interest income
  • $8,854Provision for loan and lease losses
  • $751Total noninterest income
  • $2,888Fiduciary activities
  • $0Service charges on deposit accounts
  • $695Trading account gains & fees
  • $0Additional noninterest income
  • $2,193Total noninterest expense
  • $7,951Salaries and employee benefits
  • $4,008Premises and equipment expense
  • $1,427Additional noninterest expense
  • $2,516Pre-tax net operating income
  • $3,040Securities gains (losses)
  • $42Applicable income taxes
  • $1,096Income before extraordinary items
  • $1,986Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,986Net charge-offs
  • $553Cash dividends
  • $245Sale, 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
  • 9.40%Cost of funding earning assets
  • 3.73%Net interest margin
  • 5.66%Noninterest income to earning assets
  • 1.85%Noninterest expense to earning assets
  • 5.09%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 1.82%Return on equity (ROE)
  • 17.41%Retained earnings to average equity (YTD only)
  • 15.26%Net charge-offs to loans
  • 0.48%Credit loss provision to net charge-offs
  • 135.80%Efficiency ratio
  • 67,714Assets per employee
  • 1.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.34%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 207.60%Noncurrent assets plus other real estate owned to assets
  • 0.39%Noncurrent loans to loans
  • 0.58%Net loans and leases to deposits
  • 81.44%Net loans and leases to core deposits
  • 92.30%Equity capital to assets
  • 6.61%Core capital (leverage) ratio
  • 7.24%Tier 1 risk-based capital ratio
  • 10.02%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $169,581Average earning assets
  • $11,410Average equity
  • $156,313Average loans

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