The Business Bank in Vienna, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Business Bank - Overview

  • General
  • FDIC Certificate #: 23567
    Status: Active
    Federal Reserve ID: 913520
    Bank Holding Company (Regulatory Top Holder): United Financial Banking Companies, Inc. (RSSDID: 1075788, Location: Vienna, VA)
    Date Established: October 16, 1981
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 16505
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 16, 1981
    Last Structure Change Effective Date: November 13, 2008
    Last Structure Change Process Date: July 31, 2009
    Last Data Update: July 31, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 133 Maple Ave, Vienna, VA 22180
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $313.9 mil
    Equity capital: $28.7 mil
    Deposits held in domestic offices: $284.0 mil
    Return on assets (ROA): 0.37% ($1.2 mil)
    Quarterly return on assets: 0.30% ($0.9 mil)
    Return on Equity (ROE): 3.78% ($1.1 mil)
    Quarterly return on equity: 3.15% ($0.9 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.54% ($1,694.8 mil)
    Quarterly Pretax return on assets: 0.44% ($1,380.9 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, 2011)

  • Dollar figures in thousands
  • 70Total employees (full-time equivalent)
  • $313,850Total assets
  • $63,817Cash and due from depository institutions
  • $52,431Interest-bearing balances
  • $21,681Securities
  • $10,585Federal funds sold & reverse repurchase agreements
  • $211,989Net loans & leases
  • $3,235Loan loss allowance
  • $0Trading account assets
  • $2,019Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $313,850Life insurance assets
  • $3,759All other assets
  • $285,107Total liabilities and capital
  • $283,999Total liabilities
  • $213,774Total deposits
  • $283,999Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,108Subordinated debt
  • $28,743All other liabilities
  • $28,743Total equity capital
  • $28,743Total bank equity capital
  • $0Perpetual preferred stock
  • $742Common stock
  • $20,797Surplus
  • $7,204Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,672Income earned, not collected on loans
  • $211Earning assets
  • $827Long-term assets (5+ years)
  • $296,686Average Assets, year-to-date
  • $51,127Average Assets, quarterly
  • $290,922Volatile liabilities
  • $304,078Insider loans
  • $221,147FHLB advances
  • $309,622Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $28,629Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $37,250Restructured Loans and leases
  • $12,358Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,684Total interest income
  • $3,087Total interest expense
  • $10,597Net interest income
  • $765Provision for loan and lease losses
  • $627Total noninterest income
  • $0Fiduciary activities
  • $151Service charges on deposit accounts
  • $0Trading account gains & fees
  • $476Additional noninterest income
  • $8,876Total noninterest expense
  • $4,835Salaries and employee benefits
  • $1,735Premises and equipment expense
  • $2,306Additional noninterest expense
  • $1,583Pre-tax net operating income
  • $0Securities gains (losses)
  • $509Applicable income taxes
  • $1,074Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,074Net income attributable to bank
  • $0Net charge-offs
  • $1,074Cash dividends
  • $542Sale, conversion, retirement of capital stock, net
  • $192Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.90%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.79%Net interest margin
  • 0.22%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.54%Pretax return on assets
  • 3.78%Return on equity (ROE)
  • 3.11%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 141.14%Credit loss provision to net charge-offs
  • 4.33%Efficiency ratio
  • 79,081Assets per employee
  • 4.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.88%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 193.48%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 74.64%Net loans and leases to core deposits
  • 80.46%Equity capital to assets
  • 9.16%Core capital (leverage) ratio
  • 9.25%Tier 1 risk-based capital ratio
  • 12.95%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $290,922Average earning assets
  • $28,378Average equity
  • $279,429Average loans

List of branches

  • 8 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016505The Business Bank133 Maple Ave, Vienna, VA 22180October 16, 1981Full Service Brick and Mortar
    2256516Mclean Branch1451 Dolly Madison Boulevard, Mclean, VA 22101June 23, 1999Full Service Brick and Mortar
    3365855Centennial Park Drive Branch1900 Centennial Park Drive, Reston, VA 20191September 18, 2002Full Service Brick and Mortar
    5446147Sterling Branch45975 Nokes Boulevard, Suite 130, Sterling, VA 20166December 12, 2005Full Service Brick and Mortar
    6478825Ballston Branch4300 Wilson Blvd Suite 102, Arlington, VA 22203December 05, 2007Full Service Brick and Mortar
    7484695Tyson's Boulevard Branch1750 Tyson's Boulevard, Mclean, VA 22102December 15, 2008Full Service Brick and Mortar
    8493418Ashburn Office Branch44933 George Washington Blvd Suite 100, Ashburn, VA 20147May 26, 2009Full Service Brick and Mortar
    9526484Alexandria Branch697 N. Washington Street, Alexandria, VA 22314October 13, 2011Full Service Brick and Mortar

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