The Business Bank in Vienna, Virginia (VA)

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The Business Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)70
Total assets$313,850
Cash and due from depository institutions$63,817
Interest-bearing balances$52,431
Federal funds sold & reverse repurchase agreements$10,585
Net loans & leases$211,989
Loan loss allowance $3,235
Trading account assets$0
Bank premises and fixed assets$2,019
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$3,759
Life insurance assets$313,850
Total liabilities and capital$285,107
Total liabilities$283,999
Total deposits$213,774
Interest-bearing deposits$283,999
Deposits held in domestic offices$81
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,108
All other liabilities $28,743
Total equity capital$28,743
Total bank equity capital$28,743
Perpetual preferred stock$0
Common stock$742
Undivided profits $7,204
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $1,672
Earning assets $211
Long-term assets (5+ years) $827
Average Assets, year-to-date $296,686
Average Assets, quarterly $51,127
Volatile liabilities $290,922
Insider loans $304,078
FHLB advances $221,147
Loans and leases held for sale $309,622
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $28,629
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $37,250
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,684
Total interest expense $3,087
Net interest income $10,597
Provision for loan and lease losses $765
Total noninterest income $627
Fiduciary activities $0
Service charges on deposit accounts $151
Trading account gains & fees $0
Additional noninterest income $476
Total noninterest expense $8,876
Salaries and employee benefits $4,835
Premises and equipment expense $1,735
Additional noninterest expense $2,306
Pre-tax net operating income $1,583
Securities gains (losses) $0
Applicable income taxes $509
Income before extraordinary items $1,074
Extraordinary gains - net $0
Net income attributable to bank $1,074
Net charge-offs $0
Cash dividends $1,074
Sale, conversion, retirement of capital stock, net $542
Net operating income $192
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.90%
Cost of funding earning assets 1.10%
Net interest margin 3.79%
Noninterest income to earning assets 0.22%
Noninterest expense to earning assets 3.18%
Net operating income to assets 0.37%
Return on assets (ROA) 0.37%
Pretax return on assets 0.54%
Return on equity (ROE) 3.78%
Retained earnings to average equity (YTD only) 3.11%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 141.14%
Efficiency ratio4.33%
Assets per employee$79,081
Cash dividends to net income (YTD only)4.48%
Condition Ratios (%)
Loss allowance to loans 17.88%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 193.48%
Noncurrent loans to loans 0.53%
Net loans and leases to deposits0.78%
Net loans and leases to core deposits 74.64%
Equity capital to assets 80.46%
Core capital (leverage) ratio 9.16%
Tier 1 risk-based capital ratio 9.25%
Total risk-based capital ratio 12.95%
Average assets$14
Average earning assets$290,922
Average equity $28,378
Average loans $279,429
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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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