United Bank in Arlington County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 18, 1998

  • United Bank in Arlington County, Virginia (VA)
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United Bank - Overview

  • General
  • FDIC Certificate #: 21317
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#22858)
    Federal Reserve ID: 1162101
    Date Established: November 15, 1973
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 14754
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: November 15, 1973
    Last Structure Change Effective Date: April 18, 1998
    Last Structure Change Process Date: June 09, 1998
    Last Data Update: June 09, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 3801 Wilson Boulevard, Arlington County, VA 22203
    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: $359.6 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 103Total employees (full-time equivalent)
  • $352,809Total assets
  • $11,490Cash and due from depository institutions
  • $0Interest-bearing balances
  • $39,678Securities
  • $21,837Federal funds sold & reverse repurchase agreements
  • $234,921Net loans & leases
  • $4,097Loan loss allowance
  • $0Trading account assets
  • $7,955Bank premises and fixed assets
  • $300Other real estate owned
  • $31,429Goodwill and other intangibles
  • $0Life insurance assets
  • $5,199All other assets
  • $352,809Total liabilities and capital
  • $293,622Total liabilities
  • $270,440Total deposits
  • $211,126Interest-bearing deposits
  • $270,440Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $17,188Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $5,994All other liabilities
  • $59,187Total equity capital
  • $59,187Total bank equity capital
  • $59,187Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $54,006Undivided profits
  • Memoranda
  • $3,181Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,488Earning assets
  • $0Long-term assets (5+ years)
  • $1,709Average Assets, year-to-date
  • $296,436Average Assets, quarterly
  • $29,518Volatile liabilities
  • $213,033Insider loans
  • $352,147FHLB advances
  • $49,595Loans and leases held for sale
  • $8,262Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,573Total risk weighted assets
  • $58,228Total unused commitments
  • $0Restructured Loans and leases
  • $275,289Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $17,340Total interest income
  • $6,992Total interest expense
  • $10,348Net interest income
  • $200Provision for loan and lease losses
  • $1,536Total noninterest income
  • $0Fiduciary activities
  • $720Service charges on deposit accounts
  • $0Trading account gains & fees
  • $816Additional noninterest income
  • $6,233Total noninterest expense
  • $2,365Salaries and employee benefits
  • $1,253Premises and equipment expense
  • $2,615Additional noninterest expense
  • $5,451Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,891Applicable income taxes
  • $3,560Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,560Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $524Sale, conversion, retirement of capital stock, net
  • $1,068Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.55%Yield on earning assets
  • 3.85%Cost of funding earning assets
  • 5.70%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 1.67%Net operating income to assets
  • 1.67%Return on assets (ROA)
  • 2.56%Pretax return on assets
  • 10.11%Return on equity (ROE)
  • 7.08%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 38.17%Credit loss provision to net charge-offs
  • 10.78%Efficiency ratio
  • 44,000Assets per employee
  • 3.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 30.00%Loss allowance to loans
  • 1.71%Loss allowance to noncurrent loans
  • 91.29%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.88%Net loans and leases to deposits
  • 86.87%Net loans and leases to core deposits
  • 98.69%Equity capital to assets
  • 16.78%Core capital (leverage) ratio
  • 8.67%Tier 1 risk-based capital ratio
  • 10.09%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $213,033Average earning assets
  • $35,197Average equity
  • $181,578Average loans

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