United Bank in Fairfax, Virginia (VA), MD, DC
Overview, Financial Summary, Detailed Financial Reports, Branches


United Bank - Overview

  • General
  • FDIC Certificate #: 22858
    Status: Active
    Federal Reserve ID: 365325
    Bank Holding Company (Regulatory Top Holder): United Bankshares, Inc. (RSSDID: 1076217, Location: Charleston, WV)
    Date Established: May 10, 1979
    WWW: http://www.unitedbank-dcmetro.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 57 (Domestic: 57, Interstate: Yes)
    OTS Docket #: 10762
    FDIC's unique #: 15972
    Numeric code: 13
    Regulator: FED
    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: May 10, 1979
    Last Structure Change Effective Date: July 14, 2007
    Last Structure Change Process Date: August 13, 2007
    Last Data Update: August 13, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 11185 Main Street, Fairfax, VA 22030
    County: Fairfax City
    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
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $3,634.1 mil
    Equity capital: $614.0 mil
    Deposits held in domestic offices: $2,729.4 mil
    Return on assets (ROA): 0.58% ($21.1 mil)
    Quarterly return on assets: 0.40% ($14.5 mil)
    Return on Equity (ROE): 3.51% ($21.6 mil)
    Quarterly return on equity: 2.39% ($14.7 mil)
    Net income: $21.5 mil
    Quarterly Net income: $3.7 mil
    Pretax return on assets: 0.85% ($30,889.9 mil)
    Quarterly Pretax return on assets: 0.58% ($21,077.8 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
  • 510Total employees (full-time equivalent)
  • $3,634,102Total assets
  • $201,468Cash and due from depository institutions
  • $160,048Interest-bearing balances
  • $334,593Securities
  • $148,922Federal funds sold & reverse repurchase agreements
  • $2,436,724Net loans & leases
  • $37,345Loan loss allowance
  • $0Trading account assets
  • $26,721Bank premises and fixed assets
  • $26,222Other real estate owned
  • $301,049Goodwill and other intangibles
  • $3,634,102Life insurance assets
  • $158,403All other assets
  • $3,003,124Total liabilities and capital
  • $2,729,390Total liabilities
  • $2,002,431Total deposits
  • $2,729,390Interest-bearing deposits
  • $68Deposits held in domestic offices
  • 111772.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $130,287Trading liabilities
  • $0Other borrowed funds
  • $31,675Subordinated debt
  • $630,978All other liabilities
  • $613,992Total equity capital
  • $613,992Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $485,362Surplus
  • $126,630Undivided profits
  • Memoranda
  • $16,986Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $42,826Income earned, not collected on loans
  • $0Earning assets
  • $9,637Long-term assets (5+ years)
  • $3,080,287Average Assets, year-to-date
  • $538,248Average Assets, quarterly
  • $3,704,223Volatile liabilities
  • $3,678,005Insider loans
  • $2,863,317FHLB advances
  • $3,462,131Loans and leases held for sale
  • $74,326Unused loan commitments
  • $23,671Tier 1 (core) risk-based capital
  • $359,705Tier 2 risk-based capital
  • $12,489Total risk weighted assets
  • $38,166Total unused commitments
  • $753,226Restructured Loans and leases
  • $92,125Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $138,436Total interest income
  • $25,784Total interest expense
  • $112,652Net interest income
  • $10,624Provision for loan and lease losses
  • $17,781Total noninterest income
  • $910Fiduciary activities
  • $10,325Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,546Additional noninterest income
  • $77,367Total noninterest expense
  • $32,381Salaries and employee benefits
  • $12,967Premises and equipment expense
  • $32,019Additional noninterest expense
  • $42,442Pre-tax net operating income
  • -$11,080Securities gains (losses)
  • $9,880Applicable income taxes
  • $21,482Income before extraordinary items
  • $0Extraordinary gains - net
  • $21,482Net income attributable to bank
  • $0Net charge-offs
  • $21,482Cash dividends
  • $9,422Sale, conversion, retirement of capital stock, net
  • $21,800Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 2.46%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 3.51%Return on equity (ROE)
  • -0.05%Retained earnings to average equity (YTD only)
  • 0.37%Net charge-offs to loans
  • 112.76%Credit loss provision to net charge-offs
  • 5.63%Efficiency ratio
  • 58,271Assets per employee
  • 7.13%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 101.48%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 87.20%Noncurrent assets plus other real estate owned to assets
  • 1.90%Noncurrent loans to loans
  • 1.73%Net loans and leases to deposits
  • 89.28%Net loans and leases to core deposits
  • 99.28%Equity capital to assets
  • 16.90%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 12.56%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $3,704,223Average earning assets
  • $612,720Average equity
  • $3,141,084Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $202,898Managed Assets
  • 1Number of Accounts
  • $97,448Personal trust and agency accounts
  • $12,920Employee benefit-defined contribution accounts
  • $298Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,455Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $76,775Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 178Number of Accounts
  • $0Personal trust and agency accounts
  • $7,455Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $105,450Other retirement accounts
  • $0Corporate trust and agency accounts
  • $104,934Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 7 District Of Columbia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    19257448Spring Valley Branch4900 Massachusetts Avenue, N.W., Washington, DC 20016March 23, 1992Full Service Brick and Mortar
    20257449K Street Branch1667 K Street, N.W., Washington, DC 20006December 20, 1996Full Service Brick and Mortar
    3216648International Square Branch1875 Eye Street, N.W., Washington, DC 20006May 03, 1982Full Service Brick and Mortar
    33287756Pennsylvania Avenue Branch1275 Pennsylvania Avenue, N.W., Washington, DC 20004June 30, 1988Full Service Brick and Mortar
    4235800G Street Branch1001 G Street, N.W., Washington, DC 20001July 07, 1986Full Service Brick and Mortar
    43436492301 M Street Branch2301 M Street, N.W., Washington, DC 20037January 01, 1937Full Service Brick and Mortar
    50359504Ingleside Branch3050 Military Road, N.W., Washington, DC 20015Febuary 06, 2001Limited Service Mobile
  • 8 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    21257450Rockville Branch12101 Rockville Pike, Rockville, MD 20852March 28, 1997Full Service Brick and Mortar
    37255755Kenwood Branch5272 River Road, Bethesda, MD 20816December 22, 1982Full Service Brick and Mortar
    38255757Germantown Branch19701 Frederick Road, Germantown, MD 20876October 02, 1995Full Service Brick and Mortar
    39255758Bethesda Metro7535 Old Georgetown Rd, Bethesda, MD 20814May 28, 1996Full Service Brick and Mortar
    45262035Community Branch7250 Wisconsin Avenue, Bethesda, MD 20814December 24, 1997Full Service Brick and Mortar
    46262036Fenton Street Branch8630 Fenton Street, Silver Spring, MD 20910April 27, 1998Full Service Brick and Mortar
    47262037Shady Grove Branch16268 Frederick Road, Gaithersburg, MD 20877December 14, 1998Full Service Brick and Mortar
    79493127Montrose Branch11921 Rockville Pike, Rockville, MD 20852May 29, 2009Full Service Brick and Mortar
  • 42 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015972United Bank11185 Main Street, Fairfax, VA 22030May 10, 1979Full Service Brick and Mortar
    3255466Woodburn Branch3289 Woodburn Road, Annandale, VA 22003July 01, 1988Full Service Brick and Mortar
    4255467Vienna Branch226 Maple Avenue West, Vienna, VA 22180November 26, 1991Full Service Brick and Mortar
    5255468Mclean Branch1320 Old Chain Bridge Road, Mclean, VA 22101March 09, 1992Full Service Brick and Mortar
    614645Falls Church Branch7787 Leesburg Pike, Falls Church, VA 22043August 01, 1973Full Service Brick and Mortar
    7252398Reston Branch1801 Reston Parkway, Reston, VA 20190December 18, 1979Full Service Brick and Mortar
    10255471Loudoun Branch21036 Tripleseven Road, Sterling, VA 20165September 06, 1994Full Service Brick and Mortar
    11255472Fair Lakes Branch13060 Fair Lakes Blvd, Fairfax, VA 22033October 11, 1994Full Service Brick and Mortar
    12255473Chantilly Branch4501 Daly Drive, Chantilly, VA 20151June 15, 1994Full Service Brick and Mortar
    13255474Prince William Branch9872 Liberia Avenue, Manassas, VA 20110November 15, 1994Full Service Brick and Mortar
    14255475Lee-Harrison Branch5335 Lee Highway, Arlington, VA 22207September 08, 1995Full Service Brick and Mortar
    15255476South Arlington Branch2300 Ninth Street, Arlington, VA 22204January 02, 1996Full Service Brick and Mortar
    16255477Leesburg Branch531 A East Market Street, Leesburg, VA 20176May 28, 1996Full Service Brick and Mortar
    29289084Tysons Branch2071 Chain Bridge Road, Vienna, VA 22182August 30, 1995Full Service Brick and Mortar
    36287714North Point Village Branch1498 North Point Village Center, Reston, VA 20194March 31, 1994Full Service Brick and Mortar
    40285266Alexandria Branch301 South Washington Street, Alexandria, VA 22314September 23, 1996Full Service Brick and Mortar
    51360962Quincy Plaza907 N. Quincy Street, Arlington, VA 22203April 09, 2001Full Service Brick and Mortar
    54261958Front Royal Branch300 Warren Avenue, Front Royal, VA 22630August 12, 1993Full Service Brick and Mortar
    55261959Winchester Branch1041 Berryville Avenue, Winchester, VA 22601Febuary 03, 1995Full Service Brick and Mortar
    56261960North Winchester Branch1447 North Frederick Pike, Winchester, VA 22603June 18, 1997Full Service Brick and Mortar
    57261961Woodstock Branch1014 South Main Street, Woodstock, VA 22664September 22, 1997Full Service Brick and Mortar
    58364111Downtown Winchester Branch139 North Cameron Street, Winchester, VA 22601May 14, 2002Full Service Brick and Mortar
    59419679522 South Branch199 Front Royal Pike, Winchester, VA 22602April 24, 2003Full Service Brick and Mortar
    60429634Shenandoah Ave. Branch1729 Shenandoah Avenue, Front Royal, VA 22630December 08, 2003Full Service Brick and Mortar
    61445669Winchester Branch2252 Valley Avenue, Winchester, VA 22601November 07, 2005Full Service Brick and Mortar
    62452227Route 50 West Branch2051 Northwestern Pike, Winchester, VA 22603June 19, 2006Full Service Retail
    63465790Strasburg Branch120 Ox Bow Drive, Strasburg, VA 22657November 02, 2006Full Service Brick and Mortar
    6446432Rockingham Heritage Bank Harrisonbur110 University Boulevard, Harrisonburg, VA 22801November 15, 1990Full Service Brick and Mortar
    65289361Red Front Branch677 Chicago Avenue, Harrisonburg, VA 22802January 03, 1994Full Service Retail
    66289362South Main Branch1980 South Main Street, Harrisonburg, VA 22801June 14, 1995Full Service Brick and Mortar
    67289363Elkton Branch410 West Spotswood Trail, Elkton, VA 22827November 18, 1996Full Service Brick and Mortar
    68289364Weyers Cave Branch51 Franklin St Suite 102, Weyers Cave, VA 24486April 12, 1999Full Service Brick and Mortar
    69289365Waynesboro Branch2556 Jefferson Highway, Suite 110, Waynesboro, VA 22980June 01, 1999Full Service Brick and Mortar
    70362003Staunton Branch49 Lee Jackson Highway, Suite 101, Staunton, VA 24401June 18, 2001Full Service Brick and Mortar
    71429768Bridgewater Branch309 N Main St, Bridgewater, VA 22812April 01, 2004Full Service Brick and Mortar
    7262121Charlottesville Branch1265 Seminole Trail, Charlottesville, VA 22901December 28, 1998Full Service Brick and Mortar
    73362922Charlottesville Branch100 Fifth Street Southeast, Charlottesville, VA 22902December 10, 2001Full Service Brick and Mortar
    74365296Ruckersville Branch8260 Seminole Trail, Ruckersville, VA 22968April 15, 2002Full Service Brick and Mortar
    75452967Broadway Branch361 South Main St, Broadway, VA 22815April 18, 2006Full Service Brick and Mortar
    76452968Chicago Ave Branch624 Chicago Ave, Harrisonburg, VA 22802July 01, 2005Limited Service Facility
    77480637Kernstown Branch4095 Valley Pike, Winchester, VA 22602July 14, 2007Full Service Brick and Mortar
    78491475Westmoreland Street Branch2030 Westmoreland St, Falls Church, VA 22043June 05, 2009Full Service Brick and Mortar

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