Washington Federal Savings Bank in Herndon, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 02, 1996

  • Washington Federal Savings Bank in Herndon, Virginia (VA)
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Washington Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 27673
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Allfirst Bank (#4822)
    Federal Reserve ID: 867472
    Date Established: January 01, 1881
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 92
    FDIC's unique #: 40507
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: March 16, 1951
    Last Structure Change Effective Date: August 02, 1996
    Last Structure Change Process Date: August 23, 1996
    Last Data Update: August 23, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 570 Herndon Parkway, Herndon, VA 22070
    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: $815.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $308Total assets
  • $801,017Cash and due from depository institutions
  • $6,679Interest-bearing balances
  • $1,804Securities
  • $412,203Federal funds sold & reverse repurchase agreements
  • $758Net loans & leases
  • $351,240Loan loss allowance
  • $6,373Trading account assets
  • $0Bank premises and fixed assets
  • $2,996Other real estate owned
  • $1,532Goodwill and other intangibles
  • $25,400Life insurance assets
  • $209All other assets
  • $0Total liabilities and capital
  • $801,017Total liabilities
  • $754,841Total deposits
  • $445,355Interest-bearing deposits
  • $429,385Deposits held in domestic offices
  • 445355.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $175,048Trading liabilities
  • $0Other borrowed funds
  • $129,391Subordinated debt
  • $0All other liabilities
  • $5,047Total equity capital
  • $5,047Total bank equity capital
  • $46,176Perpetual preferred stock
  • $0Common stock
  • $99Surplus
  • $42,570Undivided profits
  • Memoranda
  • $3,507Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,632Income earned, not collected on loans
  • $2,768Earning assets
  • $766,005Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $781,706Average Assets, quarterly
  • $800,832Volatile liabilities
  • $354,456Insider loans
  • $895FHLB advances
  • $129,391Loans and leases held for sale
  • $0Unused loan commitments
  • $106,071Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $44,514Total risk weighted assets
  • $354,453Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $56,672Total interest expense
  • $37,471Net interest income
  • $19,201Provision for loan and lease losses
  • -$549Total noninterest income
  • $5,214Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $78Additional noninterest income
  • $5,136Total noninterest expense
  • $22,548Salaries and employee benefits
  • $10,071Premises and equipment expense
  • $7,816Additional noninterest expense
  • $4,661Pre-tax net operating income
  • $2,416Securities gains (losses)
  • $4,196Applicable income taxes
  • $1,355Income before extraordinary items
  • $5,257Extraordinary gains - net
  • $0Net income attributable to bank
  • $5,257Net charge-offs
  • $3,476Cash dividends
  • $2,187Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.58%Cost of funding earning assets
  • 5.01%Net interest margin
  • 2.57%Noninterest income to earning assets
  • 0.70%Noninterest expense to earning assets
  • 3.02%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.67%Pretax return on assets
  • 0.85%Return on equity (ROE)
  • 12.03%Retained earnings to average equity (YTD only)
  • 7.03%Net charge-offs to loans
  • 0.99%Credit loss provision to net charge-offs
  • -15.79%Efficiency ratio
  • 92,353Assets per employee
  • 2.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.60%Loss allowance to loans
  • 1.78%Loss allowance to noncurrent loans
  • 73.83%Noncurrent assets plus other real estate owned to assets
  • 1.27%Noncurrent loans to loans
  • 2.41%Net loans and leases to deposits
  • 78.87%Net loans and leases to core deposits
  • 88.85%Equity capital to assets
  • 5.76%Core capital (leverage) ratio
  • 5.58%Tier 1 risk-based capital ratio
  • 12.56%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $781,706Average earning assets
  • $43,692Average equity
  • $747,798Average loans

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