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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Washington Federal Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents