WashingtonFirst Bank

11636 Plaza America Drive
Reston, VA 20190


2018 Overview

General Bank Information

FDIC Insured Yes
FDIC Certificate # 57696
Date Established 2004
Assets $2.08 billion
Loans $1.70 billion
Deposits $1.62 billion
Capital $0.22 billion

WashingtonFirst Bank is an FDIC insured institution located in Reston, VA. It was founded in 2004 and has approximately $2.11 billion in assets.

For a more detailed analysis of WashingtonFirst Bank's financial condition and a description of what these numbers mean, please visit the Financial Details section.

Bank Loan Profile?

The top three loan types in WashingtonFirst Bank’s loan portfolio are Commercial Real Estate, 1-4 Family Residential Loans, and Construction and Development Loans.

Compared to other banks in Virginia, WashingtonFirst Bank has a significantly higher percent of Construction and Development Loans, Commercial Real Estate on its balance sheet, potentially indicating a specialty in that lending area.

Note: Percentages may not sum to 100% due to rounding and double categorization of some loan types. All data from the FDIC. Additional information about this table.

Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.80
Credit Card Loans 0.00
Consumer Auto Loans 0.00
Small Business Loans 6.04
Construction and Development Loans 16.30
Commercial Real Estate 49.76
Commercial and Industrial Loans 10.77
Farm Loans 0.00

Deposit Rates - November 21, 2018

Your Current Location: Virginia, VA 20146

There are currently no rates available for Washingtonfirst Bank, but see these great savings and CD rates:

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Loan Rates - November 21, 2018

Your Current Location: Virginia, VA 20146

There are currently no loan rates available for WashingtonFirst Bank

Please contact the bank for questions about their loan products. In the meantime you may wish to consider these offerings:

Featured - Virginia 30 Year Fixed Mortgage Rates 2018

Lender APR Rate (%) Points Fees Monthly
Learn More
NMLS ID: 399799
4.960% 4.875% 0.50 $2,558 $1,324 Learn More
CapWest Home Loans
NMLS ID: 6521
5.035% 5.000% 0.00 $997 $1,343 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2018

Lender Rate (%) Monthly Payment Learn More
Flagstar Bank 5.49% $284 Learn More
Third Federal Savings and Loans 4.24% $246 Learn More

Note to WashingtonFirst Bank
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Financial Details

WashingtonFirst Bank Ratio Analysis

The following ratios and data are available to help you better understand the financial condition of WashingtonFirst Bank. The data is provided by the FDIC. All banks listed on BestCashCow.com are FDIC-insured. No depositor has ever lost deposits that have been within the FDIC insurance limits.

Texas Ratio
WashingtonFirst Bank U.S. Bank Average
9.75% 7.92%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its the bank’s tangible common equity and its loan loss reserves. A lower Texas ratio indicates better coverage of problem loans. The closer the Texas Ratio is to 1-to-1 or 100%, the less capital and reserves a bank has to absorb its loan losses.

As of June 30, 2018, WashingtonFirst Bank had $22,507,000 in non-current loans and $497,000 in owned real estate. To cover these potential losses it had $221,345,000 in equity and $14,655,000 in loans loss reserves. That gives it a Texas Ratio of 9.75%.

Return on Equity
WashingtonFirst Bank U.S. Bank Average
10.14% 9.77%

WashingtonFirst Bank has a Return on Equity of 10.14% versus the BestCashCow average of 9.77%. Return on equity measures how efficiently a bank is making money from its capital. A bank with a consistently high ROE can be considered well run. A bank with a consistently low ROE can be considered poorly run.

WashingtonFirst Bank U.S. Bank Average
10.65% 12.31%

WashingtonFirst Bank has a Capitalization of 10.65% versus the BestCashCow average of 12.31. Capitalization measures how much equity capital a bank has to underpin loans and other assets on its balance sheet. The higher the capitalization number the more secure a bank is considered.

WashingtonFirst Bank Balance Sheet Analysis

As of December 31, 2017, WashingtonFirst Bank had assets of $2,109,649,000, loans of $1,704,074,000, and deposits of $1,619,664,000. Long-term increases in deposits shows a bank's ability to raise funds to grow its loans and assets. Loan and asset growth may rise or fall depending on a bank's strategy for growth. Sharp rises and falls in assets, deposits, and loans can be problematic, indicating a loosening of lending standards, or financial distress leading to reduced lending. A big change in these figured can also be from a bank acquisition or merger.

Summary Balance Sheet

June 30, 2018
Cash & Balances due from depository institutions $0.03 billion
Interest-bearing balances $0.01 billion
Total securities $0.29 billion
Federal funds sold and reverse repurchase $0.00 billion
Net loans and leases $1.70 billion
Loan loss allowance $0.01 billion
Trading account assets $0.00 billion
Bank premises and fixed assets $0.00 billion
Other real estate owned $0.00 billion
Goodwill and other intangibles $0.01 billion
All other assets $0.07 billion
     Total Assets $1.89 billion
Total deposits $1.62 billion
      Interest-bearing deposits $1.18 billion
      Deposits held in domestic offices $1.62 billion
      % insured (estimated) 66.20%
Federal funds purchased and repurchase agreements $0.01 billion
Trading liabilities $0.00 billion
Other borrowed funds $0.24 billion
Subordinated debt $0.00 billion
All other liabilities $0.02 billion
      Total Liabilities $1.89 billion
      Shareholders’ Equity $0.19 billion

Summary Income Statement

June 30, 2018
Total Interest Income $0.09 billion
Total Interest Expense $0.01 billion
Net interest income $0.07 billion
Provision for loan and lease losses $0.00 billion
Total non interest income $0.02 billion
Total non interest expense $0.06 billion
Pre-tax Net Operating Income $0.03 billion

Frequently Asked Questions About Washingtonfirst Bank

Branches and Savings

Is Washingtonfirst Bank FDIC insured?

Yes. It is covered under FDIC Certificate #57696.

Why does Washingtonfirst Bank pay such low interest on savings accounts?

See the best online savings rates here. See the best local savings rates here.

Why are Washingtonfirst Bank CD rates not competitive?

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Is Washingtonfirst Bank a commercial bank?


Where are Washingtonfirst Bank locations?

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Is Washingtonfirst Bank open on Saturdays?

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Do Washingtonfirst Bank checks expire?

Does Washingtonfirst Bank require US citizenship to open account?

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Does Washingtonfirst Bank Report to credit bureaus?

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Does Washingtonfirst Bank offer mortgages?

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Does Washingtonfirst Bank offer home equity lines of credit and home equity loans?

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Does Washingtonfirst Bank offer personal loans?

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Does Washingtonfirst Bank offer student loans?

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Background on The Bank

Who owns Washingtonfirst Bank?

How long has Washingtonfirst Bank been around?

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