WashingtonFirst Bank

Headquarters

11636 Plaza America Drive
Reston, VA 20190
See all branch locations →

Notable Rates APY Vs.Others
Savings N.A. 0.85% →
1-Year CD N.A. 0.70% →
2-Year CD N.A. 0.75% →
5-Year CD N.A. 1.15% →
30-Year Mortgage N.A. 2.72% →
15-Year Mortgage N.A. 2.36% →
HELOC N.A. 2.79% →

2021 Overview

General Bank Information

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

FDIC Insured Yes
FDIC Certificate # 57696
Date Established 2004
Assets $ 2.08 billion
Loans $ 1,704.07 million
Deposits $ 1,619.66 million
Capital $ 221.35 million
 

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.

Deposit Rates - September 16, 2021

Your Current Location: Virginia, VA 20146

 

Loan Rates - September 16, 2021

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 2021

Lender APR Rate (%) Monthly
Payment
Learn More
PADDIO
NMLS ID: 1907
2.798% 2.750%
-0.38 points
$1,562 fees
$1,021 Learn More
Flagstar Bank, FSB
NMLS ID: 417490
3.076% 3.000%
1.00 points
$2,442 fees
$1,055 Learn More

Featured - Virginia Home Equity Line Of Credit Rates 2021

Lender APR (%)? Monthly Payment? Learn More
Bethpage Federal Credit Union
Bethpage Federal Credit Union
See Table
Intro APR 2.990 %
After Intro: 3.750 %
Intro Period: 12 months
$25,000 Learn More
More Info
BMO Harris Bank
BMO Harris Bank
See Table
Intro APR 1.790 %
After Intro: 4.840 %
Intro Period: 6 months
$0 Learn More
More Info
Third Federal Savings and Loan
Third Federal Savings and Loan
See Table
2.240 %
$0 Learn More
More Info

Note to WashingtonFirst Bank
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Branches

WashingtonFirst Bank branches and locations in your neighborhood. Input a different zip code to find branches and locations for any neighborhood in the United States.

Your Location:
Ashburn,Virginia


WashingtonFirst Bank Locations


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% 5.29%

The Texas Ratio compares the bank’s non performing assets (non-performing loans and real estate owned) with its 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 March 31, 2021, 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% 11.43%

WashingtonFirst Bank has a Return on Equity of 10.14% versus the BestCashCow average of 11.43%. 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.

Capitalization
WashingtonFirst Bank U.S. Bank Average
10.65% 11.51%

WashingtonFirst Bank has a Capitalization of 10.65% versus the BestCashCow average of 11.51. 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

March 31, 2021
ASSETS
Cash & Balances due from depository institutions $ 31.92 million
Interest-bearing balances $ 14.09 million
Total securities $ 285.37 million
Federal funds sold and reverse repurchase $ 1.15 million
Net loans and leases $ 1,704.07 million
Loan loss allowance $ 14.66 million
Trading account assets N.A.
Bank premises and fixed assets N.A.
Other real estate owned $ 0.50 million
Goodwill and other intangibles $ 9.94 million
All other assets $ 71.25 million
     Total Assets $ 1,888.31 million
LIABILITIES
Total deposits $ 1,619.66 million
      Interest-bearing deposits $ 1,184.40 million
      Deposits held in domestic offices $ 1,619.66 million
      % insured (estimated) 66.20%
Federal funds purchased and repurchase agreements $ 6.89 million
Trading liabilities N.A.
Other borrowed funds $ 239.36 million
Subordinated debt N.A.
All other liabilities $ 22.40 million
      Total Liabilities $ 1,888.31 million
      Shareholders’ Equity $ 190.01 million

Summary Income Statement

March 31, 2021
INCOME AND EXPENSES
Total Interest Income $ 85.26 million
Total Interest Expense $ 14.00 million
Net interest income $ 71.27 million
Provision for loan and lease losses $ 2.85 million
Total non interest income $ 19.83 million
Total non interest expense $ 57.18 million
Pre-tax Net Operating Income $ 31.07 million

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.

%
Loans
%
Comparison to Other Banks
 Low   Med   High 
1-4 Family Residential Loans 20.80
Multifamily
Mortgages
3.00
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

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?

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

Is Washingtonfirst Bank a commercial bank?

Yes

Where are Washingtonfirst Bank locations?

See branch locations nearby.

Is Washingtonfirst Bank open on Saturdays?

Is Washingtonfirst Bank open on Sundays?

What time does Washingtonfirst Bank open?

What time does Washingtonfirst Bank close?

Are Washingtonfirst Bank ATMs Open 24/7?

Do Washingtonfirst Bank ATMs accept cash deposits?

Can Washingtonfirst Bank customers use other ATMs?

Do Washingtonfirst Bank branches have notaries?

Will Washingtonfirst Bank notarize my document?

What address for Washingtonfirst Bank should I put for incoming ACH transfers?

Will the Washingtonfirst Bank branch print checks?

Do Washingtonfirst Bank checks expire?

Does Washingtonfirst Bank require US citizenship to open account?

Can Washingtonfirst Bank close my account?

Does Washingtonfirst Bank Report to credit bureaus?

Does Washingtonfirst Bank Use Equifax?

What is Washingtonfirst Bank's ACH Routing Number?

What is Washingtonfirst Bank's SWIFT code?

Products

Does Washingtonfirst Bank offer mortgages?

Compare mortgage rates here.

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

Compare home equity lines of credit rates here.

Does Washingtonfirst Bank offer personal loans?

Compare personal loan rates here.

Does Washingtonfirst Bank offer student loans?

Will Washingtonfirst Bank cash a check?

Will Washingtonfirst Bank redeem a savings bond?

Does Washingtonfirst Bank cash savings bonds?

Will Washingtonfirst Bank cash money orders?

Can Washingtonfirst Bank issue a money order?

Does Washingtonfirst Bank do currency exchange?

Background on The Bank

Who owns Washingtonfirst Bank?

How long has Washingtonfirst Bank been around?

Can Washingtonfirst Bank transfer to other banks?

Does Washingtonfirst Bank have quick pay?

Does Washingtonfirst Bank accept rolled coins?

Will Washingtonfirst Bank accept loose change?

Where is Washingtonfirst Bank headquarters?

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