WashingtonFirst Bank

WashingtonFirst Bank is headquartered in Reston and is the 34^th largest bank in the state of Virginia. It is also the 1,100^th largest bank in the nation. It was established in 2004 and as of March of 2012, it had grown to 82 employees at 10 locations. WashingtonFirst Bank has a 4-star health rating.

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Data for Q1 2012

Institution Statistics WashingtonFirst Bank FDIC Certificate # 57696 BankRate Report View Year Established 2004 Employees 82 Primary Regulator FDIC Assets and Liabilities Assets $607.87 million Loans $419.65 million Deposits $531.89 million Equity Capital $49.89 million Loan Loss Allowance $5.76 million Unbacked Noncurrent Loans $6.94 million Real Estate Owned $615,000 Historic Data - March 2011 Assets $451.20 million Equity Capital $43.10 million Loan Loss Allowance $3.64 million Unbacked Noncurrent Loans $1.15 million Real Estate Owned $3.20 million Profit Margin - Quarterly Net Interest Margin 3.83% Return on Assets 0.51% Return on Equity 6.04% Interest Income $6.66 million

Institution Health Overall Score: 4 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of March 31, 2012 WashingtonFirst Bank had $7.56 million in non-current loans and owned real-estate with $55.65 million in equity and loan loss allowances on hand to cover it. This gives WashingtonFirst Bank a Texas Ratio of 13.58% which is above average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for WashingtonFirst Bank held steady from 8.79% as of March 31, 2011 to 13.58% as of March 31, 2012, resulting in a negative change of 54.54%. This indicates that the balance sheet and financial strength for WashingtonFirst Bank has held steady in recent periods. Deposit Growth In the past year, WashingtonFirst Bank has increased its total deposits by $154.92 million, resulting in 41.1% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth WashingtonFirst Bank has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. WashingtonFirst Bank has $607.87 million in assets with $55.65 million in equity, resulting in a capitalization level of 9.15%, which is average.

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