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Chain Bridge Bank, National Association   |   Profile
Bank Overview
Name
Chain Bridge Bank, National Association
Address
1445-A Laughlin Avenue
City/State/Zip
Mclean, VA 22101
County
Fairfax
Website
www.chainbridgebank.com
Holding Company
Chain Bridge Bcorp Inc
Entity Type
Federal (Commercial Bank)
Stock/Mutual
Stock
Established
Aug. 6, 2007
Tax ID/EIN
208219870
Primary ABA
56009479
FED ID
3597211
FDIC Cert
58595
OCC Charter
24755
Primary Regulator
OCC
CRA Rating
Outstanding (as of Oct. 22, 2018)
Enforcement Action
No Known Actions/Orders
Asset Focus
Other Specialized < $1 Billion
S-Corp
No
Trust Operations
No
Highlights as of Dec. 31, 2019
Location Count
1
Employee Count (Full-Time)
54
Leverage Ratio (Tier 1)
7.05% 0.97 from 8.02% QoQ 1.79 from 8.02% YoY
Assets
$930.4 Million 12.12% QoQ 51.30% YoY
Loans
$265.3 Million 0.1% QoQ 2.89% YoY
Securities
$611.6 Million 35.49% QoQ 105.24% YoY
Liabilities
$858.2 Million 12.08% QoQ 51.71% YoY
Deposits
$853.5 Million 11.93% QoQ 51.48% YoY
Equity
$72.1 Million 12.56% QoQ 46.62% YoY
Revenues (Q4)
$6.5 Million 8.7% QoQ 34.58% YoY
Revenues (Annualized)
$25.8 Million vs $21.7 Million in 2019 (annualized)
Net Income (Q4)
$2.1 Million 32.77% QoQ 158.96% YoY
Net Income (Annualized)
$8.6 Million vs $5.0 Million in 2019 (annualized)
ROA, ROAA (Annualized)
0.92%, 0.92%
ROE, ROAE (Annualized)
11.88%, 12.56%
Non-Current/Loans
0.0% 0.0 from 0.0% QoQ 0.0 from 0.0% YoY
Brokered/Deposits
0.00% 0.00 from 0.00% QoQ 0.00 from 0.00% YoY
Loans/Deposits
30.65% 3.69 from 34.34% QoQ 14.47 from 34.34% YoY
Efficiency Ratio
56.92% 8.97 from 65.89% QoQ 18.14 from 65.89% YoY
Texas Ratio
0.00% 0.00 from 0.00% QoQ 0.00 from 0.00% YoY
Chain Bridge Bank, National Association   |   Financial Statements
Balance Sheet
Balance Sheet
Chain Bridge Bank, National Association
($000)
2020 Q1 2019 2018 2017 2016 2015 2014
Assets
Cash & Balances Due $37,900 $100,737 $31,998 $133,073 $67,148 $11,485 $15,348
Noninterest-bearing $4,739 $3,505 $3,525 $4,727 $3,928 $2,382 $4,414
Interest-bearing $33,161 $95,554 $28,473 $128,346 $63,220 $9,103 $10,934
Securities $611,589 $451,407 $239,039 $223,899 $182,388 $216,059 $143,072
Held-to-maturity $0 $0 $0 $0 $0 $0 $0
Available-for-sale $611,052 $450,879 $238,539 $223,899 $182,388 $216,059 $143,072
Equity securities NHFT $537 $528 $500 $0 $0 $0 $0
Total Loans & Leases $265,270 $265,540 $260,220 $235,473 $224,110 $183,737 $169,403
Gross Loans & Leases $265,270 $265,540 $260,220 $235,473 $224,110 $183,737 $169,403
LESS: Unearned Income $0 $0 $0 $0 $0 $0 $0
Net Loans & Leases $261,577 $261,823 $256,577 $232,179 $221,000 $181,179 $167,057
Held-for-sale $1,498 $0 $0 $198 $1,915 $1,037 $1,839
Held-for-investment $263,772 $265,540 $260,220 $235,275 $222,195 $182,700 $167,564
LESS: ALLL $ $3,717 $3,643 $3,294 $3,110 $2,558 $2,346
Fed Funds Sold $0 $0 $0 $0 $25 $0 $0
Other Assets $19,284 $17,501 $19,473 $14,465 $13,026 $11,991 $11,853
Premises & Fixed Assets $11,229 $11,258 $11,355 $8,333 $7,438 $7,692 $7,965
Trading Assets $0 $0 $0 $0 $0 $0 $0
Other Real Estate Owned $0 $0 $0 $0 $0 $0 $0
Unconsolidated Subsidiaries $0 $0 $0 $0 $0 $0 $0
Real Estate Ventures $0 $0 $0 $0 $0 $0 $0
Intangible Assets $0 $0 $0 $0 $0 $0 $0
Acceptances & Misc. $8,055 $6,243 $8,118 $6,132 $5,588 $4,299 $3,888
Assets $930,350 $829,790 $547,087 $603,616 $483,587 $420,714 $337,330
Total Assets $930,350 $829,790 $547,087 $603,616 $483,587 $420,714 $337,330
Liabilities
Deposits $853,457 $762,458 $452,744 $550,701 $443,423 $381,766 $291,899
FHLB Advances $0 $0 $39,300 $0 $0 $0 $12,000
Maturing Within 1YR $0 $0 $39,300 $0 $0 $0 $12,000
Maturing After 1YR $0 $0 $0 $0 $0 $0 $0
Fed Funds Purchased $658 $433 $474 $5,408 $1,522 $527 $483
Other Liabilities $4,099 $2,811 $2,056 $1,715 $2,291 $1,496 $1,182
Other Maturing Within 1YR $0 $0 $0 $0 $0 $0 $0
Other Maturing After 1YR $0 $0 $0 $0 $0 $0 $0
Subordinated Notes & Debentures $0 $0 $0 $0 $0 $0 $0
Acceptances & Misc. $4,099 $2,811 $2,056 $1,715 $2,291 $1,496 $1,182
Liabilities $858,214 $765,702 $494,574 $557,824 $447,236 $383,789 $305,564
Equity
Total Equity Capital $72,136 $64,088 $52,513 $45,792 $36,351 $36,925 $31,766
Minority Interests in Consolidated Subs. $0 $0 $0 $0 $0 $0 $0
Total Bank Equity Capital $72,136 $64,088 $52,513 $45,792 $36,351 $36,925 $31,766
Perpetual Preferred $0 $0 $0 $0 $0 $0 $0
Common Stock $35 $34 $33 $29 $22 $24 $20
Surplus $35,165 $33,766 $32,468 $28,721 $22,028 $24,025 $20,030
Retained Earnings $30,157 $ $23,542 $18,678 $15,991 $13,122 $10,842
Accumulated Other Income $6,779 $2,271 $-3,530 $-1,636 $-1,690 $-246 $874
$0 $0 $0 $0 $0 $0 $0
Equity $72,136 $64,088 $52,513 $45,792 $36,351 $36,925 $31,766
Total Liabilities & Equity $930,350 $829,790 $547,087 $603,616 $483,587 $420,714 $337,330
Income Statement
Income Statement
Chain Bridge Bank, National Association
($000)
2020 Q1 2019 2018 2017 2016 2015 2014
Revenues
Total Interest Income $6,054 $20,539 $20,005 $15,413 $13,247 $11,415 $10,307
Interest & Fees on Loans $2,901 $11,582 $10,429 $9,722 $8,400 $7,358 $6,516
Interest on Securities $2,717 $7,562 $6,642 $4,594 $4,292 $3,847 $3,622
Interest on Deposits, Leases, Other $436 $1,395 $2,934 $1,097 $555 $210 $169
Total Noninterest Income $406 $1,170 $778 $701 $833 $747 $508
Fiduciary Activities $0 $0 $0 $0 $0 $0 $0
Trading, Venture Capital, Securitization $0 $0 $0 $0 $0 $0 $0
Investment Banking & Advisory $0 $0 $0 $0 $0 $0 $0
Insurance Commissions & Fees $0 $0 $0 $0 $0 $0 $0
Gain/Loss on OREO & Other Asset Sales $0 $0 $0 $0 $0 $0 $0
Service Charges & Other $406 $1,170 $778 $701 $833 $747 $508
Total Revenues $6,460 $21,709 $20,783 $16,114 $14,080 $12,162 $10,815
Expenses
Total Interest Expenses $563 $3,299 $2,571 $1,179 $612 $618 $677
Total Noninterest Expenses $3,386 $12,265 $11,485 $10,152 $9,279 $8,217 $7,582
Total Expenses $3,949 $15,564 $14,056 $11,331 $9,891 $8,835 $8,259
Earnings
LESS: Provisions, Securities Gains/Losses, Other $-709 $89 $309 $201 $178 $143 $82
LESS: Applicable Income Taxes $502 $1,081 $1,103 $1,864 $918 $705 $461
Net Income $2,139 $4,975 $5,315 $2,718 $3,093 $2,479 $2,013
Chain Bridge Bank, National Association   |   Branches and deposits as of June 30, 2019
Chain Bridge Bank, National Association   |   Assets
Chain Bridge Bank, National Association   |   Liabilities
Chain Bridge Bank, National Association   |   Capital
Chain Bridge Bank, National Association   |   Loans
Chain Bridge Bank, National Association   |   Investments
Chain Bridge Bank, National Association   |   Earnings
Chain Bridge Bank, National Association   |   Liquidity
Chain Bridge Bank, National Association   |   RATE SENSITIVITY
Chain Bridge Bank, National Association   |   PEERS
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