# CARDINAL BANK
MCLEAN, VA · FDIC certificate 34733 · asset band $1-10B · latest filing 2017-03 · stopped filing (departed)

**Verdict on the desk:** this could be *funding-stretched*. Composite score 4 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $4.26B | |
| Deposits | $3.44B | |
| Loans and leases | $3.61B | |
| Total equity | $455.2M | |
| Loans / deposits | 103.98% (p88 of band) | 87.83% |
| Liquid assets / assets | 13.01% (p13 of band) | |
| Uninsured deposits / deposits | 43.28% (p85 of band) | 25.51% |
| Brokered deposits | 15.84% | |
| Wholesale funding | 23.67% (p90 of band) | |
| FHLB advances / assets | 5.17% | |
| Tier 1 leverage | 10.97% (p74 of band) | 9.88% |
| Unrealized securities loss / equity | 0.28% (p80 of band) | -0.51% |
| AOCI / equity | 0.10% (p35 of band) | |
| ROA (annualized) | 1.22% (p77 of band) | 0.97% |
| Net interest margin | 3.19% (p31 of band) | 3.44% |
| Efficiency ratio | 55.71% (p24 of band) | |
| Noncurrent loans | 0.16% (p12 of band) | 0.56% |
| Net charge-offs (annualized) | 0.02% (p55 of band) | |
| Reserve coverage of noncurrent | 545.22% | |
| Real estate % of loans | 91% | |
| Construction % of loans | 104.27% (p94 of band) | |
| Auto loans | $119,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p36 of band) | |
| Deposits YoY | 8.3% | |
| Employees | 833 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, wholesale funding >15%, construction >100% equity |  |
| 2011-06 | 2 |  | construction >100% equity |
| 2011-09 | 3 | brokered >10% |  |
| 2011-12 | 4 | capital falling |  |
| 2012-03 | 4 | construction >100% equity | capital falling |
| 2012-06 | 4 |  |  |
| 2012-09 | 4 |  |  |
| 2012-12 | 4 |  |  |
| 2013-03 | 3 |  | construction >100% equity |
| 2013-06 | 4 | liquid assets <10% |  |
| 2013-09 | 5 | deposits shrinking, assets shrinking | liquid assets <10% |
| 2013-12 | 5 | construction >100% equity | assets shrinking |
| 2014-03 | 3 |  | brokered >10%, deposits shrinking |
| 2014-06 | 4 | brokered >10% |  |
| 2014-09 | 3 |  | brokered >10% |
| 2014-12 | 3 |  |  |
| 2015-03 | 4 | brokered >10% |  |
| 2015-06 | 4 |  |  |
| 2015-09 | 5 | capital falling |  |
| 2015-12 | 5 |  |  |
| 2016-03 | 4 |  | capital falling |
| 2016-06 | 4 |  |  |
| 2016-09 | 4 |  |  |
| 2016-12 | 4 |  |  |
| 2017-03 | 4 |  |  |

## In the news (Google News, unfiltered, newest first; check the city)

- 2017-04-12 [United Bank’s acquisition of Cardinal Bank set for April 21 - WTOP News](https://news.google.com/rss/articles/CBMioAFBVV95cUxOMU1iOE53S3IzYlFSQmFpcDl3SGJPa0w0ZnVfWkZlT20zSXZDcHI4TXVMa3BNSlc0azBQb25CMnl6enVoandTMkkzR19lMWZoSnJta0x4ekwzcFhSU2VaQUttOXRINTJsS04zQ2RZczZyZ1c3RU5BZzc3aVhtTGNtQ19PZjhwQ0dfVlFaRDFSVmRQMGUyVWlrNEE2OUY3TDYx?oc=5) · WTOP News
- 2017-04-24 [7 Cardinal Bank Branches Closing as Part of United Bank Acquisition - nbcwashington.com](https://news.google.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?oc=5) · nbcwashington.com
- 2018-09-18 [John Marshall Bank taps former Cardinal Bank top executive as president and CEO - InsideNoVa.com](https://news.google.com/rss/articles/CBMi_wFBVV95cUxQV0hQdWd2LWlxX1I2TXFPUE1ndC1DdXBvekdJVDBveG5iZm9DY1VlSWJiQTdzMFhtRU5DeGR5elBlWV9fNm9HaGItZ2JVLXlnSDVuemNFZmExZ3g3WVZobjdMQ0IzVnpNbmNsSHp0UVpfSmdrWUp5V1NkQ2V6WUVwUHN0dkp3NWpqTFpxOVRwbzNINE4zRV8wWVZMZUoyU2NrT2laYjcySUpHVEM3SjBfdHlvVkh0bGN0Q1JLU244NWh5U2JXRW03RzI5TWhJelY2MW5UUlVoZDRoS2JENTUwMlNMY2paYjBaa0R6X2hDM1BJWkNwRjNreFRySWVFZ1E?oc=5) · InsideNoVa.com
- 2016-08-18 [United Bankshares to buy Cardinal Financial for $912 million - The Washington Post](https://news.google.com/rss/articles/CBMimAJBVV95cUxNT3dOTzhPaFNwUHVsWlVuN1lPSDRzMGpCQzBRNGE0OVpFZHVob09PYW1kVXFnMEZRME5xUHhQWUhsU1NRUVZKdzU1WDRYUWtFZjB1Q2R0Ykc2NVNsNHpqcUtCYXZtUEsxS3MyS2dzZmtBVnlzczBOQ2owZU8wbWpqSExoMGFyNFRDbnNyYlF3TmxVT0ZrZlIxVGcxU3l2UlpHMGtsd2JVMmduS2E1Mi1FcVd1Z0ZlaTZyNk45NUhMNmEtNlNKOGtLTkEwQkZHQkliZTRpMEt3cWlQSGF5YUFCcXE5WXhZakFWR240U0NEZW1BZFkxUkJhaDNwbUI5OUhYMmN6eU10MnZzRXlENW9rU0dxYmZIN0xC?oc=5) · The Washington Post
- 2012-10-11 [Cardinal Bank Changes Horrible Metro Ad Just in Time - DCist](https://news.google.com/rss/articles/CBMieEFVX3lxTFBLSWZVQjE4TmJQT0dpc05KbVhFZi1xdDVEM3h0OF93WF92VDNyWDIwaGxHelA0R2praWVIN0pQX3p6c01ZUUdzTzI4ZGszZ0VhXy1wZU1iNGMybUZWbW9IYUFZS2hORUV6UjRVbDFORk1udFdVaUhEMA?oc=5) · DCist
- 2016-12-23 [Cardinal Bank execs get some new employment terms before United Bank purchase - The Business Journals](https://news.google.com/rss/articles/CBMirgFBVV95cUxPdkwyaXUyTGRsTTl6U3hMWEJCUkszVnZDWnRLRklfODN5TlhvcVVmdk5iN1pJeVNLUmpOendrOXVHTjJVc0poR1hKWGxsZ2tSWEpQcGVBYjN4emR6bkZoNEQ5bkllRmwzLUI1aU82TkdmdmF4R2l4eG9LT0RUbzlmNTdDQzkzTFdBNm4zd2hNNlEzVVZZZVBzQnJ0b2thdGNhVUprM3dJTEpOcTh1VFE?oc=5) · The Business Journals
- 2021-12-07 [DC’s United Bank completes 33rd acquisition - WTOP News](https://news.google.com/rss/articles/CBMiiwFBVV95cUxOUW9aeVZ0VlBRVVRNd1ZnU3RuZV9reE0zaVo5YzlGd3VlNmtBMmljUEFwckhiVks2ZnowaXhPX1VBSGdvdC1DYlA0RWg0LWVoMGFEdHV4cXdFWXdWdG1iSWpHQTQ0WHdNVkVHdWxjZE9fZXRsV2taUk1xYWdEMXBXOWp6WFRKWlhheW84?oc=5) · WTOP News
- 2003-08-25 [Rescuing Cardinal Bank Took Some Expert Help - The Washington Post](https://news.google.com/rss/articles/CBMi2AFBVV95cUxOY3RmcFFEbnZCUHFMZmNnbktqS1VHZ3M0aDhtTEptZUtQTkx4ZU9rWXhUTlJSY2NvNzE0TFl4RkZ1RjMtR2ZseFN5R0luN1g4TlF6MGdYZHVPcXZweWY3SDhUTmwxV3JvakxfLTl1TWYyRXpVZFNxUnZhdnctbUJHUEJhWnl3QlotQ1htak1uZXJJTEtDZ21OdFpnR1RsWUtSaDNtajlXT01xaHVueVB0bV9EUmx1N1RnUE5Tdmk3Qy1XWmphYWlWQlZaNENKNWo4ZnZuRkQzaXg?oc=5) · The Washington Post

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=34733 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/45.json (key "34733", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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Rendered 2026-09-10 from the desks' own data files. Full guide: https://getbookiq.com/guide