# WASHINGTONFIRST BANK
RESTON, VA · FDIC certificate 57696 · asset band $1-10B · latest filing 2017-12 · 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 | $2.11B | |
| Deposits | $1.62B | |
| Loans and leases | $1.72B | |
| Total equity | $221.3M | |
| Loans / deposits | 105.21% (p88 of band) | 90.29% |
| Liquid assets / assets | 15.09% (p28 of band) | |
| Uninsured deposits / deposits | 33.82% (p67 of band) | 26.14% |
| Brokered deposits | 3.63% | |
| Wholesale funding | 15.30% (p71 of band) | |
| FHLB advances / assets | 11.35% | |
| Tier 1 leverage | 10.47% (p64 of band) | 9.96% |
| Unrealized securities loss / equity | -1.87% (p20 of band) | -0.71% |
| AOCI / equity | -0.02% (p35 of band) | |
| ROA (annualized) | 0.77% (p33 of band) | 0.92% |
| Net interest margin | 3.63% (p57 of band) | 3.55% |
| Efficiency ratio | 62.58% (p51 of band) | |
| Noncurrent loans | 1.31% (p87 of band) | 0.50% |
| Net charge-offs (annualized) | 0.09% (p69 of band) | |
| Reserve coverage of noncurrent | 65.11% | |
| Real estate % of loans | 89% | |
| Construction % of loans | 125.48% (p97 of band) | |
| Auto loans | $30,000 (0.00% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p37 of band) | |
| Deposits YoY | 5.4% | |
| Employees | 206 | |

## Flags firing in the latest filing

- **loans exceed deposits** (`liq_ltd`)
- **wholesale funding >15%** (`liq_wholesale`)
- **reserve under noncurrent** (`aq_reserve`)
- **construction >100% equity** (`conc_construction`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 1 | construction >100% equity |  |
| 2011-06 | 1 |  |  |
| 2011-09 | 1 |  |  |
| 2011-12 | 1 |  |  |
| 2012-03 | 2 | reserve under noncurrent |  |
| 2012-06 | 2 | wholesale funding >15% | reserve under noncurrent |
| 2012-09 | 2 | uninsured deposits leaving | wholesale funding >15% |
| 2012-12 | 4 | brokered >10%, wholesale funding >15%, reserve under noncurrent | uninsured deposits leaving |
| 2013-03 | 4 |  |  |
| 2013-06 | 2 |  | brokered >10%, wholesale funding >15% |
| 2013-09 | 2 |  |  |
| 2013-12 | 2 |  |  |
| 2014-03 | 3 | charge-offs p90 |  |
| 2014-06 | 3 | capital falling | charge-offs p90 |
| 2014-09 | 1 |  | reserve under noncurrent, capital falling |
| 2014-12 | 1 |  |  |
| 2015-03 | 1 |  |  |
| 2015-06 | 1 |  |  |
| 2015-09 | 1 |  |  |
| 2015-12 | 1 |  |  |
| 2016-03 | 1 |  |  |
| 2016-06 | 4 | uninsured deposits >50%, capital falling, run vulnerability |  |
| 2016-09 | 1 |  | uninsured deposits >50%, capital falling, run vulnerability |
| 2016-12 | 2 | loans exceed deposits |  |
| 2017-03 | 1 |  | loans exceed deposits |
| 2017-06 | 3 | reserve under noncurrent, uninsured deposits leaving |  |
| 2017-09 | 2 |  | uninsured deposits leaving |
| 2017-12 | 4 | loans exceed deposits, wholesale funding >15% |  |

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

- 2019-08-29 [6 questions with Trustar Bank CEO Shaza Andersen - Banking Dive](https://news.google.com/rss/articles/CBMiswFBVV95cUxPcVpfcmxKd0FwTDZkRFFZOTQ3YThkUmllSDQxLXlDTmZ1cUdyNU1YSHZvdDhkYUhaZUhUZ1VvT1NnRmdfd29ZemtCS0dsemZyMG5ka1p3aFhCa0U0djNMQ0xVdlRZWE5GdGZ2cFJnYlU5a0hTV2Z1Q2MwMU5FWlR6Y0ZmaHRxeG5yVWRyY3dYTGdSTnBZemtjMnNieVhhWTlLeU5PVkNnUnFrbHljOHVSWWZTRQ?oc=5) · Banking Dive
- 2022-08-29 [Trustar, Virginia’s newest bank, opens a branch by the White House - WTOP News](https://news.google.com/rss/articles/CBMipwFBVV95cUxOUFFiMjc2bGdycG9XSkhEelljYkhiaWpIcWE2UjdjZF92M01jZWVsNWM4OVY0czBQNG5NZ1Z6czVKbUVXWUVaQ1JsQWM2RTlkRUhPbFVJMm91Y2NhLTVoeXpzd0NEa2drQ050dm00MHVwNHdhcTQ5RlYtdzgwb00wUDdyTnBRM1ZqeEJBdU1fZGJ2azNyRHR3SllpYnRvNjloOFFpV25kWQ?oc=5) · WTOP News
- 2025-09-30 [SHAZA ANDERSEN | Founder and CEO, Trustar Bank - Virginia Business](https://news.google.com/rss/articles/CBMiXkFVX3lxTE1ISVNCM2RvaTNLOThTRzJYeGRHSzhUQ2FsTlJEM09tVUhoTTl6TXdTcmtEbGZFQmY5dmNqdkgwZzM5VkpXczNLYlBCdXZBOWRjT0ZuQU91aVpyTmNGQkE?oc=5) · Virginia Business
- 2017-05-16 [Sandy Spring Bancorp to acquire WashingtonFirst Bankshares - Maryland Daily Record](https://news.google.com/rss/articles/CBMikAFBVV95cUxNSlFrTXJFN2dEb19VSGc5djJLTkpiSU93c2ExbjZ0Q3lyeGhfcnlpcDBreFJvbHItQUlUNG1zTjcxT3QyVnRHWVRXZmVmckJWQ01kXzc5RFh2SlZUdmZOVGVWWkpWaEZ0T3RoTDJaREo0VTlNQnZEYms1dFZ5alFGeTJncDR6ckhjTDdibWdrR1I?oc=5) · Maryland Daily Record
- 2019-04-26 [Exclusive: Trustar Bank adds NFL star, former congresswoman to adviser roster - The Business Journals](https://news.google.com/rss/articles/CBMipAFBVV95cUxPQ05XejBmejR4THVBQlk1T0tDZ1V3MktWSzU1WjlFWm91bnZyMTBlRDY3eWFwM3otS0IxMmRwTHpabGNBUGhlNWNPeFVoVHJZZzAxcVd6QkhOUG9feXNFcEpramQyWUI0UXZPbkxjRVk3cHIxYkhWX0ZHMEduSUV4ZUswMW9KTTFYYXdGQXpGQ01yeUc3WXNjQ2NYZWluX1BoUXJpaw?oc=5) · The Business Journals
- 2017-05-16 [Sandy Spring buying WashingtonFirst, becoming ‘largest locally based’ community bank - WTOP News](https://news.google.com/rss/articles/CBMivwFBVV95cUxOS044QjZuaUdnM3dXd3Z2d2xoMzdTSjNHejcwUVg0bWt5azlpZ3ExWWRQMUl4VlM3MkxldmtXa3lCVlNIbVlJcUFWbWozTWthWDZiZ1MyTEl5WXdHWkRrTGVQUmxEb3Fud0gxQThGdi1mRng1YVVvWEtiSzF6cE5wY2tFd290Q0pHRTZQallLNUhmYWJPZGxQckViS25VdVRnM2dhUGN6ZC1UQ0RMR2piX3FNM1M0cWU1NVNPSmoyWQ?oc=5) · WTOP News
- 2016-11-14 [WashingtonFirst Bank's plan to grow to $5 billion in five years — and be the next EagleBank - The Business Journals](https://news.google.com/rss/articles/CBMirAFBVV95cUxPN0NQeXhSMDE2SjJySktLQXZJVlVwSFBNeUNRcjh5RjJUZ1E0c0hiU29oeUtiR1BPdWo4MnVEdWQxczBqMmRBUmRLQnRiX2IzN3VLb0dWeFhOb3J1azJpWnRTTmNHakhWYkpUcjRLZUZWX21OeXFnbktWcHVkc240T1BXTENLWUJtTVVpWTVOcGQtb2JvQjRkWHJtdEVGZmlmZVhIV2c0OFdsdk9N?oc=5) · The Business Journals
- 2022-07-22 [Great Falls’ Trustar Bank raises $18 million for expansion - WTOP News](https://news.google.com/rss/articles/CBMingFBVV95cUxQeW5JbnNubWhfTkI0OU1LNk9JU0JtaUo1Y3ZfVFM5ZFktOXhhV1Vlend6ajA3ZVhzMVdNd1pKUjh3eWZkMFJfc2Q4WUM5cTVsSTNNZUlnZ3JVazEyVF9iVnVHZWswS0xPajB5UjNyOWZmcXZTdmNuNGpiSk9uLVRPSGRESEZNazgyZ0ZoT2NodGdvamhCVnlOS3VwVVhtQQ?oc=5) · WTOP News

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=57696 (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/32.json (key "57696", 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