FDIC Certificate #: 58773 Status: Active Federal Reserve ID: 3688678 Date Established: Febuary 17, 2009 WWW:http://www.1cbv.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 18086 FDIC's unique #: 467605 Numeric code: 33 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: Febuary 17, 2009 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 2500 Wilson Boulevard Suite 100, Arlington, VA 22201 County: Arlington Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Atlanta FDIC Field Office: Richmond Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Southeast Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840) Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97) Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548) Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $51.3 mil Equity capital: $4.0 mil Deposits held in domestic offices: $43.1 mil Return on assets (ROA): -3.27% (-$1.7 mil) Quarterly return on assets: -2.02% (-$1.0 mil) Return on Equity (ROE): -33.96% (-$1.4 mil) Quarterly return on equity: -24.95% (-$1.0 mil) Net income: -$1.7 mil Quarterly Net income: -$0.3 mil Pretax return on assets: -3.27% (-$1,678.2 mil) Quarterly Pretax return on assets: -2.02% (-$1,036.7 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
34Total employees (full-time equivalent)
$51,322Total assets
$2,659Cash and due from depository institutions
$72Interest-bearing balances
$0Securities
$11Federal funds sold & reverse repurchase agreements
$47,087Net loans & leases
$364Loan loss allowance
$0Trading account assets
$556Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$51,322Life insurance assets
$1,009All other assets
$47,291Total liabilities and capital
$43,102Total liabilities
$39,570Total deposits
$43,102Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,000Trading liabilities
$0Other borrowed funds
$189Subordinated debt
$4,031All other liabilities
$4,031Total equity capital
$4,031Total bank equity capital
$0Perpetual preferred stock
$12Common stock
$12,293Surplus
$-8,274Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$123Long-term assets (5+ years)
$47,170Average Assets, year-to-date
$0Average Assets, quarterly
$50,944Volatile liabilities
$51,390Insider loans
$31,562FHLB advances
$51,322Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,031Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,175Restructured Loans and leases
$2,133Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,885Total interest income
$610Total interest expense
$1,275Net interest income
$100Provision for loan and lease losses
$1,212Total noninterest income
$0Fiduciary activities
$12Service charges on deposit accounts
$0Trading account gains & fees
$1,200Additional noninterest income
$4,053Total noninterest expense
$2,378Salaries and employee benefits
$902Premises and equipment expense
$773Additional noninterest expense
-$1,666Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$1,666Income before extraordinary items
$0Extraordinary gains - net
-$1,666Net income attributable to bank
$0Net charge-offs
-$1,666Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.12%Yield on earning assets
1.33%Cost of funding earning assets
2.79%Net interest margin
2.65%Noninterest income to earning assets
8.87%Noninterest expense to earning assets
-3.27%Net operating income to assets
-3.27%Return on assets (ROA)
-3.27%Pretax return on assets
-33.96%Return on equity (ROE)
-33.96%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
162,967Assets per employee
1.51%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.77%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
109.25%Net loans and leases to core deposits
113.18%Equity capital to assets
7.85%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
12.77%Total risk-based capital ratio
Memoranda
$14Average assets
$50,944Average earning assets
$4,905Average equity
$45,714Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
467605
1st Commonwealth Bank Of Virginia
2500 Wilson Boulevard Suite 100, Arlington, VA 22201
Febuary 17, 2009
Full Service Brick and Mortar
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with 1st Commonwealth Bank of Virginia.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: