Central Fidelity Bank, National Association - Overview
General
FDIC Certificate #: 26664 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Central Fidelity National Bank (#19887) Federal Reserve ID: 396020 Date Established: May 01, 1986 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 35403 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 01, 1986 Last Structure Change Effective Date: September 18, 1995 Last Structure Change Process Date: October 02, 1995 Last Data Update: October 02, 1995 Data Source Date: April 05, 2012
Location
Address: 8000 Franklin Farms Drive, Henrico County, VA 23229 County: Henrico 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): Richmond-Petersburg, VA (#6760) Core Based Statistical Area (CBSA): Richmond, VA (#40060) CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $14.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1994)
Dollar figures in thousands
0Total employees (full-time equivalent)
$3Total assets
$13,377Cash and due from depository institutions
$122Interest-bearing balances
$0Securities
$3,945Federal funds sold & reverse repurchase agreements
$2,670Net loans & leases
$6,448Loan loss allowance
$300Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$192Life insurance assets
$0All other assets
$0Total liabilities and capital
$13,377Total liabilities
$497Total deposits
$0Interest-bearing deposits
$0Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$497Total equity capital
$497Total bank equity capital
$12,880Perpetual preferred stock
$0Common stock
$2,100Surplus
$7,280Undivided profits
Memoranda
$3,500Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$39Income earned, not collected on loans
$44Earning assets
$13,063Long-term assets (5+ years)
$1,554Average Assets, year-to-date
$12,975Average Assets, quarterly
$13,257Volatile liabilities
$0Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$22,280Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,849Total risk weighted assets
$8,309Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 1994)
Dollar figures in thousands
$0Total interest income
$1,234Total interest expense
$0Net interest income
$1,234Provision for loan and lease losses
$97Total noninterest income
$467Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$467Total noninterest expense
$539Salaries and employee benefits
$100Premises and equipment expense
$0Additional noninterest expense
$439Pre-tax net operating income
$1,065Securities gains (losses)
$0Applicable income taxes
$283Income before extraordinary items
$782Extraordinary gains - net
$0Net income attributable to bank
$782Net charge-offs
$97Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1994)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.76%Cost of funding earning assets
0.00%Net interest margin
9.76%Noninterest income to earning assets
3.69%Noninterest expense to earning assets
4.26%Net operating income to assets
6.03%Return on assets (ROA)
6.03%Pretax return on assets
8.21%Return on equity (ROE)
6.23%Retained earnings to average equity (YTD only)
6.23%Net charge-offs to loans
1.42%Credit loss provision to net charge-offs
100.00%Efficiency ratio
31,687Assets per employee
4.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
4.45%Loss allowance to noncurrent loans
769.23%Noncurrent assets plus other real estate owned to assets
0.29%Noncurrent loans to loans
0.58%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
96.28%Core capital (leverage) ratio
97.45%Tier 1 risk-based capital ratio
154.64%Total risk-based capital ratio
Memoranda
$156Average assets
$12,975Average earning assets
$12,551Average equity
$12,639Average loans
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