FDIC Certificate #: 21626 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:SouthTrust Bank (#849) Federal Reserve ID: 940825 Date Established: June 10, 1974 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 14 (Interstate: No) FDIC's unique #: 14960 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: June 10, 1974 Last Structure Change Effective Date: November 30, 2001 Last Structure Change Process Date: January 30, 2002 Last Data Update: January 30, 2002 Data Source Date: April 05, 2012
Location
Address: 11500 West Broad St, Richmond, VA 23233 County: Richmond 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
Financial Summary
Total assets: $403.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
148Total employees (full-time equivalent)
$391,287Total assets
$12,337Cash and due from depository institutions
$0Interest-bearing balances
$62,777Securities
$15,583Federal funds sold & reverse repurchase agreements
$288,893Net loans & leases
$3,176Loan loss allowance
$0Trading account assets
$4,338Bank premises and fixed assets
$1,046Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$6,313All other assets
$391,287Total liabilities and capital
$355,808Total liabilities
$352,531Total deposits
$296,665Interest-bearing deposits
$352,531Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$3,277All other liabilities
$35,479Total equity capital
$35,479Total bank equity capital
$35,479Perpetual preferred stock
$0Common stock
$461Surplus
$12,881Undivided profits
Memoranda
$22,137Noncurrent loans and leases
$44,381Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,421Earning assets
$0Long-term assets (5+ years)
$2,195Average Assets, year-to-date
$367,253Average Assets, quarterly
$60,721Volatile liabilities
$381,199Insider loans
$393,614FHLB advances
$47,924Loans and leases held for sale
$366Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$44,381Total unused commitments
$0Restructured Loans and leases
$3,176Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$31,717Total interest income
$14,325Total interest expense
$17,392Net interest income
$690Provision for loan and lease losses
$2,542Total noninterest income
$0Fiduciary activities
$1,937Service charges on deposit accounts
$0Trading account gains & fees
$605Additional noninterest income
$10,483Total noninterest expense
$6,739Salaries and employee benefits
$1,316Premises and equipment expense
$2,428Additional noninterest expense
$8,761Pre-tax net operating income
$0Securities gains (losses)
$2,741Applicable income taxes
$6,020Income before extraordinary items
$0Extraordinary gains - net
$6,020Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$286Sale, conversion, retirement of capital stock, net
$3,551Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.96%Yield on earning assets
4.05%Cost of funding earning assets
4.91%Net interest margin
0.72%Noninterest income to earning assets
2.96%Noninterest expense to earning assets
1.58%Net operating income to assets
1.58%Return on assets (ROA)
2.30%Pretax return on assets
18.05%Return on equity (ROE)
7.40%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
241.26%Credit loss provision to net charge-offs
33.05%Efficiency ratio
52,589Assets per employee
2.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.99%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
223.50%Noncurrent assets plus other real estate owned to assets
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