First Coastal Bank in city_name, state_name - Detailed Financial Reports, Location

First Coastal Bank in Virginia Beach, Virginia (VA)
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First Coastal Bank - Overview

General
FDIC Certificate #: 29551
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: RBC Bank (USA) (#33184)
Federal Reserve ID: 290173
Date Established: October 01, 1935
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3648
FDIC's unique #: 42385
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: November 02, 1935
Last Structure Change Effective Date: March 26, 1999
Last Structure Change Process Date: April 09, 1999
Last Data Update: April 09, 1999
Data Source Date: April 05, 2012
Location
Address: 2101 Parks Avenue, Virginia Beach, VA 23451
County: Virginia Beach City
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): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
Financial Summary
Total assets: $566.0 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, 1998)

Dollar figures in thousands
281Total employees (full-time equivalent)
$565,962Total assets
$17,565Cash and due from depository institutions
$262Interest-bearing balances
$80,746Securities
$0Federal funds sold & reverse repurchase agreements
$445,103Net loans & leases
$4,374Loan loss allowance
$0Trading account assets
$7,631Bank premises and fixed assets
$1,881Other real estate owned
$190Goodwill and other intangibles
$0Life insurance assets
$12,846All other assets
$565,962Total liabilities and capital
$520,660Total liabilities
$395,440Total deposits
$356,772Interest-bearing deposits
$395,440Deposits held in domestic offices
0.00%% insured (estimated)
$5,897Federal funds purchased & repurchase agreements
$0Trading liabilities
$114,734Other borrowed funds
$0Subordinated debt
$4,589All other liabilities
$45,302Total equity capital
$45,302Total bank equity capital
$45,302Perpetual preferred stock
$0Common stock
$0Surplus
$9,411Undivided profits
Memoranda
$35,891Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,159Earning assets
$0Long-term assets (5+ years)
$2,854Average Assets, year-to-date
$526,111Average Assets, quarterly
$0Volatile liabilities
$602,019Insider loans
$574,219FHLB advances
$212,273Loans and leases held for sale
$6,765Unused loan commitments
$114,734Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$94,005Total unused commitments
$0Restructured Loans and leases
$381,426Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$45,540Total interest income
$27,210Total interest expense
$18,330Net interest income
$500Provision for loan and lease losses
$3,801Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$3,801Additional noninterest income
$18,708Total noninterest expense
$9,552Salaries and employee benefits
$4,768Premises and equipment expense
$4,388Additional noninterest expense
$2,923Pre-tax net operating income
$2,601Securities gains (losses)
$1,951Applicable income taxes
$3,573Income before extraordinary items
$0Extraordinary gains - net
$3,573Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$400Sale, conversion, retirement of capital stock, net
$1,410Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.08%Yield on earning assets
4.83%Cost of funding earning assets
3.25%Net interest margin
0.67%Noninterest income to earning assets
3.32%Noninterest expense to earning assets
0.31%Net operating income to assets
0.59%Return on assets (ROA)
0.92%Pretax return on assets
8.04%Return on equity (ROE)
4.87%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
125.00%Credit loss provision to net charge-offs
8.56%Efficiency ratio
84,533Assets per employee
2.01%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.46%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
138.46%Noncurrent assets plus other real estate owned to assets
0.89%Noncurrent loans to loans
0.70%Net loans and leases to deposits
112.56%Net loans and leases to core deposits
146.51%Equity capital to assets
8.00%Core capital (leverage) ratio
8.03%Tier 1 risk-based capital ratio
11.92%Total risk-based capital ratio
Memoranda
$13Average assets
$602,019Average earning assets
$44,422Average equity
$563,518Average loans

First Coastal Bank in Virginia Beach, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Coastal Bank - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

First Coastal Bank in Virginia Beach, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Coastal Bank - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

Comment about this bank, ask questions, or add new information about it:

First Coastal Bank in Virginia Beach, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches