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

First Colonial Bank in Prince George, Virginia (VA)
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First Colonial Bank - Overview

General
FDIC Certificate #: 31748
Status: Inactive
Closing history: Absorption - Without Assistance
Acquiring institution: First Virginia Bank - Colonial (#20450)
Federal Reserve ID: 177078
Date Established: January 01, 1972
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 7 (Interstate: No)
OTS Docket #: 7418
FDIC's unique #: 44582
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: Febuary 18, 1975
Last Structure Change Effective Date: October 15, 2001
Last Structure Change Process Date: Febuary 01, 2002
Last Data Update: Febuary 01, 2002
Data Source Date: April 05, 2012
Location
Address: 5100 Oaklawn Boulevard, Prince George, VA 23875
County: Prince George
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: $183.8 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
57Total employees (full-time equivalent)
$163,440Total assets
$3,448Cash and due from depository institutions
$0Interest-bearing balances
$34,186Securities
$0Federal funds sold & reverse repurchase agreements
$121,962Net loans & leases
$1,628Loan loss allowance
$0Trading account assets
$1,601Bank premises and fixed assets
$51Other real estate owned
$93Goodwill and other intangibles
$0Life insurance assets
$2,099All other assets
$163,440Total liabilities and capital
$148,985Total liabilities
$135,221Total deposits
$123,310Interest-bearing deposits
$135,221Deposits held in domestic offices
0.00%% insured (estimated)
$3,975Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$789All other liabilities
$14,455Total equity capital
$14,455Total bank equity capital
$14,455Perpetual preferred stock
$0Common stock
$2,000Surplus
$500Undivided profits
Memoranda
$11,955Noncurrent loans and leases
$11,729Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$248Earning assets
$0Long-term assets (5+ years)
$855Average Assets, year-to-date
$156,148Average Assets, quarterly
$60,418Volatile liabilities
$160,426Insider loans
$162,149FHLB advances
$33,014Loans and leases held for sale
$1,829Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,729Total unused commitments
$0Restructured Loans and leases
$1,388Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$12,615Total interest income
$6,513Total interest expense
$6,102Net interest income
$120Provision for loan and lease losses
$1,075Total noninterest income
$0Fiduciary activities
$760Service charges on deposit accounts
$0Trading account gains & fees
$315Additional noninterest income
$4,247Total noninterest expense
$1,881Salaries and employee benefits
$367Premises and equipment expense
$1,999Additional noninterest expense
$2,810Pre-tax net operating income
$0Securities gains (losses)
$910Applicable income taxes
$1,900Income before extraordinary items
$0Extraordinary gains - net
$1,900Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$924Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.23%Yield on earning assets
4.25%Cost of funding earning assets
3.98%Net interest margin
0.70%Noninterest income to earning assets
2.77%Noninterest expense to earning assets
1.18%Net operating income to assets
1.18%Return on assets (ROA)
1.75%Pretax return on assets
14.33%Return on equity (ROE)
7.36%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
342.86%Credit loss provision to net charge-offs
83.71%Efficiency ratio
59,175Assets per employee
2.87%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.63%Loss allowance to loans
1.32%Loss allowance to noncurrent loans
656.45%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.20%Net loans and leases to deposits
90.19%Net loans and leases to core deposits
105.89%Equity capital to assets
8.84%Core capital (leverage) ratio
9.05%Tier 1 risk-based capital ratio
13.21%Total risk-based capital ratio
Memoranda
$14Average assets
$160,426Average earning assets
$13,261Average equity
$153,245Average loans

First Colonial Bank in Prince George, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Colonial Bank - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

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

First Colonial Bank in Prince George, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Colonial Bank - Overview

Assets and Liabilities (December 31, 2000)

Income and Expense (December 31, 2000)

Performance and Condition Ratios (December 31, 2000)

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

First Colonial Bank in Prince George, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches