First Virginia Bank - Blue Ridge in city_name, state_name - Detailed Financial Reports, Location

First Virginia Bank - Blue Ridge in Staunton, Virginia (VA)
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First Virginia Bank - Blue Ridge - Overview

General
FDIC Certificate #: 6134
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 624826
Date Established: January 01, 1890
WWW: http://www.firstvirginia.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 27 (Interstate: No)
FDIC's unique #: 4140
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: January 01, 1934
Last Structure Change Effective Date: October 10, 2003
Last Structure Change Process Date: November 04, 2003
Last Data Update: November 04, 2003
Data Source Date: April 05, 2012
Location
Address: 125 North Central Avenue, Staunton, VA 24401
County: Staunton 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
Core Based Statistical Area (CBSA): Staunton-Waynesboro, VA (#44420)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $680.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)

Dollar figures in thousands
235Total employees (full-time equivalent)
$582,367Total assets
$23,288Cash and due from depository institutions
$0Interest-bearing balances
$145,286Securities
$0Federal funds sold & reverse repurchase agreements
$399,135Net loans & leases
$4,481Loan loss allowance
$0Trading account assets
$6,575Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$8,083All other assets
$582,367Total liabilities and capital
$547,300Total liabilities
$528,962Total deposits
$413,279Interest-bearing deposits
$528,962Deposits held in domestic offices
0.00%% insured (estimated)
$5,064Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,000Other borrowed funds
$0Subordinated debt
$4,274All other liabilities
$35,067Total equity capital
$35,067Total bank equity capital
$35,067Perpetual preferred stock
$0Common stock
$10,330Surplus
$5,196Undivided profits
Memoranda
$19,541Noncurrent loans and leases
$76,645Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,389Earning assets
$0Long-term assets (5+ years)
$1,874Average Assets, year-to-date
$544,421Average Assets, quarterly
$253,094Volatile liabilities
$570,160Insider loans
$578,206FHLB advances
$39,783Loans and leases held for sale
$3,846Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$76,645Total unused commitments
$0Restructured Loans and leases
$4,481Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$36,553Total interest income
$9,003Total interest expense
$27,550Net interest income
$476Provision for loan and lease losses
$6,175Total noninterest income
$0Fiduciary activities
$3,899Service charges on deposit accounts
$0Trading account gains & fees
$2,276Additional noninterest income
$20,912Total noninterest expense
$8,161Salaries and employee benefits
$1,693Premises and equipment expense
$11,058Additional noninterest expense
$12,337Pre-tax net operating income
$0Securities gains (losses)
$4,240Applicable income taxes
$8,097Income before extraordinary items
$0Extraordinary gains - net
$8,097Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$225Sale, conversion, retirement of capital stock, net
$6,500Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.86%Yield on earning assets
1.69%Cost of funding earning assets
5.17%Net interest margin
1.16%Noninterest income to earning assets
3.93%Noninterest expense to earning assets
1.42%Net operating income to assets
1.42%Return on assets (ROA)
2.16%Pretax return on assets
22.49%Return on equity (ROE)
4.44%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
211.56%Credit loss provision to net charge-offs
56.95%Efficiency ratio
62,007Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.28%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
322.61%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.34%Net loans and leases to deposits
75.46%Net loans and leases to core deposits
79.31%Equity capital to assets
6.02%Core capital (leverage) ratio
6.05%Tier 1 risk-based capital ratio
9.18%Total risk-based capital ratio
Memoranda
$10Average assets
$570,160Average earning assets
$35,996Average equity
$532,675Average loans

First Virginia Bank - Blue Ridge in Staunton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Blue Ridge - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

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

First Virginia Bank - Blue Ridge in Staunton, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Blue Ridge - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

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

First Virginia Bank - Blue Ridge in Staunton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches