First Virginia Bank-Central in Albemarle County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 1996

First Virginia Bank-Central in Albemarle County, Virginia (VA)
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First Virginia Bank-Central - Overview

General
FDIC Certificate #: 19232
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Blue Ridge (#6134)
Federal Reserve ID: 970729
Date Established: September 11, 1964
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 9 (Interstate: No)
FDIC's unique #: 13048
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: September 11, 1964
Last Structure Change Effective Date: June 17, 1996
Last Structure Change Process Date: July 24, 1996
Last Data Update: July 24, 1996
Data Source Date: April 05, 2012
Location
Address: 120 Seminole Court, Albemarle County, VA 22906
County: Albemarle
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): Charlottesville, VA (#1540)
Core Based Statistical Area (CBSA): Charlottesville, VA (#16820)
CBSA Metro Statistical Area: Charlottesville, VA (#16820)
Financial Summary
Total assets: $114.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$51Total assets
$112,702Cash and due from depository institutions
$4,935Interest-bearing balances
$0Securities
$34,032Federal funds sold & reverse repurchase agreements
$1,270Net loans & leases
$67,961Loan loss allowance
$702Trading account assets
$0Bank premises and fixed assets
$3,295Other real estate owned
$30Goodwill and other intangibles
$1,179Life insurance assets
$0All other assets
$0Total liabilities and capital
$112,702Total liabilities
$104,860Total deposits
$103,536Interest-bearing deposits
$85,580Deposits held in domestic offices
103536.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$460Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$864Total equity capital
$864Total bank equity capital
$7,842Perpetual preferred stock
$0Common stock
$3,600Surplus
$1,000Undivided profits
Memoranda
$3,242Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$42Income earned, not collected on loans
$115Earning assets
$103,263Long-term assets (5+ years)
$23,781Average Assets, year-to-date
$108,920Average Assets, quarterly
$113,100Volatile liabilities
$5,067Insider loans
$2,493FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$11,999Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,842Total risk weighted assets
$62,560Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$7,447Total interest expense
$2,973Net interest income
$4,474Provision for loan and lease losses
-$26Total noninterest income
$1,118Fiduciary activities
$0Service charges on deposit accounts
$787Trading account gains & fees
$0Additional noninterest income
$331Total noninterest expense
$3,681Salaries and employee benefits
$1,414Premises and equipment expense
$405Additional noninterest expense
$1,862Pre-tax net operating income
$1,937Securities gains (losses)
$0Applicable income taxes
$620Income before extraordinary items
$1,317Extraordinary gains - net
$0Net income attributable to bank
$1,317Net charge-offs
$1Cash dividends
$757Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.51%Cost of funding earning assets
3.00%Net interest margin
4.51%Noninterest income to earning assets
1.13%Noninterest expense to earning assets
3.71%Net operating income to assets
1.21%Return on assets (ROA)
1.21%Pretax return on assets
1.78%Return on equity (ROE)
17.67%Retained earnings to average equity (YTD only)
7.51%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-2600.00%Efficiency ratio
65,826Assets per employee
2.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.48%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
1671.43%Noncurrent assets plus other real estate owned to assets
0.06%Noncurrent loans to loans
0.06%Net loans and leases to deposits
65.64%Net loans and leases to core deposits
68.70%Equity capital to assets
6.96%Core capital (leverage) ratio
7.05%Tier 1 risk-based capital ratio
12.54%Total risk-based capital ratio
Memoranda
$14Average assets
$108,920Average earning assets
$7,455Average equity
$99,151Average loans

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