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

First Virginia Bank - Colonial in Richmond, Virginia (VA)
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First Virginia Bank - Colonial - Overview

General
FDIC Certificate #: 20450
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 161527
Date Established: June 25, 1971
WWW: http://www.firstvirginia.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 43 (Interstate: No)
FDIC's unique #: 14099
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: June 25, 1971
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: 700 East Main Street, Richmond, VA 23219
County: Richmond 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): Richmond-Petersburg, VA (#6760)
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $1,081.9 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
332Total employees (full-time equivalent)
$970,670Total assets
$32,822Cash and due from depository institutions
$53Interest-bearing balances
$330,596Securities
$2,010Federal funds sold & reverse repurchase agreements
$550,380Net loans & leases
$6,493Loan loss allowance
$0Trading account assets
$16,431Bank premises and fixed assets
$176Other real estate owned
$23,196Goodwill and other intangibles
$0Life insurance assets
$15,059All other assets
$970,670Total liabilities and capital
$883,912Total liabilities
$805,577Total deposits
$619,227Interest-bearing deposits
$805,577Deposits held in domestic offices
0.00%% insured (estimated)
$42,713Federal funds purchased & repurchase agreements
$0Trading liabilities
$28,479Other borrowed funds
$0Subordinated debt
$7,143All other liabilities
$86,758Total equity capital
$86,758Total bank equity capital
$86,758Perpetual preferred stock
$0Common stock
$32,625Surplus
$53,556Undivided profits
Memoranda
$577Noncurrent loans and leases
$102,077Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,361Earning assets
$0Long-term assets (5+ years)
$3,497Average Assets, year-to-date
$883,039Average Assets, quarterly
$466,630Volatile liabilities
$968,571Insider loans
$968,325FHLB advances
$119,982Loans and leases held for sale
$3,460Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$102,077Total unused commitments
$0Restructured Loans and leases
$6,493Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$59,268Total interest income
$14,471Total interest expense
$44,797Net interest income
$447Provision for loan and lease losses
$13,048Total noninterest income
$5Fiduciary activities
$8,696Service charges on deposit accounts
$0Trading account gains & fees
$4,347Additional noninterest income
$35,024Total noninterest expense
$12,526Salaries and employee benefits
$3,483Premises and equipment expense
$19,015Additional noninterest expense
$22,374Pre-tax net operating income
$0Securities gains (losses)
$7,706Applicable income taxes
$14,668Income before extraordinary items
$0Extraordinary gains - net
$14,668Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$657Sale, conversion, retirement of capital stock, net
$14,600Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.76%Yield on earning assets
1.65%Cost of funding earning assets
5.11%Net interest margin
1.49%Noninterest income to earning assets
4.00%Noninterest expense to earning assets
1.51%Net operating income to assets
1.51%Return on assets (ROA)
2.31%Pretax return on assets
16.19%Return on equity (ROE)
0.08%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
68.04%Credit loss provision to net charge-offs
34.74%Efficiency ratio
57,115Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
99.54%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
477.08%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.24%Net loans and leases to deposits
68.32%Net loans and leases to core deposits
72.73%Equity capital to assets
8.94%Core capital (leverage) ratio
6.77%Tier 1 risk-based capital ratio
11.15%Total risk-based capital ratio
Memoranda
$12Average assets
$968,571Average earning assets
$90,617Average equity
$876,630Average loans

Total Fiduciary and Related Assets (December 31, 2002)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$91,592Managed Assets
1Number of Accounts
$74,212Personal trust and agency accounts
$37,794Employee benefit-defined contribution accounts
$2,277Employee benefit-defined benefit accounts
$0Other retirement accounts
$4,199Corporate trust and agency accounts
$0Investment management agency accounts
$29,942Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
199Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$17,380Other retirement accounts
$1,963Corporate trust and agency accounts
$14,772Other fiduciary accounts
$645Fiduciary accounts held in foreign offices

First Virginia Bank - Colonial in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Colonial - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Total Fiduciary and Related Assets (December 31, 2002)

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

First Virginia Bank - Colonial in Richmond, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Colonial - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Total Fiduciary and Related Assets (December 31, 2002)

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

First Virginia Bank - Colonial in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches