First Virginia Bank - Commonwealth in city_name, state_name

First Virginia Bank - Commonwealth in Grafton, Virginia (VA)
Show street view No street view available for this location

First Virginia Bank - Commonwealth - Overview

General
FDIC Certificate #: 24860
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Hampton Roads (#6141)
Federal Reserve ID: 1466050
Date Established: December 31, 1983
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 19 (Interstate: No)
FDIC's unique #: 17237
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: December 31, 1983
Last Structure Change Effective Date: July 14, 1999
Last Structure Change Process Date: August 11, 1999
Last Data Update: August 11, 1999
Data Source Date: April 05, 2012
Location
Address: 1782 George Washington Memorial Highway, Grafton, VA 23692
County: York
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: $245.8 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, 1998)

Dollar figures in thousands
131Total employees (full-time equivalent)
$249,156Total assets
$10,457Cash and due from depository institutions
$0Interest-bearing balances
$89,800Securities
$5,450Federal funds sold & reverse repurchase agreements
$134,973Net loans & leases
$1,508Loan loss allowance
$0Trading account assets
$6,026Bank premises and fixed assets
$77Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,373All other assets
$249,156Total liabilities and capital
$232,903Total liabilities
$220,901Total deposits
$174,923Interest-bearing deposits
$220,901Deposits held in domestic offices
0.00%% insured (estimated)
$10,030Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,972All other liabilities
$16,253Total equity capital
$16,253Total bank equity capital
$16,253Perpetual preferred stock
$0Common stock
$5,000Surplus
$5,000Undivided profits
Memoranda
$6,253Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$285Earning assets
$0Long-term assets (5+ years)
$409Average Assets, year-to-date
$230,223Average Assets, quarterly
$64,894Volatile liabilities
$242,154Insider loans
$242,904FHLB advances
$23,821Loans and leases held for sale
$5,821Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$33,402Total unused commitments
$0Restructured Loans and leases
$135,062Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$16,863Total interest income
$6,280Total interest expense
$10,583Net interest income
$128Provision for loan and lease losses
$3,399Total noninterest income
$0Fiduciary activities
$1,723Service charges on deposit accounts
$0Trading account gains & fees
$1,676Additional noninterest income
$9,842Total noninterest expense
$4,008Salaries and employee benefits
$1,307Premises and equipment expense
$4,527Additional noninterest expense
$4,012Pre-tax net operating income
$3Securities gains (losses)
$1,374Applicable income taxes
$2,641Income before extraordinary items
$0Extraordinary gains - net
$2,641Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$125Sale, conversion, retirement of capital stock, net
$2,975Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.64%Yield on earning assets
2.84%Cost of funding earning assets
4.79%Net interest margin
1.54%Noninterest income to earning assets
4.46%Noninterest expense to earning assets
1.09%Net operating income to assets
1.09%Return on assets (ROA)
1.66%Pretax return on assets
15.82%Return on equity (ROE)
-2.00%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
102.40%Credit loss provision to net charge-offs
33.12%Efficiency ratio
70,391Assets per employee
1.90%Cash dividends to net income (YTD only)
Condition Ratios (%)
112.65%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
529.12%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.21%Net loans and leases to deposits
61.10%Net loans and leases to core deposits
65.17%Equity capital to assets
6.52%Core capital (leverage) ratio
6.65%Tier 1 risk-based capital ratio
12.03%Total risk-based capital ratio
Memoranda
$13Average assets
$242,154Average earning assets
$16,699Average equity
$220,807Average loans

First Virginia Bank - Commonwealth in Grafton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Commonwealth - 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 Virginia Bank - Commonwealth in Grafton, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Commonwealth - 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 Virginia Bank - Commonwealth in Grafton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches