First Virginia Bank - Hampton Roads in city_name, state_name

First Virginia Bank - Hampton Roads in Norfolk, Virginia (VA)
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First Virginia Bank - Hampton Roads - Overview

General
FDIC Certificate #: 6141
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 832920
Date Established: September 12, 1932
WWW: http://www.firstvirginia.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 51 (Interstate: No)
FDIC's unique #: 4144
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: January 01, 1934
Last Structure Change Effective Date: October 10, 2003
Last Structure Change Process Date: November 21, 2003
Last Data Update: November 21, 2003
Data Source Date: April 05, 2012
Location
Address: 555 Main Street, Norfolk, VA 23510
County: Norfolk 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): 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: $1,269.0 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
421Total employees (full-time equivalent)
$1,154,897Total assets
$41,387Cash and due from depository institutions
$53Interest-bearing balances
$379,135Securities
$0Federal funds sold & reverse repurchase agreements
$668,563Net loans & leases
$7,505Loan loss allowance
$0Trading account assets
$19,554Bank premises and fixed assets
$23Other real estate owned
$31,908Goodwill and other intangibles
$0Life insurance assets
$14,327All other assets
$1,154,897Total liabilities and capital
$1,055,230Total liabilities
$976,396Total deposits
$763,185Interest-bearing deposits
$976,396Deposits held in domestic offices
0.00%% insured (estimated)
$41,244Federal funds purchased & repurchase agreements
$0Trading liabilities
$30,400Other borrowed funds
$0Subordinated debt
$7,190All other liabilities
$99,667Total equity capital
$99,667Total bank equity capital
$99,667Perpetual preferred stock
$0Common stock
$21,550Surplus
$65,104Undivided profits
Memoranda
$13,013Noncurrent loans and leases
$153,838Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,466Earning assets
$21Long-term assets (5+ years)
$4,202Average Assets, year-to-date
$1,047,751Average Assets, quarterly
$473,650Volatile liabilities
$1,150,539Insider loans
$1,156,492FHLB advances
$103,112Loans and leases held for sale
$11,520Unused loan commitments
$8,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$153,838Total unused commitments
$0Restructured Loans and leases
$7,505Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$68,376Total interest income
$15,865Total interest expense
$52,511Net interest income
$343Provision for loan and lease losses
$17,336Total noninterest income
$19Fiduciary activities
$10,409Service charges on deposit accounts
$0Trading account gains & fees
$6,908Additional noninterest income
$43,097Total noninterest expense
$15,700Salaries and employee benefits
$5,106Premises and equipment expense
$22,291Additional noninterest expense
$26,407Pre-tax net operating income
$0Securities gains (losses)
$8,847Applicable income taxes
$17,560Income before extraordinary items
$0Extraordinary gains - net
$17,560Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$696Sale, conversion, retirement of capital stock, net
$17,000Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.59%Yield on earning assets
1.53%Cost of funding earning assets
5.06%Net interest margin
1.67%Noninterest income to earning assets
4.15%Noninterest expense to earning assets
1.53%Net operating income to assets
1.53%Return on assets (ROA)
2.30%Pretax return on assets
16.91%Return on equity (ROE)
0.54%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
49.28%Credit loss provision to net charge-offs
38.43%Efficiency ratio
60,572Assets per employee
2.74%Cash dividends to net income (YTD only)
Condition Ratios (%)
96.81%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
511.94%Noncurrent assets plus other real estate owned to assets
0.13%Noncurrent loans to loans
0.22%Net loans and leases to deposits
68.47%Net loans and leases to core deposits
71.36%Equity capital to assets
8.63%Core capital (leverage) ratio
6.09%Tier 1 risk-based capital ratio
9.59%Total risk-based capital ratio
Memoranda
$11Average assets
$1,150,539Average earning assets
$103,829Average equity
$1,038,161Average 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
$41,137Managed Assets
1Number of Accounts
$39,902Personal trust and agency accounts
$26,134Employee benefit-defined contribution accounts
$1,335Employee benefit-defined benefit accounts
$0Other retirement accounts
$3,102Corporate trust and agency accounts
$0Investment management agency accounts
$9,331Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
154Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$1,235Other retirement accounts
$1,235Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

First Virginia Bank - Hampton Roads in Norfolk, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Hampton Roads - 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 - Hampton Roads in Norfolk, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - Hampton Roads - 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 - Hampton Roads in Norfolk, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches