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

First Virginia Bank-Maryland in Upper Marlboro, Maryland (MD)
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First Virginia Bank-Maryland - Overview

General
FDIC Certificate #: 19643
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers Bank of Maryland (#4821)
Federal Reserve ID: 153924
Date Established: October 27, 1966
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 14 (Interstate: No)
FDIC's unique #: 13442
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: October 27, 1966
Last Structure Change Effective Date: May 15, 1999
Last Structure Change Process Date: June 23, 1999
Last Data Update: June 23, 1999
Data Source Date: April 05, 2012
Location
Address: 9420 Pennsylvania Avenue, Upper Marlboro, MD 20772
County: Prince George's
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Atlanta
FDIC Field Office: Baltimore
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
Financial Summary
Total assets: $290.5 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
97Total employees (full-time equivalent)
$290,045Total assets
$15,202Cash and due from depository institutions
$0Interest-bearing balances
$58,503Securities
$14,450Federal funds sold & reverse repurchase agreements
$196,078Net loans & leases
$2,321Loan loss allowance
$0Trading account assets
$2,653Bank premises and fixed assets
$83Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,076All other assets
$290,045Total liabilities and capital
$269,924Total liabilities
$236,705Total deposits
$193,591Interest-bearing deposits
$236,705Deposits held in domestic offices
0.00%% insured (estimated)
$30,589Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,630All other liabilities
$20,121Total equity capital
$20,121Total bank equity capital
$20,121Perpetual preferred stock
$0Common stock
$4,600Surplus
$4,600Undivided profits
Memoranda
$10,921Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$334Earning assets
$0Long-term assets (5+ years)
$557Average Assets, year-to-date
$269,031Average Assets, quarterly
$38,729Volatile liabilities
$292,737Insider loans
$283,208FHLB advances
$47,980Loans and leases held for sale
$2,103Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$32,628Total unused commitments
$0Restructured Loans and leases
$217,401Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$19,824Total interest income
$6,830Total interest expense
$12,994Net interest income
$560Provision for loan and lease losses
$4,121Total noninterest income
$2Fiduciary activities
$1,835Service charges on deposit accounts
$0Trading account gains & fees
$2,284Additional noninterest income
$10,299Total noninterest expense
$3,502Salaries and employee benefits
$1,469Premises and equipment expense
$5,328Additional noninterest expense
$6,256Pre-tax net operating income
$0Securities gains (losses)
$2,283Applicable income taxes
$3,973Income before extraordinary items
$0Extraordinary gains - net
$3,973Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$582Sale, conversion, retirement of capital stock, net
$4,324Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.36%Yield on earning assets
2.54%Cost of funding earning assets
4.82%Net interest margin
1.53%Noninterest income to earning assets
3.82%Noninterest expense to earning assets
1.36%Net operating income to assets
1.36%Return on assets (ROA)
2.14%Pretax return on assets
19.42%Return on equity (ROE)
-1.72%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
96.22%Credit loss provision to net charge-offs
11.71%Efficiency ratio
60,175Assets per employee
2.99%Cash dividends to net income (YTD only)
Condition Ratios (%)
108.83%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
694.91%Noncurrent assets plus other real estate owned to assets
0.14%Noncurrent loans to loans
0.17%Net loans and leases to deposits
82.84%Net loans and leases to core deposits
89.41%Equity capital to assets
6.94%Core capital (leverage) ratio
7.15%Tier 1 risk-based capital ratio
9.26%Total risk-based capital ratio
Memoranda
$10Average assets
$292,737Average earning assets
$20,462Average equity
$269,322Average loans

First Virginia Bank-Maryland in Upper Marlboro, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank-Maryland - 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-Maryland in Upper Marlboro, Maryland (MD)Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank-Maryland - 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-Maryland in Upper Marlboro, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches