First Virginia Bank - Planters in Bridgewater, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 25, 1994

First Virginia Bank - Planters in Bridgewater, Virginia (VA)
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First Virginia Bank - Planters - Overview

General
FDIC Certificate #: 6136
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Blue Ridge (#6134)
Federal Reserve ID: 142722
Date Established: Febuary 02, 1898
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Interstate: No)
FDIC's unique #: 4141
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: June 25, 1994
Last Structure Change Process Date: July 14, 1994
Last Data Update: July 14, 1994
Data Source Date: April 05, 2012
Location
Address: 111 North Main Street, Bridgewater, VA 22812
County: Rockingham
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
Core Based Statistical Area (CBSA): Harrisonburg, VA (#25500)
CBSA Metro Statistical Area: Harrisonburg, VA (#25500)
Financial Summary
Total assets: $120.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$66Total assets
$119,040Cash and due from depository institutions
$3,629Interest-bearing balances
$0Securities
$19,018Federal funds sold & reverse repurchase agreements
$250Net loans & leases
$92,856Loan loss allowance
$1,126Trading account assets
$0Bank premises and fixed assets
$2,069Other real estate owned
$0Goodwill and other intangibles
$1,105Life insurance assets
$113All other assets
$0Total liabilities and capital
$119,040Total liabilities
$109,851Total deposits
$108,935Interest-bearing deposits
$94,683Deposits held in domestic offices
108935.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$161Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$755Total equity capital
$755Total bank equity capital
$9,189Perpetual preferred stock
$0Common stock
$2,700Surplus
$1,600Undivided profits
Memoranda
$4,889Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$97Income earned, not collected on loans
$129Earning assets
$112,124Long-term assets (5+ years)
$26,129Average Assets, year-to-date
$116,086Average Assets, quarterly
$118,299Volatile liabilities
$4,063Insider loans
$856FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,935Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,076Total risk weighted assets
$82,216Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$9,608Total interest expense
$3,180Net interest income
$6,428Provision for loan and lease losses
$166Total noninterest income
$674Fiduciary activities
$0Service charges on deposit accounts
$417Trading account gains & fees
$0Additional noninterest income
$257Total noninterest expense
$3,670Salaries and employee benefits
$1,406Premises and equipment expense
$318Additional noninterest expense
$1,946Pre-tax net operating income
$3,266Securities gains (losses)
$0Applicable income taxes
$1,152Income before extraordinary items
$2,114Extraordinary gains - net
$0Net income attributable to bank
$2,114Net charge-offs
$10Cash dividends
$1,221Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.78%Cost of funding earning assets
2.91%Net interest margin
5.87%Noninterest income to earning assets
0.62%Noninterest expense to earning assets
3.35%Net operating income to assets
1.82%Return on assets (ROA)
1.82%Pretax return on assets
2.81%Return on equity (ROE)
24.16%Retained earnings to average equity (YTD only)
10.21%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
1660.00%Efficiency ratio
50,014Assets per employee
1.80%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.76%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
1160.82%Noncurrent assets plus other real estate owned to assets
0.08%Noncurrent loans to loans
0.10%Net loans and leases to deposits
85.24%Net loans and leases to core deposits
88.41%Equity capital to assets
7.72%Core capital (leverage) ratio
7.69%Tier 1 risk-based capital ratio
11.04%Total risk-based capital ratio
Memoranda
$12Average assets
$116,086Average earning assets
$8,751Average equity
$109,457Average loans

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