First Virginia Bank-South Hill in South Hill, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 18, 1996

First Virginia Bank-South Hill in South Hill, Virginia (VA)
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First Virginia Bank-South Hill - Overview

General
FDIC Certificate #: 835
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Colonial (#20450)
Federal Reserve ID: 33521
Date Established: January 04, 1909
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 522
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: November 18, 1996
Last Structure Change Process Date: December 10, 1996
Last Data Update: December 10, 1996
Data Source Date: April 05, 2012
Location
Address: 111 East Danville Street, South Hill, VA 23970
County: Mecklenburg
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
Financial Summary
Total assets: $74.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$73,642Cash and due from depository institutions
$2,046Interest-bearing balances
$0Securities
$10,508Federal funds sold & reverse repurchase agreements
$1,980Net loans & leases
$57,300Loan loss allowance
$719Trading account assets
$0Bank premises and fixed assets
$885Other real estate owned
$0Goodwill and other intangibles
$923Life insurance assets
$0All other assets
$0Total liabilities and capital
$73,642Total liabilities
$68,167Total deposits
$66,408Interest-bearing deposits
$55,654Deposits held in domestic offices
66408.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$1,246Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$513Total equity capital
$513Total bank equity capital
$5,475Perpetual preferred stock
$0Common stock
$1,500Surplus
$1,000Undivided profits
Memoranda
$2,975Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$114Income earned, not collected on loans
$205Earning assets
$69,788Long-term assets (5+ years)
$14,996Average Assets, year-to-date
$71,380Average Assets, quarterly
$75,092Volatile liabilities
$10,887Insider loans
$1,504FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$4,559Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,475Total risk weighted assets
$51,572Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,522Total interest expense
$2,316Net interest income
$3,206Provision for loan and lease losses
$130Total noninterest income
$394Fiduciary activities
$0Service charges on deposit accounts
$274Trading account gains & fees
$0Additional noninterest income
$120Total noninterest expense
$2,089Salaries and employee benefits
$713Premises and equipment expense
$172Additional noninterest expense
$1,204Pre-tax net operating income
$1,381Securities gains (losses)
$0Applicable income taxes
$457Income before extraordinary items
$924Extraordinary gains - net
$0Net income attributable to bank
$924Net charge-offs
$44Cash dividends
$585Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.23%Cost of funding earning assets
3.45%Net interest margin
4.78%Noninterest income to earning assets
0.59%Noninterest expense to earning assets
3.12%Net operating income to assets
1.29%Return on assets (ROA)
1.29%Pretax return on assets
1.93%Return on equity (ROE)
17.66%Retained earnings to average equity (YTD only)
6.48%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
295.45%Efficiency ratio
58,028Assets per employee
3.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.31%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
630.70%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.20%Net loans and leases to deposits
86.28%Net loans and leases to core deposits
100.94%Equity capital to assets
7.43%Core capital (leverage) ratio
7.26%Tier 1 risk-based capital ratio
10.62%Total risk-based capital ratio
Memoranda
$12Average assets
$71,380Average earning assets
$5,233Average equity
$67,060Average loans

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