First Virginia Bank - Southside in Farmville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 18, 1995

First Virginia Bank - Southside in Farmville, Virginia (VA)
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First Virginia Bank - Southside - Overview

General
FDIC Certificate #: 6841
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Colonial (#20450)
Federal Reserve ID: 346128
Date Established: January 01, 1900
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 9 (Interstate: No)
FDIC's unique #: 4601
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, 1995
Last Structure Change Process Date: December 18, 1995
Last Data Update: December 18, 1995
Data Source Date: April 05, 2012
Location
Address: 200 Main Street, Farmville, VA 23901
County: Prince Edward
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: $119.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$64Total assets
$123,652Cash and due from depository institutions
$3,910Interest-bearing balances
$0Securities
$22,481Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$94,159Loan loss allowance
$1,043Trading account assets
$0Bank premises and fixed assets
$1,155Other real estate owned
$0Goodwill and other intangibles
$1,947Life insurance assets
$0All other assets
$0Total liabilities and capital
$123,652Total liabilities
$112,094Total deposits
$103,816Interest-bearing deposits
$85,732Deposits held in domestic offices
103816.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$7,595Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$683Total equity capital
$683Total bank equity capital
$11,558Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,000Undivided profits
Memoranda
$7,558Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$289Income earned, not collected on loans
$353Earning assets
$116,640Long-term assets (5+ years)
$33,948Average Assets, year-to-date
$123,789Average Assets, quarterly
$125,010Volatile liabilities
$11,767Insider loans
$859FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$9,705Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,558Total risk weighted assets
$80,380Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$9,441Total interest expense
$3,022Net interest income
$6,419Provision for loan and lease losses
$134Total noninterest income
$1,116Fiduciary activities
$219Service charges on deposit accounts
$682Trading account gains & fees
$0Additional noninterest income
$215Total noninterest expense
$4,066Salaries and employee benefits
$1,657Premises and equipment expense
$268Additional noninterest expense
$2,141Pre-tax net operating income
$3,335Securities gains (losses)
$5Applicable income taxes
$1,097Income before extraordinary items
$2,243Extraordinary gains - net
$0Net income attributable to bank
$2,243Net charge-offs
$69Cash dividends
$2,290Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.11%Cost of funding earning assets
2.59%Net interest margin
5.51%Noninterest income to earning assets
0.96%Noninterest expense to earning assets
3.49%Net operating income to assets
1.81%Return on assets (ROA)
1.81%Pretax return on assets
2.70%Return on equity (ROE)
19.34%Retained earnings to average equity (YTD only)
-0.41%Net charge-offs to loans
0.08%Credit loss provision to net charge-offs
194.20%Efficiency ratio
53,962Assets per employee
1.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
102.10%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
360.90%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.30%Net loans and leases to deposits
90.70%Net loans and leases to core deposits
94.50%Equity capital to assets
9.35%Core capital (leverage) ratio
9.33%Tier 1 risk-based capital ratio
14.38%Total risk-based capital ratio
Memoranda
$16Average assets
$123,789Average earning assets
$11,600Average equity
$116,471Average loans

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