Harbor Bank in Newport News, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 2004

  • Harbor Bank in Newport News, Virginia (VA)
  • Show street view No street view available for this location

Harbor Bank - Overview

  • General
  • FDIC Certificate #: 34203
    Status: Inactive
    Acquiring institution: Towne Bank (#35095)
    Federal Reserve ID: 2480736
    Date Established: July 08, 1996
    WWW: http://www.harborbankva.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    FDIC's unique #: 56861
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 08, 1996
    Last Structure Change Effective Date: March 20, 2004
    Last Structure Change Process Date: April 12, 2004
    Last Data Update: April 12, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 Old Oyster Point Road, Newport News, VA 23602
    County: Newport News 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)
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $306.0 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, 2003)

  • Dollar figures in thousands
  • 81Total employees (full-time equivalent)
  • $305,979Total assets
  • $9,900Cash and due from depository institutions
  • $100Interest-bearing balances
  • $31,977Securities
  • $17,022Federal funds sold & reverse repurchase agreements
  • $232,772Net loans & leases
  • $2,845Loan loss allowance
  • $0Trading account assets
  • $5,721Bank premises and fixed assets
  • $0Other real estate owned
  • $1,270Goodwill and other intangibles
  • $0Life insurance assets
  • $7,317All other assets
  • $305,979Total liabilities and capital
  • $283,234Total liabilities
  • $249,628Total deposits
  • $196,929Interest-bearing deposits
  • $249,628Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $12,493Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $16,000Other borrowed funds
  • $4,218Subordinated debt
  • $895All other liabilities
  • $22,745Total equity capital
  • $22,745Total bank equity capital
  • $22,745Perpetual preferred stock
  • $0Common stock
  • $7,133Surplus
  • $10,513Undivided profits
  • Memoranda
  • $5,099Noncurrent loans and leases
  • $80,369Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $287Earning assets
  • $18Long-term assets (5+ years)
  • $1,269Average Assets, year-to-date
  • $281,871Average Assets, quarterly
  • $48,798Volatile liabilities
  • $268,170Insider loans
  • $288,962FHLB advances
  • $55,597Loans and leases held for sale
  • $9,283Unused loan commitments
  • $16,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,890Total risk weighted assets
  • $80,369Total unused commitments
  • $0Restructured Loans and leases
  • $7,063Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $14,709Total interest income
  • $5,429Total interest expense
  • $9,280Net interest income
  • $1,062Provision for loan and lease losses
  • $1,794Total noninterest income
  • $0Fiduciary activities
  • $638Service charges on deposit accounts
  • $23Trading account gains & fees
  • $1,133Additional noninterest income
  • $8,577Total noninterest expense
  • $5,191Salaries and employee benefits
  • $859Premises and equipment expense
  • $2,527Additional noninterest expense
  • $1,435Pre-tax net operating income
  • $107Securities gains (losses)
  • $341Applicable income taxes
  • $1,201Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,201Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $473Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.98%Yield on earning assets
  • 2.21%Cost of funding earning assets
  • 3.77%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.45%Return on assets (ROA)
  • 0.58%Pretax return on assets
  • 5.36%Return on equity (ROE)
  • 5.36%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 224.52%Credit loss provision to net charge-offs
  • 5.28%Efficiency ratio
  • 76,476Assets per employee
  • 3.78%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.21%Loss allowance to noncurrent loans
  • 991.29%Noncurrent assets plus other real estate owned to assets
  • 0.09%Noncurrent loans to loans
  • 0.12%Net loans and leases to deposits
  • 93.25%Net loans and leases to core deposits
  • 112.71%Equity capital to assets
  • 7.43%Core capital (leverage) ratio
  • 7.23%Tier 1 risk-based capital ratio
  • 7.50%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $268,170Average earning assets
  • $22,413Average equity
  • $246,032Average loans

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