James River Bank in Waverly, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 19, 2001

James River Bank in Waverly, Virginia (VA)
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James River Bank - Overview

General
FDIC Certificate #: 9990
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Hampton Roads (#6141)
Federal Reserve ID: 926324
Date Established: June 12, 1933
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 7 (Interstate: No)
OTS Docket #: 15804
FDIC's unique #: 6384
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 19, 2001
Last Structure Change Process Date: Febuary 01, 2002
Last Data Update: Febuary 01, 2002
Data Source Date: April 05, 2012
Location
Address: 209 West Main Street, Waverly, VA 23890
County: Sussex
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): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $115.2 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, 2000)

Dollar figures in thousands
36Total employees (full-time equivalent)
$106,484Total assets
$6,280Cash and due from depository institutions
$1,758Interest-bearing balances
$25,956Securities
$2,600Federal funds sold & reverse repurchase agreements
$64,867Net loans & leases
$976Loan loss allowance
$0Trading account assets
$2,227Bank premises and fixed assets
$0Other real estate owned
$2,762Goodwill and other intangibles
$0Life insurance assets
$1,792All other assets
$106,484Total liabilities and capital
$95,803Total liabilities
$94,690Total deposits
$74,034Interest-bearing deposits
$94,690Deposits held in domestic offices
0.00%% insured (estimated)
$636Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$477All other liabilities
$10,681Total equity capital
$10,681Total bank equity capital
$10,681Perpetual preferred stock
$0Common stock
$2,500Surplus
$500Undivided profits
Memoranda
$7,681Noncurrent loans and leases
$14,886Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$515Earning assets
$0Long-term assets (5+ years)
$575Average Assets, year-to-date
$95,181Average Assets, quarterly
$21,417Volatile liabilities
$96,653Insider loans
$104,392FHLB advances
$9,386Loans and leases held for sale
$3,444Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$14,886Total unused commitments
$636Restructured Loans and leases
$915Derivatives

Income and Expense (December 31, 2000)

Dollar figures in thousands
$6,963Total interest income
$2,682Total interest expense
$4,281Net interest income
$87Provision for loan and lease losses
$759Total noninterest income
$0Fiduciary activities
$420Service charges on deposit accounts
$0Trading account gains & fees
$339Additional noninterest income
$3,381Total noninterest expense
$1,263Salaries and employee benefits
$485Premises and equipment expense
$1,633Additional noninterest expense
$1,572Pre-tax net operating income
$0Securities gains (losses)
$390Applicable income taxes
$1,182Income before extraordinary items
$0Extraordinary gains - net
$1,182Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$28Sale, conversion, retirement of capital stock, net
$689Net operating income

Performance and Condition Ratios (December 31, 2000)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.03%Yield on earning assets
3.09%Cost of funding earning assets
4.94%Net interest margin
0.88%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
1.22%Net operating income to assets
1.22%Return on assets (ROA)
1.63%Pretax return on assets
11.91%Return on equity (ROE)
4.97%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
310.71%Credit loss provision to net charge-offs
59.25%Efficiency ratio
62,758Assets per employee
2.96%Cash dividends to net income (YTD only)
Condition Ratios (%)
58.29%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
189.51%Noncurrent assets plus other real estate owned to assets
0.48%Noncurrent loans to loans
0.78%Net loans and leases to deposits
68.50%Net loans and leases to core deposits
75.48%Equity capital to assets
10.03%Core capital (leverage) ratio
7.79%Tier 1 risk-based capital ratio
10.89%Total risk-based capital ratio
Memoranda
$12Average assets
$96,653Average earning assets
$9,927Average equity
$86,686Average loans

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