Jefferson National Bank in Charlottesville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 1998

  • Jefferson National Bank in Charlottesville, Virginia (VA)
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Jefferson National Bank - Overview

  • General
  • FDIC Certificate #: 6871
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wachovia Bank, National Association (#817)
    Federal Reserve ID: 45122
    Date Established: January 01, 1903
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 87 (Interstate: No)
    OTS Docket #: 13057
    FDIC's unique #: 4617
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 20, 1998
    Last Structure Change Process Date: April 09, 1998
    Last Data Update: April 09, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 123 East Main Street, Charlottesville, VA 22902
    County: Charlottesville 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): Charlottesville, VA (#1540)
    Core Based Statistical Area (CBSA): Charlottesville, VA (#16820)
    CBSA Metro Statistical Area: Charlottesville, VA (#16820)
  • Financial Summary
  • Total assets: $2,128.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 1,138Total employees (full-time equivalent)
  • $2,127,981Total assets
  • $87,569Cash and due from depository institutions
  • $0Interest-bearing balances
  • $467,527Securities
  • $97,000Federal funds sold & reverse repurchase agreements
  • $1,377,492Net loans & leases
  • $17,020Loan loss allowance
  • $0Trading account assets
  • $54,640Bank premises and fixed assets
  • $1,059Other real estate owned
  • $5,695Goodwill and other intangibles
  • $0Life insurance assets
  • $36,999All other assets
  • $2,127,981Total liabilities and capital
  • $1,932,263Total liabilities
  • $1,825,105Total deposits
  • $1,499,814Interest-bearing deposits
  • $1,825,105Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $74,898Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $474Other borrowed funds
  • $0Subordinated debt
  • $31,786All other liabilities
  • $195,718Total equity capital
  • $195,718Total bank equity capital
  • $195,718Perpetual preferred stock
  • $0Common stock
  • $20,000Surplus
  • $170,323Undivided profits
  • Memoranda
  • $5,395Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,180Earning assets
  • $249Long-term assets (5+ years)
  • $7,755Average Assets, year-to-date
  • $1,942,019Average Assets, quarterly
  • $143,604Volatile liabilities
  • $2,146,358Insider loans
  • $2,143,880FHLB advances
  • $200,012Loans and leases held for sale
  • $4,780Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,814Total risk weighted assets
  • $258,672Total unused commitments
  • $0Restructured Loans and leases
  • $1,546,710Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $26,558Total interest income
  • $10,146Total interest expense
  • $16,412Net interest income
  • $764Provision for loan and lease losses
  • $4,819Total noninterest income
  • $839Fiduciary activities
  • $1,573Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,407Additional noninterest income
  • $11,843Total noninterest expense
  • $5,529Salaries and employee benefits
  • $1,644Premises and equipment expense
  • $4,670Additional noninterest expense
  • $8,624Pre-tax net operating income
  • $0Securities gains (losses)
  • $3,543Applicable income taxes
  • $5,081Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,081Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 1.36%Yield on earning assets
  • 0.52%Cost of funding earning assets
  • 0.84%Net interest margin
  • 0.25%Noninterest income to earning assets
  • 0.61%Noninterest expense to earning assets
  • 0.24%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.40%Pretax return on assets
  • 2.60%Return on equity (ROE)
  • 2.60%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 734.62%Credit loss provision to net charge-offs
  • 90.27%Efficiency ratio
  • 42,089Assets per employee
  • 1.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 407.18%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 75.47%Net loans and leases to core deposits
  • 81.01%Equity capital to assets
  • 9.20%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 12.27%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $2,146,358Average earning assets
  • $195,141Average equity
  • $1,951,124Average loans

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