Peoples Bank of Virginia in Chesterfield County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1998

Peoples Bank of Virginia in Chesterfield County, Virginia (VA)
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Peoples Bank of Virginia - Overview

General
FDIC Certificate #: 25860
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F & M Bank-Richmond (#22390)
Federal Reserve ID: 628721
Date Established: January 28, 1985
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 32097
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 28, 1985
Last Structure Change Effective Date: April 01, 1998
Last Structure Change Process Date: April 08, 1998
Last Data Update: April 08, 1998
Data Source Date: April 05, 2012
Location
Address: 9970 Ironbridge Road, Chesterfield County, VA 23832
County: Chesterfield
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): Richmond-Petersburg, VA (#6760)
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $82.6 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
38Total employees (full-time equivalent)
$80,418Total assets
$4,296Cash and due from depository institutions
$0Interest-bearing balances
$16,493Securities
$11,275Federal funds sold & reverse repurchase agreements
$46,387Net loans & leases
$575Loan loss allowance
$0Trading account assets
$1,408Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$559All other assets
$80,418Total liabilities and capital
$72,217Total liabilities
$70,386Total deposits
$55,213Interest-bearing deposits
$70,386Deposits held in domestic offices
0.00%% insured (estimated)
$1,460Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$371All other liabilities
$8,201Total equity capital
$8,201Total bank equity capital
$8,201Perpetual preferred stock
$0Common stock
$3,014Surplus
$2,568Undivided profits
Memoranda
$2,619Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$231Average Assets, year-to-date
$74,155Average Assets, quarterly
$876Volatile liabilities
$77,197Insider loans
$79,908FHLB advances
$12,620Loans and leases held for sale
$2,865Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$11,167Total unused commitments
$0Restructured Loans and leases
$52,213Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$5,590Total interest income
$2,319Total interest expense
$3,271Net interest income
$17Provision for loan and lease losses
$548Total noninterest income
$0Fiduciary activities
$413Service charges on deposit accounts
$0Trading account gains & fees
$135Additional noninterest income
$2,250Total noninterest expense
$1,131Salaries and employee benefits
$443Premises and equipment expense
$676Additional noninterest expense
$1,552Pre-tax net operating income
-$1Securities gains (losses)
$548Applicable income taxes
$1,003Income before extraordinary items
$0Extraordinary gains - net
$1,003Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$37Sale, conversion, retirement of capital stock, net
$79Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.90%Yield on earning assets
3.28%Cost of funding earning assets
4.62%Net interest margin
0.77%Noninterest income to earning assets
3.18%Noninterest expense to earning assets
1.30%Net operating income to assets
1.30%Return on assets (ROA)
2.01%Pretax return on assets
13.03%Return on equity (ROE)
12.01%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
45.95%Credit loss provision to net charge-offs
42.41%Efficiency ratio
58,916Assets per employee
2.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
7.88%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
65.90%Net loans and leases to core deposits
78.32%Equity capital to assets
10.20%Core capital (leverage) ratio
10.32%Tier 1 risk-based capital ratio
15.67%Total risk-based capital ratio
Memoranda
$17Average assets
$77,197Average earning assets
$7,696Average equity
$70,785Average loans

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