Regency Bank in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 1998

Regency Bank in Richmond, Virginia (VA)
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Regency Bank - Overview

General
FDIC Certificate #: 26999
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Hanover Bank (#27215)
Federal Reserve ID: 410823
Date Established: June 01, 1987
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
OTS Docket #: 9512
FDIC's unique #: 36431
Numeric code: 13
Regulator: FED
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: June 01, 1987
Last Structure Change Effective Date: August 01, 1998
Last Structure Change Process Date: August 12, 1998
Last Data Update: August 12, 1998
Data Source Date: April 05, 2012
Location
Address: 1011 East Main Street, Richmond, VA 23219
County: Richmond 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): Richmond-Petersburg, VA (#6760)
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $78.9 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
27Total employees (full-time equivalent)
$77,832Total assets
$3,947Cash and due from depository institutions
$0Interest-bearing balances
$20,431Securities
$5,144Federal funds sold & reverse repurchase agreements
$46,352Net loans & leases
$589Loan loss allowance
$0Trading account assets
$1,011Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$947All other assets
$77,832Total liabilities and capital
$70,765Total liabilities
$64,870Total deposits
$57,668Interest-bearing deposits
$64,870Deposits held in domestic offices
0.00%% insured (estimated)
$4,836Federal funds purchased & repurchase agreements
$0Trading liabilities
$369Other borrowed funds
$0Subordinated debt
$690All other liabilities
$7,067Total equity capital
$7,067Total bank equity capital
$7,067Perpetual preferred stock
$0Common stock
$3,508Surplus
$3,702Undivided profits
Memoranda
$-143Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,470Earning assets
$0Long-term assets (5+ years)
$304Average Assets, year-to-date
$71,927Average Assets, quarterly
$11,810Volatile liabilities
$74,437Insider loans
$76,437FHLB advances
$21,146Loans and leases held for sale
$3,034Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,699Total unused commitments
$0Restructured Loans and leases
$53,149Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$5,879Total interest income
$2,774Total interest expense
$3,105Net interest income
$641Provision for loan and lease losses
$152Total noninterest income
$0Fiduciary activities
$119Service charges on deposit accounts
$0Trading account gains & fees
$33Additional noninterest income
$2,775Total noninterest expense
$1,130Salaries and employee benefits
$338Premises and equipment expense
$1,307Additional noninterest expense
-$159Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$159Income before extraordinary items
$0Extraordinary gains - net
-$159Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$645Sale, conversion, retirement of capital stock, net
$183Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.62%Yield on earning assets
4.07%Cost of funding earning assets
4.56%Net interest margin
0.22%Noninterest income to earning assets
4.07%Noninterest expense to earning assets
-0.21%Net operating income to assets
-0.21%Return on assets (ROA)
-0.21%Pretax return on assets
-2.27%Return on equity (ROE)
-4.88%Retained earnings to average equity (YTD only)
1.34%Net charge-offs to loans
99.38%Credit loss provision to net charge-offs
0.75%Efficiency ratio
84,372Assets per employee
2.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
-115.09%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
40.07%Noncurrent assets plus other real estate owned to assets
1.89%Noncurrent loans to loans
3.13%Net loans and leases to deposits
71.45%Net loans and leases to core deposits
94.73%Equity capital to assets
9.08%Core capital (leverage) ratio
9.36%Tier 1 risk-based capital ratio
13.18%Total risk-based capital ratio
Memoranda
$14Average assets
$74,437Average earning assets
$7,012Average equity
$68,165Average loans

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