The Bank of Richmond, National Association - Overview
General
FDIC Certificate #: 35160 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Gateway Bank & Trust Company (#34861) Federal Reserve ID: 2833181 Date Established: July 15, 1999 WWW:http://www.bankr.com Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 6 (Interstate: No) FDIC's unique #: 75631 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: July 15, 1999 Last Structure Change Effective Date: June 01, 2007 Last Structure Change Process Date: June 12, 2007 Last Data Update: June 12, 2007 Data Source Date: April 05, 2012
Location
Address: 2730 Buford Road, Richmond, VA 23235 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: $188.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
50Total employees (full-time equivalent)
$180,097Total assets
$10,023Cash and due from depository institutions
$6,151Interest-bearing balances
$5,775Securities
$12,583Federal funds sold & reverse repurchase agreements
$140,789Net loans & leases
$1,629Loan loss allowance
$0Trading account assets
$7,017Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,910All other assets
$180,097Total liabilities and capital
$161,067Total liabilities
$158,283Total deposits
$144,168Interest-bearing deposits
$158,283Deposits held in domestic offices
0.00%% insured (estimated)
$6Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$2,778All other liabilities
$19,030Total equity capital
$19,030Total bank equity capital
$19,030Perpetual preferred stock
$0Common stock
$6,869Surplus
$7,555Undivided profits
Memoranda
$4,606Noncurrent loans and leases
$70,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$49Earning assets
$0Long-term assets (5+ years)
$973Average Assets, year-to-date
$165,298Average Assets, quarterly
$3,119Volatile liabilities
$158,103Insider loans
$174,272FHLB advances
$39,773Loans and leases held for sale
$6,643Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$70,252Total unused commitments
$0Restructured Loans and leases
$1,629Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$12,286Total interest income
$4,846Total interest expense
$7,440Net interest income
$191Provision for loan and lease losses
$602Total noninterest income
$0Fiduciary activities
$244Service charges on deposit accounts
$0Trading account gains & fees
$358Additional noninterest income
$4,608Total noninterest expense
$3,056Salaries and employee benefits
$414Premises and equipment expense
$1,138Additional noninterest expense
$3,243Pre-tax net operating income
$0Securities gains (losses)
$1,140Applicable income taxes
$2,103Income before extraordinary items
$0Extraordinary gains - net
$2,103Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.42%Yield on earning assets
3.32%Cost of funding earning assets
5.10%Net interest margin
0.41%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
1.33%Net operating income to assets
1.33%Return on assets (ROA)
2.05%Pretax return on assets
11.81%Return on equity (ROE)
11.81%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
2122.22%Credit loss provision to net charge-offs
381.56%Efficiency ratio
57,299Assets per employee
3.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
3324.49%Noncurrent assets plus other real estate owned to assets
0.03%Noncurrent loans to loans
0.03%Net loans and leases to deposits
88.95%Net loans and leases to core deposits
118.79%Equity capital to assets
10.57%Core capital (leverage) ratio
10.82%Tier 1 risk-based capital ratio
11.75%Total risk-based capital ratio
Memoranda
$13Average assets
$158,103Average earning assets
$17,808Average equity
$145,941Average loans
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