The Bank of Tidewater in Virginia Beach, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 20, 2001

  • The Bank of Tidewater in Virginia Beach, Virginia (VA)
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The Bank of Tidewater - Overview

  • General
  • FDIC Certificate #: 26318
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 858126
    Date Established: July 08, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    FDIC's unique #: 32759
    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: July 08, 1985
    Last Structure Change Effective Date: November 20, 2001
    Last Structure Change Process Date: January 30, 2002
    Last Data Update: January 30, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 1548 Laskin Road, Virginia Beach, VA 23451
    County: Virginia Beach 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): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • Financial Summary
  • Total assets: $283.1 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
  • 159Total employees (full-time equivalent)
  • $239,749Total assets
  • $15,284Cash and due from depository institutions
  • $0Interest-bearing balances
  • $71,591Securities
  • $610Federal funds sold & reverse repurchase agreements
  • $142,431Net loans & leases
  • $1,778Loan loss allowance
  • $0Trading account assets
  • $6,543Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,290All other assets
  • $239,749Total liabilities and capital
  • $219,745Total liabilities
  • $211,124Total deposits
  • $142,397Interest-bearing deposits
  • $211,124Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6,996Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,625All other liabilities
  • $20,004Total equity capital
  • $20,004Total bank equity capital
  • $20,004Perpetual preferred stock
  • $0Common stock
  • $12,031Surplus
  • $3,129Undivided profits
  • Memoranda
  • $4,844Noncurrent loans and leases
  • $38,688Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $129Earning assets
  • $0Long-term assets (5+ years)
  • $828Average Assets, year-to-date
  • $214,632Average Assets, quarterly
  • $17,201Volatile liabilities
  • $232,883Insider loans
  • $238,187FHLB advances
  • $31,814Loans and leases held for sale
  • $3,491Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,848Total risk weighted assets
  • $38,688Total unused commitments
  • $0Restructured Loans and leases
  • $1,778Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $17,099Total interest income
  • $5,127Total interest expense
  • $11,972Net interest income
  • $180Provision for loan and lease losses
  • $4,768Total noninterest income
  • $0Fiduciary activities
  • $2,001Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,767Additional noninterest income
  • $11,793Total noninterest expense
  • $5,552Salaries and employee benefits
  • $1,833Premises and equipment expense
  • $4,408Additional noninterest expense
  • $4,767Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,588Applicable income taxes
  • $3,179Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,179Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $2,398Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.23%Yield on earning assets
  • 2.47%Cost of funding earning assets
  • 5.76%Net interest margin
  • 2.29%Noninterest income to earning assets
  • 5.67%Noninterest expense to earning assets
  • 1.37%Net operating income to assets
  • 1.37%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 17.05%Return on equity (ROE)
  • 4.19%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 236.84%Credit loss provision to net charge-offs
  • 65.09%Efficiency ratio
  • 70,448Assets per employee
  • 1.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.43%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 1378.29%Noncurrent assets plus other real estate owned to assets
  • 0.05%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 67.46%Net loans and leases to core deposits
  • 76.45%Equity capital to assets
  • 8.34%Core capital (leverage) ratio
  • 8.64%Tier 1 risk-based capital ratio
  • 12.79%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $232,883Average earning assets
  • $18,640Average equity
  • $207,809Average loans

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