FDIC Certificate #: 26663 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Community Bank (#13012) Federal Reserve ID: 650526 Date Established: April 30, 1986 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 35402 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: April 30, 1986 Last Structure Change Effective Date: June 06, 2003 Last Structure Change Process Date: July 31, 2003 Last Data Update: July 31, 2003 Data Source Date: April 05, 2012
Location
Address: 9310 Midlothian Turnpike, 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: $151.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
36Total employees (full-time equivalent)
$134,136Total assets
$10,939Cash and due from depository institutions
$5,679Interest-bearing balances
$0Securities
$12,504Federal funds sold & reverse repurchase agreements
$106,175Net loans & leases
$1,090Loan loss allowance
$0Trading account assets
$741Bank premises and fixed assets
$0Other real estate owned
$13Goodwill and other intangibles
$0Life insurance assets
$3,764All other assets
$134,136Total liabilities and capital
$125,858Total liabilities
$107,339Total deposits
$64,936Interest-bearing deposits
$107,339Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,541Other borrowed funds
$0Subordinated debt
$978All other liabilities
$8,278Total equity capital
$8,278Total bank equity capital
$8,278Perpetual preferred stock
$0Common stock
$2,880Surplus
$4,116Undivided profits
Memoranda
$1,282Noncurrent loans and leases
$23,527Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$590Earning assets
$96Long-term assets (5+ years)
$414Average Assets, year-to-date
$124,358Average Assets, quarterly
$36,707Volatile liabilities
$114,121Insider loans
$131,969FHLB advances
$13,693Loans and leases held for sale
$0Unused loan commitments
$17,541Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$23,527Total unused commitments
$0Restructured Loans and leases
$1,090Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$6,532Total interest income
$2,061Total interest expense
$4,471Net interest income
$487Provision for loan and lease losses
$581Total noninterest income
$0Fiduciary activities
$135Service charges on deposit accounts
$0Trading account gains & fees
$446Additional noninterest income
$3,163Total noninterest expense
$1,596Salaries and employee benefits
$480Premises and equipment expense
$1,087Additional noninterest expense
$1,402Pre-tax net operating income
$0Securities gains (losses)
$480Applicable income taxes
$922Income before extraordinary items
$0Extraordinary gains - net
$922Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$107Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.36%Yield on earning assets
2.01%Cost of funding earning assets
4.35%Net interest margin
0.57%Noninterest income to earning assets
3.08%Noninterest expense to earning assets
0.81%Net operating income to assets
0.81%Return on assets (ROA)
1.23%Pretax return on assets
11.89%Return on equity (ROE)
11.89%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
455.14%Credit loss provision to net charge-offs
17.65%Efficiency ratio
62,609Assets per employee
3.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.02%Loss allowance to noncurrent loans
184.75%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.55%Net loans and leases to deposits
98.92%Net loans and leases to core deposits
107.63%Equity capital to assets
6.17%Core capital (leverage) ratio
6.45%Tier 1 risk-based capital ratio
8.94%Total risk-based capital ratio
Memoranda
$10Average assets
$114,121Average earning assets
$7,758Average equity
$102,683Average loans
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