The Rappahannock National Bank of Washington in city_name, state_name

The Rappahannock National Bank of Washington in Washington, Virginia (VA)
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The Rappahannock National Bank of Washington - Overview

General
FDIC Certificate #: 6925
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union First Market Bank (#34589)
Federal Reserve ID: 978323
Date Established: January 01, 1902
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 #: 4654
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: January 01, 1934
Last Structure Change Effective Date: October 12, 2010
Last Structure Change Process Date: November 22, 2010
Last Data Update: November 22, 2010
Data Source Date: April 05, 2012
Location
Address: 257 Gay Street, Washington, VA 22747
County: Rappahannock
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
Financial Summary
Total assets: $194.1 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, 2009)

Dollar figures in thousands
35Total employees (full-time equivalent)
$186,459Total assets
$2,721Cash and due from depository institutions
$331Interest-bearing balances
$40,290Securities
$0Federal funds sold & reverse repurchase agreements
$128,817Net loans & leases
$1,605Loan loss allowance
$0Trading account assets
$5,474Bank premises and fixed assets
$879Other real estate owned
$4,795Goodwill and other intangibles
$643Life insurance assets
$3,483All other assets
$186,459Total liabilities and capital
$168,436Total liabilities
$160,386Total deposits
$135,989Interest-bearing deposits
$160,386Deposits held in domestic offices
87.89%% insured (estimated)
$7,487Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$563All other liabilities
$18,023Total equity capital
$18,023Total bank equity capital
$18,023Perpetual preferred stock
$0Common stock
$100Surplus
$10,701Undivided profits
Memoranda
$7,222Noncurrent loans and leases
$21,503Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,661Earning assets
$0Long-term assets (5+ years)
$858Average Assets, year-to-date
$169,438Average Assets, quarterly
$56,414Volatile liabilities
$184,986Insider loans
$187,130FHLB advances
$55,773Loans and leases held for sale
$1,967Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,503Total unused commitments
$0Restructured Loans and leases
$1,480Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$9,299Total interest income
$3,441Total interest expense
$5,858Net interest income
$925Provision for loan and lease losses
$1,010Total noninterest income
$0Fiduciary activities
$716Service charges on deposit accounts
$0Trading account gains & fees
$294Additional noninterest income
$5,250Total noninterest expense
$2,043Salaries and employee benefits
$860Premises and equipment expense
$2,347Additional noninterest expense
$693Pre-tax net operating income
$78Securities gains (losses)
$66Applicable income taxes
$705Income before extraordinary items
$0Extraordinary gains - net
$705Net income attributable to bank
$0Net charge-offs
$705Cash dividends
$341Sale, conversion, retirement of capital stock, net
$350Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.59%Yield on earning assets
2.07%Cost of funding earning assets
3.52%Net interest margin
0.61%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.34%Net operating income to assets
0.38%Return on assets (ROA)
0.42%Pretax return on assets
4.07%Return on equity (ROE)
2.05%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
271.26%Credit loss provision to net charge-offs
4.74%Efficiency ratio
74,723Assets per employee
5.33%Cash dividends to net income (YTD only)
Condition Ratios (%)
49.65%Loss allowance to loans
1.23%Loss allowance to noncurrent loans
96.63%Noncurrent assets plus other real estate owned to assets
1.36%Noncurrent loans to loans
1.27%Net loans and leases to deposits
80.32%Net loans and leases to core deposits
114.91%Equity capital to assets
9.67%Core capital (leverage) ratio
6.96%Tier 1 risk-based capital ratio
10.86%Total risk-based capital ratio
Memoranda
$12Average assets
$184,986Average earning assets
$17,326Average equity
$166,321Average loans

The Rappahannock National Bank of Washington in Washington, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Rappahannock National Bank of Washington - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

The Rappahannock National Bank of Washington in Washington, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

The Rappahannock National Bank of Washington - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

The Rappahannock National Bank of Washington in Washington, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches