Union First Market Bank in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Union First Market Bank in Richmond, Virginia (VA)
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Union First Market Bank routing number info

Union First Market Bank - Overview

  • General
  • FDIC Certificate #: 34589
    Status: Active
    Federal Reserve ID: 693224
    Bank Holding Company (Regulatory Top Holder): Union First Market Bankshares Corporation (RSSDID: 1971693, Location: Richmond, VA)
    Date Established: November 04, 1997
    WWW: http://www.bankatunion.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 99 (Domestic: 99, Interstate: No)
    OTS Docket #: 14594
    FDIC's unique #: 60753
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 04, 1997
    Last Structure Change Effective Date: May 21, 2011
    Last Structure Change Process Date: August 16, 2011
    Last Data Update: August 16, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 Virginia Street, Suite 200, 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)
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $3,888.6 mil
    Equity capital: $467.6 mil
    Deposits held in domestic offices: $3,181.6 mil
    Return on assets (ROA): 0.85% ($33.1 mil)
    Quarterly return on assets: 0.90% ($35.0 mil)
    Return on Equity (ROE): 7.20% ($33.7 mil)
    Quarterly return on equity: 7.53% ($35.2 mil)
    Net income: $32.4 mil
    Quarterly Net income: $8.7 mil
    Pretax return on assets: 1.17% ($45,496.7 mil)
    Quarterly Pretax return on assets: 1.25% ($48,607.6 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, 2011)

  • Dollar figures in thousands
  • 1,026Total employees (full-time equivalent)
  • $3,888,611Total assets
  • $91,341Cash and due from depository institutions
  • $26,555Interest-bearing balances
  • $619,410Securities
  • $162Federal funds sold & reverse repurchase agreements
  • $2,863,937Net loans & leases
  • $39,470Loan loss allowance
  • $66Trading account assets
  • $72,213Bank premises and fixed assets
  • $32,263Other real estate owned
  • $80,547Goodwill and other intangibles
  • $3,888,611Life insurance assets
  • $128,672All other assets
  • $3,420,990Total liabilities and capital
  • $3,181,648Total liabilities
  • $2,641,100Total deposits
  • $3,181,648Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 62995.00%% insured (estimated)
  • $66Federal funds purchased & repurchase agreements
  • $140,000Trading liabilities
  • $15,381Other borrowed funds
  • $20,900Subordinated debt
  • $467,621All other liabilities
  • $467,621Total equity capital
  • $467,621Total bank equity capital
  • $0Perpetual preferred stock
  • $12,088Common stock
  • $213,512Surplus
  • $242,021Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $74,824Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $64,745Income earned, not collected on loans
  • $0Earning assets
  • $16,654Long-term assets (5+ years)
  • $3,510,064Average Assets, year-to-date
  • $1,193,427Average Assets, quarterly
  • $3,835,682Volatile liabilities
  • $3,886,229Insider loans
  • $3,024,174FHLB advances
  • $3,823,055Loans and leases held for sale
  • $54,980Unused loan commitments
  • $43,304Tier 1 (core) risk-based capital
  • $373,778Tier 2 risk-based capital
  • $11,676Total risk weighted assets
  • $0Total unused commitments
  • $722,117Restructured Loans and leases
  • $47,182Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $189,153Total interest income
  • $30,919Total interest expense
  • $158,234Net interest income
  • $16,800Provision for loan and lease losses
  • $41,793Total noninterest income
  • $1,230Fiduciary activities
  • $8,826Service charges on deposit accounts
  • $0Trading account gains & fees
  • $31,737Additional noninterest income
  • $138,480Total noninterest expense
  • $70,048Salaries and employee benefits
  • $17,498Premises and equipment expense
  • $50,934Additional noninterest expense
  • $44,747Pre-tax net operating income
  • $84Securities gains (losses)
  • $12,412Applicable income taxes
  • $32,419Income before extraordinary items
  • $0Extraordinary gains - net
  • $32,419Net income attributable to bank
  • $0Net charge-offs
  • $32,419Cash dividends
  • $15,736Sale, conversion, retirement of capital stock, net
  • $8,450Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.47%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.58%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 4.01%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.17%Pretax return on assets
  • 7.20%Return on equity (ROE)
  • 5.33%Retained earnings to average equity (YTD only)
  • 0.54%Net charge-offs to loans
  • 106.76%Credit loss provision to net charge-offs
  • 3.91%Efficiency ratio
  • 65,970Assets per employee
  • 3.79%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 26.06%Loss allowance to loans
  • 1.36%Loss allowance to noncurrent loans
  • 60.96%Noncurrent assets plus other real estate owned to assets
  • 2.49%Noncurrent loans to loans
  • 2.23%Net loans and leases to deposits
  • 90.01%Net loans and leases to core deposits
  • 96.88%Equity capital to assets
  • 12.03%Core capital (leverage) ratio
  • 9.78%Tier 1 risk-based capital ratio
  • 12.36%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $3,835,682Average earning assets
  • $450,026Average equity
  • $3,455,701Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $259,296Managed Assets
  • 1Number of Accounts
  • $188,406Personal trust and agency accounts
  • $86,823Employee benefit-defined contribution accounts
  • $1,513Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $19,171Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $78,894Other fiduciary accounts
  • $2,005Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 406Number of Accounts
  • $0Personal trust and agency accounts
  • $19,171Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $70,890Other retirement accounts
  • $5,107Corporate trust and agency accounts
  • $24,677Other fiduciary accounts
  • $1,371Fiduciary accounts held in foreign offices

List of branches

  • 99 Virginia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    060753Union First Market Bank111 Virginia Street, Suite 200, Richmond, VA 23219November 04, 1997Full Service Brick and Mortar
    1290706Short Pump Crossing Branch3460 Short Pump Road, Richmond, VA 23233November 04, 1997Full Service Retail
    2290707Bermuda Square/Chester Branch12601 Jeff Davis Highway, Chester, VA 23831November 04, 1997Full Service Retail
    3290708Harbour Pointe Branch13700 Hull Street Road, Midlothian, VA 23112November 04, 1997Full Service Retail
    4290709The Village Branch7035 Three Chopt Road, Richmond, VA 23226November 04, 1997Full Service Retail
    6290711Chesterfield Crossing Branch11361 Midlothian Turnpike, Richmond, VA 23235November 04, 1997Full Service Retail
    8290713Ashland Ukrops253 North Washington Highway, Ashland, VA 23005June 02, 1998Full Service Brick and Mortar
    9290714Mechanicsville Ukrops Branch7324 Bell Creek Road South, Mechanicsville, VA 23111December 04, 1997Full Service Brick and Mortar
    10290715Sycamore Square Branch1220 Sycamore Square, Midlothian, VA 23113June 02, 1998Full Service Brick and Mortar
    11290716Brook Run Branch5700 Brook Road, Richmond, VA 23227December 04, 1997Full Service Brick and Mortar
    12290717Gayton Crossing Branch9782 Gayton Road, Richmond, VA 23233June 02, 1998Full Service Brick and Mortar
    13290718Chippenham Crossing Center Branch5201 Chippenham Crossing Center, Richmond, VA 23234June 02, 1998Full Service Brick and Mortar
    14290719Westpark Branch9645 West Broad Street, Glen Allen, VA 23060December 04, 1997Full Service Brick and Mortar
    15290720Bon Air Branch9027 Forest Hill Avenue, Richmond, VA 23235April 01, 1998Full Service Brick and Mortar
    16290721Willow Lawn Branch1601 Willow Lawn Dr., Suite 701, Richmond, VA 23230September 08, 1998Full Service Brick and Mortar
    17290722Laburnum Branch4390 South Laburnum Avenue, Richmond, VA 23231September 08, 1998Full Service Brick and Mortar
    19290724Williamsburg Branch4660 Monticello Avenue, Williamsburg, VA 23188November 03, 1998Full Service Brick and Mortar
    21356504Stony Point Branch3000 Stony Point, Richmond, VA 23236September 08, 1998Full Service Brick and Mortar
    22361284Virginia Center Branch10150 Brook Road, Glen Allen, VA 23060November 02, 1999Full Service Retail
    243612863556 West Cary Street Branch3556 West Cary Street, Richmond, VA 23221January 21, 2000Full Service Brick and Mortar
    26419043Virginia Street Branch111 Virginia Street Suite 200, Richmond, VA 23219December 10, 2001Full Service Brick and Mortar
    27462073Chesterfield Meadows Branch6401 Centrailia Road, Chester, VA 23831November 01, 2004Full Service Brick and Mortar
    28462074Crossridge Branch10250 Staple Mill Road, Glen Allen, VA 23060November 11, 2003Full Service Brick and Mortar
    29462235Colonial Heights Branch3107 Boulevard, Colonial Heights, VA 23834November 04, 1997Full Service Brick and Mortar
    30462236Brandermill Branch6030 Harbour Park Dr, Midlothian, VA 23112July 15, 2002Full Service Brick and Mortar
    31462237Midlothian Turnpike Branch11101 Midlothian Turnpike, Richmond, VA 23235June 01, 2005Full Service Brick and Mortar
    32462238Stratford Hills Branch7045 Forest Hill Ave, Richmond, VA 23225May 01, 2005Full Service Brick and Mortar
    33462240Bell Creek Road Branch7279 Bell Creek Road, Mechanicsville, VA 23111January 01, 2005Full Service Brick and Mortar
    35462242Twin Lakes Branch1975 Jeff Davis Hwy, Fredericksburg, VA 22401July 01, 2004Full Service Brick and Mortar
    37462244John Rolfe Pkwy Branch2250 John Rolfe Parkway, Richmond, VA 23233December 02, 2003Full Service Brick and Mortar
    38463357Dumbarton Branch7129 Staples Mill Road, Richmond, VA 23228Febuary 10, 2003Full Service Brick and Mortar
    39492550Cave Springs Branch3605 Eletric Road, Roanoke, VA 24018June 09, 2008Full Service Brick and Mortar
    40492551Shannon Park Branch3301 Shannon Park Drive, Fredericksburg, VA 22408May 27, 2008Full Service Brick and Mortar
    41495741Kenmore Avenue Branch725 Kenmore Ave., Fredericksburg, VA 22401October 20, 2008Full Service Brick and Mortar
    42495745West Broad Street Branch11263 W. Broad St., Glen Allen, VA 23060January 12, 2009Full Service Brick and Mortar
    44495776White Oak Branch4591 S. Laburnum Ave, Richmond, VA 23231October 07, 2008Full Service Brick and Mortar
    47495779Williamsburg Windsor Meade Branch4960 Monticello Ave, Williamsburg, VA 23188June 11, 2007Full Service Brick and Mortar
    487398Bowling Green Branch211 North Main Street, Bowling Green, VA 22427January 01, 1902Full Service Brick and Mortar
    49225053Ladysmith Branch7349 Ladysmith Road, Ladysmith, VA 22501May 18, 1970Full Service Brick and Mortar
    50225055Port Royal BranchU.S. Highway 301, Port Royal, VA 22535September 15, 1976Full Service Brick and Mortar
    51225056Four Mile Fork Branch4540 Lafayette Boulevard, Fredericksburg, VA 22408December 15, 1980Full Service Brick and Mortar
    52225057Ashland BranchU.S. Route 1 And State Route 657, Ashland, VA 23005September 05, 1984Full Service Brick and Mortar
    53225058Chancellor Branch4210 Plank Road, Fredericksburg, VA 22401May 12, 1986Full Service Brick and Mortar
    54225059Leavells Branch10415 Courthouse Road, Spotsylvania, VA 22553January 01, 1987Full Service Brick and Mortar
    55225060Atlee Branch9665 Sliding Hill Rd, Ashland, VA 23005July 17, 1989Full Service Brick and Mortar
    57249504Manquin BranchU.S. Route 360, Manquin, VA 23106January 08, 1973Full Service Brick and Mortar
    58225062Hanover Commons Branch9534 Chamberlayne Road, Mechanicsville, VA 23111April 17, 1995Full Service Brick and Mortar
    59225063Falmouth Branch622 Cambridge Street, Falmouth, VA 22405March 15, 1996Full Service Brick and Mortar
    60225065Fall Hill Branch2811 Fall Hill Avenue, Fredericksburg, VA 22401June 22, 1998Full Service Brick and Mortar
    61225067Mechanicsville Branch6479 Mechanicsville Turnpike, Mechanicsville, VA 23111September 21, 1998Full Service Brick and Mortar
    6214970King George BranchState Route 3, King George, VA 22485June 17, 1974Full Service Brick and Mortar
    63218506Colonial Beach BranchState Route 205, Colonial Beach, VA 22443October 15, 1973Full Service Brick and Mortar
    64419639Thornburg Branch5510 Morris Road, Spotsylvania, VA 22553August 19, 2002Full Service Brick and Mortar
    65431409Parham Road Branch1773 Parham Road, Richmond, VA 23229March 22, 2004Full Service Brick and Mortar
    66431411Genito Branch11101 Hull Street, Midlothian, VA 23112June 30, 2004Full Service Brick and Mortar
    6744907Pantops Branch1658 State Farm Boulevard, Charlottesville, VA 22901Febuary 05, 1981Full Service Brick and Mortar
    68286702Main Street Branch400 East Main Street, Charlottesville, VA 22902Febuary 05, 1981Full Service Brick and Mortar
    69286703Charlottesville Branch2151 Barracks Road, Charlottesville, VA 22903June 30, 1986Full Service Brick and Mortar
    70286705Rio Road Branch1700 Seminole Trail, Charlottesville, VA 22901July 01, 1997Full Service Brick and Mortar
    71286707Lake Monticello BranchRt. 9, Box 5299, Palmyra, VA 22963November 05, 1998Full Service Brick and Mortar
    72360967Forest Lakes Branch3290 Worth Crossing, Charlottesville, VA 22911Febuary 07, 2001Full Service Brick and Mortar
    73419409Lovingston Branch124 Main Street, Lovingston, VA 22949March 15, 2003Full Service Brick and Mortar
    74442510Pole Green Branch8300 Bell Creek Road, Mechanicsville, VA 23116December 13, 2004Full Service Brick and Mortar
    75442511Sycamore Square Branch13700 Midlothian Turnpike, Midlothian, VA 23113May 26, 2005Full Service Brick and Mortar
    77457800Twin Hickory Branch11163 Nuckols Road, Glen Allen, VA 23059December 11, 2006Full Service Brick and Mortar
    7836156West Springfield Branch5803 Rolling Road, Springfield, VA 22152October 06, 1986Full Service Brick and Mortar
    79260401Central Branch6975-A Springfield Boulevard, Springfield, VA 22150April 30, 1990Full Service Brick and Mortar
    80362170Burke Branch6050-A Burke Commons Road, Burke, VA 22015September 18, 2000Full Service Brick and Mortar
    81478950Harrison Crossing Branch5831 Plank Road, Fredericksburg, VA 22407December 10, 2007Full Service Brick and Mortar
    82419371Ivy Road Branch2208 Ivy Road, Charlottesville, VA 22903Febuary 10, 2003Full Service Brick and Mortar
    8362052Newport News Branch603 Pilot House Drive, Newport News, VA 23606Febuary 11, 1999Full Service Brick and Mortar
    84365205Route 5 Branch5125 John Tyler Highway, Williamsburg, VA 23185May 20, 2002Full Service Retail
    85443064Monticello Branch171 Monticello Ave, Williamsburg, VA 23185January 24, 2005Full Service Brick and Mortar
    86453341Grafton Branch5030 George Washington Memorial Hwy, Grafton, VA 23692March 06, 2006Full Service Brick and Mortar
    87493360Staples Mill Square Branch8983 Staples Mill Road, Henrico, VA 23228March 03, 2009Full Service Brick and Mortar
    88493831Cosner's Corner Branch10131 Jefferson Davis Highway, Fredericksburg, VA 22407October 27, 2008Full Service Brick and Mortar
    894654Rappahannock Bank Branch7 Bank Road, Washington, VA 22747January 01, 1902Full Service Brick and Mortar
    90465911Front Royal Branch473 South Street, Front Royal, VA 22630November 27, 2006Full Service Brick and Mortar
    91469171Warrenton Branch37 E. Main Street, Warrenton, VA 20186September 10, 2007Full Service Brick and Mortar
    92469172Millwood Branch1095 Millwood Pike, Winchester, VA 22602September 10, 2007Full Service Brick and Mortar
    93469173Middleburg Branch101 W. Washington Street, Middleburg, VA 20117September 10, 2007Full Service Brick and Mortar
    94469175Broadview Branch216 Broadview Avenue, Warrenton, VA 20186September 10, 2007Full Service Brick and Mortar
    956385Warsaw Branch5839 Richmond Rd, Warsaw, VA 22572May 09, 1909Full Service Brick and Mortar
    96221667Montross Branch17191 King's Hwy, Montross, VA 22520October 26, 1989Full Service Brick and Mortar
    97283862Tappahannock Branch1649 Tappahannock Blvd, Tappahannock, VA 22560January 01, 1959Full Service Brick and Mortar
    98221668Tappahannock Wal*mart Branch1660 Tappahannock Blvd, Tappahannock, VA 22560October 30, 1996Full Service Retail
    99225135Reedville BranchMain Street, Route 360, Reedville, VA 22539June 03, 1968Full Service Brick and Mortar
    100225136Burgess Branch15043 Northumberland Highway, Burgess, VA 22432July 19, 1958Full Service Brick and Mortar
    101225137White Stone Branch485 Chesapeake Drive, White Stone, VA 22578June 03, 1968Full Service Brick and Mortar
    102225179Kilmarnock Branch284 North Main Street, Kilmarnock, VA 22482November 03, 1987Full Service Brick and Mortar
    103518475Berea Marketplace Branch1044 Warrenton Road, Fredericksburg, VA 22406March 21, 2011Full Service Brick and Mortar
    104521610Rosser Avenue Branch437 Tiffany Drive, Waynesboro, VA 22980June 27, 2011Full Service Retail
    105521611Staunton-Martins Branch1015 Richmond Road, Staunton, VA 24401June 27, 2011Full Service Retail
    106521612Stonewall Plaza Branch200 Rivandell Court, Winchester, VA 22603June 27, 2011Full Service Retail
    107521613Winchester Gateway Branch400 Gateway Drive, Winchester, VA 22603June 27, 2011Full Service Retail
    108521614Skyline Village Branch2035 E. Market Street, Harrisonburg, VA 22801June 27, 2011Full Service Retail
    110522010Fredericktowns Crossing Branch240 Elizabeth Drive, Stephens City, VA 22655June 27, 2011Full Service Brick and Mortar
    111522041Culpeper Colonnade Branch15371 Montanus Drive, Culpeper, VA 22701June 27, 2011Full Service Retail
    112285469Harrisonburg Main Branch440 South Main Street, Harrisonburg, VA 22801June 30, 1988Full Service Brick and Mortar

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