Virginia Savings Bank, F.S.B. in Front Royal, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Virginia Savings Bank, F.S.B. in Front Royal, Virginia (VA)
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Virginia Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 32039
    Status: Active
    Federal Reserve ID: 540672
    Date Established: September 03, 1980
    WWW: http://www.virginiasavingsbank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 7774
    FDIC's unique #: 44873
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: September 03, 1980
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 Commerce Avenue, Front Royal, VA 22630
    County: Warren
    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): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $127.9 mil
    Equity capital: $12.0 mil
    Deposits held in domestic offices: $115.6 mil
    Return on assets (ROA): 0.41% ($0.5 mil)
    Quarterly return on assets: -0.11% (-$0.1 mil)
    Return on Equity (ROE): 4.41% ($0.5 mil)
    Quarterly return on equity: -1.16% (-$0.1 mil)
    Net income: $0.5 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.64% ($818.8 mil)
    Quarterly Pretax return on assets: -0.18% (-$230.3 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
  • 47Total employees (full-time equivalent)
  • $127,941Total assets
  • $9,920Cash and due from depository institutions
  • $7,195Interest-bearing balances
  • $17,881Securities
  • $5,567Federal funds sold & reverse repurchase agreements
  • $85,513Net loans & leases
  • $902Loan loss allowance
  • $0Trading account assets
  • $6,034Bank premises and fixed assets
  • $1,119Other real estate owned
  • $83Goodwill and other intangibles
  • $127,941Life insurance assets
  • $1,824All other assets
  • $115,898Total liabilities and capital
  • $115,610Total liabilities
  • $110,720Total deposits
  • $115,610Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $288Subordinated debt
  • $12,043All other liabilities
  • $12,043Total equity capital
  • $12,043Total bank equity capital
  • $1,000Perpetual preferred stock
  • $1,900Common stock
  • $1,266Surplus
  • $7,877Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $715Income earned, not collected on loans
  • $0Earning assets
  • $482Long-term assets (5+ years)
  • $116,156Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $128,438Volatile liabilities
  • $128,923Insider loans
  • $79,003FHLB advances
  • $127,911Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,013Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,974Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,156Total interest income
  • $1,286Total interest expense
  • $4,870Net interest income
  • $172Provision for loan and lease losses
  • $1,046Total noninterest income
  • $0Fiduciary activities
  • $3Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,043Additional noninterest income
  • $4,943Total noninterest expense
  • $2,569Salaries and employee benefits
  • $1,083Premises and equipment expense
  • $1,291Additional noninterest expense
  • $801Pre-tax net operating income
  • $18Securities gains (losses)
  • $295Applicable income taxes
  • $524Income before extraordinary items
  • $0Extraordinary gains - net
  • $524Net income attributable to bank
  • $0Net charge-offs
  • $524Cash dividends
  • $253Sale, conversion, retirement of capital stock, net
  • $75Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.30%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.19%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 4.25%Noninterest expense to earning assets
  • 0.40%Net operating income to assets
  • 0.41%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 4.41%Return on equity (ROE)
  • 3.78%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 67.98%Credit loss provision to net charge-offs
  • 3.85%Efficiency ratio
  • 83,553Assets per employee
  • 2.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.31%Loss allowance to loans
  • 1.04%Loss allowance to noncurrent loans
  • 126.15%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 0.83%Net loans and leases to deposits
  • 73.97%Net loans and leases to core deposits
  • 74.83%Equity capital to assets
  • 9.41%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 13.94%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $128,438Average earning assets
  • $11,893Average equity
  • $116,204Average loans

List of branches

  • 5 Virginia Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    044873Virginia Savings Bank, F.S.b.600 Commerce Avenue, Front Royal, VA 22630September 03, 1980Full Service Brick and Mortar
    102286514Winchester Branch234 Weems Lane, Winchester, VA 22601September 03, 1980Full Service Brick and Mortar
    1032865151001 South Main Street Branch1001 South Main Street, Woodstock, VA 22664June 30, 1985Full Service Brick and Mortar
    10533432533230 Old Valley Pike Branch33230 Old Valley Pike, Strasburg, VA 22657Febuary 28, 2000Full Service Brick and Mortar
    107495831Stephens City Branch100 Elizabeth Dr, Stephens City, VA 22655July 23, 2008Full Service Brick and Mortar

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