1st Commonwealth Bank of Virginia in Arlington, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • 1st Commonwealth Bank of Virginia in Arlington, Virginia (VA)
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1st Commonwealth Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 58773
    Status: Active
    Federal Reserve ID: 3688678
    Date Established: Febuary 17, 2009
    WWW: http://www.1cbv.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 18086
    FDIC's unique #: 467605
    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: Febuary 17, 2009
    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: 2500 Wilson Boulevard Suite 100, Arlington, VA 22201
    County: Arlington
    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: $51.3 mil
    Equity capital: $4.0 mil
    Deposits held in domestic offices: $43.1 mil
    Return on assets (ROA): -3.27% (-$1.7 mil)
    Quarterly return on assets: -2.02% (-$1.0 mil)
    Return on Equity (ROE): -33.96% (-$1.4 mil)
    Quarterly return on equity: -24.95% (-$1.0 mil)
    Net income: -$1.7 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: -3.27% (-$1,678.2 mil)
    Quarterly Pretax return on assets: -2.02% (-$1,036.7 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
  • 34Total employees (full-time equivalent)
  • $51,322Total assets
  • $2,659Cash and due from depository institutions
  • $72Interest-bearing balances
  • $0Securities
  • $11Federal funds sold & reverse repurchase agreements
  • $47,087Net loans & leases
  • $364Loan loss allowance
  • $0Trading account assets
  • $556Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $51,322Life insurance assets
  • $1,009All other assets
  • $47,291Total liabilities and capital
  • $43,102Total liabilities
  • $39,570Total deposits
  • $43,102Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,000Trading liabilities
  • $0Other borrowed funds
  • $189Subordinated debt
  • $4,031All other liabilities
  • $4,031Total equity capital
  • $4,031Total bank equity capital
  • $0Perpetual preferred stock
  • $12Common stock
  • $12,293Surplus
  • $-8,274Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $123Long-term assets (5+ years)
  • $47,170Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $50,944Volatile liabilities
  • $51,390Insider loans
  • $31,562FHLB advances
  • $51,322Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,031Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,175Restructured Loans and leases
  • $2,133Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,885Total interest income
  • $610Total interest expense
  • $1,275Net interest income
  • $100Provision for loan and lease losses
  • $1,212Total noninterest income
  • $0Fiduciary activities
  • $12Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,200Additional noninterest income
  • $4,053Total noninterest expense
  • $2,378Salaries and employee benefits
  • $902Premises and equipment expense
  • $773Additional noninterest expense
  • -$1,666Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • -$1,666Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,666Net income attributable to bank
  • $0Net charge-offs
  • -$1,666Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.12%Yield on earning assets
  • 1.33%Cost of funding earning assets
  • 2.79%Net interest margin
  • 2.65%Noninterest income to earning assets
  • 8.87%Noninterest expense to earning assets
  • -3.27%Net operating income to assets
  • -3.27%Return on assets (ROA)
  • -3.27%Pretax return on assets
  • -33.96%Return on equity (ROE)
  • -33.96%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 162,967Assets per employee
  • 1.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 109.25%Net loans and leases to core deposits
  • 113.18%Equity capital to assets
  • 7.85%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 12.77%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $50,944Average earning assets
  • $4,905Average equity
  • $45,714Average loans

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04676051st Commonwealth Bank Of Virginia2500 Wilson Boulevard Suite 100, Arlington, VA 22201Febuary 17, 2009Full Service Brick and Mortar

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