Albemarle First Bank in Charlottesville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 01, 2006

  • Albemarle First Bank in Charlottesville, Virginia (VA)
  • Show street view No street view available for this location

Albemarle First Bank - Overview

  • General
  • FDIC Certificate #: 34947
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Rockingham Heritage Bank (#33195)
    Federal Reserve ID: 2751977
    Date Established: December 28, 1998
    WWW: http://www.albemarlefirstbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 62121
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 28, 1998
    Last Structure Change Effective Date: July 01, 2006
    Last Structure Change Process Date: July 14, 2006
    Last Data Update: July 14, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1265 Seminole Trail, Charlottesville, VA 22901
    County: Albemarle
    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): Charlottesville, VA (#1540)
    Core Based Statistical Area (CBSA): Charlottesville, VA (#16820)
    CBSA Metro Statistical Area: Charlottesville, VA (#16820)
  • Financial Summary
  • Total assets: $122.2 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, 2005)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $115,291Total assets
  • $2,790Cash and due from depository institutions
  • $454Interest-bearing balances
  • $16,697Securities
  • $1,908Federal funds sold & reverse repurchase agreements
  • $85,801Net loans & leases
  • $1,308Loan loss allowance
  • $0Trading account assets
  • $4,762Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,333All other assets
  • $115,291Total liabilities and capital
  • $103,207Total liabilities
  • $99,000Total deposits
  • $85,304Interest-bearing deposits
  • $99,000Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $894Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $313All other liabilities
  • $12,084Total equity capital
  • $12,084Total bank equity capital
  • $12,084Perpetual preferred stock
  • $0Common stock
  • $7,006Surplus
  • $8,280Undivided profits
  • Memoranda
  • $-3,202Noncurrent loans and leases
  • $33,979Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,705Earning assets
  • $79Long-term assets (5+ years)
  • $506Average Assets, year-to-date
  • $104,860Average Assets, quarterly
  • $4,899Volatile liabilities
  • $120,258Insider loans
  • $117,708FHLB advances
  • $17,254Loans and leases held for sale
  • $4,049Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $33,979Total unused commitments
  • $0Restructured Loans and leases
  • $1,070Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $7,022Total interest income
  • $2,275Total interest expense
  • $4,747Net interest income
  • $320Provision for loan and lease losses
  • $549Total noninterest income
  • $0Fiduciary activities
  • $293Service charges on deposit accounts
  • $0Trading account gains & fees
  • $256Additional noninterest income
  • $4,610Total noninterest expense
  • $2,540Salaries and employee benefits
  • $515Premises and equipment expense
  • $1,555Additional noninterest expense
  • $366Pre-tax net operating income
  • $2Securities gains (losses)
  • $125Applicable income taxes
  • $243Income before extraordinary items
  • $0Extraordinary gains - net
  • $243Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $212Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.40%Yield on earning assets
  • 2.07%Cost of funding earning assets
  • 4.33%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 4.20%Noninterest expense to earning assets
  • 0.20%Net operating income to assets
  • 0.20%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 2.19%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 150.94%Credit loss provision to net charge-offs
  • 3.24%Efficiency ratio
  • 87,047Assets per employee
  • 2.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 76.72%Noncurrent assets plus other real estate owned to assets
  • 1.48%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 86.67%Net loans and leases to core deposits
  • 100.19%Equity capital to assets
  • 10.48%Core capital (leverage) ratio
  • 9.29%Tier 1 risk-based capital ratio
  • 12.58%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $120,258Average earning assets
  • $11,095Average equity
  • $109,658Average loans

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