Bank of Virginia in Midlothian, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 57627
    Status: Active
    Federal Reserve ID: 3198421
    Bank Holding Company (Regulatory Top Holder): Cordia Bancorp, Inc. (RSSDID: 4129002, Location: Midlothian, VA)
    Date Established: January 12, 2004
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 418778
    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: January 12, 2004
    Last Structure Change Effective Date: April 27, 2006
    Last Structure Change Process Date: April 27, 2006
    Last Data Update: April 27, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 11730 Hull Street Road, Midlothian, VA 23112
    County: Chesterfield
    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)
  • Financial Summary
  • Total assets: $165.5 mil
    Equity capital: $12.7 mil
    Deposits held in domestic offices: $147.2 mil
    Return on assets (ROA): -2.36% (-$3.9 mil)
    Quarterly return on assets: -1.51% (-$2.5 mil)
    Return on Equity (ROE): -30.78% (-$4.0 mil)
    Quarterly return on equity: -19.79% (-$2.6 mil)
    Net income: -$4.5 mil
    Quarterly Net income: -$0.6 mil
    Pretax return on assets: -2.36% (-$3,904.9 mil)
    Quarterly Pretax return on assets: -1.51% (-$2,498.5 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
  • 38Total employees (full-time equivalent)
  • $165,463Total assets
  • $26,695Cash and due from depository institutions
  • $22,543Interest-bearing balances
  • $25,580Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $104,523Net loans & leases
  • $5,672Loan loss allowance
  • $0Trading account assets
  • $5,374Bank premises and fixed assets
  • $1,260Other real estate owned
  • $0Goodwill and other intangibles
  • $165,463Life insurance assets
  • $2,031All other assets
  • $152,797Total liabilities and capital
  • $147,241Total liabilities
  • $130,408Total deposits
  • $147,241Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $5,000Trading liabilities
  • $0Other borrowed funds
  • $556Subordinated debt
  • $12,666All other liabilities
  • $12,666Total equity capital
  • $12,666Total bank equity capital
  • $0Perpetual preferred stock
  • $11,328Common stock
  • $24,622Surplus
  • $-23,284Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,112Income earned, not collected on loans
  • $0Earning assets
  • $564Long-term assets (5+ years)
  • $152,646Average Assets, year-to-date
  • $22,574Average Assets, quarterly
  • $188,393Volatile liabilities
  • $170,434Insider loans
  • $113,674FHLB advances
  • $166,515Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,220Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,570Restructured Loans and leases
  • $2,915Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,262Total interest income
  • $3,158Total interest expense
  • $5,104Net interest income
  • $2,786Provision for loan and lease losses
  • $362Total noninterest income
  • $0Fiduciary activities
  • $199Service charges on deposit accounts
  • $0Trading account gains & fees
  • $163Additional noninterest income
  • $7,262Total noninterest expense
  • $3,348Salaries and employee benefits
  • $1,068Premises and equipment expense
  • $2,846Additional noninterest expense
  • -$4,582Pre-tax net operating income
  • $129Securities gains (losses)
  • $0Applicable income taxes
  • -$4,453Income before extraordinary items
  • $0Extraordinary gains - net
  • -$4,453Net income attributable to bank
  • $0Net charge-offs
  • -$4,453Cash dividends
  • $3,946Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.87%Yield on earning assets
  • 1.86%Cost of funding earning assets
  • 3.01%Net interest margin
  • 0.21%Noninterest income to earning assets
  • 4.28%Noninterest expense to earning assets
  • -2.43%Net operating income to assets
  • -2.36%Return on assets (ROA)
  • -2.36%Pretax return on assets
  • -30.78%Return on equity (ROE)
  • -30.78%Retained earnings to average equity (YTD only)
  • 3.09%Net charge-offs to loans
  • 70.60%Credit loss provision to net charge-offs
  • -0.46%Efficiency ratio
  • 132,858Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 5.15%Loss allowance to noncurrent loans
  • 62.25%Noncurrent assets plus other real estate owned to assets
  • 6.27%Noncurrent loans to loans
  • 8.27%Net loans and leases to deposits
  • 70.99%Net loans and leases to core deposits
  • 77.40%Equity capital to assets
  • 7.65%Core capital (leverage) ratio
  • 7.34%Tier 1 risk-based capital ratio
  • 10.75%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $188,393Average earning assets
  • $14,469Average equity
  • $169,695Average loans

List of branches

  • 4 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0418778Bank Of Virginia11730 Hull Street Road, Midlothian, VA 23112January 12, 2004Full Service Brick and Mortar
    3452386Chester4023 West Hundred Rd., Chester, VA 23831May 01, 2006Full Service Brick and Mortar
    5465183Branchway Road Branch906 Branchway Road, Richmond, VA 23236June 25, 2007Full Service Brick and Mortar
    7480290Patterson Avenue Branch10501 Patterson Ave, Richmond, VA 23238January 07, 2008Full Service Brick and Mortar

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