Branch Banking and Trust Company of Virginia in Richmond, Virginia (VA)



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Branch Banking and Trust Company of Virginia
GeneralFDIC Certificate #: 22584
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company (#9846)
Federal Reserve ID: 969723
Date Established: January 04, 1978
WWW: http://www.bbandt.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 401 (Interstate: No)
FDIC's unique #: 15752
Numeric code: 21
Regulator: FDIC
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: January 04, 1978
Last Structure Change Effective Date: December 31, 2006
Last Structure Change Process Date: January 23, 2007
Last Data Update: January 23, 2007
Data Source Date: April 05, 2012
LocationAddress: 823 E. Main Street, 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)
Financial SummaryTotal assets: $24,758.8 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)
Total employees (full-time equivalent)3,864
Total assets$22,505,908
Cash and due from depository institutions$684,168
Interest-bearing balances$500
Securities$7,809,887
Federal funds sold & reverse repurchase agreements$257,627
Net loans & leases$11,190,142
Loan loss allowance $114,290
Trading account assets$0
Bank premises and fixed assets$265,121
Other real estate owned$8,381
Goodwill and other intangibles$1,885,035
All other assets$405,547
Life insurance assets$0
Total liabilities and capital$22,505,908
Total liabilities$19,234,793
Total deposits$18,432,140
Interest-bearing deposits$14,058,037
Deposits held in domestic offices$18,432,140
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $588,924
Trading liabilities$0
Other borrowed funds $46,508
Subordinated debt $0
All other liabilities $167,221
Total equity capital$3,271,115
Total bank equity capital$3,271,115
Perpetual preferred stock$3,271,115
Common stock$0
Surplus$6,886
Undivided profits $3,218,890
Memoranda
Noncurrent loans and leases $45,339
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $4,668,696
Income earned, not collected on loans $0
Earning assets $24,529
Long-term assets (5+ years) $88
Average Assets, year-to-date $91,151
Average Assets, quarterly $19,258,156
Volatile liabilities $7,296,543
Insider loans $22,344,600
FHLB advances $22,628,917
Loans and leases held for sale $2,850,133
Unused loan commitments $28,539
Tier 1 (core) risk-based capital $8,235
Tier 2 risk-based capital $0
Total risk weighted assets $71
Total unused commitments $4,668,696
Restructured Loans and leases $442
Derivatives$114,878
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $1,024,590
Total interest expense $278,063
Net interest income $746,527
Provision for loan and lease losses $13,054
Total noninterest income $261,393
Fiduciary activities $17,554
Service charges on deposit accounts $138,955
Trading account gains & fees $0
Additional noninterest income $104,884
Total noninterest expense $481,613
Salaries and employee benefits $183,005
Premises and equipment expense $69,656
Additional noninterest expense $228,952
Pre-tax net operating income $513,253
Securities gains (losses) $6,466
Applicable income taxes $172,441
Income before extraordinary items $347,278
Extraordinary gains - net $0
Net income attributable to bank $347,278
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $8,012
Net operating income $309,245
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.31%
Cost of funding earning assets 1.44%
Net interest margin 3.87%
Noninterest income to earning assets 1.35%
Noninterest expense to earning assets 2.50%
Net operating income to assets 1.53%
Return on assets (ROA) 1.55%
Pretax return on assets 2.33%
Return on equity (ROE) 10.56%
Retained earnings to average equity (YTD only) 1.16%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 162.93%
Efficiency ratio65.69%
Assets per employee$44,251
Cash dividends to net income (YTD only)5.82%
Condition Ratios (%)
Loss allowance to loans 89.05%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 465.94%
Noncurrent loans to loans 0.15%
Net loans and leases to deposits0.22%
Net loans and leases to core deposits 60.71%
Equity capital to assets 69.04%
Core capital (leverage) ratio 14.53%
Tier 1 risk-based capital ratio 7.61%
Total risk-based capital ratio 11.62%
Memoranda
Average assets$12
Average earning assets$22,344,600
Average equity $3,287,640
Average loans $19,294,511
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Total Fiduciary and Related Assets (December 31, 2005)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$2,107,191
Number of Accounts1
Personal trust and agency accounts$1,877,593
Employee benefit-defined contribution accounts$1,019,570
Employee benefit-defined benefit accounts$71,888
Other retirement accounts$20,914
Corporate trust and agency accounts$274,558
Investment management agency accounts$0
Other fiduciary accounts$490,484
Fiduciary accounts held in foreign offices$0
Non-managed Assets$179
Number of Accounts3764
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$229,598
Corporate trust and agency accounts$45,808
Other fiduciary accounts$61,521
Fiduciary accounts held in foreign offices$44,583
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