CENIT Bank in Norfolk, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 03, 2001

  • CENIT Bank in Norfolk, Virginia (VA)
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CENIT Bank - Overview

  • General
  • FDIC Certificate #: 28204
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SouthTrust Bank (#849)
    Federal Reserve ID: 685377
    Date Established: January 01, 1889
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1134
    FDIC's unique #: 41038
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: April 30, 1935
    Last Structure Change Effective Date: August 03, 2001
    Last Structure Change Process Date: November 16, 2001
    Last Data Update: November 16, 2001
    Data Source Date: April 05, 2012
  • Location
  • Address: 745 Duke Street, Norfolk, VA 23510
    County: Norfolk 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): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • Financial Summary
  • Total assets: $651.6 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 247Total employees (full-time equivalent)
  • $632,025Total assets
  • $23,165Cash and due from depository institutions
  • $2,262Interest-bearing balances
  • $99,033Securities
  • $6,384Federal funds sold & reverse repurchase agreements
  • $475,159Net loans & leases
  • $3,805Loan loss allowance
  • $0Trading account assets
  • $13,087Bank premises and fixed assets
  • $0Other real estate owned
  • $2,946Goodwill and other intangibles
  • $0Life insurance assets
  • $12,251All other assets
  • $632,025Total liabilities and capital
  • $582,021Total liabilities
  • $495,186Total deposits
  • $405,863Interest-bearing deposits
  • $495,186Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $13,369Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $70,000Other borrowed funds
  • $0Subordinated debt
  • $3,466All other liabilities
  • $50,004Total equity capital
  • $50,004Total bank equity capital
  • $50,004Perpetual preferred stock
  • $0Common stock
  • $3,161Surplus
  • $18,945Undivided profits
  • Memoranda
  • $27,898Noncurrent loans and leases
  • $119,549Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,681Earning assets
  • $0Long-term assets (5+ years)
  • $2,782Average Assets, year-to-date
  • $582,838Average Assets, quarterly
  • $0Volatile liabilities
  • $653,288Insider loans
  • $636,208FHLB advances
  • $212,034Loans and leases held for sale
  • $15,264Unused loan commitments
  • $70,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $119,549Total unused commitments
  • $0Restructured Loans and leases
  • $3,805Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $45,913Total interest income
  • $25,026Total interest expense
  • $20,887Net interest income
  • $48Provision for loan and lease losses
  • $6,704Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,704Additional noninterest income
  • $18,984Total noninterest expense
  • $8,535Salaries and employee benefits
  • $4,109Premises and equipment expense
  • $6,340Additional noninterest expense
  • $8,559Pre-tax net operating income
  • $535Securities gains (losses)
  • $3,273Applicable income taxes
  • $5,821Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,821Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $90Sale, conversion, retirement of capital stock, net
  • $6,970Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.62%Yield on earning assets
  • 4.15%Cost of funding earning assets
  • 3.46%Net interest margin
  • 1.11%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 0.84%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.39%Pretax return on assets
  • 11.78%Return on equity (ROE)
  • -2.33%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 53.33%Credit loss provision to net charge-offs
  • 95.63%Efficiency ratio
  • 67,551Assets per employee
  • 2.56%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 119.74%Loss allowance to loans
  • 0.79%Loss allowance to noncurrent loans
  • 226.35%Noncurrent assets plus other real estate owned to assets
  • 0.27%Noncurrent loans to loans
  • 0.35%Net loans and leases to deposits
  • 95.96%Net loans and leases to core deposits
  • 129.64%Equity capital to assets
  • 7.91%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 10.33%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $653,288Average earning assets
  • $49,416Average equity
  • $602,855Average loans

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