Central Fidelity National Bank in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 20, 1998

  • Central Fidelity National Bank in Richmond, Virginia (VA)
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Central Fidelity National Bank - Overview

  • General
  • FDIC Certificate #: 19887
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wachovia Bank, National Association (#817)
    Federal Reserve ID: 967626
    Date Established: January 02, 1969
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 229 (Interstate: No)
    OTS Docket #: 11758
    FDIC's unique #: 13672
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 02, 1969
    Last Structure Change Effective Date: March 20, 1998
    Last Structure Change Process Date: April 09, 1998
    Last Data Update: April 09, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1021 East Cary 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 Summary
  • Total assets: $10,663.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 3,633Total employees (full-time equivalent)
  • $10,663,480Total assets
  • $652,835Cash and due from depository institutions
  • $0Interest-bearing balances
  • $2,594,633Securities
  • $830,000Federal funds sold & reverse repurchase agreements
  • $6,234,534Net loans & leases
  • $63,418Loan loss allowance
  • $6,043Trading account assets
  • $116,635Bank premises and fixed assets
  • $12,059Other real estate owned
  • $52,920Goodwill and other intangibles
  • $0Life insurance assets
  • $163,821All other assets
  • $10,663,480Total liabilities and capital
  • $9,890,834Total liabilities
  • $7,772,953Total deposits
  • $6,528,329Interest-bearing deposits
  • $7,772,953Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $937,364Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $755,323Other borrowed funds
  • $150,000Subordinated debt
  • $275,194All other liabilities
  • $772,646Total equity capital
  • $772,646Total bank equity capital
  • $772,646Perpetual preferred stock
  • $0Common stock
  • $167,275Surplus
  • $174,376Undivided profits
  • Memoranda
  • $430,995Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $65,137Earning assets
  • $0Long-term assets (5+ years)
  • $37,714Average Assets, year-to-date
  • $9,665,210Average Assets, quarterly
  • $3,186,736Volatile liabilities
  • $10,578,159Insider loans
  • $10,612,905FHLB advances
  • $2,323,361Loans and leases held for sale
  • $35,317Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $22,515Total risk weighted assets
  • $3,299,119Total unused commitments
  • $0Restructured Loans and leases
  • $8,087,378Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $801,949Total interest income
  • $398,321Total interest expense
  • $403,628Net interest income
  • $9,762Provision for loan and lease losses
  • $122,294Total noninterest income
  • $18,772Fiduciary activities
  • $42,152Service charges on deposit accounts
  • $802Trading account gains & fees
  • $60,568Additional noninterest income
  • $456,118Total noninterest expense
  • $266,749Salaries and employee benefits
  • $58,963Premises and equipment expense
  • $130,406Additional noninterest expense
  • $60,042Pre-tax net operating income
  • -$1,496Securities gains (losses)
  • $26,636Applicable income taxes
  • $31,910Income before extraordinary items
  • $0Extraordinary gains - net
  • $31,910Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $56,344Sale, conversion, retirement of capital stock, net
  • $68,400Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.19%Yield on earning assets
  • 4.07%Cost of funding earning assets
  • 4.12%Net interest margin
  • 1.25%Noninterest income to earning assets
  • 4.66%Noninterest expense to earning assets
  • 0.31%Net operating income to assets
  • 0.30%Return on assets (ROA)
  • 0.55%Pretax return on assets
  • 3.98%Return on equity (ROE)
  • -4.55%Retained earnings to average equity (YTD only)
  • 0.83%Net charge-offs to loans
  • 17.33%Credit loss provision to net charge-offs
  • 1.24%Efficiency ratio
  • 85,087Assets per employee
  • 2.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 214.35%Loss allowance to loans
  • 1.01%Loss allowance to noncurrent loans
  • 97.36%Noncurrent assets plus other real estate owned to assets
  • 0.72%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 80.21%Net loans and leases to core deposits
  • 89.81%Equity capital to assets
  • 7.25%Core capital (leverage) ratio
  • 7.08%Tier 1 risk-based capital ratio
  • 8.89%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $10,578,159Average earning assets
  • $802,080Average equity
  • $9,797,315Average loans
1
JacqueLyn C Liverman
My mother has an account with this bank and she has passed away quite a few years ago and I just found her checks can someone please tell me if she still has an account open her name was Jean Artmeier could you please call me at 757-630-5509 my name is Jackie I would appreciate it very much

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