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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Central Fidelity National Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents