Central Virginia Bank in Powhatan, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Central Virginia Bank - Overview

  • General
  • FDIC Certificate #: 21225
    Status: Active
    Federal Reserve ID: 436823
    Bank Holding Company (Regulatory Top Holder): Central Virginia Bankshares, Inc. (RSSDID: 1140677, Location: Powhatan, VA)
    Date Established: September 17, 1973
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 14110
    FDIC's unique #: 14678
    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: September 17, 1973
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2351 Anderson Hwy, Powhatan, VA 23139
    County: Powhatan
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $394.8 mil
    Equity capital: $17.1 mil
    Deposits held in domestic offices: $333.4 mil
    Return on assets (ROA): 0.26% ($1.0 mil)
    Quarterly return on assets: 0.18% ($0.7 mil)
    Return on Equity (ROE): 6.10% ($1.0 mil)
    Quarterly return on equity: 4.19% ($0.7 mil)
    Net income: $1.0 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.26% ($1,026.5 mil)
    Quarterly Pretax return on assets: 0.18% ($710.7 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, 2011)

  • Dollar figures in thousands
  • 82Total employees (full-time equivalent)
  • $394,809Total assets
  • $7,311Cash and due from depository institutions
  • $271Interest-bearing balances
  • $100,299Securities
  • $38,859Federal funds sold & reverse repurchase agreements
  • $215,093Net loans & leases
  • $9,322Loan loss allowance
  • $0Trading account assets
  • $8,117Bank premises and fixed assets
  • $6,809Other real estate owned
  • $67Goodwill and other intangibles
  • $394,809Life insurance assets
  • $18,254All other assets
  • $377,689Total liabilities and capital
  • $333,415Total liabilities
  • $295,649Total deposits
  • $333,415Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 1393.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $40,000Trading liabilities
  • $0Other borrowed funds
  • $2,881Subordinated debt
  • $17,120All other liabilities
  • $17,120Total equity capital
  • $17,120Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $19,672Surplus
  • $-3,552Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $350Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $24,246Income earned, not collected on loans
  • $0Earning assets
  • $1,263Long-term assets (5+ years)
  • $354,522Average Assets, year-to-date
  • $147,439Average Assets, quarterly
  • $401,735Volatile liabilities
  • $397,756Insider loans
  • $250,200FHLB advances
  • $394,744Loans and leases held for sale
  • $10,625Unused loan commitments
  • $5,721Tier 1 (core) risk-based capital
  • $21,384Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $4,904Total unused commitments
  • $42,298Restructured Loans and leases
  • $3,977Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,961Total interest income
  • $6,170Total interest expense
  • $10,791Net interest income
  • $2,360Provision for loan and lease losses
  • $3,059Total noninterest income
  • $0Fiduciary activities
  • $1,381Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,678Additional noninterest income
  • $12,289Total noninterest expense
  • $4,958Salaries and employee benefits
  • $1,257Premises and equipment expense
  • $6,074Additional noninterest expense
  • -$799Pre-tax net operating income
  • $1,830Securities gains (losses)
  • $0Applicable income taxes
  • $1,031Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,031Net income attributable to bank
  • $0Net charge-offs
  • $1,031Cash dividends
  • $3,562Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.69%Yield on earning assets
  • 1.71%Cost of funding earning assets
  • 2.98%Net interest margin
  • 0.85%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • -0.20%Net operating income to assets
  • 0.26%Return on assets (ROA)
  • 0.26%Pretax return on assets
  • 6.10%Return on equity (ROE)
  • 6.10%Retained earnings to average equity (YTD only)
  • 1.47%Net charge-offs to loans
  • 66.25%Credit loss provision to net charge-offs
  • 0.44%Efficiency ratio
  • 88,621Assets per employee
  • 4.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.15%Loss allowance to noncurrent loans
  • 38.45%Noncurrent assets plus other real estate owned to assets
  • 8.70%Noncurrent loans to loans
  • 10.80%Net loans and leases to deposits
  • 64.51%Net loans and leases to core deposits
  • 65.22%Equity capital to assets
  • 4.34%Core capital (leverage) ratio
  • 5.42%Tier 1 risk-based capital ratio
  • 8.55%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $401,735Average earning assets
  • $16,910Average equity
  • $361,605Average loans

List of branches

  • 8 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    014678Central Virginia Bank2351 Anderson Hwy, Powhatan, VA 23139September 17, 1973Full Service Brick and Mortar
    1252484Cartersville Branch2288 Cartersville Road, Cartersville, VA 23027June 21, 1985Full Service Brick and Mortar
    2252485Midlothian Branch13200 Midlothian Turnpike, Midlothian, VA 23113May 02, 1988Full Service Brick and Mortar
    5252487Brandermill Branch4901 Millridge Parkway East, Midlothian, VA 23112November 01, 1993Full Service Brick and Mortar
    6252488Corporate Operations Center Branch2036 New Dorset Road, Powhatan, VA 23139October 02, 1996Limited Service Administrative
    7252489Cumberland Branch1422 Anderson Hwy, Cumberland, VA 23040June 16, 1998Full Service Brick and Mortar
    8358255Wellesley Branch3490 Lauderdale Drive, Richmond, VA 23233September 27, 1999Full Service Brick and Mortar
    9430113Bellgrade Office Branch2500 Promenade Parkway, Midlothian, VA 23113March 29, 2004Full Service Brick and Mortar

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