Colonial Virginia Bank in Gloucester, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Colonial Virginia Bank in Gloucester, Virginia (VA)
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Colonial Virginia Bank - Overview

  • General
  • FDIC Certificate #: 57630
    Status: Active
    Federal Reserve ID: 3205909
    Date Established: November 06, 2003
    WWW: http://www.colonialvabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 418806
    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: November 06, 2003
    Last Structure Change Effective Date: April 27, 2006
    Last Structure Change Process Date: April 27, 2006
    Last Data Update: April 27, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 6720 Sutton Road, Gloucester, VA 23061
    County: Gloucester
    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: $130.3 mil
    Equity capital: $11.5 mil
    Deposits held in domestic offices: $109.6 mil
    Return on assets (ROA): -0.30% (-$0.4 mil)
    Quarterly return on assets: -2.02% (-$2.6 mil)
    Return on Equity (ROE): -3.12% (-$0.4 mil)
    Quarterly return on equity: -21.90% (-$2.6 mil)
    Net income: -$0.4 mil
    Quarterly Net income: -$0.7 mil
    Pretax return on assets: -0.47% (-$612.3 mil)
    Quarterly Pretax return on assets: -2.92% (-$3,803.8 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
  • 35Total employees (full-time equivalent)
  • $130,267Total assets
  • $8,940Cash and due from depository institutions
  • $767Interest-bearing balances
  • $18,072Securities
  • $10,631Federal funds sold & reverse repurchase agreements
  • $79,912Net loans & leases
  • $2,172Loan loss allowance
  • $0Trading account assets
  • $4,469Bank premises and fixed assets
  • $1,426Other real estate owned
  • $0Goodwill and other intangibles
  • $130,266Life insurance assets
  • $6,817All other assets
  • $118,731Total liabilities and capital
  • $109,561Total liabilities
  • $94,885Total deposits
  • $109,561Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $7,500Trading liabilities
  • $0Other borrowed funds
  • $1,670Subordinated debt
  • $11,535All other liabilities
  • $11,535Total equity capital
  • $11,535Total bank equity capital
  • $0Perpetual preferred stock
  • $3,051Common stock
  • $9,148Surplus
  • $-664Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,326Income earned, not collected on loans
  • $0Earning assets
  • $351Long-term assets (5+ years)
  • $109,382Average Assets, year-to-date
  • $43,602Average Assets, quarterly
  • $125,432Volatile liabilities
  • $128,495Insider loans
  • $90,005FHLB advances
  • $126,820Loans and leases held for sale
  • $3,713Unused loan commitments
  • $2,973Tier 1 (core) risk-based capital
  • $11,364Tier 2 risk-based capital
  • $740Total risk weighted assets
  • $0Total unused commitments
  • $14,205Restructured Loans and leases
  • $3,674Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,976Total interest income
  • $1,089Total interest expense
  • $4,887Net interest income
  • $1,976Provision for loan and lease losses
  • $522Total noninterest income
  • $0Fiduciary activities
  • $277Service charges on deposit accounts
  • $0Trading account gains & fees
  • $245Additional noninterest income
  • $4,341Total noninterest expense
  • $2,394Salaries and employee benefits
  • $344Premises and equipment expense
  • $1,603Additional noninterest expense
  • -$908Pre-tax net operating income
  • $323Securities gains (losses)
  • -$211Applicable income taxes
  • -$374Income before extraordinary items
  • $0Extraordinary gains - net
  • -$374Net income attributable to bank
  • $0Net charge-offs
  • -$374Cash dividends
  • $995Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.50%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • -0.46%Net operating income to assets
  • -0.30%Return on assets (ROA)
  • -0.47%Pretax return on assets
  • -3.12%Return on equity (ROE)
  • -3.12%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 198.59%Credit loss provision to net charge-offs
  • 1.07%Efficiency ratio
  • 80,255Assets per employee
  • 3.72%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.65%Loss allowance to noncurrent loans
  • 163.80%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 1.62%Net loans and leases to deposits
  • 72.94%Net loans and leases to core deposits
  • 79.79%Equity capital to assets
  • 8.85%Core capital (leverage) ratio
  • 8.96%Tier 1 risk-based capital ratio
  • 12.63%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $125,432Average earning assets
  • $12,000Average equity
  • $108,602Average loans

List of branches

  • 3 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0418806Colonial Virginia Bank6720 Sutton Road, Gloucester, VA 23061November 06, 2003Full Service Brick and Mortar
    1432060York River Office1553 George Washington Memorial Highway, Gloucester Point, VA 23062December 26, 2003Full Service Brick and Mortar
    2492691New Kent Office Branch7791 Invicta Lane, New Kent, VA 23124June 25, 2009Full Service Brick and Mortar

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