Community Bank of Northern Virginia in Sterling, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 18, 2005

  • Community Bank of Northern Virginia in Sterling, Virginia (VA)
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Community Bank of Northern Virginia - Overview

  • General
  • FDIC Certificate #: 33583
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Mercantile-Safe Deposit and Trust Company (#20347)
    Federal Reserve ID: 1931941
    Date Established: Febuary 21, 1992
    WWW: http://www.cbnv.com
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 14 (Interstate: No)
    OTS Docket #: 12561
    FDIC's unique #: 47528
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: Febuary 21, 1992
    Last Structure Change Effective Date: May 18, 2005
    Last Structure Change Process Date: June 02, 2005
    Last Data Update: June 02, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 107 Free Court, Sterling, VA 20164
    County: Loudoun
    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): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $888.5 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, 2004)

  • Dollar figures in thousands
  • 134Total employees (full-time equivalent)
  • $879,919Total assets
  • $11,501Cash and due from depository institutions
  • $498Interest-bearing balances
  • $180,753Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $651,503Net loans & leases
  • $6,789Loan loss allowance
  • $0Trading account assets
  • $4,226Bank premises and fixed assets
  • $742Other real estate owned
  • $409Goodwill and other intangibles
  • $0Life insurance assets
  • $30,785All other assets
  • $879,919Total liabilities and capital
  • $819,559Total liabilities
  • $649,758Total deposits
  • $528,973Interest-bearing deposits
  • $649,758Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $10,250Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $142,135Other borrowed funds
  • $10,000Subordinated debt
  • $7,416All other liabilities
  • $60,360Total equity capital
  • $60,360Total bank equity capital
  • $60,360Perpetual preferred stock
  • $0Common stock
  • $3,389Surplus
  • $27,943Undivided profits
  • Memoranda
  • $29,028Noncurrent loans and leases
  • $162,290Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,390Earning assets
  • $0Long-term assets (5+ years)
  • $3,223Average Assets, year-to-date
  • $832,754Average Assets, quarterly
  • $228,203Volatile liabilities
  • $850,313Insider loans
  • $887,554FHLB advances
  • $198,101Loans and leases held for sale
  • $10,633Unused loan commitments
  • $135,214Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $432Total risk weighted assets
  • $162,290Total unused commitments
  • $2,276Restructured Loans and leases
  • $16,981Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $45,949Total interest income
  • $15,094Total interest expense
  • $30,855Net interest income
  • $4,600Provision for loan and lease losses
  • $2,249Total noninterest income
  • $0Fiduciary activities
  • $632Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,617Additional noninterest income
  • $15,918Total noninterest expense
  • $7,591Salaries and employee benefits
  • $2,836Premises and equipment expense
  • $5,491Additional noninterest expense
  • $12,586Pre-tax net operating income
  • $70Securities gains (losses)
  • $3,537Applicable income taxes
  • $9,119Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,119Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,078Sale, conversion, retirement of capital stock, net
  • $3,962Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.72%Yield on earning assets
  • 1.88%Cost of funding earning assets
  • 3.84%Net interest margin
  • 0.28%Noninterest income to earning assets
  • 1.98%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.49%Pretax return on assets
  • 15.79%Return on equity (ROE)
  • 8.93%Retained earnings to average equity (YTD only)
  • 0.67%Net charge-offs to loans
  • 112.80%Credit loss provision to net charge-offs
  • 4.21%Efficiency ratio
  • 48,085Assets per employee
  • 6.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.45%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 284.06%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 100.27%Net loans and leases to core deposits
  • 127.85%Equity capital to assets
  • 6.86%Core capital (leverage) ratio
  • 6.81%Tier 1 risk-based capital ratio
  • 8.48%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $850,313Average earning assets
  • $57,760Average equity
  • $802,842Average loans

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