Consolidated Bank and Trust Company in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 2011

  • Consolidated Bank and Trust Company in Richmond, Virginia (VA)
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Consolidated Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 11583
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier Bank, Inc. (#34837)
    Federal Reserve ID: 517423
    Date Established: July 31, 1903
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Interstate: No)
    FDIC's unique #: 7401
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 08, 2011
    Last Structure Change Process Date: April 26, 2011
    Last Data Update: April 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 320 North First 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: $71.5 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, 2010)

  • Dollar figures in thousands
  • 23Total employees (full-time equivalent)
  • $76,621Total assets
  • $12,483Cash and due from depository institutions
  • $11,824Interest-bearing balances
  • $13,660Securities
  • $257Federal funds sold & reverse repurchase agreements
  • $44,415Net loans & leases
  • $244Loan loss allowance
  • $0Trading account assets
  • $2,887Bank premises and fixed assets
  • $1,060Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,859All other assets
  • $76,621Total liabilities and capital
  • $69,083Total liabilities
  • $68,722Total deposits
  • $52,242Interest-bearing deposits
  • $68,722Deposits held in domestic offices
  • 95.92%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $361All other liabilities
  • $7,538Total equity capital
  • $7,538Total bank equity capital
  • $7,538Perpetual preferred stock
  • $0Common stock
  • $1,391Surplus
  • $5,083Undivided profits
  • Memoranda
  • $1,064Noncurrent loans and leases
  • $1,233Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $5,295Earning assets
  • $0Long-term assets (5+ years)
  • $255Average Assets, year-to-date
  • $70,156Average Assets, quarterly
  • $13,936Volatile liabilities
  • $75,656Insider loans
  • $74,330FHLB advances
  • $9,383Loans and leases held for sale
  • $1,232Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,233Total unused commitments
  • $0Restructured Loans and leases
  • $244Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $4,033Total interest income
  • $327Total interest expense
  • $3,706Net interest income
  • $167Provision for loan and lease losses
  • $427Total noninterest income
  • $0Fiduciary activities
  • $336Service charges on deposit accounts
  • $0Trading account gains & fees
  • $91Additional noninterest income
  • $2,637Total noninterest expense
  • $1,064Salaries and employee benefits
  • $475Premises and equipment expense
  • $1,098Additional noninterest expense
  • $1,329Pre-tax net operating income
  • $0Securities gains (losses)
  • $451Applicable income taxes
  • $878Income before extraordinary items
  • $0Extraordinary gains - net
  • $878Net income attributable to bank
  • $0Net charge-offs
  • $878Cash dividends
  • -$24Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.93%Yield on earning assets
  • 0.48%Cost of funding earning assets
  • 5.45%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.88%Noninterest expense to earning assets
  • 1.16%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.76%Pretax return on assets
  • 12.34%Return on equity (ROE)
  • 12.34%Retained earnings to average equity (YTD only)
  • -0.05%Net charge-offs to loans
  • -695.83%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 63,804Assets per employee
  • 3.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.55%Loss allowance to noncurrent loans
  • 4.61%Noncurrent assets plus other real estate owned to assets
  • 8.29%Noncurrent loans to loans
  • 11.86%Net loans and leases to deposits
  • 64.63%Net loans and leases to core deposits
  • 74.85%Equity capital to assets
  • 9.84%Core capital (leverage) ratio
  • 9.97%Tier 1 risk-based capital ratio
  • 15.86%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $75,656Average earning assets
  • $7,117Average equity
  • $67,972Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $220Managed Assets
  • 1Number of Accounts
  • $220Personal trust and agency accounts
  • $220Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 3Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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