Crestar Bank in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 2000

  • Crestar Bank in Richmond, Virginia (VA)
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Crestar Bank - Overview

  • General
  • FDIC Certificate #: 12543
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: SunTrust Bank (#867)
    Federal Reserve ID: 47920
    Date Established: January 01, 1867
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 392 (Interstate: No)
    OTS Docket #: 9513
    FDIC's unique #: 7978
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 01, 2000
    Last Structure Change Process Date: March 29, 2000
    Last Data Update: March 29, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 919 East Main 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: $27,301.4 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 7,928Total employees (full-time equivalent)
  • $27,301,368Total assets
  • $1,240,645Cash and due from depository institutions
  • $2,663Interest-bearing balances
  • $4,747,159Securities
  • $43,285Federal funds sold & reverse repurchase agreements
  • $19,669,390Net loans & leases
  • $248,006Loan loss allowance
  • $0Trading account assets
  • $435,343Bank premises and fixed assets
  • $13,970Other real estate owned
  • $464,103Goodwill and other intangibles
  • $0Life insurance assets
  • $687,473All other assets
  • $27,301,368Total liabilities and capital
  • $25,281,928Total liabilities
  • $17,508,849Total deposits
  • $13,701,314Interest-bearing deposits
  • $17,508,849Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,436,824Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $1,236,837Other borrowed funds
  • $616,818Subordinated debt
  • $482,600All other liabilities
  • $2,019,440Total equity capital
  • $2,019,440Total bank equity capital
  • $2,019,440Perpetual preferred stock
  • $0Common stock
  • $146,955Surplus
  • $387,859Undivided profits
  • Memoranda
  • $1,484,626Noncurrent loans and leases
  • $8,358,893Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $149,278Earning assets
  • $39Long-term assets (5+ years)
  • $135,730Average Assets, year-to-date
  • $24,462,497Average Assets, quarterly
  • $5,493,743Volatile liabilities
  • $26,579,973Insider loans
  • $26,480,311FHLB advances
  • $7,841,511Loans and leases held for sale
  • $12,379Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $6,257,556Tier 2 risk-based capital
  • $1,469,975Total risk weighted assets
  • $8,358,893Total unused commitments
  • $0Restructured Loans and leases
  • $570,069Derivatives
  • $16,739Total assets and liabilities in foreign offices

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $1,791,299Total interest income
  • $837,231Total interest expense
  • $954,068Net interest income
  • $33,993Provision for loan and lease losses
  • $570,898Total noninterest income
  • $86,469Fiduciary activities
  • $152,930Service charges on deposit accounts
  • $2,893Trading account gains & fees
  • $328,606Additional noninterest income
  • $916,541Total noninterest expense
  • $463,727Salaries and employee benefits
  • $116,553Premises and equipment expense
  • $336,261Additional noninterest expense
  • $574,432Pre-tax net operating income
  • -$53,408Securities gains (losses)
  • $180,106Applicable income taxes
  • $340,918Income before extraordinary items
  • $66,424Extraordinary gains - net
  • $407,342Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $53,775Sale, conversion, retirement of capital stock, net
  • $272,000Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.50%Yield on earning assets
  • 3.51%Cost of funding earning assets
  • 3.99%Net interest margin
  • 2.39%Noninterest income to earning assets
  • 3.84%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 2.21%Pretax return on assets
  • 20.47%Return on equity (ROE)
  • 6.80%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 63.21%Credit loss provision to net charge-offs
  • 11.31%Efficiency ratio
  • 55,182Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.77%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 166.14%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.75%Net loans and leases to deposits
  • 112.34%Net loans and leases to core deposits
  • 121.61%Equity capital to assets
  • 7.40%Core capital (leverage) ratio
  • 7.42%Tier 1 risk-based capital ratio
  • 8.29%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $26,579,973Average earning assets
  • $1,989,966Average equity
  • $23,884,408Average loans

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