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

This bank is inactive as of November 15, 1996

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

  • General
  • FDIC Certificate #: 832
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crestar Bank (#12543)
    Federal Reserve ID: 47920
    Date Established: December 08, 1865
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 255 (Interstate: No)
    FDIC's unique #: 520
    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: November 15, 1996
    Last Structure Change Process Date: January 24, 1997
    Last Data Update: April 11, 1998
    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: $14,196.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $5,608Total assets
  • $13,557,742Cash and due from depository institutions
  • $1,004,635Interest-bearing balances
  • $40,000Securities
  • $2,206,176Federal funds sold & reverse repurchase agreements
  • $402,645Net loans & leases
  • $9,042,656Loan loss allowance
  • $196,121Trading account assets
  • $0Bank premises and fixed assets
  • $266,015Other real estate owned
  • $11,939Goodwill and other intangibles
  • $490,735Life insurance assets
  • $132,941All other assets
  • $0Total liabilities and capital
  • $13,557,742Total liabilities
  • $12,550,446Total deposits
  • $9,437,765Interest-bearing deposits
  • $7,019,478Deposits held in domestic offices
  • 9437765.00%% insured (estimated)
  • $80Federal funds purchased & repurchase agreements
  • $2,238,339Trading liabilities
  • $0Other borrowed funds
  • $39,640Subordinated debt
  • $213,000All other liabilities
  • $621,702Total equity capital
  • $621,702Total bank equity capital
  • $1,007,296Perpetual preferred stock
  • $0Common stock
  • $135,000Surplus
  • $211,639Undivided profits
  • Memoranda
  • $660,657Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $98,179Income earned, not collected on loans
  • $67,718Earning assets
  • $11,691,477Long-term assets (5+ years)
  • $2,357,880Average Assets, year-to-date
  • $12,616,077Average Assets, quarterly
  • $13,184,955Volatile liabilities
  • $2,549,620Insider loans
  • $9,168FHLB advances
  • $0Loans and leases held for sale
  • $460,796Unused loan commitments
  • $6,222,916Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $884,177Total risk weighted assets
  • $11,290,295Total unused commitments
  • $0Restructured Loans and leases
  • $2,030,664Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $935,764Total interest expense
  • $390,806Net interest income
  • $544,958Provision for loan and lease losses
  • $49,347Total noninterest income
  • $277,991Fiduciary activities
  • $36,728Service charges on deposit accounts
  • $70,633Trading account gains & fees
  • -$293Additional noninterest income
  • $170,923Total noninterest expense
  • $522,355Salaries and employee benefits
  • $263,712Premises and equipment expense
  • $60,421Additional noninterest expense
  • $198,222Pre-tax net operating income
  • $251,247Securities gains (losses)
  • -$2,370Applicable income taxes
  • $83,494Income before extraordinary items
  • $165,383Extraordinary gains - net
  • $0Net income attributable to bank
  • $165,383Net charge-offs
  • $51,139Cash dividends
  • $64,579Sale, conversion, retirement of capital stock, net
  • -$73,762Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.48%Cost of funding earning assets
  • 3.54%Net interest margin
  • 4.94%Noninterest income to earning assets
  • 2.52%Noninterest expense to earning assets
  • 4.73%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 1.97%Return on equity (ROE)
  • 16.82%Retained earnings to average equity (YTD only)
  • 10.25%Net charge-offs to loans
  • 0.57%Credit loss provision to net charge-offs
  • 96.50%Efficiency ratio
  • 61,829Assets per employee
  • 2.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 39.05%Loss allowance to loans
  • 2.12%Loss allowance to noncurrent loans
  • 199.76%Noncurrent assets plus other real estate owned to assets
  • 0.81%Noncurrent loans to loans
  • 1.06%Net loans and leases to deposits
  • 95.81%Net loans and leases to core deposits
  • 99.02%Equity capital to assets
  • 7.43%Core capital (leverage) ratio
  • 7.21%Tier 1 risk-based capital ratio
  • 7.83%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $12,616,077Average earning assets
  • $983,319Average equity
  • $11,032,783Average loans

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