EVB in Tappahannock, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • EVB in Tappahannock, Virginia (VA)
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EVB - Overview

  • General
  • FDIC Certificate #: 11584
    Status: Active
    Federal Reserve ID: 790721
    Bank Holding Company (Regulatory Top Holder): Eastern Virginia Bankshares, Inc. (RSSDID: 2626691, Location: Tappahannock, VA)
    Date Established: January 01, 1910
    WWW: http://www.bankevb.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 28 (Domestic: 28, Interstate: No)
    OTS Docket #: 10642
    FDIC's unique #: 7402
    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: January 01, 1934
    Last Structure Change Effective Date: March 17, 2008
    Last Structure Change Process Date: August 25, 2008
    Last Data Update: August 25, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 307 Church Lane, Tappahannock, VA 22560
    County: Essex
    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
  • History of Changes
  • Office Purchased
  • Financial Summary
  • Total assets: $1,061.5 mil
    Equity capital: $101.8 mil
    Deposits held in domestic offices: $834.3 mil
    Return on assets (ROA): 0.19% ($2.0 mil)
    Quarterly return on assets: 0.28% ($3.0 mil)
    Return on Equity (ROE): 2.21% ($2.3 mil)
    Quarterly return on equity: 2.92% ($3.0 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.19% ($2,016.8 mil)
    Quarterly Pretax return on assets: 0.29% ($3,078.3 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, 2011)

  • Dollar figures in thousands
  • 307Total employees (full-time equivalent)
  • $1,061,468Total assets
  • $24,985Cash and due from depository institutions
  • $11,890Interest-bearing balances
  • $236,820Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $710,428Net loans & leases
  • $24,102Loan loss allowance
  • $0Trading account assets
  • $20,054Bank premises and fixed assets
  • $7,326Other real estate owned
  • $16,117Goodwill and other intangibles
  • $1,061,469Life insurance assets
  • $45,738All other assets
  • $959,668Total liabilities and capital
  • $834,270Total liabilities
  • $747,730Total deposits
  • $834,270Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 4003.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $117,500Trading liabilities
  • $0Other borrowed funds
  • $3,895Subordinated debt
  • $101,801All other liabilities
  • $101,801Total equity capital
  • $101,801Total bank equity capital
  • $0Perpetual preferred stock
  • $10,195Common stock
  • $64,903Surplus
  • $26,703Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $30,461Income earned, not collected on loans
  • $0Earning assets
  • $3,761Long-term assets (5+ years)
  • $959,138Average Assets, year-to-date
  • $420,506Average Assets, quarterly
  • $1,080,060Volatile liabilities
  • $1,066,577Insider loans
  • $713,555FHLB advances
  • $1,045,790Loans and leases held for sale
  • $10,345Unused loan commitments
  • $10,345Tier 1 (core) risk-based capital
  • $76,034Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $109,585Restructured Loans and leases
  • $13,599Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $49,538Total interest income
  • $14,672Total interest expense
  • $34,866Net interest income
  • $8,800Provision for loan and lease losses
  • $4,167Total noninterest income
  • $0Fiduciary activities
  • $3,443Service charges on deposit accounts
  • $0Trading account gains & fees
  • $724Additional noninterest income
  • $31,368Total noninterest expense
  • $14,978Salaries and employee benefits
  • $5,209Premises and equipment expense
  • $11,181Additional noninterest expense
  • -$1,135Pre-tax net operating income
  • $3,186Securities gains (losses)
  • -$46Applicable income taxes
  • $2,097Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,097Net income attributable to bank
  • $0Net charge-offs
  • $2,097Cash dividends
  • $9,986Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.10%Yield on earning assets
  • 1.51%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.43%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • -0.10%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.19%Pretax return on assets
  • 2.21%Return on equity (ROE)
  • 2.21%Retained earnings to average equity (YTD only)
  • 1.32%Net charge-offs to loans
  • 88.12%Credit loss provision to net charge-offs
  • 0.77%Efficiency ratio
  • 80,224Assets per employee
  • 3.46%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.28%Loss allowance to noncurrent loans
  • 79.12%Noncurrent assets plus other real estate owned to assets
  • 3.56%Noncurrent loans to loans
  • 4.15%Net loans and leases to deposits
  • 85.16%Net loans and leases to core deposits
  • 96.57%Equity capital to assets
  • 9.59%Core capital (leverage) ratio
  • 7.27%Tier 1 risk-based capital ratio
  • 10.66%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,080,060Average earning assets
  • $95,061Average equity
  • $971,916Average loans

List of branches

  • 28 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07402Evb307 Church Lane, Tappahannock, VA 22560January 01, 1910Full Service Brick and Mortar
    2225085Essex Square Branch1665 Tappahannock Boulevard, Tappahannock, VA 22560July 24, 1979Full Service Brick and Mortar
    3225086Hartfield Branch11290 General Puller Highway, Hartfield, VA 23071July 19, 1988Full Service Brick and Mortar
    4225087Urbanna Branch291 Virginia Street, Urbanna, VA 23175May 01, 1989Full Service Brick and Mortar
    5249508Bowling Green Branch202 North Main Street, Bowling Green, VA 22427September 29, 1980Full Service Brick and Mortar
    7225089Deltaville Branch16273 General Puller Highway, Deltaville, VA 23043September 15, 1997Full Service Brick and Mortar
    8225090Gloucester Court House Branch7132 George Washington Memorial Highway, Gloucester, VA 23061June 01, 1998Full Service Brick and Mortar
    11418725Gloucester Point Branch1953 George Washington Memorial Highway And State Route 1205, Gloucester Point, VA 23062Febuary 18, 2003Full Service Brick and Mortar
    121591Courtland Branch22241 Main Street, Courtland, VA 23837January 01, 1917Full Service Brick and Mortar
    13192641Courtland Drive-In Branch22510 Linden Street, Courtland, VA 23837October 09, 1978Limited Service Facility
    146384Waverly Branch209 West Main Street, Waverly, VA 23890June 12, 1933Full Service Brick and Mortar
    15221664Waverly Drive-In Branch233 South Country Drive, Waverly, VA 23890January 25, 1989Limited Service Facility
    161593Surry Branch176 Colonial Trail, East, Surry, VA 23883June 14, 1914Full Service Brick and Mortar
    17433858Central Garage Branch20 Commerce Lane, King William, VA 23086December 13, 2004Full Service Brick and Mortar
    18442634Glenn's Branch14833 George Washington Memorial Highway, Saluda, VA 23149June 01, 2005Full Service Brick and Mortar
    198952Heathsville Branch6958 Northumberland Hwy, Heathsville, VA 22473March 23, 1910Full Service Brick and Mortar
    20231323Callao Branch110 Northumberland Highway, Callao, VA 22435September 10, 1980Full Service Brick and Mortar
    21231324Burgess Branch14954 Northumberland Highway, Burgess, VA 22432December 20, 1984Full Service Brick and Mortar
    22257690Kilmarnock Branch437 North Main Street, Kilmarnock, VA 22482Febuary 29, 1988Full Service Brick and Mortar
    2381168Windmill Branch8123 Mechanicsville Turnpike, Mechanicsville, VA 23111May 22, 2000Full Service Brick and Mortar
    24225088Old Church4241 Mechanicsville Turnpike, Mechanicsville, VA 23111May 30, 1995Full Service Brick and Mortar
    25363488Kings Charter9495 Charter Gate Drive, Mechanicsville, VA 23116July 01, 2001Full Service Brick and Mortar
    26363489Ashland Branch201 North Washington Hwy., Ashland, VA 23005November 15, 2001Full Service Brick and Mortar
    27478814Quinton Branch3300 New Kent Highway Suite E, Quinton, VA 23141December 03, 2007Full Service Retail
    28365093Broad Street Branch8821 W Broad Street, Richmond, VA 23294June 28, 2002Full Service Brick and Mortar
    29419536Colonial Heights Branch3400 Boulevard, Colonial Heights, VA 23834October 01, 2002Full Service Brick and Mortar
    30493053General Administration Branch330 Hospital Road, Tappahannock, VA 22560January 20, 2009Limited Service Administrative
    31493823Retail Banking Branch330 Hospital Road, Tappahannock, VA 22560January 20, 2009Limited Service Administrative

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