Fidelity Federal Savings Bank in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 17, 1998

  • Fidelity Federal Savings Bank in Richmond, Virginia (VA)
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Fidelity Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 32482
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 48972
    Date Established: June 24, 1986
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8314
    FDIC's unique #: 45316
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 24, 1986
    Last Structure Change Effective Date: April 17, 1998
    Last Structure Change Process Date: April 28, 1998
    Last Data Update: April 28, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 2809 Emorywood Parkway, Richmond, VA 23294
    County: Henrico
    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: $347.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 134Total employees (full-time equivalent)
  • $356,427Total assets
  • $12,767Cash and due from depository institutions
  • $7,024Interest-bearing balances
  • $26,935Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $270,189Net loans & leases
  • $4,326Loan loss allowance
  • $0Trading account assets
  • $4,071Bank premises and fixed assets
  • $665Other real estate owned
  • $36,653Goodwill and other intangibles
  • $0Life insurance assets
  • $5,147All other assets
  • $356,427Total liabilities and capital
  • $291,669Total liabilities
  • $255,701Total deposits
  • $240,068Interest-bearing deposits
  • $255,701Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $33,460Other borrowed funds
  • $0Subordinated debt
  • $2,508All other liabilities
  • $64,758Total equity capital
  • $64,758Total bank equity capital
  • $64,758Perpetual preferred stock
  • $0Common stock
  • $2,150Surplus
  • $61,246Undivided profits
  • Memoranda
  • $1,362Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,861Earning assets
  • $0Long-term assets (5+ years)
  • $1,786Average Assets, year-to-date
  • $304,148Average Assets, quarterly
  • $0Volatile liabilities
  • $353,409Insider loans
  • $357,778FHLB advances
  • $65,034Loans and leases held for sale
  • $948Unused loan commitments
  • $28,460Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $53,090Total unused commitments
  • $0Restructured Loans and leases
  • $230,020Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $22,545Total interest income
  • $11,905Total interest expense
  • $10,640Net interest income
  • $605Provision for loan and lease losses
  • $982Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $982Additional noninterest income
  • $8,195Total noninterest expense
  • $3,757Salaries and employee benefits
  • $1,524Premises and equipment expense
  • $2,914Additional noninterest expense
  • $2,822Pre-tax net operating income
  • $441Securities gains (losses)
  • $1,985Applicable income taxes
  • $1,278Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,278Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$108Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.33%Yield on earning assets
  • 3.87%Cost of funding earning assets
  • 3.46%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.67%Noninterest expense to earning assets
  • 0.28%Net operating income to assets
  • 0.36%Return on assets (ROA)
  • 0.92%Pretax return on assets
  • 2.27%Return on equity (ROE)
  • 2.27%Retained earnings to average equity (YTD only)
  • -0.04%Net charge-offs to loans
  • -560.19%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 52,306Assets per employee
  • 2.66%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 232.46%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.68%Net loans and leases to deposits
  • 105.67%Net loans and leases to core deposits
  • 120.55%Equity capital to assets
  • 18.17%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 12.28%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $353,409Average earning assets
  • $56,360Average equity
  • $307,483Average loans

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