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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