First Capital Bank in Glen Allen, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Capital Bank - Overview

  • General
  • FDIC Certificate #: 34802
    Status: Active
    Federal Reserve ID: 2742153
    Bank Holding Company (Regulatory Top Holder): First Capital Bancorp, Inc. (RSSDID: 3454172, Location: Glen Allen, VA)
    Date Established: December 18, 1998
    WWW: http://www.1capitalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Domestic: 7, Interstate: No)
    FDIC's unique #: 61650
    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: December 18, 1998
    Last Structure Change Effective Date: August 25, 2008
    Last Structure Change Process Date: March 04, 2010
    Last Data Update: March 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 11001 West Broad Street, Glen Allen, VA 23060
    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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $541.4 mil
    Equity capital: $45.0 mil
    Deposits held in domestic offices: $441.7 mil
    Return on assets (ROA): -0.54% (-$2.9 mil)
    Quarterly return on assets: 0.31% ($1.7 mil)
    Return on Equity (ROE): -6.19% (-$2.8 mil)
    Quarterly return on equity: 3.73% ($1.7 mil)
    Net income: -$2.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.88% (-$4,764.0 mil)
    Quarterly Pretax return on assets: 0.40% ($2,165.5 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
  • 96Total employees (full-time equivalent)
  • $541,366Total assets
  • $50,360Cash and due from depository institutions
  • $41,172Interest-bearing balances
  • $86,919Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $362,146Net loans & leases
  • $9,271Loan loss allowance
  • $0Trading account assets
  • $11,273Bank premises and fixed assets
  • $7,646Other real estate owned
  • $0Goodwill and other intangibles
  • $541,366Life insurance assets
  • $23,022All other assets
  • $496,321Total liabilities and capital
  • $441,653Total liabilities
  • $394,267Total deposits
  • $441,653Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 1608.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $50,000Trading liabilities
  • $2,000Other borrowed funds
  • $1,060Subordinated debt
  • $45,045All other liabilities
  • $45,045Total equity capital
  • $45,045Total bank equity capital
  • $0Perpetual preferred stock
  • $7,184Common stock
  • $36,676Surplus
  • $1,185Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,366Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17,691Income earned, not collected on loans
  • $0Earning assets
  • $1,689Long-term assets (5+ years)
  • $490,237Average Assets, year-to-date
  • $86,833Average Assets, quarterly
  • $533,284Volatile liabilities
  • $538,347Insider loans
  • $389,564FHLB advances
  • $539,694Loans and leases held for sale
  • $8,917Unused loan commitments
  • $8,917Tier 1 (core) risk-based capital
  • $44,402Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $52,036Restructured Loans and leases
  • $6,975Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $24,324Total interest income
  • $8,281Total interest expense
  • $16,043Net interest income
  • $9,441Provision for loan and lease losses
  • $254Total noninterest income
  • $0Fiduciary activities
  • $323Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$69Additional noninterest income
  • $12,609Total noninterest expense
  • $6,398Salaries and employee benefits
  • $1,409Premises and equipment expense
  • $4,802Additional noninterest expense
  • -$5,753Pre-tax net operating income
  • $1,079Securities gains (losses)
  • -$1,788Applicable income taxes
  • -$2,886Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,886Net income attributable to bank
  • $0Net charge-offs
  • -$2,886Cash dividends
  • $11,206Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.97%Yield on earning assets
  • 1.69%Cost of funding earning assets
  • 3.28%Net interest margin
  • 0.05%Noninterest income to earning assets
  • 2.58%Noninterest expense to earning assets
  • -0.67%Net operating income to assets
  • -0.54%Return on assets (ROA)
  • -0.88%Pretax return on assets
  • -6.19%Return on equity (ROE)
  • -6.19%Retained earnings to average equity (YTD only)
  • 2.92%Net charge-offs to loans
  • 84.25%Credit loss provision to net charge-offs
  • 0.33%Efficiency ratio
  • 77,370Assets per employee
  • 5.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.50%Loss allowance to noncurrent loans
  • 52.41%Noncurrent assets plus other real estate owned to assets
  • 4.68%Noncurrent loans to loans
  • 4.76%Net loans and leases to deposits
  • 82.00%Net loans and leases to core deposits
  • 100.56%Equity capital to assets
  • 8.32%Core capital (leverage) ratio
  • 8.23%Tier 1 risk-based capital ratio
  • 11.40%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $533,284Average earning assets
  • $46,653Average equity
  • $489,472Average loans

List of branches

  • 7 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061650First Capital Bank11001 West Broad Street, Glen Allen, VA 23060December 18, 1998Full Service Brick and Mortar
    1423260Ashland Branch409 South Washington Highway, Ashland, VA 23005December 18, 2000Full Service Brick and Mortar
    2423261Chesterfield Town Center Branchq1580 Koger Center Boulevard, Richmond, VA 23235July 22, 2003Full Service Brick and Mortar
    3429960Staples Mill Branch1776 Staples Mill, Richmond, VA 23230March 15, 2004Full Service Brick and Mortar
    5465813James Center Branch901 E. Cary Street, Richmond, VA 23219March 12, 2007Full Service Brick and Mortar
    6465814Three Chopt Branch7100 Three Chopt Road, Richmond, VA 23226September 15, 2006Full Service Brick and Mortar
    7478474Bon Air Branch2810 Buford Road, Richmond, VA 23235June 01, 2008Full Service Brick and Mortar

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