First Colonial Bank in Prince George, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 2001

  • First Colonial Bank in Prince George, Virginia (VA)
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First Colonial Bank - Overview

  • General
  • FDIC Certificate #: 31748
    Status: Inactive
    Closing history: Absorption - Without Assistance
    Acquiring institution: First Virginia Bank - Colonial (#20450)
    Federal Reserve ID: 177078
    Date Established: January 01, 1972
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    OTS Docket #: 7418
    FDIC's unique #: 44582
    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: Febuary 18, 1975
    Last Structure Change Effective Date: October 15, 2001
    Last Structure Change Process Date: Febuary 01, 2002
    Last Data Update: Febuary 01, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 5100 Oaklawn Boulevard, Prince George, VA 23875
    County: Prince George
    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: $183.8 mil

1992 - 1999 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, 2000)

  • Dollar figures in thousands
  • 57Total employees (full-time equivalent)
  • $163,440Total assets
  • $3,448Cash and due from depository institutions
  • $0Interest-bearing balances
  • $34,186Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $121,962Net loans & leases
  • $1,628Loan loss allowance
  • $0Trading account assets
  • $1,601Bank premises and fixed assets
  • $51Other real estate owned
  • $93Goodwill and other intangibles
  • $0Life insurance assets
  • $2,099All other assets
  • $163,440Total liabilities and capital
  • $148,985Total liabilities
  • $135,221Total deposits
  • $123,310Interest-bearing deposits
  • $135,221Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $3,975Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,000Other borrowed funds
  • $0Subordinated debt
  • $789All other liabilities
  • $14,455Total equity capital
  • $14,455Total bank equity capital
  • $14,455Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $500Undivided profits
  • Memoranda
  • $11,955Noncurrent loans and leases
  • $11,729Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $248Earning assets
  • $0Long-term assets (5+ years)
  • $855Average Assets, year-to-date
  • $156,148Average Assets, quarterly
  • $60,418Volatile liabilities
  • $160,426Insider loans
  • $162,149FHLB advances
  • $33,014Loans and leases held for sale
  • $1,829Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,729Total unused commitments
  • $0Restructured Loans and leases
  • $1,388Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $12,615Total interest income
  • $6,513Total interest expense
  • $6,102Net interest income
  • $120Provision for loan and lease losses
  • $1,075Total noninterest income
  • $0Fiduciary activities
  • $760Service charges on deposit accounts
  • $0Trading account gains & fees
  • $315Additional noninterest income
  • $4,247Total noninterest expense
  • $1,881Salaries and employee benefits
  • $367Premises and equipment expense
  • $1,999Additional noninterest expense
  • $2,810Pre-tax net operating income
  • $0Securities gains (losses)
  • $910Applicable income taxes
  • $1,900Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,900Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $35Sale, conversion, retirement of capital stock, net
  • $924Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.23%Yield on earning assets
  • 4.25%Cost of funding earning assets
  • 3.98%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 2.77%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 14.33%Return on equity (ROE)
  • 7.36%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 342.86%Credit loss provision to net charge-offs
  • 83.71%Efficiency ratio
  • 59,175Assets per employee
  • 2.87%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.63%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 656.45%Noncurrent assets plus other real estate owned to assets
  • 0.18%Noncurrent loans to loans
  • 0.20%Net loans and leases to deposits
  • 90.19%Net loans and leases to core deposits
  • 105.89%Equity capital to assets
  • 8.84%Core capital (leverage) ratio
  • 9.05%Tier 1 risk-based capital ratio
  • 13.21%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $160,426Average earning assets
  • $13,261Average equity
  • $153,245Average loans

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