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- Banks in Virginia (VA)
- First Colonial Bank
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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- Banks in Virginia (VA)
- First Colonial Bank
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