First Savings Bank of Virginia in Springfield, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 31, 2000

  • First Savings Bank of Virginia in Springfield, Virginia (VA)
  • Show street view No street view available for this location

First Savings Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 32269
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern Financial Bank (#32470)
    Federal Reserve ID: 770871
    Date Established: January 31, 1985
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8073
    FDIC's unique #: 45103
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 31, 1985
    Last Structure Change Effective Date: August 31, 2000
    Last Structure Change Process Date: September 28, 2000
    Last Data Update: September 28, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 6551 Loisdale Court, Suite 150, Springfield, VA 22150
    County: Fairfax
    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): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $76.3 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, 1999)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $69,034Total assets
  • $7,602Cash and due from depository institutions
  • $6,104Interest-bearing balances
  • $12,296Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $47,683Net loans & leases
  • $481Loan loss allowance
  • $0Trading account assets
  • $512Bank premises and fixed assets
  • $158Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $783All other assets
  • $69,034Total liabilities and capital
  • $64,306Total liabilities
  • $55,153Total deposits
  • $49,375Interest-bearing deposits
  • $55,153Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,861Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $3,000Other borrowed funds
  • $0Subordinated debt
  • $292All other liabilities
  • $4,728Total equity capital
  • $4,728Total bank equity capital
  • $4,728Perpetual preferred stock
  • $0Common stock
  • $932Surplus
  • $3,276Undivided profits
  • Memoranda
  • $520Noncurrent loans and leases
  • $11,698Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,808Earning assets
  • $0Long-term assets (5+ years)
  • $354Average Assets, year-to-date
  • $66,083Average Assets, quarterly
  • $0Volatile liabilities
  • $69,903Insider loans
  • $71,743FHLB advances
  • $25,394Loans and leases held for sale
  • $842Unused loan commitments
  • $3,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,698Total unused commitments
  • $790Restructured Loans and leases
  • $481Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $5,228Total interest income
  • $2,881Total interest expense
  • $2,347Net interest income
  • $130Provision for loan and lease losses
  • $601Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $601Additional noninterest income
  • $2,231Total noninterest expense
  • $1,060Salaries and employee benefits
  • $556Premises and equipment expense
  • $615Additional noninterest expense
  • $587Pre-tax net operating income
  • $1Securities gains (losses)
  • $223Applicable income taxes
  • $365Income before extraordinary items
  • $0Extraordinary gains - net
  • $365Net 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, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.92%Yield on earning assets
  • 4.37%Cost of funding earning assets
  • 3.56%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.52%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 8.05%Return on equity (ROE)
  • 8.05%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 120.37%Credit loss provision to net charge-offs
  • 6.64%Efficiency ratio
  • 75,678Assets per employee
  • 2.76%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 26.60%Noncurrent assets plus other real estate owned to assets
  • 2.85%Noncurrent loans to loans
  • 3.75%Net loans and leases to deposits
  • 86.46%Net loans and leases to core deposits
  • 123.47%Equity capital to assets
  • 6.85%Core capital (leverage) ratio
  • 6.84%Tier 1 risk-based capital ratio
  • 11.71%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $69,903Average earning assets
  • $4,533Average equity
  • $65,974Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Savings Bank of Virginia.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents