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)
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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

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