First Union National Bank of Virginia in city_name, state_name

First Union National Bank of Virginia in Roanoke County, Virginia (VA)
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First Union National Bank of Virginia - Overview

General
FDIC Certificate #: 6904
Status: Inactive
Closing history: Corrections
Acquiring institution: First Union National Bank (#4885)
Federal Reserve ID: 115025
Date Established: June 24, 1882
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 146 (Interstate: No)
OTS Docket #: 9199
FDIC's unique #: 4640
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: July 31, 1997
Last Structure Change Process Date: August 13, 1997
Last Data Update: August 13, 1997
Data Source Date: April 05, 2012
Location
Address: 7711 Plantation Road, N.W., Roanoke County, VA 24033
County: Roanoke City
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): Roanoke, VA (#6800)
Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
CBSA Metro Statistical Area: Roanoke, VA (#40220)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $10,080.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$3,344Total assets
$10,658,980Cash and due from depository institutions
$679,441Interest-bearing balances
$35,094Securities
$2,491,984Federal funds sold & reverse repurchase agreements
$50,427Net loans & leases
$6,877,426Loan loss allowance
$102,077Trading account assets
$0Bank premises and fixed assets
$157,299Other real estate owned
$10,100Goodwill and other intangibles
$232,063Life insurance assets
$160,240All other assets
$0Total liabilities and capital
$10,658,980Total liabilities
$9,836,561Total deposits
$6,814,336Interest-bearing deposits
$5,563,882Deposits held in domestic offices
6814336.00%% insured (estimated)
$87Federal funds purchased & repurchase agreements
$2,089,994Trading liabilities
$0Other borrowed funds
$504,707Subordinated debt
$160,000All other liabilities
$267,524Total equity capital
$267,524Total bank equity capital
$822,419Perpetual preferred stock
$0Common stock
$65,164Surplus
$729,855Undivided profits
Memoranda
$27,400Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$61,983Income earned, not collected on loans
$42,916Earning assets
$9,454,931Long-term assets (5+ years)
$3,503,545Average Assets, year-to-date
$10,752,521Average Assets, quarterly
$10,764,603Volatile liabilities
$2,758,177Insider loans
$124,655FHLB advances
$0Loans and leases held for sale
$1,232Unused loan commitments
$2,439,350Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$667,957Total risk weighted assets
$7,642,337Total unused commitments
$0Restructured Loans and leases
$1,536,780Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$747,833Total interest expense
$373,246Net interest income
$374,587Provision for loan and lease losses
-$52,000Total noninterest income
$141,741Fiduciary activities
$24,772Service charges on deposit accounts
$46,407Trading account gains & fees
-$1Additional noninterest income
$70,563Total noninterest expense
$314,236Salaries and employee benefits
$133,376Premises and equipment expense
$46,399Additional noninterest expense
$134,461Pre-tax net operating income
$254,092Securities gains (losses)
-$806Applicable income taxes
$87,348Income before extraordinary items
$165,938Extraordinary gains - net
$0Net income attributable to bank
$165,938Net charge-offs
$13,840Cash dividends
$149,000Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.97%Cost of funding earning assets
3.98%Net interest margin
3.99%Noninterest income to earning assets
1.51%Noninterest expense to earning assets
3.35%Net operating income to assets
1.55%Return on assets (ROA)
1.54%Pretax return on assets
2.36%Return on equity (ROE)
19.70%Retained earnings to average equity (YTD only)
2.01%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
-375.72%Efficiency ratio
56,248Assets per employee
3.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
89.79%Loss allowance to loans
1.46%Loss allowance to noncurrent loans
164.69%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.89%Net loans and leases to deposits
100.93%Net loans and leases to core deposits
105.77%Equity capital to assets
7.72%Core capital (leverage) ratio
6.30%Tier 1 risk-based capital ratio
8.74%Total risk-based capital ratio
Memoranda
$12Average assets
$10,752,521Average earning assets
$842,289Average equity
$9,386,670Average loans

ALEX GARCIA

⚠

Nov 16, 2021 @ 8:20 pm

I used to have a savings account at First American Bank. I wolud like to know if that account is still available. Thanks

First Union National Bank of Virginia in Roanoke County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Virginia - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Virginia in Roanoke County, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Union National Bank of Virginia - Overview

Assets and Liabilities (December 31, 1996)

Income and Expense (December 31, 1996)

Performance and Condition Ratios (December 31, 1996)

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

First Union National Bank of Virginia in Roanoke County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches