First Vantage Bank /Tri-Cities in city_name, state_name - Detailed Financial Reports, Location

First Vantage Bank /Tri-Cities in Bristol, Virginia (VA)
Show street view No street view available for this location

First Vantage Bank /Tri-Cities - Overview

General
FDIC Certificate #: 9982
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 1017528
Date Established: April 16, 1906
WWW: http://www.firstvirginia.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 30 (Interstate: No)
FDIC's unique #: 6379
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: January 01, 1934
Last Structure Change Effective Date: October 10, 2003
Last Structure Change Process Date: November 04, 2003
Last Data Update: November 04, 2003
Data Source Date: April 05, 2012
Location
Address: 3000 Lee Highway, Bristol, VA 24202
County: Bristol
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): Johnson City-Kingsport-Bristol, TN-VA (#3660)
Combined Statistical Area (CSA): Johnson City-Kingsport-Bristol (Tri-Cities), TN-VA (#304)
Core Based Statistical Area (CBSA): Kingsport-Bristol-Bristol, TN-VA (#28700)
CBSA Metro Statistical Area: Kingsport-Bristol-Bristol, TN-VA (#28700)
Financial Summary
Total assets: $684.6 mil

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

2000 - 2011 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, 2002)

Dollar figures in thousands
254Total employees (full-time equivalent)
$631,181Total assets
$20,370Cash and due from depository institutions
$0Interest-bearing balances
$209,161Securities
$870Federal funds sold & reverse repurchase agreements
$376,718Net loans & leases
$4,229Loan loss allowance
$0Trading account assets
$8,675Bank premises and fixed assets
$562Other real estate owned
$5,287Goodwill and other intangibles
$0Life insurance assets
$9,538All other assets
$631,181Total liabilities and capital
$585,640Total liabilities
$502,825Total deposits
$413,089Interest-bearing deposits
$502,825Deposits held in domestic offices
0.00%% insured (estimated)
$51,814Federal funds purchased & repurchase agreements
$0Trading liabilities
$27,000Other borrowed funds
$0Subordinated debt
$4,001All other liabilities
$45,541Total equity capital
$45,541Total bank equity capital
$45,541Perpetual preferred stock
$0Common stock
$13,250Surplus
$23,586Undivided profits
Memoranda
$8,705Noncurrent loans and leases
$62,515Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,001Earning assets
$0Long-term assets (5+ years)
$2,383Average Assets, year-to-date
$586,749Average Assets, quarterly
$275,610Volatile liabilities
$644,224Insider loans
$634,452FHLB advances
$122,764Loans and leases held for sale
$4,766Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$62,515Total unused commitments
$0Restructured Loans and leases
$4,229Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$39,676Total interest income
$10,632Total interest expense
$29,044Net interest income
$303Provision for loan and lease losses
$5,141Total noninterest income
$0Fiduciary activities
$3,729Service charges on deposit accounts
$0Trading account gains & fees
$1,412Additional noninterest income
$22,133Total noninterest expense
$7,784Salaries and employee benefits
$2,232Premises and equipment expense
$12,117Additional noninterest expense
$11,749Pre-tax net operating income
$0Securities gains (losses)
$4,115Applicable income taxes
$7,634Income before extraordinary items
$0Extraordinary gains - net
$7,634Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$438Sale, conversion, retirement of capital stock, net
$6,300Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.60%Yield on earning assets
1.77%Cost of funding earning assets
4.83%Net interest margin
0.85%Noninterest income to earning assets
3.68%Noninterest expense to earning assets
1.18%Net operating income to assets
1.18%Return on assets (ROA)
1.82%Pretax return on assets
16.47%Return on equity (ROE)
2.88%Retained earnings to average equity (YTD only)
0.11%Net charge-offs to loans
69.18%Credit loss provision to net charge-offs
27.52%Efficiency ratio
61,375Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
82.53%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
422.48%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.26%Net loans and leases to deposits
74.92%Net loans and leases to core deposits
82.10%Equity capital to assets
7.22%Core capital (leverage) ratio
6.42%Tier 1 risk-based capital ratio
10.55%Total risk-based capital ratio
Memoranda
$12Average assets
$644,224Average earning assets
$46,339Average equity
$601,579Average loans

Total Fiduciary and Related Assets (December 31, 2002)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$71,094Managed Assets
1Number of Accounts
$71,059Personal trust and agency accounts
$24,762Employee benefit-defined contribution accounts
$82Employee benefit-defined benefit accounts
$0Other retirement accounts
$3,329Corporate trust and agency accounts
$0Investment management agency accounts
$42,886Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
83Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$35Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

First Vantage Bank /Tri-Cities in Bristol, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Vantage Bank /Tri-Cities - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Total Fiduciary and Related Assets (December 31, 2002)

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

First Vantage Bank /Tri-Cities in Bristol, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Vantage Bank /Tri-Cities - Overview

Assets and Liabilities (December 31, 2002)

Income and Expense (December 31, 2002)

Performance and Condition Ratios (December 31, 2002)

Total Fiduciary and Related Assets (December 31, 2002)

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

First Vantage Bank /Tri-Cities in Bristol, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches