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

This bank is inactive as of October 10, 2003

  • First Vantage Bank /Tri-Cities in Bristol, Virginia (VA)
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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

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