First Virginia Bank in city_name, state_name - Detailed Financial Reports, Location

First Virginia Bank in Falls Church, Virginia (VA)
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First Virginia Bank - Overview

General
FDIC Certificate #: 17092
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 679125
Date Established: April 05, 1952
WWW: http://www.firstvirginia.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 90 (Interstate: No)
OTS Docket #: 13437
FDIC's unique #: 11142
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: April 05, 1952
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: 6400 Arlington Boulevard, Falls Church, VA 22042
County: Falls Church 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): 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: $5,526.1 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
1,081Total employees (full-time equivalent)
$4,505,616Total assets
$175,082Cash and due from depository institutions
$208Interest-bearing balances
$1,611,917Securities
$32,897Federal funds sold & reverse repurchase agreements
$2,574,979Net loans & leases
$28,874Loan loss allowance
$0Trading account assets
$31,269Bank premises and fixed assets
$0Other real estate owned
$8,025Goodwill and other intangibles
$0Life insurance assets
$71,447All other assets
$4,505,616Total liabilities and capital
$4,210,188Total liabilities
$3,878,232Total deposits
$2,896,729Interest-bearing deposits
$3,878,232Deposits held in domestic offices
0.00%% insured (estimated)
$253,471Federal funds purchased & repurchase agreements
$0Trading liabilities
$48,409Other borrowed funds
$0Subordinated debt
$30,076All other liabilities
$295,428Total equity capital
$295,428Total bank equity capital
$295,428Perpetual preferred stock
$0Common stock
$27,050Surplus
$39,276Undivided profits
Memoranda
$229,102Noncurrent loans and leases
$430,943Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$7,229Earning assets
$995Long-term assets (5+ years)
$26,711Average Assets, year-to-date
$4,220,001Average Assets, quarterly
$1,420,967Volatile liabilities
$4,258,716Insider loans
$4,424,236FHLB advances
$462,535Loans and leases held for sale
$21,477Unused loan commitments
$0Tier 1 (core) risk-based capital
$403Tier 2 risk-based capital
$2,953Total risk weighted assets
$430,943Total unused commitments
$563Restructured Loans and leases
$28,874Derivatives

Income and Expense (December 31, 2002)

Dollar figures in thousands
$240,386Total interest income
$43,761Total interest expense
$196,625Net interest income
$7,713Provision for loan and lease losses
$59,610Total noninterest income
$13,502Fiduciary activities
$25,557Service charges on deposit accounts
$0Trading account gains & fees
$20,551Additional noninterest income
$109,722Total noninterest expense
$46,090Salaries and employee benefits
$12,067Premises and equipment expense
$51,565Additional noninterest expense
$138,800Pre-tax net operating income
$0Securities gains (losses)
$45,240Applicable income taxes
$93,560Income before extraordinary items
$0Extraordinary gains - net
$93,560Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$7,502Sale, conversion, retirement of capital stock, net
$82,993Net operating income

Performance and Condition Ratios (December 31, 2002)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.01%Yield on earning assets
1.09%Cost of funding earning assets
4.91%Net interest margin
1.49%Noninterest income to earning assets
2.74%Noninterest expense to earning assets
2.20%Net operating income to assets
2.20%Return on assets (ROA)
3.26%Pretax return on assets
31.32%Return on equity (ROE)
3.54%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
102.81%Credit loss provision to net charge-offs
19.53%Efficiency ratio
42,751Assets per employee
4.17%Cash dividends to net income (YTD only)
Condition Ratios (%)
88.71%Loss allowance to loans
1.11%Loss allowance to noncurrent loans
399.42%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.28%Net loans and leases to deposits
66.40%Net loans and leases to core deposits
69.27%Equity capital to assets
6.56%Core capital (leverage) ratio
6.56%Tier 1 risk-based capital ratio
9.41%Total risk-based capital ratio
Memoranda
$10Average assets
$4,258,716Average earning assets
$298,706Average equity
$4,002,528Average 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
$1,221,465Managed Assets
1Number of Accounts
$1,209,403Personal trust and agency accounts
$515,181Employee benefit-defined contribution accounts
$192,912Employee benefit-defined benefit accounts
$159,995Other retirement accounts
$79,494Corporate trust and agency accounts
$0Investment management agency accounts
$261,821Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1596Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$12,062Other retirement accounts
$5,004Corporate trust and agency accounts
$2,133Other fiduciary accounts
$1,075Fiduciary accounts held in foreign offices

First Virginia Bank in Falls Church, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - 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 Virginia Bank in Falls Church, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Virginia Bank - 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 Virginia Bank in Falls Church, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches