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

This bank is inactive as of October 10, 2003

  • First Virginia Bank in Falls Church, Virginia (VA)
  • Show street view No street view available for this location

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
    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

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


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Virginia Bank.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents