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)
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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
    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

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