First Virginia Bank - Blue Ridge in Staunton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 2003

  • First Virginia Bank - Blue Ridge in Staunton, Virginia (VA)
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First Virginia Bank - Blue Ridge - Overview

  • General
  • FDIC Certificate #: 6134
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 624826
    Date Established: January 01, 1890
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 27 (Interstate: No)
    FDIC's unique #: 4140
    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: 125 North Central Avenue, Staunton, VA 24401
    County: Staunton 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
    Core Based Statistical Area (CBSA): Staunton-Waynesboro, VA (#44420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $680.9 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
  • 235Total employees (full-time equivalent)
  • $582,367Total assets
  • $23,288Cash and due from depository institutions
  • $0Interest-bearing balances
  • $145,286Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $399,135Net loans & leases
  • $4,481Loan loss allowance
  • $0Trading account assets
  • $6,575Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $8,083All other assets
  • $582,367Total liabilities and capital
  • $547,300Total liabilities
  • $528,962Total deposits
  • $413,279Interest-bearing deposits
  • $528,962Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $5,064Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $9,000Other borrowed funds
  • $0Subordinated debt
  • $4,274All other liabilities
  • $35,067Total equity capital
  • $35,067Total bank equity capital
  • $35,067Perpetual preferred stock
  • $0Common stock
  • $10,330Surplus
  • $5,196Undivided profits
  • Memoranda
  • $19,541Noncurrent loans and leases
  • $76,645Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,389Earning assets
  • $0Long-term assets (5+ years)
  • $1,874Average Assets, year-to-date
  • $544,421Average Assets, quarterly
  • $253,094Volatile liabilities
  • $570,160Insider loans
  • $578,206FHLB advances
  • $39,783Loans and leases held for sale
  • $3,846Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $76,645Total unused commitments
  • $0Restructured Loans and leases
  • $4,481Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $36,553Total interest income
  • $9,003Total interest expense
  • $27,550Net interest income
  • $476Provision for loan and lease losses
  • $6,175Total noninterest income
  • $0Fiduciary activities
  • $3,899Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,276Additional noninterest income
  • $20,912Total noninterest expense
  • $8,161Salaries and employee benefits
  • $1,693Premises and equipment expense
  • $11,058Additional noninterest expense
  • $12,337Pre-tax net operating income
  • $0Securities gains (losses)
  • $4,240Applicable income taxes
  • $8,097Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,097Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $225Sale, conversion, retirement of capital stock, net
  • $6,500Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.86%Yield on earning assets
  • 1.69%Cost of funding earning assets
  • 5.17%Net interest margin
  • 1.16%Noninterest income to earning assets
  • 3.93%Noninterest expense to earning assets
  • 1.42%Net operating income to assets
  • 1.42%Return on assets (ROA)
  • 2.16%Pretax return on assets
  • 22.49%Return on equity (ROE)
  • 4.44%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 211.56%Credit loss provision to net charge-offs
  • 56.95%Efficiency ratio
  • 62,007Assets per employee
  • 2.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.28%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 322.61%Noncurrent assets plus other real estate owned to assets
  • 0.24%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 75.46%Net loans and leases to core deposits
  • 79.31%Equity capital to assets
  • 6.02%Core capital (leverage) ratio
  • 6.05%Tier 1 risk-based capital ratio
  • 9.18%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $570,160Average earning assets
  • $35,996Average equity
  • $532,675Average loans

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