First Virginia Bank-Central in Albemarle County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 17, 1996

  • First Virginia Bank-Central in Albemarle County, Virginia (VA)
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First Virginia Bank-Central - Overview

  • General
  • FDIC Certificate #: 19232
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Virginia Bank - Blue Ridge (#6134)
    Federal Reserve ID: 970729
    Date Established: September 11, 1964
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Interstate: No)
    FDIC's unique #: 13048
    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: September 11, 1964
    Last Structure Change Effective Date: June 17, 1996
    Last Structure Change Process Date: July 24, 1996
    Last Data Update: July 24, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 120 Seminole Court, Albemarle County, VA 22906
    County: Albemarle
    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): Charlottesville, VA (#1540)
    Core Based Statistical Area (CBSA): Charlottesville, VA (#16820)
    CBSA Metro Statistical Area: Charlottesville, VA (#16820)
  • Financial Summary
  • Total assets: $114.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $51Total assets
  • $112,702Cash and due from depository institutions
  • $4,935Interest-bearing balances
  • $0Securities
  • $34,032Federal funds sold & reverse repurchase agreements
  • $1,270Net loans & leases
  • $67,961Loan loss allowance
  • $702Trading account assets
  • $0Bank premises and fixed assets
  • $3,295Other real estate owned
  • $30Goodwill and other intangibles
  • $1,179Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $112,702Total liabilities
  • $104,860Total deposits
  • $103,536Interest-bearing deposits
  • $85,580Deposits held in domestic offices
  • 103536.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $460Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $864Total equity capital
  • $864Total bank equity capital
  • $7,842Perpetual preferred stock
  • $0Common stock
  • $3,600Surplus
  • $1,000Undivided profits
  • Memoranda
  • $3,242Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $42Income earned, not collected on loans
  • $115Earning assets
  • $103,263Long-term assets (5+ years)
  • $23,781Average Assets, year-to-date
  • $108,920Average Assets, quarterly
  • $113,100Volatile liabilities
  • $5,067Insider loans
  • $2,493FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $11,999Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $7,842Total risk weighted assets
  • $62,560Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $7,447Total interest expense
  • $2,973Net interest income
  • $4,474Provision for loan and lease losses
  • -$26Total noninterest income
  • $1,118Fiduciary activities
  • $0Service charges on deposit accounts
  • $787Trading account gains & fees
  • $0Additional noninterest income
  • $331Total noninterest expense
  • $3,681Salaries and employee benefits
  • $1,414Premises and equipment expense
  • $405Additional noninterest expense
  • $1,862Pre-tax net operating income
  • $1,937Securities gains (losses)
  • $0Applicable income taxes
  • $620Income before extraordinary items
  • $1,317Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,317Net charge-offs
  • $1Cash dividends
  • $757Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.51%Cost of funding earning assets
  • 3.00%Net interest margin
  • 4.51%Noninterest income to earning assets
  • 1.13%Noninterest expense to earning assets
  • 3.71%Net operating income to assets
  • 1.21%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 1.78%Return on equity (ROE)
  • 17.67%Retained earnings to average equity (YTD only)
  • 7.51%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • -2600.00%Efficiency ratio
  • 65,826Assets per employee
  • 2.21%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.48%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 1671.43%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 65.64%Net loans and leases to core deposits
  • 68.70%Equity capital to assets
  • 6.96%Core capital (leverage) ratio
  • 7.05%Tier 1 risk-based capital ratio
  • 12.54%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $108,920Average earning assets
  • $7,455Average equity
  • $99,151Average loans

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