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- Banks in Virginia (VA)
- First Virginia Bank-Central
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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- Banks in Virginia (VA)
- First Virginia Bank-Central
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