First Virginia Bank - Colonial in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 2003

  • First Virginia Bank - Colonial in Richmond, Virginia (VA)
  • Show street view No street view available for this location

First Virginia Bank - Colonial - Overview

  • General
  • FDIC Certificate #: 20450
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 161527
    Date Established: June 25, 1971
    WWW: http://www.firstvirginia.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 43 (Interstate: No)
    FDIC's unique #: 14099
    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: June 25, 1971
    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: 700 East Main Street, Richmond, VA 23219
    County: Richmond 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): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • Financial Summary
  • Total assets: $1,081.9 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
  • 332Total employees (full-time equivalent)
  • $970,670Total assets
  • $32,822Cash and due from depository institutions
  • $53Interest-bearing balances
  • $330,596Securities
  • $2,010Federal funds sold & reverse repurchase agreements
  • $550,380Net loans & leases
  • $6,493Loan loss allowance
  • $0Trading account assets
  • $16,431Bank premises and fixed assets
  • $176Other real estate owned
  • $23,196Goodwill and other intangibles
  • $0Life insurance assets
  • $15,059All other assets
  • $970,670Total liabilities and capital
  • $883,912Total liabilities
  • $805,577Total deposits
  • $619,227Interest-bearing deposits
  • $805,577Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $42,713Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $28,479Other borrowed funds
  • $0Subordinated debt
  • $7,143All other liabilities
  • $86,758Total equity capital
  • $86,758Total bank equity capital
  • $86,758Perpetual preferred stock
  • $0Common stock
  • $32,625Surplus
  • $53,556Undivided profits
  • Memoranda
  • $577Noncurrent loans and leases
  • $102,077Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,361Earning assets
  • $0Long-term assets (5+ years)
  • $3,497Average Assets, year-to-date
  • $883,039Average Assets, quarterly
  • $466,630Volatile liabilities
  • $968,571Insider loans
  • $968,325FHLB advances
  • $119,982Loans and leases held for sale
  • $3,460Unused loan commitments
  • $5,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $102,077Total unused commitments
  • $0Restructured Loans and leases
  • $6,493Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $59,268Total interest income
  • $14,471Total interest expense
  • $44,797Net interest income
  • $447Provision for loan and lease losses
  • $13,048Total noninterest income
  • $5Fiduciary activities
  • $8,696Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,347Additional noninterest income
  • $35,024Total noninterest expense
  • $12,526Salaries and employee benefits
  • $3,483Premises and equipment expense
  • $19,015Additional noninterest expense
  • $22,374Pre-tax net operating income
  • $0Securities gains (losses)
  • $7,706Applicable income taxes
  • $14,668Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,668Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $657Sale, conversion, retirement of capital stock, net
  • $14,600Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.76%Yield on earning assets
  • 1.65%Cost of funding earning assets
  • 5.11%Net interest margin
  • 1.49%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 1.51%Net operating income to assets
  • 1.51%Return on assets (ROA)
  • 2.31%Pretax return on assets
  • 16.19%Return on equity (ROE)
  • 0.08%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 68.04%Credit loss provision to net charge-offs
  • 34.74%Efficiency ratio
  • 57,115Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 99.54%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 477.08%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 68.32%Net loans and leases to core deposits
  • 72.73%Equity capital to assets
  • 8.94%Core capital (leverage) ratio
  • 6.77%Tier 1 risk-based capital ratio
  • 11.15%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $968,571Average earning assets
  • $90,617Average equity
  • $876,630Average 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
  • $91,592Managed Assets
  • 1Number of Accounts
  • $74,212Personal trust and agency accounts
  • $37,794Employee benefit-defined contribution accounts
  • $2,277Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $4,199Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $29,942Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 199Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $17,380Other retirement accounts
  • $1,963Corporate trust and agency accounts
  • $14,772Other fiduciary accounts
  • $645Fiduciary 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 - Colonial.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents