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