First Virginia Bank - Hampton Roads in Norfolk, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 10, 2003

  • First Virginia Bank - Hampton Roads in Norfolk, Virginia (VA)
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First Virginia Bank - Hampton Roads - Overview

  • General
  • FDIC Certificate #: 6141
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 832920
    Date Established: September 12, 1932
    WWW: http://www.firstvirginia.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 51 (Interstate: No)
    FDIC's unique #: 4144
    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: January 01, 1934
    Last Structure Change Effective Date: October 10, 2003
    Last Structure Change Process Date: November 21, 2003
    Last Data Update: November 21, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 555 Main Street, Norfolk, VA 23510
    County: Norfolk 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): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • Financial Summary
  • Total assets: $1,269.0 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
  • 421Total employees (full-time equivalent)
  • $1,154,897Total assets
  • $41,387Cash and due from depository institutions
  • $53Interest-bearing balances
  • $379,135Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $668,563Net loans & leases
  • $7,505Loan loss allowance
  • $0Trading account assets
  • $19,554Bank premises and fixed assets
  • $23Other real estate owned
  • $31,908Goodwill and other intangibles
  • $0Life insurance assets
  • $14,327All other assets
  • $1,154,897Total liabilities and capital
  • $1,055,230Total liabilities
  • $976,396Total deposits
  • $763,185Interest-bearing deposits
  • $976,396Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $41,244Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,400Other borrowed funds
  • $0Subordinated debt
  • $7,190All other liabilities
  • $99,667Total equity capital
  • $99,667Total bank equity capital
  • $99,667Perpetual preferred stock
  • $0Common stock
  • $21,550Surplus
  • $65,104Undivided profits
  • Memoranda
  • $13,013Noncurrent loans and leases
  • $153,838Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,466Earning assets
  • $21Long-term assets (5+ years)
  • $4,202Average Assets, year-to-date
  • $1,047,751Average Assets, quarterly
  • $473,650Volatile liabilities
  • $1,150,539Insider loans
  • $1,156,492FHLB advances
  • $103,112Loans and leases held for sale
  • $11,520Unused loan commitments
  • $8,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $153,838Total unused commitments
  • $0Restructured Loans and leases
  • $7,505Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $68,376Total interest income
  • $15,865Total interest expense
  • $52,511Net interest income
  • $343Provision for loan and lease losses
  • $17,336Total noninterest income
  • $19Fiduciary activities
  • $10,409Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,908Additional noninterest income
  • $43,097Total noninterest expense
  • $15,700Salaries and employee benefits
  • $5,106Premises and equipment expense
  • $22,291Additional noninterest expense
  • $26,407Pre-tax net operating income
  • $0Securities gains (losses)
  • $8,847Applicable income taxes
  • $17,560Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,560Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $696Sale, conversion, retirement of capital stock, net
  • $17,000Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.59%Yield on earning assets
  • 1.53%Cost of funding earning assets
  • 5.06%Net interest margin
  • 1.67%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • 1.53%Net operating income to assets
  • 1.53%Return on assets (ROA)
  • 2.30%Pretax return on assets
  • 16.91%Return on equity (ROE)
  • 0.54%Retained earnings to average equity (YTD only)
  • 0.10%Net charge-offs to loans
  • 49.28%Credit loss provision to net charge-offs
  • 38.43%Efficiency ratio
  • 60,572Assets per employee
  • 2.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 96.81%Loss allowance to loans
  • 1.11%Loss allowance to noncurrent loans
  • 511.94%Noncurrent assets plus other real estate owned to assets
  • 0.13%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 68.47%Net loans and leases to core deposits
  • 71.36%Equity capital to assets
  • 8.63%Core capital (leverage) ratio
  • 6.09%Tier 1 risk-based capital ratio
  • 9.59%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $1,150,539Average earning assets
  • $103,829Average equity
  • $1,038,161Average 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
  • $41,137Managed Assets
  • 1Number of Accounts
  • $39,902Personal trust and agency accounts
  • $26,134Employee benefit-defined contribution accounts
  • $1,335Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,102Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $9,331Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 154Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,235Other retirement accounts
  • $1,235Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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