First Virginia Bank-Maryland in Upper Marlboro, Maryland (MD)



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First Virginia Bank-Maryland
GeneralFDIC Certificate #: 19643
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Farmers Bank of Maryland (#4821)
Federal Reserve ID: 153924
Date Established: October 27, 1966
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 14 (Interstate: No)
FDIC's unique #: 13442
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: October 27, 1966
Last Structure Change Effective Date: May 15, 1999
Last Structure Change Process Date: June 23, 1999
Last Data Update: June 23, 1999
Data Source Date: April 05, 2012
LocationAddress: 9420 Pennsylvania Avenue, Upper Marlboro, MD 20772
County: Prince George's
Quarterly Banking Profile Region: New York
FDIC Geographic Region: New York
FDIC Supervisory Region: Atlanta
FDIC Field Office: Baltimore
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast
Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
Financial SummaryTotal assets: $290.5 mil

1992 - 1999 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, 1998)
(Dollar figures in thousands)
Total employees (full-time equivalent)97
Total assets$290,045
Cash and due from depository institutions$15,202
Interest-bearing balances$0
Securities$58,503
Federal funds sold & reverse repurchase agreements$14,450
Net loans & leases$196,078
Loan loss allowance $2,321
Trading account assets$0
Bank premises and fixed assets$2,653
Other real estate owned$83
Goodwill and other intangibles$0
All other assets$3,076
Life insurance assets$0
Total liabilities and capital$290,045
Total liabilities$269,924
Total deposits$236,705
Interest-bearing deposits$193,591
Deposits held in domestic offices$236,705
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $30,589
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $0
All other liabilities $2,630
Total equity capital$20,121
Total bank equity capital$20,121
Perpetual preferred stock$20,121
Common stock$0
Surplus$4,600
Undivided profits $4,600
Memoranda
Noncurrent loans and leases $10,921
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $334
Long-term assets (5+ years) $0
Average Assets, year-to-date $557
Average Assets, quarterly $269,031
Volatile liabilities $38,729
Insider loans $292,737
FHLB advances $283,208
Loans and leases held for sale $47,980
Unused loan commitments $2,103
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $32,628
Restructured Loans and leases $0
Derivatives$217,401
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Income and Expense (December 31, 1998)
(Dollar figures in thousands)
Total interest income $19,824
Total interest expense $6,830
Net interest income $12,994
Provision for loan and lease losses $560
Total noninterest income $4,121
Fiduciary activities $2
Service charges on deposit accounts $1,835
Trading account gains & fees $0
Additional noninterest income $2,284
Total noninterest expense $10,299
Salaries and employee benefits $3,502
Premises and equipment expense $1,469
Additional noninterest expense $5,328
Pre-tax net operating income $6,256
Securities gains (losses) $0
Applicable income taxes $2,283
Income before extraordinary items $3,973
Extraordinary gains - net $0
Net income attributable to bank $3,973
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $582
Net operating income $4,324
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Performance and Condition Ratios (December 31, 1998)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.36%
Cost of funding earning assets 2.54%
Net interest margin 4.82%
Noninterest income to earning assets 1.53%
Noninterest expense to earning assets 3.82%
Net operating income to assets 1.36%
Return on assets (ROA) 1.36%
Pretax return on assets 2.14%
Return on equity (ROE) 19.42%
Retained earnings to average equity (YTD only) -1.72%
Net charge-offs to loans 0.31%
Credit loss provision to net charge-offs 96.22%
Efficiency ratio11.71%
Assets per employee$60,175
Cash dividends to net income (YTD only)2.99%
Condition Ratios (%)
Loss allowance to loans 108.83%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 694.91%
Noncurrent loans to loans 0.14%
Net loans and leases to deposits0.17%
Net loans and leases to core deposits 82.84%
Equity capital to assets 89.41%
Core capital (leverage) ratio 6.94%
Tier 1 risk-based capital ratio 7.15%
Total risk-based capital ratio 9.26%
Memoranda
Average assets$10
Average earning assets$292,737
Average equity $20,462
Average loans $269,322
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