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- Banks in Maryland (MD)
- First Virginia Bank-Maryland
First Virginia Bank-Maryland in Upper Marlboro, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of May 15, 1999
- First Virginia Bank-Maryland in Upper Marlboro, Maryland (MD)
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First Virginia Bank-Maryland - Overview
- General
- FDIC 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 - Location
- Address: 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 Summary
- Total 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
- 97Total employees (full-time equivalent)
- $290,045Total assets
- $15,202Cash and due from depository institutions
- $0Interest-bearing balances
- $58,503Securities
- $14,450Federal funds sold & reverse repurchase agreements
- $196,078Net loans & leases
- $2,321Loan loss allowance
- $0Trading account assets
- $2,653Bank premises and fixed assets
- $83Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $3,076All other assets
- $290,045Total liabilities and capital
- $269,924Total liabilities
- $236,705Total deposits
- $193,591Interest-bearing deposits
- $236,705Deposits held in domestic offices
- 0.00%% insured (estimated)
- $30,589Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $2,630All other liabilities
- $20,121Total equity capital
- $20,121Total bank equity capital
- $20,121Perpetual preferred stock
- $0Common stock
- $4,600Surplus
- $4,600Undivided profits
- Memoranda
- $10,921Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $334Earning assets
- $0Long-term assets (5+ years)
- $557Average Assets, year-to-date
- $269,031Average Assets, quarterly
- $38,729Volatile liabilities
- $292,737Insider loans
- $283,208FHLB advances
- $47,980Loans and leases held for sale
- $2,103Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $32,628Total unused commitments
- $0Restructured Loans and leases
- $217,401Derivatives
Income and Expense (December 31, 1998)
- Dollar figures in thousands
- $19,824Total interest income
- $6,830Total interest expense
- $12,994Net interest income
- $560Provision for loan and lease losses
- $4,121Total noninterest income
- $2Fiduciary activities
- $1,835Service charges on deposit accounts
- $0Trading account gains & fees
- $2,284Additional noninterest income
- $10,299Total noninterest expense
- $3,502Salaries and employee benefits
- $1,469Premises and equipment expense
- $5,328Additional noninterest expense
- $6,256Pre-tax net operating income
- $0Securities gains (losses)
- $2,283Applicable income taxes
- $3,973Income before extraordinary items
- $0Extraordinary gains - net
- $3,973Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $582Sale, conversion, retirement of capital stock, net
- $4,324Net operating income
Performance and Condition Ratios (December 31, 1998)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 7.36%Yield on earning assets
- 2.54%Cost of funding earning assets
- 4.82%Net interest margin
- 1.53%Noninterest income to earning assets
- 3.82%Noninterest expense to earning assets
- 1.36%Net operating income to assets
- 1.36%Return on assets (ROA)
- 2.14%Pretax return on assets
- 19.42%Return on equity (ROE)
- -1.72%Retained earnings to average equity (YTD only)
- 0.31%Net charge-offs to loans
- 96.22%Credit loss provision to net charge-offs
- 11.71%Efficiency ratio
- 60,175Assets per employee
- 2.99%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 108.83%Loss allowance to loans
- 1.17%Loss allowance to noncurrent loans
- 694.91%Noncurrent assets plus other real estate owned to assets
- 0.14%Noncurrent loans to loans
- 0.17%Net loans and leases to deposits
- 82.84%Net loans and leases to core deposits
- 89.41%Equity capital to assets
- 6.94%Core capital (leverage) ratio
- 7.15%Tier 1 risk-based capital ratio
- 9.26%Total risk-based capital ratio
- Memoranda
- $10Average assets
- $292,737Average earning assets
- $20,462Average equity
- $269,322Average loans
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- Banks in Maryland (MD)
- First Virginia Bank-Maryland
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