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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