- bankencyclopedia.com
- Banks in Virginia (VA)
- First Virginia Bank - Piedmont
First Virginia Bank - Piedmont in Lynchburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of March 06, 1999
- First Virginia Bank - Piedmont in Lynchburg, Virginia (VA)
-
Show street view
No street view available for this location
First Virginia Bank - Piedmont - Overview
- General
- FDIC Certificate #: 21511
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank-Southwest (#20877)
Federal Reserve ID: 144829
Date Established: April 01, 1974
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 12 (Interstate: No)
FDIC's unique #: 14877
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: April 01, 1974
Last Structure Change Effective Date: March 06, 1999
Last Structure Change Process Date: March 17, 1999
Last Data Update: March 17, 1999
Data Source Date: April 05, 2012 - Location
- Address: 7901 Timberlake Road, Lynchburg, VA 24502
County: Lynchburg 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): Lynchburg, VA (#4640)
Core Based Statistical Area (CBSA): Lynchburg, VA (#31340)
CBSA Metro Statistical Area: Lynchburg, VA (#31340) - Financial Summary
- Total assets: $222.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
- 104Total employees (full-time equivalent)
- $222,497Total assets
- $8,330Cash and due from depository institutions
- $0Interest-bearing balances
- $39,009Securities
- $7,220Federal funds sold & reverse repurchase agreements
- $162,698Net loans & leases
- $1,849Loan loss allowance
- $0Trading account assets
- $2,670Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $2,570All other assets
- $222,497Total liabilities and capital
- $206,814Total liabilities
- $199,112Total deposits
- $167,599Interest-bearing deposits
- $199,112Deposits held in domestic offices
- 0.00%% insured (estimated)
- $5,566Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $2,136All other liabilities
- $15,683Total equity capital
- $15,683Total bank equity capital
- $15,683Perpetual preferred stock
- $0Common stock
- $4,000Surplus
- $2,000Undivided profits
- Memoranda
- $9,683Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $539Earning assets
- $0Long-term assets (5+ years)
- $618Average Assets, year-to-date
- $208,927Average Assets, quarterly
- $70,286Volatile liabilities
- $213,691Insider loans
- $218,907FHLB advances
- $20,478Loans and leases held for sale
- $1,745Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $2,046Total risk weighted assets
- $20,588Total unused commitments
- $0Restructured Loans and leases
- $153,674Derivatives
Income and Expense (December 31, 1998)
- Dollar figures in thousands
- $16,815Total interest income
- $6,592Total interest expense
- $10,223Net interest income
- $416Provision for loan and lease losses
- $1,524Total noninterest income
- $0Fiduciary activities
- $1,089Service charges on deposit accounts
- $0Trading account gains & fees
- $435Additional noninterest income
- $6,732Total noninterest expense
- $2,745Salaries and employee benefits
- $435Premises and equipment expense
- $3,552Additional noninterest expense
- $4,599Pre-tax net operating income
- $1Securities gains (losses)
- $1,610Applicable income taxes
- $2,990Income before extraordinary items
- $0Extraordinary gains - net
- $2,990Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $410Sale, conversion, retirement of capital stock, net
- $2,760Net operating income
Performance and Condition Ratios (December 31, 1998)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 8.40%Yield on earning assets
- 3.29%Cost of funding earning assets
- 5.11%Net interest margin
- 0.76%Noninterest income to earning assets
- 3.36%Noninterest expense to earning assets
- 1.40%Net operating income to assets
- 1.40%Return on assets (ROA)
- 2.15%Pretax return on assets
- 19.10%Return on equity (ROE)
- 1.47%Retained earnings to average equity (YTD only)
- 0.25%Net charge-offs to loans
- 101.46%Credit loss provision to net charge-offs
- 12.23%Efficiency ratio
- 57,147Assets per employee
- 2.14%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 92.31%Loss allowance to loans
- 1.12%Loss allowance to noncurrent loans
- 343.04%Noncurrent assets plus other real estate owned to assets
- 0.24%Noncurrent loans to loans
- 0.33%Net loans and leases to deposits
- 81.71%Net loans and leases to core deposits
- 88.33%Equity capital to assets
- 7.05%Core capital (leverage) ratio
- 7.18%Tier 1 risk-based capital ratio
- 10.21%Total risk-based capital ratio
- Memoranda
- $11Average assets
- $213,691Average earning assets
- $15,658Average equity
- $200,198Average loans
- bankencyclopedia.com
- Banks in Virginia (VA)
- First Virginia Bank - Piedmont
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Virginia Bank - Piedmont.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: