First Virginia Bank - Planters in Bridgewater, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 25, 1994

  • First Virginia Bank - Planters in Bridgewater, Virginia (VA)
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First Virginia Bank - Planters - Overview

  • General
  • FDIC Certificate #: 6136
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Virginia Bank - Blue Ridge (#6134)
    Federal Reserve ID: 142722
    Date Established: Febuary 02, 1898
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 4141
    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: June 25, 1994
    Last Structure Change Process Date: July 14, 1994
    Last Data Update: July 14, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 111 North Main Street, Bridgewater, VA 22812
    County: Rockingham
    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
    Core Based Statistical Area (CBSA): Harrisonburg, VA (#25500)
    CBSA Metro Statistical Area: Harrisonburg, VA (#25500)
  • Financial Summary
  • Total assets: $120.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $66Total assets
  • $119,040Cash and due from depository institutions
  • $3,629Interest-bearing balances
  • $0Securities
  • $19,018Federal funds sold & reverse repurchase agreements
  • $250Net loans & leases
  • $92,856Loan loss allowance
  • $1,126Trading account assets
  • $0Bank premises and fixed assets
  • $2,069Other real estate owned
  • $0Goodwill and other intangibles
  • $1,105Life insurance assets
  • $113All other assets
  • $0Total liabilities and capital
  • $119,040Total liabilities
  • $109,851Total deposits
  • $108,935Interest-bearing deposits
  • $94,683Deposits held in domestic offices
  • 108935.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $161Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $755Total equity capital
  • $755Total bank equity capital
  • $9,189Perpetual preferred stock
  • $0Common stock
  • $2,700Surplus
  • $1,600Undivided profits
  • Memoranda
  • $4,889Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $97Income earned, not collected on loans
  • $129Earning assets
  • $112,124Long-term assets (5+ years)
  • $26,129Average Assets, year-to-date
  • $116,086Average Assets, quarterly
  • $118,299Volatile liabilities
  • $4,063Insider loans
  • $856FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $8,935Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,076Total risk weighted assets
  • $82,216Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,608Total interest expense
  • $3,180Net interest income
  • $6,428Provision for loan and lease losses
  • $166Total noninterest income
  • $674Fiduciary activities
  • $0Service charges on deposit accounts
  • $417Trading account gains & fees
  • $0Additional noninterest income
  • $257Total noninterest expense
  • $3,670Salaries and employee benefits
  • $1,406Premises and equipment expense
  • $318Additional noninterest expense
  • $1,946Pre-tax net operating income
  • $3,266Securities gains (losses)
  • $0Applicable income taxes
  • $1,152Income before extraordinary items
  • $2,114Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,114Net charge-offs
  • $10Cash dividends
  • $1,221Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.78%Cost of funding earning assets
  • 2.91%Net interest margin
  • 5.87%Noninterest income to earning assets
  • 0.62%Noninterest expense to earning assets
  • 3.35%Net operating income to assets
  • 1.82%Return on assets (ROA)
  • 1.82%Pretax return on assets
  • 2.81%Return on equity (ROE)
  • 24.16%Retained earnings to average equity (YTD only)
  • 10.21%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 1660.00%Efficiency ratio
  • 50,014Assets per employee
  • 1.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.76%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 1160.82%Noncurrent assets plus other real estate owned to assets
  • 0.08%Noncurrent loans to loans
  • 0.10%Net loans and leases to deposits
  • 85.24%Net loans and leases to core deposits
  • 88.41%Equity capital to assets
  • 7.72%Core capital (leverage) ratio
  • 7.69%Tier 1 risk-based capital ratio
  • 11.04%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $116,086Average earning assets
  • $8,751Average equity
  • $109,457Average loans

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