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- Banks in Virginia (VA)
- First Virginia Bank-South Hill
First Virginia Bank-South Hill in South Hill, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of November 18, 1996
- First Virginia Bank-South Hill in South Hill, Virginia (VA)
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First Virginia Bank-South Hill - Overview
- General
- FDIC Certificate #: 835
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Virginia Bank - Colonial (#20450)
Federal Reserve ID: 33521
Date Established: January 04, 1909
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 522
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: November 18, 1996
Last Structure Change Process Date: December 10, 1996
Last Data Update: December 10, 1996
Data Source Date: April 05, 2012 - Location
- Address: 111 East Danville Street, South Hill, VA 23970
County: Mecklenburg
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 - Financial Summary
- Total assets: $74.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1995)
- Dollar figures in thousands
- 0Total employees (full-time equivalent)
- $24Total assets
- $73,642Cash and due from depository institutions
- $2,046Interest-bearing balances
- $0Securities
- $10,508Federal funds sold & reverse repurchase agreements
- $1,980Net loans & leases
- $57,300Loan loss allowance
- $719Trading account assets
- $0Bank premises and fixed assets
- $885Other real estate owned
- $0Goodwill and other intangibles
- $923Life insurance assets
- $0All other assets
- $0Total liabilities and capital
- $73,642Total liabilities
- $68,167Total deposits
- $66,408Interest-bearing deposits
- $55,654Deposits held in domestic offices
- 66408.00%% insured (estimated)
- $89Federal funds purchased & repurchase agreements
- $1,246Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $0All other liabilities
- $513Total equity capital
- $513Total bank equity capital
- $5,475Perpetual preferred stock
- $0Common stock
- $1,500Surplus
- $1,000Undivided profits
- Memoranda
- $2,975Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $114Income earned, not collected on loans
- $205Earning assets
- $69,788Long-term assets (5+ years)
- $14,996Average Assets, year-to-date
- $71,380Average Assets, quarterly
- $75,092Volatile liabilities
- $10,887Insider loans
- $1,504FHLB advances
- $0Loans and leases held for sale
- $0Unused loan commitments
- $4,559Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $5,475Total risk weighted assets
- $51,572Total unused commitments
- $0Restructured Loans and leases
- $0Derivatives
Income and Expense (December 31, 1995)
- Dollar figures in thousands
- $0Total interest income
- $5,522Total interest expense
- $2,316Net interest income
- $3,206Provision for loan and lease losses
- $130Total noninterest income
- $394Fiduciary activities
- $0Service charges on deposit accounts
- $274Trading account gains & fees
- $0Additional noninterest income
- $120Total noninterest expense
- $2,089Salaries and employee benefits
- $713Premises and equipment expense
- $172Additional noninterest expense
- $1,204Pre-tax net operating income
- $1,381Securities gains (losses)
- $0Applicable income taxes
- $457Income before extraordinary items
- $924Extraordinary gains - net
- $0Net income attributable to bank
- $924Net charge-offs
- $44Cash dividends
- $585Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1995)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 0.00%Yield on earning assets
- 8.23%Cost of funding earning assets
- 3.45%Net interest margin
- 4.78%Noninterest income to earning assets
- 0.59%Noninterest expense to earning assets
- 3.12%Net operating income to assets
- 1.29%Return on assets (ROA)
- 1.29%Pretax return on assets
- 1.93%Return on equity (ROE)
- 17.66%Retained earnings to average equity (YTD only)
- 6.48%Net charge-offs to loans
- 0.08%Credit loss provision to net charge-offs
- 295.45%Efficiency ratio
- 58,028Assets per employee
- 3.07%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 63.31%Loss allowance to loans
- 1.24%Loss allowance to noncurrent loans
- 630.70%Noncurrent assets plus other real estate owned to assets
- 0.15%Noncurrent loans to loans
- 0.20%Net loans and leases to deposits
- 86.28%Net loans and leases to core deposits
- 100.94%Equity capital to assets
- 7.43%Core capital (leverage) ratio
- 7.26%Tier 1 risk-based capital ratio
- 10.62%Total risk-based capital ratio
- Memoranda
- $12Average assets
- $71,380Average earning assets
- $5,233Average equity
- $67,060Average loans
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- Banks in Virginia (VA)
- First Virginia Bank-South Hill
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