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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