First Virginia Community Bank in Fairfax, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Virginia Community Bank in Fairfax, Virginia (VA)
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First Virginia Community Bank - Overview

  • General
  • FDIC Certificate #: 58696
    Status: Active
    Federal Reserve ID: 3614976
    Date Established: November 27, 2007
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 463069
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: November 27, 2007
    Last Structure Change Effective Date: November 27, 2007
    Last Structure Change Process Date: December 03, 2007
    Last Data Update: December 03, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 11325 Random Hills Road, Fairfax, VA 22030
    County: Fairfax
    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): 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)
  • History of Changes
  • Change in Location
    Change in Geographic Region/Area/Territory/Field Office
  • Financial Summary
  • Total assets: $261.0 mil
    Equity capital: $33.8 mil
    Deposits held in domestic offices: $223.4 mil
    Return on assets (ROA): 0.83% ($2.2 mil)
    Quarterly return on assets: 1.82% ($4.8 mil)
    Return on Equity (ROE): 7.32% ($2.5 mil)
    Quarterly return on equity: 15.45% ($5.3 mil)
    Net income: $2.0 mil
    Quarterly Net income: $1.2 mil
    Pretax return on assets: 0.60% ($1,566.2 mil)
    Quarterly Pretax return on assets: 0.95% ($2,479.9 mil)

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 41Total employees (full-time equivalent)
  • $261,037Total assets
  • $18,702Cash and due from depository institutions
  • $15,467Interest-bearing balances
  • $25,830Securities
  • $61Federal funds sold & reverse repurchase agreements
  • $210,268Net loans & leases
  • $2,754Loan loss allowance
  • $0Trading account assets
  • $1,611Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $261,037Life insurance assets
  • $4,565All other assets
  • $227,252Total liabilities and capital
  • $223,369Total liabilities
  • $174,975Total deposits
  • $223,369Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,500Trading liabilities
  • $0Other borrowed funds
  • $1,383Subordinated debt
  • $33,785All other liabilities
  • $33,785Total equity capital
  • $33,785Total bank equity capital
  • $0Perpetual preferred stock
  • $16,362Common stock
  • $19,515Surplus
  • $-2,092Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,903Income earned, not collected on loans
  • $0Earning assets
  • $842Long-term assets (5+ years)
  • $251,626Average Assets, year-to-date
  • $66,467Average Assets, quarterly
  • $241,847Volatile liabilities
  • $255,375Insider loans
  • $244,039FHLB advances
  • $257,782Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $32,071Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $39,809Restructured Loans and leases
  • $3,550Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,169Total interest income
  • $2,284Total interest expense
  • $9,885Net interest income
  • $649Provision for loan and lease losses
  • $464Total noninterest income
  • $0Fiduciary activities
  • $325Service charges on deposit accounts
  • $0Trading account gains & fees
  • $139Additional noninterest income
  • $8,254Total noninterest expense
  • $4,544Salaries and employee benefits
  • $1,135Premises and equipment expense
  • $2,575Additional noninterest expense
  • $1,446Pre-tax net operating income
  • -$5Securities gains (losses)
  • -$559Applicable income taxes
  • $2,000Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,000Net income attributable to bank
  • $0Net charge-offs
  • $2,000Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 0.98%Cost of funding earning assets
  • 4.24%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 3.54%Noninterest expense to earning assets
  • 0.83%Net operating income to assets
  • 0.83%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 7.32%Return on equity (ROE)
  • 7.32%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 79,756Assets per employee
  • 6.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 46.65%Noncurrent assets plus other real estate owned to assets
  • 2.26%Noncurrent loans to loans
  • 2.77%Net loans and leases to deposits
  • 94.13%Net loans and leases to core deposits
  • 146.67%Equity capital to assets
  • 12.94%Core capital (leverage) ratio
  • 12.44%Tier 1 risk-based capital ratio
  • 13.14%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $241,847Average earning assets
  • $27,322Average equity
  • $232,895Average loans

List of branches

  • 3 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463069First Virginia Community Bank11325 Random Hills Road, Fairfax, VA 22030November 27, 2007Full Service Brick and Mortar
    1477840Sudley Office7900 Sudley Road, Suite 100, Manassas, VA 20109June 09, 2008Full Service Brick and Mortar
    2521933Reston Office Branch11260 Roger Bacon Drive, Suite 101, Reston, VA 20190June 27, 2011Full Service Brick and Mortar

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