First Virginia Community Bank in city_name, state_name - Detailed Financial Reports, Location

First Virginia Community Bank in Fairfax, Virginia (VA)
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First Virginia Community Bank routing number info

First Virginia Community Bank - Overview

General
FDIC Certificate #: 58696
Status: Active
Federal Reserve ID: 3614976
Date Established: November 27, 2007
WWW: http://www.firstvirginiacommunitybank.com
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

No	ID	Name	Address	Established	Service Type
0	463069	First Virginia Community Bank	11325 Random Hills Road, Fairfax, VA 22030	November 27, 2007	Full Service Brick and Mortar
1	477840	Sudley Office	7900 Sudley Road, Suite 100, Manassas, VA 20109	June 09, 2008	Full Service Brick and Mortar
2	521933	Reston Office Branch	11260 Roger Bacon Drive, Suite 101, Reston, VA 20190	June 27, 2011	Full Service Brick and Mortar

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

First Virginia Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

First Virginia Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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