FDIC Certificate #: 30123 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Branch Banking and Trust Company of Virginia (#22584) Federal Reserve ID: 856270 Date Established: January 01, 1922 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 4794 FDIC's unique #: 42957 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) Insured commercial Banks: Yes FDIC Insured: Yes SAIF Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 19, 2001 Last Structure Change Effective Date: September 17, 2001 Last Structure Change Process Date: October 30, 2001 Last Data Update: October 30, 2001 Data Source Date: April 05, 2012
Location
Address: 400 George St, Fredericksburg, VA 22401 County: Fredericksburg City 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)
Financial Summary
Total assets: $520.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
55Total employees (full-time equivalent)
$496,039Total assets
$9,778Cash and due from depository institutions
$8,599Interest-bearing balances
$28,364Securities
$0Federal funds sold & reverse repurchase agreements
$444,571Net loans & leases
$5,493Loan loss allowance
$0Trading account assets
$3,229Bank premises and fixed assets
$627Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$9,470All other assets
$496,039Total liabilities and capital
$377,153Total liabilities
$370,394Total deposits
$365,211Interest-bearing deposits
$370,394Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,000Other borrowed funds
$0Subordinated debt
$1,759All other liabilities
$118,886Total equity capital
$118,886Total bank equity capital
$118,886Perpetual preferred stock
$0Common stock
$1Surplus
$51,897Undivided profits
Memoranda
$66,988Noncurrent loans and leases
$30,951Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$993Earning assets
$0Long-term assets (5+ years)
$2,246Average Assets, year-to-date
$481,534Average Assets, quarterly
$0Volatile liabilities
$514,859Insider loans
$512,446FHLB advances
$61,083Loans and leases held for sale
$496Unused loan commitments
$5,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$30,951Total unused commitments
$1,823Restructured Loans and leases
$3,809Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$38,263Total interest income
$18,592Total interest expense
$19,671Net interest income
$70Provision for loan and lease losses
$679Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$679Additional noninterest income
$7,644Total noninterest expense
$4,965Salaries and employee benefits
$1,185Premises and equipment expense
$1,494Additional noninterest expense
$12,636Pre-tax net operating income
-$39Securities gains (losses)
$4,759Applicable income taxes
$7,838Income before extraordinary items
$0Extraordinary gains - net
$7,838Net income attributable to bank
$0Net charge-offs
$0Cash dividends
-$521Sale, conversion, retirement of capital stock, net
$35,282Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.68%Yield on earning assets
3.73%Cost of funding earning assets
3.95%Net interest margin
0.14%Noninterest income to earning assets
1.53%Noninterest expense to earning assets
1.53%Net operating income to assets
1.52%Return on assets (ROA)
2.45%Pretax return on assets
5.64%Return on equity (ROE)
-19.75%Retained earnings to average equity (YTD only)
-0.12%Net charge-offs to loans
-13.44%Credit loss provision to net charge-offs
0.00%Efficiency ratio
37,563Assets per employee
9.02%Cash dividends to net income (YTD only)
Condition Ratios (%)
450.14%Loss allowance to loans
1.22%Loss allowance to noncurrent loans
553.17%Noncurrent assets plus other real estate owned to assets
0.33%Noncurrent loans to loans
0.22%Net loans and leases to deposits
120.03%Net loans and leases to core deposits
141.44%Equity capital to assets
23.97%Core capital (leverage) ratio
24.01%Tier 1 risk-based capital ratio
39.34%Total risk-based capital ratio
Memoranda
$41Average assets
$514,859Average earning assets
$138,956Average equity
$498,391Average loans
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