Fredericksburg State Bank in Fredericksburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 17, 2001

  • Fredericksburg State Bank in Fredericksburg, Virginia (VA)
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Fredericksburg State Bank - Overview

  • General
  • 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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