James River Bank in Waverly, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 19, 2001

  • James River Bank in Waverly, Virginia (VA)
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James River Bank - Overview

  • General
  • FDIC Certificate #: 9990
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Virginia Bank - Hampton Roads (#6141)
    Federal Reserve ID: 926324
    Date Established: June 12, 1933
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Interstate: No)
    OTS Docket #: 15804
    FDIC's unique #: 6384
    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 19, 2001
    Last Structure Change Process Date: Febuary 01, 2002
    Last Data Update: Febuary 01, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 209 West Main Street, Waverly, VA 23890
    County: Sussex
    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
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • Financial Summary
  • Total assets: $115.2 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
  • 36Total employees (full-time equivalent)
  • $106,484Total assets
  • $6,280Cash and due from depository institutions
  • $1,758Interest-bearing balances
  • $25,956Securities
  • $2,600Federal funds sold & reverse repurchase agreements
  • $64,867Net loans & leases
  • $976Loan loss allowance
  • $0Trading account assets
  • $2,227Bank premises and fixed assets
  • $0Other real estate owned
  • $2,762Goodwill and other intangibles
  • $0Life insurance assets
  • $1,792All other assets
  • $106,484Total liabilities and capital
  • $95,803Total liabilities
  • $94,690Total deposits
  • $74,034Interest-bearing deposits
  • $94,690Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $636Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $477All other liabilities
  • $10,681Total equity capital
  • $10,681Total bank equity capital
  • $10,681Perpetual preferred stock
  • $0Common stock
  • $2,500Surplus
  • $500Undivided profits
  • Memoranda
  • $7,681Noncurrent loans and leases
  • $14,886Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $515Earning assets
  • $0Long-term assets (5+ years)
  • $575Average Assets, year-to-date
  • $95,181Average Assets, quarterly
  • $21,417Volatile liabilities
  • $96,653Insider loans
  • $104,392FHLB advances
  • $9,386Loans and leases held for sale
  • $3,444Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,886Total unused commitments
  • $636Restructured Loans and leases
  • $915Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $6,963Total interest income
  • $2,682Total interest expense
  • $4,281Net interest income
  • $87Provision for loan and lease losses
  • $759Total noninterest income
  • $0Fiduciary activities
  • $420Service charges on deposit accounts
  • $0Trading account gains & fees
  • $339Additional noninterest income
  • $3,381Total noninterest expense
  • $1,263Salaries and employee benefits
  • $485Premises and equipment expense
  • $1,633Additional noninterest expense
  • $1,572Pre-tax net operating income
  • $0Securities gains (losses)
  • $390Applicable income taxes
  • $1,182Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,182Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $28Sale, conversion, retirement of capital stock, net
  • $689Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.03%Yield on earning assets
  • 3.09%Cost of funding earning assets
  • 4.94%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.90%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.63%Pretax return on assets
  • 11.91%Return on equity (ROE)
  • 4.97%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 310.71%Credit loss provision to net charge-offs
  • 59.25%Efficiency ratio
  • 62,758Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 58.29%Loss allowance to loans
  • 1.48%Loss allowance to noncurrent loans
  • 189.51%Noncurrent assets plus other real estate owned to assets
  • 0.48%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 68.50%Net loans and leases to core deposits
  • 75.48%Equity capital to assets
  • 10.03%Core capital (leverage) ratio
  • 7.79%Tier 1 risk-based capital ratio
  • 10.89%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $96,653Average earning assets
  • $9,927Average equity
  • $86,686Average loans

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