James River Bank/Colonial in Suffolk, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of November 19, 2001

  • James River Bank/Colonial in Suffolk, Virginia (VA)
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James River Bank/Colonial - Overview

  • General
  • FDIC Certificate #: 19726
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Virginia Bank - Hampton Roads (#6141)
    Federal Reserve ID: 788924
    Date Established: June 27, 1967
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 10 (Interstate: No)
    OTS Docket #: 14557
    FDIC's unique #: 13522
    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: June 27, 1967
    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: 1514 Holland Road - Suite A, Suffolk, VA 23434
    County: Suffolk 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): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • Financial Summary
  • Total assets: $185.7 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
  • 76Total employees (full-time equivalent)
  • $173,895Total assets
  • $9,016Cash and due from depository institutions
  • $2,780Interest-bearing balances
  • $29,578Securities
  • $971Federal funds sold & reverse repurchase agreements
  • $128,546Net loans & leases
  • $1,711Loan loss allowance
  • $0Trading account assets
  • $3,936Bank premises and fixed assets
  • $72Other real estate owned
  • $82Goodwill and other intangibles
  • $0Life insurance assets
  • $1,694All other assets
  • $173,895Total liabilities and capital
  • $156,228Total liabilities
  • $145,360Total deposits
  • $120,209Interest-bearing deposits
  • $145,360Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,205Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $8,000Other borrowed funds
  • $0Subordinated debt
  • $663All other liabilities
  • $17,667Total equity capital
  • $17,667Total bank equity capital
  • $17,667Perpetual preferred stock
  • $0Common stock
  • $2,691Surplus
  • $5,116Undivided profits
  • Memoranda
  • $9,860Noncurrent loans and leases
  • $19,344Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $424Earning assets
  • $0Long-term assets (5+ years)
  • $682Average Assets, year-to-date
  • $161,875Average Assets, quarterly
  • $31,316Volatile liabilities
  • $167,250Insider loans
  • $170,860FHLB advances
  • $15,104Loans and leases held for sale
  • $1,258Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $19,344Total unused commitments
  • $2Restructured Loans and leases
  • $1,560Derivatives

Income and Expense (December 31, 2000)

  • Dollar figures in thousands
  • $12,624Total interest income
  • $5,299Total interest expense
  • $7,325Net interest income
  • $141Provision for loan and lease losses
  • $1,244Total noninterest income
  • $0Fiduciary activities
  • $909Service charges on deposit accounts
  • $0Trading account gains & fees
  • $335Additional noninterest income
  • $5,818Total noninterest expense
  • $2,433Salaries and employee benefits
  • $764Premises and equipment expense
  • $2,621Additional noninterest expense
  • $2,610Pre-tax net operating income
  • $2Securities gains (losses)
  • $639Applicable income taxes
  • $1,973Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,973Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$2Sale, conversion, retirement of capital stock, net
  • $1,053Net operating income

Performance and Condition Ratios (December 31, 2000)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.11%Yield on earning assets
  • 3.41%Cost of funding earning assets
  • 4.71%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 3.74%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.56%Pretax return on assets
  • 11.70%Return on equity (ROE)
  • 5.45%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -7050.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 67,709Assets per employee
  • 2.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.37%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 403.54%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.33%Net loans and leases to deposits
  • 88.43%Net loans and leases to core deposits
  • 97.04%Equity capital to assets
  • 10.16%Core capital (leverage) ratio
  • 10.26%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $167,250Average earning assets
  • $16,867Average equity
  • $155,613Average loans

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