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- Banks in Virginia (VA)
- James River Bank/Colonial
James River Bank/Colonial in Isle Of Wight County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of July 31, 2000
- James River Bank/Colonial in Isle Of Wight County, Virginia (VA)
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James River Bank/Colonial - Overview
- General
- FDIC Certificate #: 21332
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: James River Bank/Colonial (#19726)
Federal Reserve ID: 216829
Date Established: November 28, 1973
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
FDIC's unique #: 14761
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: November 28, 1973
Last Structure Change Effective Date: July 31, 2000
Last Structure Change Process Date: August 04, 2000
Last Data Update: August 04, 2000
Data Source Date: April 05, 2012 - Location
- Address: 1803 South Church Street, Isle Of Wight County, VA 23430
County: Isle Of Wight
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: $43.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
- Dollar figures in thousands
- 26Total employees (full-time equivalent)
- $41,582Total assets
- $2,111Cash and due from depository institutions
- $623Interest-bearing balances
- $9,417Securities
- $26Federal funds sold & reverse repurchase agreements
- $27,836Net loans & leases
- $395Loan loss allowance
- $0Trading account assets
- $1,581Bank premises and fixed assets
- $159Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $452All other assets
- $41,582Total liabilities and capital
- $38,154Total liabilities
- $37,809Total deposits
- $29,067Interest-bearing deposits
- $37,809Deposits held in domestic offices
- 0.00%% insured (estimated)
- $184Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $161All other liabilities
- $3,428Total equity capital
- $3,428Total bank equity capital
- $3,428Perpetual preferred stock
- $0Common stock
- $2,050Surplus
- $668Undivided profits
- Memoranda
- $710Noncurrent loans and leases
- $7,824Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $0Earning assets
- $0Long-term assets (5+ years)
- $206Average Assets, year-to-date
- $37,902Average Assets, quarterly
- $5,512Volatile liabilities
- $41,497Insider loans
- $41,776FHLB advances
- $2,516Loans and leases held for sale
- $465Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $7,824Total unused commitments
- $0Restructured Loans and leases
- $387Derivatives
Income and Expense (December 31, 1999)
- Dollar figures in thousands
- $2,850Total interest income
- $1,178Total interest expense
- $1,672Net interest income
- $153Provision for loan and lease losses
- $248Total noninterest income
- $0Fiduciary activities
- $192Service charges on deposit accounts
- $0Trading account gains & fees
- $56Additional noninterest income
- $1,752Total noninterest expense
- $838Salaries and employee benefits
- $210Premises and equipment expense
- $704Additional noninterest expense
- $15Pre-tax net operating income
- $0Securities gains (losses)
- -$83Applicable income taxes
- $98Income before extraordinary items
- $0Extraordinary gains - net
- $98Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $69Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 1999)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 7.57%Yield on earning assets
- 3.13%Cost of funding earning assets
- 4.44%Net interest margin
- 0.66%Noninterest income to earning assets
- 4.66%Noninterest expense to earning assets
- 0.24%Net operating income to assets
- 0.24%Return on assets (ROA)
- 0.04%Pretax return on assets
- 2.81%Return on equity (ROE)
- 2.81%Retained earnings to average equity (YTD only)
- 0.27%Net charge-offs to loans
- 221.74%Credit loss provision to net charge-offs
- 2.43%Efficiency ratio
- 91,250Assets per employee
- 1.60%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.40%Loss allowance to noncurrent loans
- 0.00%Noncurrent assets plus other real estate owned to assets
- 0.38%Noncurrent loans to loans
- 0.00%Net loans and leases to deposits
- 73.62%Net loans and leases to core deposits
- 78.46%Equity capital to assets
- 8.24%Core capital (leverage) ratio
- 8.35%Tier 1 risk-based capital ratio
- 11.34%Total risk-based capital ratio
- Memoranda
- $13Average assets
- $41,497Average earning assets
- $3,493Average equity
- $37,627Average loans
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- Banks in Virginia (VA)
- James River Bank/Colonial
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