NationsBank, National Association in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 29, 1995

  • NationsBank, National Association in Richmond, Virginia (VA)
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NationsBank, National Association - Overview

  • General
  • FDIC Certificate #: 6886
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank of America, National Association (#15802)
    Federal Reserve ID: 767723
    Date Established: January 01, 1867
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 557 (Interstate: No)
    FDIC's unique #: 4628
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 29, 1995
    Last Structure Change Process Date: October 23, 1995
    Last Data Update: October 23, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 1111 East Main Street, Richmond, VA 23261
    County: Richmond 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): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • Financial Summary
  • Total assets: $29,385.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $6,634Total assets
  • $11,535,797Cash and due from depository institutions
  • $1,569,395Interest-bearing balances
  • $0Securities
  • $1,735,762Federal funds sold & reverse repurchase agreements
  • $799,441Net loans & leases
  • $6,705,233Loan loss allowance
  • $235,558Trading account assets
  • $0Bank premises and fixed assets
  • $290,330Other real estate owned
  • $58,228Goodwill and other intangibles
  • $368,539Life insurance assets
  • $8,869All other assets
  • $0Total liabilities and capital
  • $11,535,797Total liabilities
  • $10,711,170Total deposits
  • $8,859,022Interest-bearing deposits
  • $6,701,251Deposits held in domestic offices
  • 8859022.00%% insured (estimated)
  • $84Federal funds purchased & repurchase agreements
  • $1,686,545Trading liabilities
  • $0Other borrowed funds
  • $116,359Subordinated debt
  • $0All other liabilities
  • $49,244Total equity capital
  • $49,244Total bank equity capital
  • $824,627Perpetual preferred stock
  • $0Common stock
  • $21,501Surplus
  • $236,576Undivided profits
  • Memoranda
  • $566,550Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $104,476Income earned, not collected on loans
  • $42,176Earning assets
  • $9,240,436Long-term assets (5+ years)
  • $426,285Average Assets, year-to-date
  • $11,779,052Average Assets, quarterly
  • $12,103,743Volatile liabilities
  • $2,241,657Insider loans
  • $82,726FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,498,465Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $826,251Total risk weighted assets
  • $8,626,492Total unused commitments
  • $0Restructured Loans and leases
  • $3,276,258Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $665,860Total interest expense
  • $282,037Net interest income
  • $383,823Provision for loan and lease losses
  • $13,600Total noninterest income
  • $249,052Fiduciary activities
  • $53,026Service charges on deposit accounts
  • $74,567Trading account gains & fees
  • $645Additional noninterest income
  • $120,814Total noninterest expense
  • $484,461Salaries and employee benefits
  • $203,260Premises and equipment expense
  • $109,830Additional noninterest expense
  • $171,371Pre-tax net operating income
  • $134,814Securities gains (losses)
  • $2,170Applicable income taxes
  • $40,678Income before extraordinary items
  • $96,306Extraordinary gains - net
  • $0Net income attributable to bank
  • $96,306Net charge-offs
  • $18,157Cash dividends
  • $163,493Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 6.77%Cost of funding earning assets
  • 2.87%Net interest margin
  • 3.90%Noninterest income to earning assets
  • 2.53%Noninterest expense to earning assets
  • 4.92%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 1.16%Return on equity (ROE)
  • 11.07%Retained earnings to average equity (YTD only)
  • -7.72%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 74.90%Efficiency ratio
  • 76,517Assets per employee
  • 1.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 169.76%Loss allowance to loans
  • 3.39%Loss allowance to noncurrent loans
  • 225.47%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 1.51%Net loans and leases to deposits
  • 75.69%Net loans and leases to core deposits
  • 79.74%Equity capital to assets
  • 7.15%Core capital (leverage) ratio
  • 6.87%Tier 1 risk-based capital ratio
  • 9.58%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $11,779,052Average earning assets
  • $869,899Average equity
  • $9,837,112Average loans

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