- bankencyclopedia.com
- Banks in Virginia (VA)
- NationsBank, National Association
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)
-
Show street view
No street view available for this location
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
- bankencyclopedia.com
- Banks in Virginia (VA)
- NationsBank, National Association
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with NationsBank, National Association.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: