Old Dominion National Bank in North Garden, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Old Dominion National Bank - Overview

  • General
  • FDIC Certificate #: 58504
    Status: Active
    Federal Reserve ID: 3610718
    Date Established: July 23, 2007
    WWW: http://www.odnbonline.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 454795
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 23, 2007
    Last Structure Change Effective Date: May 01, 2008
    Last Structure Change Process Date: May 06, 2008
    Last Data Update: May 06, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 4916 Plank Road, Suite 216, North Garden, VA 22959
    County: Albemarle
    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): Charlottesville, VA (#1540)
    Core Based Statistical Area (CBSA): Charlottesville, VA (#16820)
    CBSA Metro Statistical Area: Charlottesville, VA (#16820)
  • Financial Summary
  • Total assets: $48.2 mil
    Equity capital: $4.1 mil
    Deposits held in domestic offices: $44.1 mil
    Return on assets (ROA): -1.15% (-$0.6 mil)
    Quarterly return on assets: -3.72% (-$1.8 mil)
    Return on Equity (ROE): -12.69% (-$0.5 mil)
    Quarterly return on equity: -41.30% (-$1.7 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.4 mil
    Pretax return on assets: -1.15% (-$554.5 mil)
    Quarterly Pretax return on assets: -3.72% (-$1,793.7 mil)

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 13Total employees (full-time equivalent)
  • $48,217Total assets
  • $9,394Cash and due from depository institutions
  • $8,809Interest-bearing balances
  • $999Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $34,992Net loans & leases
  • $717Loan loss allowance
  • $0Trading account assets
  • $1,058Bank premises and fixed assets
  • $1,090Other real estate owned
  • $0Goodwill and other intangibles
  • $48,217Life insurance assets
  • $684All other assets
  • $44,131Total liabilities and capital
  • $44,107Total liabilities
  • $41,214Total deposits
  • $44,107Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $24Subordinated debt
  • $4,086All other liabilities
  • $4,086Total equity capital
  • $4,086Total bank equity capital
  • $0Perpetual preferred stock
  • $4,998Common stock
  • $2,740Surplus
  • $-3,652Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $478Income earned, not collected on loans
  • $0Earning assets
  • $126Long-term assets (5+ years)
  • $44,800Average Assets, year-to-date
  • $1,572Average Assets, quarterly
  • $49,523Volatile liabilities
  • $47,864Insider loans
  • $32,400FHLB advances
  • $47,406Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $4,087Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,756Restructured Loans and leases
  • $884Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,446Total interest income
  • $651Total interest expense
  • $1,795Net interest income
  • $395Provision for loan and lease losses
  • $66Total noninterest income
  • $0Fiduciary activities
  • $57Service charges on deposit accounts
  • $0Trading account gains & fees
  • $9Additional noninterest income
  • $2,097Total noninterest expense
  • $821Salaries and employee benefits
  • $370Premises and equipment expense
  • $906Additional noninterest expense
  • -$631Pre-tax net operating income
  • $61Securities gains (losses)
  • $0Applicable income taxes
  • -$570Income before extraordinary items
  • $0Extraordinary gains - net
  • -$570Net income attributable to bank
  • $0Net charge-offs
  • -$570Cash dividends
  • $426Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.48%Yield on earning assets
  • 1.46%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.15%Noninterest income to earning assets
  • 4.69%Noninterest expense to earning assets
  • -1.27%Net operating income to assets
  • -1.15%Return on assets (ROA)
  • -1.15%Pretax return on assets
  • -12.69%Return on equity (ROE)
  • -12.69%Retained earnings to average equity (YTD only)
  • 1.17%Net charge-offs to loans
  • 92.72%Credit loss provision to net charge-offs
  • -0.55%Efficiency ratio
  • 112,681Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.01%Loss allowance to noncurrent loans
  • 150.00%Noncurrent assets plus other real estate owned to assets
  • 3.25%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 79.33%Net loans and leases to core deposits
  • 79.80%Equity capital to assets
  • 8.47%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 12.61%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $49,523Average earning assets
  • $4,491Average equity
  • $44,665Average loans

List of branches

  • 2 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0454795Old Dominion National Bank4916 Plank Road, Suite 216, North Garden, VA 22959July 23, 2007Full Service Brick and Mortar
    1492416Scottsville Branch110 D Scottsville Center, State Routes 726 & 6, Scottsville, VA 24590Febuary 01, 2009Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Old Dominion National Bank.
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.
Table of Contents