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

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