People's Bank of Virginia in Virginia Beach, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 11, 1993

  • People's Bank of Virginia in Virginia Beach, Virginia (VA)
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People's Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 27241
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Jefferson National Bank (#6871)
    Federal Reserve ID: 1188606
    Date Established: April 25, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 39181
    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: April 25, 1988
    Last Structure Change Effective Date: Febuary 11, 1993
    Last Structure Change Process Date: Febuary 23, 1993
    Last Data Update: Febuary 23, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 621 Nevan Road, Virginia Beach, VA 23451
    County: Virginia Beach 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): 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: $13.8 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $11Total assets
  • $13,818Cash and due from depository institutions
  • $794Interest-bearing balances
  • $0Securities
  • $3,644Federal funds sold & reverse repurchase agreements
  • $300Net loans & leases
  • $7,561Loan loss allowance
  • $210Trading account assets
  • $0Bank premises and fixed assets
  • $1,115Other real estate owned
  • $153Goodwill and other intangibles
  • $251Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $13,818Total liabilities
  • $12,884Total deposits
  • $12,838Interest-bearing deposits
  • $11,036Deposits held in domestic offices
  • 12838.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $46Total equity capital
  • $46Total bank equity capital
  • $934Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $1,967Undivided profits
  • Memoranda
  • $-3,033Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $17Income earned, not collected on loans
  • $52Earning assets
  • $11,505Long-term assets (5+ years)
  • $1,050Average Assets, year-to-date
  • $16,083Average Assets, quarterly
  • $14,387Volatile liabilities
  • $2,347Insider loans
  • $113FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $857Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $934Total risk weighted assets
  • $8,883Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,189Total interest expense
  • $609Net interest income
  • $580Provision for loan and lease losses
  • $0Total noninterest income
  • $153Fiduciary activities
  • $0Service charges on deposit accounts
  • $127Trading account gains & fees
  • $0Additional noninterest income
  • $26Total noninterest expense
  • $814Salaries and employee benefits
  • $362Premises and equipment expense
  • $217Additional noninterest expense
  • $235Pre-tax net operating income
  • -$81Securities gains (losses)
  • $120Applicable income taxes
  • $0Income before extraordinary items
  • $39Extraordinary gains - net
  • $0Net income attributable to bank
  • $39Net charge-offs
  • $105Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.60%Cost of funding earning assets
  • 4.40%Net interest margin
  • 4.19%Noninterest income to earning assets
  • 1.11%Noninterest expense to earning assets
  • 5.89%Net operating income to assets
  • -0.50%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 0.24%Return on equity (ROE)
  • 4.16%Retained earnings to average equity (YTD only)
  • 4.16%Net charge-offs to loans
  • 1.20%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 111,050Assets per employee
  • 1.26%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.70%Loss allowance to noncurrent loans
  • 1235.29%Noncurrent assets plus other real estate owned to assets
  • 1.23%Noncurrent loans to loans
  • 0.22%Net loans and leases to deposits
  • 58.90%Net loans and leases to core deposits
  • 72.07%Equity capital to assets
  • 6.76%Core capital (leverage) ratio
  • 6.29%Tier 1 risk-based capital ratio
  • 10.51%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $16,083Average earning assets
  • $936Average equity
  • $13,828Average loans

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