Peoples Bank of Virginia in Chesterfield County, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1998

  • Peoples Bank of Virginia in Chesterfield County, Virginia (VA)
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Peoples Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 25860
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: F & M Bank-Richmond (#22390)
    Federal Reserve ID: 628721
    Date Established: January 28, 1985
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 32097
    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: January 28, 1985
    Last Structure Change Effective Date: April 01, 1998
    Last Structure Change Process Date: April 08, 1998
    Last Data Update: April 08, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 9970 Ironbridge Road, Chesterfield County, VA 23832
    County: Chesterfield
    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: $82.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 38Total employees (full-time equivalent)
  • $80,418Total assets
  • $4,296Cash and due from depository institutions
  • $0Interest-bearing balances
  • $16,493Securities
  • $11,275Federal funds sold & reverse repurchase agreements
  • $46,387Net loans & leases
  • $575Loan loss allowance
  • $0Trading account assets
  • $1,408Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $559All other assets
  • $80,418Total liabilities and capital
  • $72,217Total liabilities
  • $70,386Total deposits
  • $55,213Interest-bearing deposits
  • $70,386Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,460Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $371All other liabilities
  • $8,201Total equity capital
  • $8,201Total bank equity capital
  • $8,201Perpetual preferred stock
  • $0Common stock
  • $3,014Surplus
  • $2,568Undivided profits
  • Memoranda
  • $2,619Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $231Average Assets, year-to-date
  • $74,155Average Assets, quarterly
  • $876Volatile liabilities
  • $77,197Insider loans
  • $79,908FHLB advances
  • $12,620Loans and leases held for sale
  • $2,865Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,167Total unused commitments
  • $0Restructured Loans and leases
  • $52,213Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $5,590Total interest income
  • $2,319Total interest expense
  • $3,271Net interest income
  • $17Provision for loan and lease losses
  • $548Total noninterest income
  • $0Fiduciary activities
  • $413Service charges on deposit accounts
  • $0Trading account gains & fees
  • $135Additional noninterest income
  • $2,250Total noninterest expense
  • $1,131Salaries and employee benefits
  • $443Premises and equipment expense
  • $676Additional noninterest expense
  • $1,552Pre-tax net operating income
  • -$1Securities gains (losses)
  • $548Applicable income taxes
  • $1,003Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,003Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $37Sale, conversion, retirement of capital stock, net
  • $79Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.90%Yield on earning assets
  • 3.28%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.77%Noninterest income to earning assets
  • 3.18%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 2.01%Pretax return on assets
  • 13.03%Return on equity (ROE)
  • 12.01%Retained earnings to average equity (YTD only)
  • 0.09%Net charge-offs to loans
  • 45.95%Credit loss provision to net charge-offs
  • 42.41%Efficiency ratio
  • 58,916Assets per employee
  • 2.12%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 7.88%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 65.90%Net loans and leases to core deposits
  • 78.32%Equity capital to assets
  • 10.20%Core capital (leverage) ratio
  • 10.32%Tier 1 risk-based capital ratio
  • 15.67%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $77,197Average earning assets
  • $7,696Average equity
  • $70,785Average loans

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