Providence Savings and Loan Association, F.A. in Vienna, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 18, 1994

  • Providence Savings and Loan Association, F.A. in Vienna, Virginia (VA)
  • Show street view No street view available for this location

Providence Savings and Loan Association, F.A. - Overview

  • General
  • FDIC Certificate #: 31023
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crestar Bank (#832)
    Federal Reserve ID: 876278
    Date Established: January 01, 1957
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 6267
    FDIC's unique #: 43857
    Numeric code: 37
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: December 22, 1958
    Last Structure Change Effective Date: March 18, 1994
    Last Structure Change Process Date: March 30, 1994
    Last Data Update: March 30, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 527 Maple Avenue East, Vienna, VA 22180
    County: Fairfax
    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): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $420.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $132Total assets
  • $419,985Cash and due from depository institutions
  • $9,172Interest-bearing balances
  • $5,409Securities
  • $105,916Federal funds sold & reverse repurchase agreements
  • $24Net loans & leases
  • $260,146Loan loss allowance
  • $3,649Trading account assets
  • $0Bank premises and fixed assets
  • $6,393Other real estate owned
  • $24,465Goodwill and other intangibles
  • $8,030Life insurance assets
  • $5,839All other assets
  • $0Total liabilities and capital
  • $419,985Total liabilities
  • $385,019Total deposits
  • $324,145Interest-bearing deposits
  • $320,630Deposits held in domestic offices
  • 324145.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $58,679Subordinated debt
  • $0All other liabilities
  • $2,195Total equity capital
  • $2,195Total bank equity capital
  • $34,966Perpetual preferred stock
  • $0Common stock
  • $2Surplus
  • $18,142Undivided profits
  • Memoranda
  • $16,822Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,245Income earned, not collected on loans
  • $1,546Earning assets
  • $371,495Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $419,112Average Assets, quarterly
  • $421,695Volatile liabilities
  • $85,110Insider loans
  • $320FHLB advances
  • $58,679Loans and leases held for sale
  • $0Unused loan commitments
  • $5,494Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $28,941Total risk weighted assets
  • $227,521Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $28,825Total interest expense
  • $15,567Net interest income
  • $13,258Provision for loan and lease losses
  • -$570Total noninterest income
  • $1,787Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,787Total noninterest expense
  • $12,279Salaries and employee benefits
  • $5,837Premises and equipment expense
  • $2,024Additional noninterest expense
  • $4,418Pre-tax net operating income
  • $3,336Securities gains (losses)
  • $849Applicable income taxes
  • $1,610Income before extraordinary items
  • $2,575Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,575Net charge-offs
  • $172Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.91%Cost of funding earning assets
  • 4.27%Net interest margin
  • 3.64%Noninterest income to earning assets
  • 0.49%Noninterest expense to earning assets
  • 3.37%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.61%Pretax return on assets
  • 1.00%Return on equity (ROE)
  • 7.68%Retained earnings to average equity (YTD only)
  • 7.68%Net charge-offs to loans
  • 0.06%Credit loss provision to net charge-offs
  • -331.40%Efficiency ratio
  • 79,408Assets per employee
  • 3.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 69.57%Noncurrent assets plus other real estate owned to assets
  • 6.80%Noncurrent loans to loans
  • 1.99%Net loans and leases to deposits
  • 80.26%Net loans and leases to core deposits
  • 87.38%Equity capital to assets
  • 8.33%Core capital (leverage) ratio
  • 6.99%Tier 1 risk-based capital ratio
  • 12.72%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $419,112Average earning assets
  • $33,517Average equity
  • $364,352Average loans

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 Providence Savings and Loan Association, F.A..
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