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- Banks in Virginia (VA)
- River City Bank
River City Bank in Mechanicsville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of October 14, 2008
- River City Bank in Mechanicsville, Virginia (VA)
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River City Bank - Overview
- General
- FDIC Certificate #: 57743
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Village Bank (#35111)
Federal Reserve ID: 3267185
Date Established: July 01, 2004
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
FDIC's unique #: 423302
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: July 01, 2004
Last Structure Change Effective Date: October 14, 2008
Last Structure Change Process Date: November 26, 2008
Last Data Update: November 26, 2008
Data Source Date: April 05, 2012 - Location
- Address: 6127 Mechanicsville Turnpike, Mechanicsville, VA 23111
County: Hanover
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: $149.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
- Dollar figures in thousands
- 36Total employees (full-time equivalent)
- $121,893Total assets
- $2,922Cash and due from depository institutions
- $1,591Interest-bearing balances
- $21,343Securities
- $631Federal funds sold & reverse repurchase agreements
- $94,802Net loans & leases
- $977Loan loss allowance
- $0Trading account assets
- $891Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,304All other assets
- $121,893Total liabilities and capital
- $106,395Total liabilities
- $104,535Total deposits
- $96,963Interest-bearing deposits
- $104,535Deposits held in domestic offices
- 0.00%% insured (estimated)
- $1,301Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $559All other liabilities
- $15,498Total equity capital
- $15,498Total bank equity capital
- $15,498Perpetual preferred stock
- $0Common stock
- $9,006Surplus
- $8,833Undivided profits
- Memoranda
- $-2,341Noncurrent loans and leases
- $19,452Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $35Earning assets
- $0Long-term assets (5+ years)
- $681Average Assets, year-to-date
- $118,367Average Assets, quarterly
- $26,982Volatile liabilities
- $107,442Insider loans
- $118,085FHLB advances
- $19,621Loans and leases held for sale
- $4,694Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $19,452Total unused commitments
- $0Restructured Loans and leases
- $977Derivatives
Income and Expense (December 31, 2007)
- Dollar figures in thousands
- $7,828Total interest income
- $4,178Total interest expense
- $3,650Net interest income
- $565Provision for loan and lease losses
- $358Total noninterest income
- $0Fiduciary activities
- $39Service charges on deposit accounts
- $0Trading account gains & fees
- $319Additional noninterest income
- $3,885Total noninterest expense
- $1,795Salaries and employee benefits
- $581Premises and equipment expense
- $1,509Additional noninterest expense
- -$442Pre-tax net operating income
- $4Securities gains (losses)
- $0Applicable income taxes
- -$438Income before extraordinary items
- $0Extraordinary gains - net
- -$438Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $193Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2007)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 7.55%Yield on earning assets
- 4.03%Cost of funding earning assets
- 3.52%Net interest margin
- 0.35%Noninterest income to earning assets
- 3.74%Noninterest expense to earning assets
- -0.41%Net operating income to assets
- -0.41%Return on assets (ROA)
- -0.41%Pretax return on assets
- -2.84%Return on equity (ROE)
- -2.84%Retained earnings to average equity (YTD only)
- 0.25%Net charge-offs to loans
- 292.75%Credit loss provision to net charge-offs
- 0.64%Efficiency ratio
- 96,931Assets per employee
- 3.39%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.02%Loss allowance to noncurrent loans
- 2791.43%Noncurrent assets plus other real estate owned to assets
- 0.03%Noncurrent loans to loans
- 0.04%Net loans and leases to deposits
- 90.69%Net loans and leases to core deposits
- 109.96%Equity capital to assets
- 12.71%Core capital (leverage) ratio
- 12.84%Tier 1 risk-based capital ratio
- 15.89%Total risk-based capital ratio
- Memoranda
- $17Average assets
- $107,442Average earning assets
- $15,408Average equity
- $103,746Average loans
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- Banks in Virginia (VA)
- River City Bank
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