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)
  • Show street view No street view available for this location

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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