Southern Financial Bank in Warrenton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 01, 2004

  • Southern Financial Bank in Warrenton, Virginia (VA)
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Southern Financial Bank - Overview

  • General
  • FDIC Certificate #: 32470
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Provident Bank of Maryland (#15951)
    Federal Reserve ID: 47377
    Date Established: April 11, 1986
    WWW: http://www.southernfinancialbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 28 (Interstate: No)
    OTS Docket #: 8298
    FDIC's unique #: 45304
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 01, 1995
    Last Structure Change Effective Date: May 01, 2004
    Last Structure Change Process Date: May 24, 2004
    Last Data Update: May 24, 2004
    Data Source Date: April 05, 2012
  • Location
  • Address: 37 East Main Street, Warrenton, VA 22186
    County: Fauquier
    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: $1,099.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)

  • Dollar figures in thousands
  • 234Total employees (full-time equivalent)
  • $1,092,431Total assets
  • $36,386Cash and due from depository institutions
  • $11,527Interest-bearing balances
  • $391,819Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $589,115Net loans & leases
  • $10,498Loan loss allowance
  • $0Trading account assets
  • $9,560Bank premises and fixed assets
  • $0Other real estate owned
  • $14,770Goodwill and other intangibles
  • $0Life insurance assets
  • $50,781All other assets
  • $1,092,431Total liabilities and capital
  • $980,172Total liabilities
  • $746,508Total deposits
  • $641,156Interest-bearing deposits
  • $746,508Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $137,959Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $72,000Other borrowed funds
  • $0Subordinated debt
  • $23,705All other liabilities
  • $112,259Total equity capital
  • $112,259Total bank equity capital
  • $112,259Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $65,786Undivided profits
  • Memoranda
  • $44,473Noncurrent loans and leases
  • $115,517Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $7,544Earning assets
  • $1,966Long-term assets (5+ years)
  • $3,790Average Assets, year-to-date
  • $992,461Average Assets, quarterly
  • $376,722Volatile liabilities
  • $1,060,300Insider loans
  • $1,098,730FHLB advances
  • $533,684Loans and leases held for sale
  • $883Unused loan commitments
  • $72,000Tier 1 (core) risk-based capital
  • $327,500Tier 2 risk-based capital
  • $8,651Total risk weighted assets
  • $115,517Total unused commitments
  • $0Restructured Loans and leases
  • $9,331Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $54,552Total interest income
  • $13,005Total interest expense
  • $41,547Net interest income
  • $4,805Provision for loan and lease losses
  • $7,440Total noninterest income
  • $0Fiduciary activities
  • $2,735Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,705Additional noninterest income
  • $22,661Total noninterest expense
  • $11,409Salaries and employee benefits
  • $4,194Premises and equipment expense
  • $7,058Additional noninterest expense
  • $21,521Pre-tax net operating income
  • -$95Securities gains (losses)
  • $7,027Applicable income taxes
  • $14,399Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,399Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,564Sale, conversion, retirement of capital stock, net
  • $3,107Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.72%Yield on earning assets
  • 1.36%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.78%Noninterest income to earning assets
  • 2.37%Noninterest expense to earning assets
  • 1.36%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 2.02%Pretax return on assets
  • 14.01%Return on equity (ROE)
  • 10.99%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 105.28%Credit loss provision to net charge-offs
  • 5.77%Efficiency ratio
  • 45,647Assets per employee
  • 4.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 21.58%Loss allowance to loans
  • 1.75%Loss allowance to noncurrent loans
  • 139.16%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.26%Net loans and leases to deposits
  • 78.92%Net loans and leases to core deposits
  • 164.66%Equity capital to assets
  • 10.28%Core capital (leverage) ratio
  • 9.13%Tier 1 risk-based capital ratio
  • 13.36%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $1,060,300Average earning assets
  • $102,740Average equity
  • $954,175Average loans

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