FDIC Certificate #: 9983 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Virginia Bank (#17092) Federal Reserve ID: 451424 Date Established: January 01, 1913 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 3 (Interstate: No) FDIC's unique #: 6380 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 01, 1934 Last Structure Change Effective Date: September 17, 2001 Last Structure Change Process Date: November 08, 2001 Last Data Update: November 08, 2001 Data Source Date: April 05, 2012
Location
Address: 200 John Stone Street, Remington, VA 22734 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: $68.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
34Total employees (full-time equivalent)
$70,866Total assets
$2,475Cash and due from depository institutions
$664Interest-bearing balances
$22,816Securities
$0Federal funds sold & reverse repurchase agreements
$42,209Net loans & leases
$508Loan loss allowance
$0Trading account assets
$1,283Bank premises and fixed assets
$1,044Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,039All other assets
$70,866Total liabilities and capital
$63,159Total liabilities
$62,906Total deposits
$51,390Interest-bearing deposits
$62,906Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$253All other liabilities
$7,707Total equity capital
$7,707Total bank equity capital
$7,707Perpetual preferred stock
$0Common stock
$2,000Surplus
$2,438Undivided profits
Memoranda
$3,269Noncurrent loans and leases
$5,101Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$361Earning assets
$0Long-term assets (5+ years)
$241Average Assets, year-to-date
$65,689Average Assets, quarterly
$7,295Volatile liabilities
$71,173Insider loans
$71,422FHLB advances
$4,481Loans and leases held for sale
$2,052Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,101Total unused commitments
$0Restructured Loans and leases
$508Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$5,047Total interest income
$1,978Total interest expense
$3,069Net interest income
$190Provision for loan and lease losses
$657Total noninterest income
$0Fiduciary activities
$403Service charges on deposit accounts
$0Trading account gains & fees
$254Additional noninterest income
$2,628Total noninterest expense
$1,343Salaries and employee benefits
$368Premises and equipment expense
$917Additional noninterest expense
$908Pre-tax net operating income
-$3Securities gains (losses)
$227Applicable income taxes
$678Income before extraordinary items
$0Extraordinary gains - net
$678Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$119Sale, conversion, retirement of capital stock, net
$522Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.74%Yield on earning assets
3.04%Cost of funding earning assets
4.71%Net interest margin
1.01%Noninterest income to earning assets
4.03%Noninterest expense to earning assets
0.96%Net operating income to assets
0.95%Return on assets (ROA)
1.27%Pretax return on assets
9.13%Return on equity (ROE)
2.10%Retained earnings to average equity (YTD only)
0.29%Net charge-offs to loans
159.66%Credit loss provision to net charge-offs
9.23%Efficiency ratio
70,531Assets per employee
2.08%Cash dividends to net income (YTD only)
Condition Ratios (%)
76.99%Loss allowance to loans
1.19%Loss allowance to noncurrent loans
140.72%Noncurrent assets plus other real estate owned to assets
1.98%Noncurrent loans to loans
0.85%Net loans and leases to deposits
67.10%Net loans and leases to core deposits
72.24%Equity capital to assets
10.88%Core capital (leverage) ratio
10.55%Tier 1 risk-based capital ratio
15.51%Total risk-based capital ratio
Memoranda
$17Average assets
$71,173Average earning assets
$7,427Average equity
$65,166Average loans
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