State Bank in Remington, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 17, 2001

  • State Bank in Remington, Virginia (VA)
  • Show street view No street view available for this location

State Bank - Overview

  • General
  • 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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