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- Banks in Virginia (VA)
- The Bank of Alexandria
The Bank of Alexandria in Alexandria, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of June 01, 1998
- The Bank of Alexandria in Alexandria, Virginia (VA)
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The Bank of Alexandria - Overview
- General
- FDIC Certificate #: 23988
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: F & M Bank - Northern Virginia (#25865)
Federal Reserve ID: 736626
Date Established: July 07, 1982
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
OTS Docket #: 9497
FDIC's unique #: 16729
Numeric code: 21
Regulator: FDIC
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: July 07, 1982
Last Structure Change Effective Date: June 01, 1998
Last Structure Change Process Date: June 11, 1998
Last Data Update: June 11, 1998
Data Source Date: April 05, 2012 - Location
- Address: 1717 King Street, Alexandria, VA 22314
County: Alexandria City
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: $81.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
- Dollar figures in thousands
- 37Total employees (full-time equivalent)
- $76,137Total assets
- $6,439Cash and due from depository institutions
- $3,827Interest-bearing balances
- $6,202Securities
- $0Federal funds sold & reverse repurchase agreements
- $57,721Net loans & leases
- $473Loan loss allowance
- $0Trading account assets
- $2,196Bank premises and fixed assets
- $2,433Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,146All other assets
- $76,137Total liabilities and capital
- $68,248Total liabilities
- $67,628Total deposits
- $53,993Interest-bearing deposits
- $67,628Deposits held in domestic offices
- 0.00%% insured (estimated)
- $0Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $0Other borrowed funds
- $0Subordinated debt
- $620All other liabilities
- $7,889Total equity capital
- $7,889Total bank equity capital
- $7,889Perpetual preferred stock
- $0Common stock
- $3,433Surplus
- $3,605Undivided profits
- Memoranda
- $851Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $798Earning assets
- $0Long-term assets (5+ years)
- $486Average Assets, year-to-date
- $67,750Average Assets, quarterly
- $4,378Volatile liabilities
- $75,253Insider loans
- $75,063FHLB advances
- $6,518Loans and leases held for sale
- $1,824Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $11,636Total unused commitments
- $0Restructured Loans and leases
- $59,465Derivatives
Income and Expense (December 31, 1997)
- Dollar figures in thousands
- $6,230Total interest income
- $2,557Total interest expense
- $3,673Net interest income
- $100Provision for loan and lease losses
- $569Total noninterest income
- $0Fiduciary activities
- $260Service charges on deposit accounts
- $0Trading account gains & fees
- $309Additional noninterest income
- $3,157Total noninterest expense
- $1,554Salaries and employee benefits
- $652Premises and equipment expense
- $951Additional noninterest expense
- $985Pre-tax net operating income
- $0Securities gains (losses)
- $338Applicable income taxes
- $647Income before extraordinary items
- $0Extraordinary gains - net
- $647Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $173Sale, conversion, retirement of capital stock, net
- $3Net operating income
Performance and Condition Ratios (December 31, 1997)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 9.26%Yield on earning assets
- 3.80%Cost of funding earning assets
- 5.46%Net interest margin
- 0.85%Noninterest income to earning assets
- 4.69%Noninterest expense to earning assets
- 0.86%Net operating income to assets
- 0.86%Return on assets (ROA)
- 1.31%Pretax return on assets
- 8.60%Return on equity (ROE)
- 8.56%Retained earnings to average equity (YTD only)
- 0.31%Net charge-offs to loans
- 57.80%Credit loss provision to net charge-offs
- 6.27%Efficiency ratio
- 74,422Assets per employee
- 2.06%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.46%Loss allowance to loans
- 0.81%Loss allowance to noncurrent loans
- 59.27%Noncurrent assets plus other real estate owned to assets
- 4.24%Noncurrent loans to loans
- 1.37%Net loans and leases to deposits
- 85.35%Net loans and leases to core deposits
- 94.45%Equity capital to assets
- 10.36%Core capital (leverage) ratio
- 10.62%Tier 1 risk-based capital ratio
- 13.20%Total risk-based capital ratio
- Memoranda
- $14Average assets
- $75,253Average earning assets
- $7,525Average equity
- $67,304Average loans
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- Banks in Virginia (VA)
- The Bank of Alexandria
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