The Bank of Richmond, National Association in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 2007

  • The Bank of Richmond, National Association in Richmond, Virginia (VA)
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The Bank of Richmond, National Association - Overview

  • General
  • FDIC Certificate #: 35160
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Gateway Bank & Trust Company (#34861)
    Federal Reserve ID: 2833181
    Date Established: July 15, 1999
    WWW: http://www.bankr.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 75631
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: July 15, 1999
    Last Structure Change Effective Date: June 01, 2007
    Last Structure Change Process Date: June 12, 2007
    Last Data Update: June 12, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2730 Buford Road, Richmond, VA 23235
    County: Chesterfield
    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: $188.9 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, 2006)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $180,097Total assets
  • $10,023Cash and due from depository institutions
  • $6,151Interest-bearing balances
  • $5,775Securities
  • $12,583Federal funds sold & reverse repurchase agreements
  • $140,789Net loans & leases
  • $1,629Loan loss allowance
  • $0Trading account assets
  • $7,017Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,910All other assets
  • $180,097Total liabilities and capital
  • $161,067Total liabilities
  • $158,283Total deposits
  • $144,168Interest-bearing deposits
  • $158,283Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $6Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $2,778All other liabilities
  • $19,030Total equity capital
  • $19,030Total bank equity capital
  • $19,030Perpetual preferred stock
  • $0Common stock
  • $6,869Surplus
  • $7,555Undivided profits
  • Memoranda
  • $4,606Noncurrent loans and leases
  • $70,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $49Earning assets
  • $0Long-term assets (5+ years)
  • $973Average Assets, year-to-date
  • $165,298Average Assets, quarterly
  • $3,119Volatile liabilities
  • $158,103Insider loans
  • $174,272FHLB advances
  • $39,773Loans and leases held for sale
  • $6,643Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $70,252Total unused commitments
  • $0Restructured Loans and leases
  • $1,629Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $12,286Total interest income
  • $4,846Total interest expense
  • $7,440Net interest income
  • $191Provision for loan and lease losses
  • $602Total noninterest income
  • $0Fiduciary activities
  • $244Service charges on deposit accounts
  • $0Trading account gains & fees
  • $358Additional noninterest income
  • $4,608Total noninterest expense
  • $3,056Salaries and employee benefits
  • $414Premises and equipment expense
  • $1,138Additional noninterest expense
  • $3,243Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,140Applicable income taxes
  • $2,103Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,103Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $9Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.42%Yield on earning assets
  • 3.32%Cost of funding earning assets
  • 5.10%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 1.33%Net operating income to assets
  • 1.33%Return on assets (ROA)
  • 2.05%Pretax return on assets
  • 11.81%Return on equity (ROE)
  • 11.81%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2122.22%Credit loss provision to net charge-offs
  • 381.56%Efficiency ratio
  • 57,299Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 3324.49%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.03%Net loans and leases to deposits
  • 88.95%Net loans and leases to core deposits
  • 118.79%Equity capital to assets
  • 10.57%Core capital (leverage) ratio
  • 10.82%Tier 1 risk-based capital ratio
  • 11.75%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $158,103Average earning assets
  • $17,808Average equity
  • $145,941Average loans

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