The Horizon Bank of Virginia in Fairfax, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1999

  • The Horizon Bank of Virginia in Fairfax, Virginia (VA)
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The Horizon Bank of Virginia - Overview

  • General
  • FDIC Certificate #: 33146
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Southern Financial Bank (#32470)
    Federal Reserve ID: 1476349
    Date Established: October 01, 1990
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 46382
    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: October 01, 1990
    Last Structure Change Effective Date: October 01, 1999
    Last Structure Change Process Date: November 12, 1999
    Last Data Update: November 12, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 8414 Lee Highway, Fairfax, VA 22031
    County: Fairfax 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: $127.7 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, 1998)

  • Dollar figures in thousands
  • 54Total employees (full-time equivalent)
  • $145,410Total assets
  • $5,446Cash and due from depository institutions
  • $0Interest-bearing balances
  • $29,169Securities
  • $30,846Federal funds sold & reverse repurchase agreements
  • $74,722Net loans & leases
  • $1,011Loan loss allowance
  • $0Trading account assets
  • $3,106Bank premises and fixed assets
  • $426Other real estate owned
  • $93Goodwill and other intangibles
  • $0Life insurance assets
  • $1,602All other assets
  • $145,410Total liabilities and capital
  • $135,707Total liabilities
  • $115,021Total deposits
  • $85,940Interest-bearing deposits
  • $115,021Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $20,006Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $680All other liabilities
  • $9,703Total equity capital
  • $9,703Total bank equity capital
  • $9,703Perpetual preferred stock
  • $0Common stock
  • $4,099Surplus
  • $3,218Undivided profits
  • Memoranda
  • $2,386Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,573Earning assets
  • $74Long-term assets (5+ years)
  • $437Average Assets, year-to-date
  • $134,737Average Assets, quarterly
  • $11,580Volatile liabilities
  • $127,749Insider loans
  • $134,353FHLB advances
  • $43,533Loans and leases held for sale
  • $1,853Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,335Total risk weighted assets
  • $24,456Total unused commitments
  • $0Restructured Loans and leases
  • $82,311Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $9,116Total interest income
  • $4,016Total interest expense
  • $5,100Net interest income
  • $326Provision for loan and lease losses
  • $810Total noninterest income
  • $0Fiduciary activities
  • $350Service charges on deposit accounts
  • $0Trading account gains & fees
  • $460Additional noninterest income
  • $4,532Total noninterest expense
  • $1,937Salaries and employee benefits
  • $970Premises and equipment expense
  • $1,625Additional noninterest expense
  • $1,052Pre-tax net operating income
  • $0Securities gains (losses)
  • $358Applicable income taxes
  • $694Income before extraordinary items
  • $0Extraordinary gains - net
  • $694Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $22Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.83%Yield on earning assets
  • 3.45%Cost of funding earning assets
  • 4.38%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.89%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 0.82%Pretax return on assets
  • 7.43%Return on equity (ROE)
  • 7.43%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1481.82%Credit loss provision to net charge-offs
  • 62.64%Efficiency ratio
  • 76,176Assets per employee
  • 2.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.33%Loss allowance to noncurrent loans
  • 64.27%Noncurrent assets plus other real estate owned to assets
  • 1.37%Noncurrent loans to loans
  • 2.08%Net loans and leases to deposits
  • 64.96%Net loans and leases to core deposits
  • 81.67%Equity capital to assets
  • 6.67%Core capital (leverage) ratio
  • 7.53%Tier 1 risk-based capital ratio
  • 11.64%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $127,749Average earning assets
  • $9,335Average equity
  • $116,418Average loans

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