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

This bank is inactive as of September 14, 2007

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

  • General
  • FDIC Certificate #: 6845
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: PNC Bank, National Association (#6384)
    Federal Reserve ID: 246321
    Date Established: October 11, 1865
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 8 (Interstate: No)
    OTS Docket #: 11329
    FDIC's unique #: 4603
    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: January 01, 1934
    Last Structure Change Effective Date: September 14, 2007
    Last Structure Change Process Date: December 31, 2007
    Last Data Update: December 31, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 2403 Fall Hill Avenue, Fredericksburg, VA 22401
    County: Fredericksburg 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: $484.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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
  • 97Total employees (full-time equivalent)
  • $486,628Total assets
  • $10,403Cash and due from depository institutions
  • $0Interest-bearing balances
  • $80,195Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $377,646Net loans & leases
  • $3,496Loan loss allowance
  • $0Trading account assets
  • $7,199Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $2,170Life insurance assets
  • $11,185All other assets
  • $486,628Total liabilities and capital
  • $447,509Total liabilities
  • $411,085Total deposits
  • $290,256Interest-bearing deposits
  • $411,085Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $25,806Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $7,000Subordinated debt
  • $3,618All other liabilities
  • $39,119Total equity capital
  • $39,119Total bank equity capital
  • $39,119Perpetual preferred stock
  • $0Common stock
  • $880Surplus
  • $1,325Undivided profits
  • Memoranda
  • $36,914Noncurrent loans and leases
  • $131,016Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $151Earning assets
  • $0Long-term assets (5+ years)
  • $2,617Average Assets, year-to-date
  • $457,841Average Assets, quarterly
  • $89,809Volatile liabilities
  • $471,809Insider loans
  • $483,164FHLB advances
  • $98,644Loans and leases held for sale
  • $30,024Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $229Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $131,016Total unused commitments
  • $0Restructured Loans and leases
  • $10,816Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $28,956Total interest income
  • $8,528Total interest expense
  • $20,428Net interest income
  • -$514Provision for loan and lease losses
  • $3,948Total noninterest income
  • $635Fiduciary activities
  • $1,558Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,755Additional noninterest income
  • $11,534Total noninterest expense
  • $5,254Salaries and employee benefits
  • $1,429Premises and equipment expense
  • $4,851Additional noninterest expense
  • $13,356Pre-tax net operating income
  • $16Securities gains (losses)
  • $4,525Applicable income taxes
  • $8,847Income before extraordinary items
  • $0Extraordinary gains - net
  • $8,847Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $78Sale, conversion, retirement of capital stock, net
  • $5,751Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.51%Yield on earning assets
  • 1.92%Cost of funding earning assets
  • 4.59%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 1.87%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 2.83%Pretax return on assets
  • 23.80%Return on equity (ROE)
  • 8.33%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • -658.97%Credit loss provision to net charge-offs
  • 164.64%Efficiency ratio
  • 47,317Assets per employee
  • 5.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.01%Loss allowance to loans
  • 0.92%Loss allowance to noncurrent loans
  • 2315.23%Noncurrent assets plus other real estate owned to assets
  • 0.03%Noncurrent loans to loans
  • 0.04%Net loans and leases to deposits
  • 91.87%Net loans and leases to core deposits
  • 111.65%Equity capital to assets
  • 8.04%Core capital (leverage) ratio
  • 8.38%Tier 1 risk-based capital ratio
  • 9.90%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $471,809Average earning assets
  • $37,180Average equity
  • $444,703Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $125,446Managed Assets
  • 1Number of Accounts
  • $122,842Personal trust and agency accounts
  • $37,708Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $4,257Other retirement accounts
  • $3,301Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $77,576Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 155Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,604Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $2,604Fiduciary accounts held in foreign offices

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