The Old Point National Bank of Phoebus in Hampton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Old Point National Bank of Phoebus in Hampton, Virginia (VA)
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The Old Point National Bank of Phoebus - Overview

  • General
  • FDIC Certificate #: 6892
    Status: Active
    Federal Reserve ID: 186221
    Bank Holding Company (Regulatory Top Holder): Old Point Financial Corporation (RSSDID: 1076673, Location: Hampton, VA)
    Date Established: November 04, 1922
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 24 (Domestic: 24, Interstate: No)
    OTS Docket #: 12252
    FDIC's unique #: 4631
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 1 West Mellen Street, Hampton, VA 23663
    County: Hampton 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): Norfolk-Virginia Beach-Newport News, VA-NC (#5720)
    Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
    CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $845.3 mil
    Equity capital: $80.6 mil
    Deposits held in domestic offices: $691.3 mil
    Return on assets (ROA): 0.39% ($3.3 mil)
    Quarterly return on assets: 0.42% ($3.5 mil)
    Return on Equity (ROE): 4.28% ($3.5 mil)
    Quarterly return on equity: 4.45% ($3.6 mil)
    Net income: $3.3 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 0.52% ($4,395.7 mil)
    Quarterly Pretax return on assets: 0.56% ($4,733.8 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, 2011)

  • Dollar figures in thousands
  • 289Total employees (full-time equivalent)
  • $845,323Total assets
  • $23,501Cash and due from depository institutions
  • $14,328Interest-bearing balances
  • $235,089Securities
  • $1,354Federal funds sold & reverse repurchase agreements
  • $511,953Net loans & leases
  • $8,498Loan loss allowance
  • $0Trading account assets
  • $30,208Bank premises and fixed assets
  • $9,390Other real estate owned
  • $0Goodwill and other intangibles
  • $845,323Life insurance assets
  • $33,828All other assets
  • $764,718Total liabilities and capital
  • $691,284Total liabilities
  • $527,240Total deposits
  • $691,284Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 37241.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,000Trading liabilities
  • $0Other borrowed funds
  • $1,193Subordinated debt
  • $80,605All other liabilities
  • $80,605Total equity capital
  • $80,605Total bank equity capital
  • $0Perpetual preferred stock
  • $1,366Common stock
  • $1,463Surplus
  • $77,776Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,992Income earned, not collected on loans
  • $0Earning assets
  • $2,523Long-term assets (5+ years)
  • $762,724Average Assets, year-to-date
  • $264,800Average Assets, quarterly
  • $852,349Volatile liabilities
  • $846,799Insider loans
  • $595,341FHLB advances
  • $843,225Loans and leases held for sale
  • $21,593Unused loan commitments
  • $21,143Tier 1 (core) risk-based capital
  • $80,955Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $450Total unused commitments
  • $84,033Restructured Loans and leases
  • $2,048Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $36,206Total interest income
  • $6,715Total interest expense
  • $29,491Net interest income
  • $3,700Provision for loan and lease losses
  • $6,705Total noninterest income
  • $0Fiduciary activities
  • $4,256Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,449Additional noninterest income
  • $28,880Total noninterest expense
  • $16,574Salaries and employee benefits
  • $4,094Premises and equipment expense
  • $8,212Additional noninterest expense
  • $3,616Pre-tax net operating income
  • $787Securities gains (losses)
  • $1,055Applicable income taxes
  • $3,348Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,348Net income attributable to bank
  • $0Net charge-offs
  • $3,348Cash dividends
  • $8,430Sale, conversion, retirement of capital stock, net
  • $450Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 3.86%Net interest margin
  • 0.88%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.32%Net operating income to assets
  • 0.39%Return on assets (ROA)
  • 0.52%Pretax return on assets
  • 4.28%Return on equity (ROE)
  • 3.71%Retained earnings to average equity (YTD only)
  • 1.54%Net charge-offs to loans
  • 43.89%Credit loss provision to net charge-offs
  • 0.87%Efficiency ratio
  • 79,788Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.44%Loss allowance to loans
  • 1.63%Loss allowance to noncurrent loans
  • 94.51%Noncurrent assets plus other real estate owned to assets
  • 2.17%Noncurrent loans to loans
  • 1.73%Net loans and leases to deposits
  • 74.06%Net loans and leases to core deposits
  • 78.90%Equity capital to assets
  • 9.54%Core capital (leverage) ratio
  • 9.60%Tier 1 risk-based capital ratio
  • 13.60%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $852,349Average earning assets
  • $78,180Average equity
  • $764,858Average loans

List of branches

  • 24 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04631The Old Point National Bank Of Phoeb1 West Mellen Street, Hampton, VA 23663November 04, 1922Full Service Brick and Mortar
    1212736West Mercury Branch4030 West Mercury Boulevard, Hampton, VA 23666March 27, 1963Full Service Brick and Mortar
    2212737Downtown Hampton Branch24 Wine Street, Hampton, VA 23669July 21, 1971Full Service Brick and Mortar
    3212738Fort Monroe BranchBuilding T-555, Fort Monroe, VA 23651May 23, 1973Full Service Brick and Mortar
    4212739Executive Towers Branch2101 Executive Drive, Hampton, VA 23666October 01, 1973Full Service Brick and Mortar
    5212740Woodland Road Branch347 Woodland Road, Hampton, VA 23669April 22, 1974Full Service Brick and Mortar
    6212741Sherwood Branch13801 Warwick Boulevard, Newport News, VA 23602January 02, 1975Full Service Brick and Mortar
    7212742The Warwick Branch11134 Warwick Boulevard, Newport News, VA 23601April 16, 1984Full Service Brick and Mortar
    8212743Professional Park Branch11751 Jefferson Avenue, Newport News, VA 23606December 31, 1985Full Service Brick and Mortar
    9212744Corporate Center Branch10 South Mallory Street, Hampton, VA 23663October 01, 1986Limited Service Administrative
    11212746Denbigh Boulevard Branch612 Denbigh Boulevard, Newport News, VA 23608July 19, 1988Full Service Brick and Mortar
    12212747Williamsburg Crossing Shp Ctr Branch5273 John Tyler Highway, Williamsburg, VA 23185Febuary 01, 1989Full Service Brick and Mortar
    15212750Kiln Creek Branch201 Kiln Creek Parkway, Yorktown, VA 23693August 26, 1996Full Service Brick and Mortar
    16212751Magruder Branch1613 Hardy Cash Drive, Hampton, VA 23666Febuary 28, 1998Limited Service Loan Production
    17212752Oyster Point Financial Center Branch11780 Jefferson Avenue, Newport News, VA 23606June 22, 1998Full Service Brick and Mortar
    18212753Cedar Road Branch1000 Cedar Rd, Chesapeake, VA 23322June 07, 1999Full Service Brick and Mortar
    19212754Norge Crossing Branch7504 Richmond Road, Williamsburg, VA 23188August 11, 1999Full Service Brick and Mortar
    20360542Crown Center Branch580 East Main Street, Norfolk, VA 23510Febuary 26, 2001Full Service Brick and Mortar
    21429571Greenbrier Branch740 Eden Way North, Chesapeake, VA 23320October 15, 2003Full Service Brick and Mortar
    22442428New Town Branch4139 Ironbound Road, Williamsburg, VA 23188Febuary 14, 2005Full Service Brick and Mortar
    23445457Independence Branch351 Independence Boulevard, Virginia Beach, VA 23462October 11, 2005Full Service Brick and Mortar
    24453437Eagle Harbor Branch13489 Carrollton Boulevard, Carrollton, VA 23314Febuary 27, 2006Full Service Brick and Mortar
    25473406Hilltop Branch1613 Laskin Road, Virginia Beach, VA 23451January 28, 2008Full Service Brick and Mortar
    26498648Ghent Branch1812 Granby Street, Norfolk, VA 23510November 09, 2009Full Service Brick and Mortar

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