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

This bank is inactive as of October 12, 2010

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

  • General
  • FDIC Certificate #: 6925
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Union First Market Bank (#34589)
    Federal Reserve ID: 978323
    Date Established: January 01, 1902
    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 #: 4654
    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: October 12, 2010
    Last Structure Change Process Date: November 22, 2010
    Last Data Update: November 22, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 257 Gay Street, Washington, VA 22747
    County: Rappahannock
    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
  • Financial Summary
  • Total assets: $194.1 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, 2009)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $186,459Total assets
  • $2,721Cash and due from depository institutions
  • $331Interest-bearing balances
  • $40,290Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $128,817Net loans & leases
  • $1,605Loan loss allowance
  • $0Trading account assets
  • $5,474Bank premises and fixed assets
  • $879Other real estate owned
  • $4,795Goodwill and other intangibles
  • $643Life insurance assets
  • $3,483All other assets
  • $186,459Total liabilities and capital
  • $168,436Total liabilities
  • $160,386Total deposits
  • $135,989Interest-bearing deposits
  • $160,386Deposits held in domestic offices
  • 87.89%% insured (estimated)
  • $7,487Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $563All other liabilities
  • $18,023Total equity capital
  • $18,023Total bank equity capital
  • $18,023Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $10,701Undivided profits
  • Memoranda
  • $7,222Noncurrent loans and leases
  • $21,503Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,661Earning assets
  • $0Long-term assets (5+ years)
  • $858Average Assets, year-to-date
  • $169,438Average Assets, quarterly
  • $56,414Volatile liabilities
  • $184,986Insider loans
  • $187,130FHLB advances
  • $55,773Loans and leases held for sale
  • $1,967Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,503Total unused commitments
  • $0Restructured Loans and leases
  • $1,480Derivatives

Income and Expense (December 31, 2009)

  • Dollar figures in thousands
  • $9,299Total interest income
  • $3,441Total interest expense
  • $5,858Net interest income
  • $925Provision for loan and lease losses
  • $1,010Total noninterest income
  • $0Fiduciary activities
  • $716Service charges on deposit accounts
  • $0Trading account gains & fees
  • $294Additional noninterest income
  • $5,250Total noninterest expense
  • $2,043Salaries and employee benefits
  • $860Premises and equipment expense
  • $2,347Additional noninterest expense
  • $693Pre-tax net operating income
  • $78Securities gains (losses)
  • $66Applicable income taxes
  • $705Income before extraordinary items
  • $0Extraordinary gains - net
  • $705Net income attributable to bank
  • $0Net charge-offs
  • $705Cash dividends
  • $341Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2009)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.59%Yield on earning assets
  • 2.07%Cost of funding earning assets
  • 3.52%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 3.16%Noninterest expense to earning assets
  • 0.34%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.42%Pretax return on assets
  • 4.07%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • 0.28%Net charge-offs to loans
  • 271.26%Credit loss provision to net charge-offs
  • 4.74%Efficiency ratio
  • 74,723Assets per employee
  • 5.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.65%Loss allowance to loans
  • 1.23%Loss allowance to noncurrent loans
  • 96.63%Noncurrent assets plus other real estate owned to assets
  • 1.36%Noncurrent loans to loans
  • 1.27%Net loans and leases to deposits
  • 80.32%Net loans and leases to core deposits
  • 114.91%Equity capital to assets
  • 9.67%Core capital (leverage) ratio
  • 6.96%Tier 1 risk-based capital ratio
  • 10.86%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $184,986Average earning assets
  • $17,326Average equity
  • $166,321Average loans

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