The Trust Company of Virginia in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The Trust Company of Virginia in Richmond, Virginia (VA)
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The Trust Company of Virginia - Overview

  • General
  • FDIC Certificate #: 58700
    Status: Active
    Federal Reserve ID: 2180410
    Date Established: Febuary 05, 2008
    WWW: http://www.tcva.com
    Trust Powers Granted: Yes
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 18054
    FDIC's unique #: 463201
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: Febuary 05, 2008
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 9030 Stony Point Parkway, Suite 300, Richmond, VA 23235
    County: Richmond 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): Richmond-Petersburg, VA (#6760)
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $6.7 mil
    Equity capital: $5.1 mil
    Deposits held in domestic offices: $0.5 mil
    Return on assets (ROA): 12.88% ($0.9 mil)
    Quarterly return on assets: 3.87% ($0.3 mil)
    Return on Equity (ROE): 16.32% ($0.8 mil)
    Quarterly return on equity: 4.94% ($0.2 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 20.78% ($1,391.2 mil)
    Quarterly Pretax return on assets: 6.27% ($419.8 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
  • 43Total employees (full-time equivalent)
  • $6,695Total assets
  • $267Cash and due from depository institutions
  • $0Interest-bearing balances
  • $4,670Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $0Loan loss allowance
  • $0Trading account assets
  • $166Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $6,695Life insurance assets
  • $1,592All other assets
  • $1,571Total liabilities and capital
  • $500Total liabilities
  • $0Total deposits
  • $500Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,071Subordinated debt
  • $5,124All other liabilities
  • $5,124Total equity capital
  • $5,124Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $3,163Surplus
  • $1,960Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $12Long-term assets (5+ years)
  • $4,670Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $6,390Volatile liabilities
  • $6,509Insider loans
  • $2,834FHLB advances
  • $6,509Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,009Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $128Total interest income
  • $0Total interest expense
  • $128Net interest income
  • $0Provision for loan and lease losses
  • $8,626Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,626Additional noninterest income
  • $7,458Total noninterest expense
  • $5,452Salaries and employee benefits
  • $1,229Premises and equipment expense
  • $777Additional noninterest expense
  • $1,296Pre-tax net operating income
  • $32Securities gains (losses)
  • $505Applicable income taxes
  • $823Income before extraordinary items
  • $0Extraordinary gains - net
  • $823Net income attributable to bank
  • $0Net charge-offs
  • $823Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $400Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.75%Yield on earning assets
  • 0.00%Cost of funding earning assets
  • 2.75%Net interest margin
  • 185.21%Noninterest income to earning assets
  • 160.13%Noninterest expense to earning assets
  • 12.56%Net operating income to assets
  • 12.88%Return on assets (ROA)
  • 20.78%Pretax return on assets
  • 16.32%Return on equity (ROE)
  • 8.39%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 85,195Assets per employee
  • 0.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.60%Loss allowance to loans
  • 0.00%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 0.00%Net loans and leases to core deposits
  • 0.00%Equity capital to assets
  • 76.53%Core capital (leverage) ratio
  • 76.95%Tier 1 risk-based capital ratio
  • 176.75%Total risk-based capital ratio
  • Memoranda
  • $177Average assets
  • $6,390Average earning assets
  • $5,044Average equity
  • $4,657Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $948,226Managed Assets
  • 1Number of Accounts
  • $892,092Personal trust and agency accounts
  • $436,072Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $86,213Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $349,331Other fiduciary accounts
  • $20,476Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 1416Number of Accounts
  • $0Personal trust and agency accounts
  • $86,213Employee benefit-defined contribution accounts
  • $892,092Employee benefit-defined benefit accounts
  • $56,134Other retirement accounts
  • $53,169Corporate trust and agency accounts
  • $7Other fiduciary accounts
  • $2,086Fiduciary accounts held in foreign offices

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0463201The Trust Company Of Virginia9030 Stony Point Parkway, Suite 300, Richmond, VA 23235Febuary 05, 2008Full Service Brick and Mortar

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