TideMark Bank in Newport News, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 24, 1995

  • TideMark Bank in Newport News, Virginia (VA)
  • Show street view No street view available for this location

TideMark Bank - Overview

  • General
  • FDIC Certificate #: 27891
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crestar Bank (#832)
    Federal Reserve ID: 649575
    Date Established: January 01, 1887
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 491
    FDIC's unique #: 40725
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 30, 1952
    Last Structure Change Effective Date: March 24, 1995
    Last Structure Change Process Date: April 13, 1995
    Last Data Update: April 13, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Hiden Boulevard, Newport News, VA 23606
    County: Newport News 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)
  • Financial Summary
  • Total assets: $395.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $124Total assets
  • $395,164Cash and due from depository institutions
  • $7,533Interest-bearing balances
  • $5Securities
  • $192,622Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $172,559Loan loss allowance
  • $4,400Trading account assets
  • $0Bank premises and fixed assets
  • $3,911Other real estate owned
  • $162Goodwill and other intangibles
  • $13,842Life insurance assets
  • $4,535All other assets
  • $0Total liabilities and capital
  • $395,164Total liabilities
  • $374,344Total deposits
  • $274,145Interest-bearing deposits
  • $262,768Deposits held in domestic offices
  • 274145.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $42,874Trading liabilities
  • $0Other borrowed funds
  • $54,912Subordinated debt
  • $0All other liabilities
  • $2,413Total equity capital
  • $2,413Total bank equity capital
  • $20,820Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $20,260Undivided profits
  • Memoranda
  • $559Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,031Income earned, not collected on loans
  • $2,088Earning assets
  • $365,186Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $386,738Average Assets, quarterly
  • $391,298Volatile liabilities
  • $123,539Insider loans
  • $0FHLB advances
  • $54,000Loans and leases held for sale
  • $0Unused loan commitments
  • $11,205Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $19,980Total risk weighted assets
  • $190,509Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $25,041Total interest expense
  • $15,392Net interest income
  • $9,649Provision for loan and lease losses
  • $96Total noninterest income
  • $3,644Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$144Additional noninterest income
  • $3,788Total noninterest expense
  • $10,278Salaries and employee benefits
  • $4,902Premises and equipment expense
  • $1,894Additional noninterest expense
  • $3,482Pre-tax net operating income
  • $2,919Securities gains (losses)
  • $614Applicable income taxes
  • $1,334Income before extraordinary items
  • $2,199Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,199Net charge-offs
  • $1,745Cash dividends
  • $244Sale, conversion, retirement of capital stock, net
  • $2,000Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.00%Cost of funding earning assets
  • 4.30%Net interest margin
  • 2.70%Noninterest income to earning assets
  • 1.02%Noninterest expense to earning assets
  • 2.87%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 0.91%Return on equity (ROE)
  • 11.30%Retained earnings to average equity (YTD only)
  • 10.05%Net charge-offs to loans
  • 0.97%Credit loss provision to net charge-offs
  • 5.50%Efficiency ratio
  • 76,552Assets per employee
  • 3.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 11.10%Loss allowance to loans
  • 2.49%Loss allowance to noncurrent loans
  • 54.79%Noncurrent assets plus other real estate owned to assets
  • 2.07%Noncurrent loans to loans
  • 4.54%Net loans and leases to deposits
  • 62.94%Net loans and leases to core deposits
  • 69.47%Equity capital to assets
  • 5.27%Core capital (leverage) ratio
  • 5.07%Tier 1 risk-based capital ratio
  • 10.49%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $386,738Average earning assets
  • $19,458Average equity
  • $357,543Average loans

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