Virginia Commerce Bank in Arlington, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Virginia Commerce Bank - Overview

  • General
  • FDIC Certificate #: 27249
    Status: Active
    Federal Reserve ID: 1190074
    Bank Holding Company (Regulatory Top Holder): Virginia Commerce Bancorp, Inc. (RSSDID: 2856377, Location: Arlington, VA)
    Date Established: May 16, 1988
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 29 (Domestic: 29, Interstate: No)
    OTS Docket #: 10717
    FDIC's unique #: 39322
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: May 16, 1988
    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: 5350 Lee Highway, Arlington, VA 22207
    County: Arlington
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $2,936.3 mil
    Equity capital: $340.1 mil
    Deposits held in domestic offices: $2,300.3 mil
    Return on assets (ROA): 1.09% ($32.0 mil)
    Quarterly return on assets: 1.06% ($31.1 mil)
    Return on Equity (ROE): 9.65% ($32.8 mil)
    Quarterly return on equity: 9.23% ($31.4 mil)
    Net income: $31.0 mil
    Quarterly Net income: $7.8 mil
    Pretax return on assets: 1.62% ($47,568.4 mil)
    Quarterly Pretax return on assets: 1.58% ($46,393.9 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
  • 313Total employees (full-time equivalent)
  • $2,936,322Total assets
  • $82,569Cash and due from depository institutions
  • $59,946Interest-bearing balances
  • $624,956Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,138,776Net loans & leases
  • $48,729Loan loss allowance
  • $0Trading account assets
  • $11,413Bank premises and fixed assets
  • $8,925Other real estate owned
  • $0Goodwill and other intangibles
  • $2,936,322Life insurance assets
  • $69,683All other assets
  • $2,596,248Total liabilities and capital
  • $2,300,278Total liabilities
  • $1,954,221Total deposits
  • $2,300,278Interest-bearing deposits
  • $48Deposits held in domestic offices
  • 263273.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,000Trading liabilities
  • $0Other borrowed funds
  • $7,697Subordinated debt
  • $340,074All other liabilities
  • $340,074Total equity capital
  • $340,074Total bank equity capital
  • $0Perpetual preferred stock
  • $1,969Common stock
  • $184,591Surplus
  • $153,514Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $18,485Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $38,868Income earned, not collected on loans
  • $0Earning assets
  • $10,007Long-term assets (5+ years)
  • $2,823,678Average Assets, year-to-date
  • $959,487Average Assets, quarterly
  • $2,838,578Volatile liabilities
  • $2,938,223Insider loans
  • $2,351,909FHLB advances
  • $2,933,249Loans and leases held for sale
  • $15,053Unused loan commitments
  • $4,599Tier 1 (core) risk-based capital
  • $334,273Tier 2 risk-based capital
  • $10,454Total risk weighted assets
  • $0Total unused commitments
  • $553,733Restructured Loans and leases
  • $46,609Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $141,844Total interest income
  • $31,069Total interest expense
  • $110,775Net interest income
  • $14,849Provision for loan and lease losses
  • $8,374Total noninterest income
  • $0Fiduciary activities
  • $1,596Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,778Additional noninterest income
  • $58,191Total noninterest expense
  • $26,472Salaries and employee benefits
  • $9,426Premises and equipment expense
  • $22,293Additional noninterest expense
  • $46,109Pre-tax net operating income
  • -$229Securities gains (losses)
  • $14,886Applicable income taxes
  • $30,994Income before extraordinary items
  • $0Extraordinary gains - net
  • $30,994Net income attributable to bank
  • $0Net charge-offs
  • $30,994Cash dividends
  • $28,562Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 4.08%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 2.14%Noninterest expense to earning assets
  • 1.10%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.62%Pretax return on assets
  • 9.65%Return on equity (ROE)
  • 9.65%Retained earnings to average equity (YTD only)
  • 1.31%Net charge-offs to loans
  • 51.99%Credit loss provision to net charge-offs
  • 2.13%Efficiency ratio
  • 48,839Assets per employee
  • 9.38%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 125.37%Noncurrent assets plus other real estate owned to assets
  • 1.63%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 92.98%Net loans and leases to core deposits
  • 101.62%Equity capital to assets
  • 11.58%Core capital (leverage) ratio
  • 11.40%Tier 1 risk-based capital ratio
  • 14.21%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $2,838,578Average earning assets
  • $321,279Average equity
  • $2,713,803Average loans

List of branches

  • 29 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    039322Virginia Commerce Bank5350 Lee Highway, Arlington, VA 22207May 16, 1988Full Service Brick and Mortar
    2261463Alexandria Branch1414 Prince Street, Alexandria, VA 22314March 20, 1990Full Service Brick and Mortar
    3261464Mclean Branch1356 Chain Bridge Road, Mclean, VA 22101May 11, 1994Full Service Brick and Mortar
    4261465Clarendon Branch2930 Wilson Boulevard, Arlington, VA 22201August 01, 1994Full Service Brick and Mortar
    5261466Williamsburg Boulevard Branch6500 Williamsburg Boulevard, Arlington, VA 22213January 29, 1996Full Service Brick and Mortar
    6261467Annandale Branch4230 John Marr Drive, Annandale, VA 22003July 01, 1997Full Service Brick and Mortar
    7261468Duke Street Branch5140 Duke Street, Alexandria, VA 22304July 01, 1997Full Service Brick and Mortar
    8261469Fairfax Branch10777 Main Street, Fairfax, VA 22030July 03, 1998Full Service Brick and Mortar
    9261470Vienna Branch374 Maple Avenue East, Vienna, VA 22180March 29, 1999Full Service Brick and Mortar
    10357690King Street Branch506 King Street, Alexandria, VA 22314July 12, 1999Full Service Brick and Mortar
    11362171Chantilly Branch13881 G Metrotech Drive, Chantilly, VA 20151November 27, 2000Full Service Brick and Mortar
    12362172Lakeridge Branch2030 Old Bridge Road, Woodbridge, VA 22191April 16, 2001Full Service Brick and Mortar
    13363515Reston Branch11820 Spectrum Center, Reston, VA 20190May 01, 2002Full Service Brick and Mortar
    14440398Mt Vernon Branch7901 Richmond Highway, Alexandria, VA 22306March 01, 2005Full Service Brick and Mortar
    15441866Walney Branch 15 Branch4221 Walney Rd Ste 120, Chantilly, VA 20151June 30, 2005Full Service Brick and Mortar
    16441867Del Ray Branch 16 Branch2401 Mt. Vernon Ave., Alexandria, VA 22301June 30, 2005Full Service Brick and Mortar
    17441868Tysons Corner Branch 17 Branch8251 Greensboro Drive, Mclean, VA 22102June 30, 2005Full Service Brick and Mortar
    18441869Manassas West Branch 18 Branch10830 Balls Ford Road, Manassas, VA 20109June 30, 2005Full Service Brick and Mortar
    19452941Newington Branch 19 Branch7830 Backlick Rd Ste 101, Springfield, VA 22150January 18, 2006Full Service Brick and Mortar
    20465395Signal Hill-Br 20 Branch9161 Liberia Avenue, Manassas, VA 20110August 07, 2006Full Service Brick and Mortar
    21465396Ryan Park- Br 21 Branch21885 Ryan Center Way, Ashburn, VA 20147May 18, 2007Full Service Brick and Mortar
    22470016Courthouse Rd Branch 2210800-A Courthouse Rd, Fredericksburg, VA 22408November 29, 2007Full Service Brick and Mortar
    23470780Centreville Branch 2314701 Lee Hghway, Centreville, VA 20121January 14, 2008Full Service Brick and Mortar
    24478535Leesburg Branch 24 Branch341 East Market Street, Leesburg, VA 20176November 29, 2007Full Service Brick and Mortar
    25478536Central Park Br 25 Branch1304 Central Park Blvd, Fredericksburg, VA 22401January 14, 2008Full Service Brick and Mortar
    26478537Dulles Branch 26 Branch23510 Overland Drive, Sterling, VA 20166April 21, 2008Full Service Brick and Mortar
    27492455Falls Church Branch7115 Leesburg Pike Ste 101, Falls Church, VA 22043December 15, 2008Full Service Brick and Mortar
    28492456Centreridge Branch6375 Multiplex Drive, Centreville, VA 20121Febuary 17, 2009Full Service Brick and Mortar
    29505893Princeton Woods Branch17054 Jefferson Davis Hwy, Dumfries, VA 22026January 11, 2010Full Service Brick and Mortar

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