Virginia Commonwealth Bank in Petersburg, Virginia (VA)



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Virginia Commonwealth Bank routing number info

Table of contents:
Virginia Commonwealth Bank
GeneralFDIC Certificate #: 29742
Status: Active
Federal Reserve ID: 534774
Bank Holding Company (Regulatory Top Holder): Virginia Bancorp, Inc. (RSSDID: 3776436, Location: Richmond, VA)
Date Established: August 22, 1936
WWW: http://www.vacommbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Domestic: 8, Interstate: No)
OTS Docket #: 3993
FDIC's unique #: 42576
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: August 22, 1936
Last Structure Change Effective Date: October 01, 2008
Last Structure Change Process Date: October 28, 2008
Last Data Update: October 28, 2008
Data Source Date: April 05, 2012
LocationAddress: 1965 Wakefield Ave, Petersburg, VA 23805
County: Petersburg 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 ChangesCorrections
Name Change
Change in Primary Regulatory Agency
Change in Entity Type
Financial SummaryTotal assets: $285.8 mil
Equity capital: $24.6 mil
Deposits held in domestic offices: $260.8 mil
Return on assets (ROA): -2.78% (-$8.0 mil)
Quarterly return on assets: -8.20% (-$23.5 mil)
Return on Equity (ROE): -29.08% (-$7.3 mil)
Quarterly return on equity: -87.88% (-$22.0 mil)
Net income: -$8.6 mil
Quarterly Net income: -$6.1 mil
Pretax return on assets: -1.64% (-$4,687.9 mil)
Quarterly Pretax return on assets: -1.73% (-$4,945.1 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)66
Total assets$285,845
Cash and due from depository institutions$15,562
Interest-bearing balances$11,572
Securities$101,277
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$156,874
Loan loss allowance $5,955
Trading account assets$0
Bank premises and fixed assets$2,539
Other real estate owned$5,981
Goodwill and other intangibles$397
All other assets$3,215
Life insurance assets$285,844
Total liabilities and capital$261,240
Total liabilities$260,775
Total deposits$251,242
Interest-bearing deposits$260,775
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $465
All other liabilities $24,604
Total equity capital$24,604
Total bank equity capital$24,604
Perpetual preferred stock$0
Common stock$1,500
Surplus$3,496
Undivided profits $19,608
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $16,364
Earning assets $3,586
Long-term assets (5+ years) $1,090
Average Assets, year-to-date $269,723
Average Assets, quarterly $107,082
Volatile liabilities $308,406
Insider loans $296,944
FHLB advances $150,733
Loans and leases held for sale $298,445
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $24,442
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,574
Derivatives$4
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,006
Total interest expense $4,261
Net interest income $7,745
Provision for loan and lease losses $4,050
Total noninterest income -$1,480
Fiduciary activities $0
Service charges on deposit accounts $397
Trading account gains & fees $0
Additional noninterest income -$1,877
Total noninterest expense $8,048
Salaries and employee benefits $4,018
Premises and equipment expense $825
Additional noninterest expense $3,205
Pre-tax net operating income -$5,833
Securities gains (losses) $783
Applicable income taxes $3,519
Income before extraordinary items -$8,569
Extraordinary gains - net $0
Net income attributable to bank -$8,569
Net charge-offs $0
Cash dividends -$8,569
Sale, conversion, retirement of capital stock, net $9,513
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.15%
Cost of funding earning assets 1.47%
Net interest margin 2.68%
Noninterest income to earning assets -0.51%
Noninterest expense to earning assets 2.78%
Net operating income to assets -3.03%
Return on assets (ROA) -2.78%
Pretax return on assets -1.64%
Return on equity (ROE) -29.08%
Retained earnings to average equity (YTD only) -29.08%
Net charge-offs to loans 5.30%
Credit loss provision to net charge-offs 42.57%
Efficiency ratio-0.19%
Assets per employee$128,460
Cash dividends to net income (YTD only)4.33%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 3.66%
Noncurrent assets plus other real estate owned to assets 36.39%
Noncurrent loans to loans 7.82%
Net loans and leases to deposits10.05%
Net loans and leases to core deposits 60.16%
Equity capital to assets 61.47%
Core capital (leverage) ratio 8.61%
Tier 1 risk-based capital ratio 8.19%
Total risk-based capital ratio 16.22%
Memoranda
Average assets$18
Average earning assets$308,406
Average equity $29,471
Average loans $289,292
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8 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042576Virginia Commonwealth Bank1965 Wakefield Ave, Petersburg, VA 23805August 22, 1936Full Service Brick and Mortar
1277030Colonial Heights Branch3209 Boulevard, Colonial Heights, VA 23834August 22, 1936Full Service Brick and Mortar
1002770314600 West Hundred Road Branch4600 West Hundred Road, Chester, VA 23831August 22, 1936Full Service Brick and Mortar
102277032Bonniebank Road Branch4222 Bonniebank Road, Richmond, VA 23234June 30, 1985Full Service Brick and Mortar
1032770331703 N Main Street Branch1703 N Main Street, Suffolk, VA 23434June 30, 1987Full Service Brick and Mortar
105277035North Ridge Road Branch405 North Ridge Road, Richmond, VA 23229November 03, 1995Full Service Brick and Mortar
106360553Courthouse Road Branch1118 Courthouse Road, Richmond, VA 23236April 16, 2001Full Service Brick and Mortar
107461425Hopewell County Branch1421 W. City Point Rd, Hopewell, VA 23860June 30, 2006Full Service Brick and Mortar
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