Virginia Community Bank in Louisa, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Virginia Community Bank - Overview

  • General
  • FDIC Certificate #: 22331
    Status: Active
    Federal Reserve ID: 105222
    Bank Holding Company (Regulatory Top Holder): Virginia Community Bankshares, Inc. (RSSDID: 1076703, Location: Louisa, VA)
    Date Established: September 10, 1976
    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)
    FDIC's unique #: 15540
    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: September 10, 1976
    Last Structure Change Effective Date: April 12, 2011
    Last Structure Change Process Date: April 12, 2011
    Last Data Update: April 12, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: U.S. Route 33 And State Rd. 22, Louisa, VA 23093
    County: Louisa
    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
    Core Based Statistical Area (CBSA): Richmond, VA (#40060)
    CBSA Metro Statistical Area: Richmond, VA (#40060)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $229.1 mil
    Equity capital: $18.1 mil
    Deposits held in domestic offices: $193.2 mil
    Return on assets (ROA): -0.26% (-$0.6 mil)
    Quarterly return on assets: -0.09% (-$0.2 mil)
    Return on Equity (ROE): -3.32% (-$0.6 mil)
    Quarterly return on equity: -1.09% (-$0.2 mil)
    Net income: -$0.6 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.41% (-$939.5 mil)
    Quarterly Pretax return on assets: -0.15% (-$343.7 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
  • 66Total employees (full-time equivalent)
  • $229,142Total assets
  • $17,099Cash and due from depository institutions
  • $13,373Interest-bearing balances
  • $52,791Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,116Net loans & leases
  • $5,724Loan loss allowance
  • $0Trading account assets
  • $9,508Bank premises and fixed assets
  • $3,945Other real estate owned
  • $0Goodwill and other intangibles
  • $229,142Life insurance assets
  • $5,683All other assets
  • $211,059Total liabilities and capital
  • $193,152Total liabilities
  • $154,264Total deposits
  • $193,152Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17,000Trading liabilities
  • $0Other borrowed funds
  • $907Subordinated debt
  • $18,083All other liabilities
  • $18,083Total equity capital
  • $18,083Total bank equity capital
  • $0Perpetual preferred stock
  • $3,750Common stock
  • $918Surplus
  • $13,415Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,285Income earned, not collected on loans
  • $0Earning assets
  • $984Long-term assets (5+ years)
  • $206,280Average Assets, year-to-date
  • $56,703Average Assets, quarterly
  • $226,177Volatile liabilities
  • $227,210Insider loans
  • $164,709FHLB advances
  • $221,746Loans and leases held for sale
  • $496Unused loan commitments
  • $496Tier 1 (core) risk-based capital
  • $17,291Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,515Restructured Loans and leases
  • $2,907Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,840Total interest income
  • $1,790Total interest expense
  • $9,050Net interest income
  • $2,217Provision for loan and lease losses
  • $357Total noninterest income
  • $0Fiduciary activities
  • $647Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$290Additional noninterest income
  • $8,413Total noninterest expense
  • $3,933Salaries and employee benefits
  • $1,228Premises and equipment expense
  • $3,252Additional noninterest expense
  • -$1,223Pre-tax net operating income
  • $290Securities gains (losses)
  • -$336Applicable income taxes
  • -$597Income before extraordinary items
  • $0Extraordinary gains - net
  • -$597Net income attributable to bank
  • $0Net charge-offs
  • -$597Cash dividends
  • $2,256Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.39%Yield on earning assets
  • 0.89%Cost of funding earning assets
  • 4.50%Net interest margin
  • 0.18%Noninterest income to earning assets
  • 4.18%Noninterest expense to earning assets
  • -0.35%Net operating income to assets
  • -0.26%Return on assets (ROA)
  • -0.41%Pretax return on assets
  • -3.32%Return on equity (ROE)
  • -3.32%Retained earnings to average equity (YTD only)
  • 1.52%Net charge-offs to loans
  • 98.27%Credit loss provision to net charge-offs
  • 0.44%Efficiency ratio
  • 89,433Assets per employee
  • 3.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.92%Loss allowance to noncurrent loans
  • 78.57%Noncurrent assets plus other real estate owned to assets
  • 4.90%Noncurrent loans to loans
  • 5.00%Net loans and leases to deposits
  • 72.54%Net loans and leases to core deposits
  • 74.39%Equity capital to assets
  • 7.89%Core capital (leverage) ratio
  • 7.80%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $226,177Average earning assets
  • $17,959Average equity
  • $201,155Average loans

List of branches

  • 8 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015540Virginia Community BankU.S. Route 33 And State Rd. 22, Louisa, VA 23093September 10, 1976Full Service Brick and Mortar
    1254402Mineral BranchMineral Avenue And Fourth Street, Mineral, VA 23117June 18, 1981Full Service Brick and Mortar
    2254403Courthouse BranchMain Street And Cutler Avenue, Louisa, VA 23093May 07, 1987Full Service Brick and Mortar
    3254404Orange Branch185 Madison Road, Orange, VA 22960August 28, 1991Full Service Brick and Mortar
    4254405Breezewood Branch10645 Courthouse Road, Fredericksburg, VA 22401July 26, 1995Full Service Brick and Mortar
    5254406Culpeper Office Branch701 South Main Street, Culpeper, VA 22701August 28, 1996Full Service Brick and Mortar
    6466384Goochland Branch3009 River Road West, Goochland, VA 23063November 20, 2006Full Service Brick and Mortar
    7466385Zion Crossroads Branch10050 Three Notch Road, Troy, VA 22974May 30, 2007Full Service Brick and Mortar

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