Virginia Company Bank in Newport News, Virginia (VA)



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Virginia Company Bank routing number info

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Virginia Company Bank
GeneralFDIC Certificate #: 58147
Status: Active
Federal Reserve ID: 3383366
Date Established: October 31, 2005
WWW: http://www.vacompanybank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 440499
Numeric code: 21
Regulator: FDIC
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: October 31, 2005
Last Structure Change Effective Date: April 16, 2010
Last Structure Change Process Date: May 12, 2010
Last Data Update: May 12, 2010
Data Source Date: April 05, 2012
LocationAddress: 601 Thimble Shoals Boulevard, Suite 201, 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 SummaryTotal assets: $131.6 mil
Equity capital: $14.1 mil
Deposits held in domestic offices: $107.3 mil
Return on assets (ROA): 0.08% ($0.1 mil)
Quarterly return on assets: 0.13% ($0.2 mil)
Return on Equity (ROE): 0.72% ($0.1 mil)
Quarterly return on equity: 1.28% ($0.2 mil)
Net income: $0.1 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: 0.08% ($105.3 mil)
Quarterly Pretax return on assets: 0.13% ($171.0 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)33
Total assets$131,564
Cash and due from depository institutions$6,538
Interest-bearing balances$5,077
Securities$13,438
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$101,327
Loan loss allowance $1,487
Trading account assets$0
Bank premises and fixed assets$5,942
Other real estate owned$140
Goodwill and other intangibles$0
All other assets$4,179
Life insurance assets$131,564
Total liabilities and capital$117,505
Total liabilities$107,259
Total deposits$96,229
Interest-bearing deposits$107,259
Deposits held in domestic offices$85
% insured (estimated)707.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$9,090
Other borrowed funds $0
Subordinated debt $449
All other liabilities $14,059
Total equity capital$14,059
Total bank equity capital$14,059
Perpetual preferred stock$4,752
Common stock$7,666
Surplus$7,827
Undivided profits $-6,186
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 $1,416
Earning assets $0
Long-term assets (5+ years) $452
Average Assets, year-to-date $119,842
Average Assets, quarterly $15,033
Volatile liabilities $127,012
Insider loans $135,962
FHLB advances $118,120
Loans and leases held for sale $137,041
Unused loan commitments $2,503
Tier 1 (core) risk-based capital $2,503
Tier 2 risk-based capital $13,727
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,313
Derivatives$9,483
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,235
Total interest expense $1,363
Net interest income $4,872
Provision for loan and lease losses $397
Total noninterest income $180
Fiduciary activities $0
Service charges on deposit accounts $67
Trading account gains & fees $0
Additional noninterest income $113
Total noninterest expense $4,554
Salaries and employee benefits $2,461
Premises and equipment expense $896
Additional noninterest expense $1,197
Pre-tax net operating income $101
Securities gains (losses) $0
Applicable income taxes $0
Income before extraordinary items $101
Extraordinary gains - net $0
Net income attributable to bank $101
Net charge-offs $0
Cash dividends $101
Sale, conversion, retirement of capital stock, net $270
Net operating income $248
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.34%
Cost of funding earning assets 1.17%
Net interest margin 4.17%
Noninterest income to earning assets 0.15%
Noninterest expense to earning assets 3.90%
Net operating income to assets 0.08%
Return on assets (ROA) 0.08%
Pretax return on assets 0.08%
Return on equity (ROE) 0.72%
Retained earnings to average equity (YTD only) -1.05%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 147.04%
Efficiency ratio1.84%
Assets per employee$90,143
Cash dividends to net income (YTD only)3.99%
Condition Ratios (%)
Loss allowance to loans 245.54%
Loss allowance to noncurrent loans 1.45%
Noncurrent assets plus other real estate owned to assets 105.01%
Noncurrent loans to loans 1.18%
Net loans and leases to deposits1.38%
Net loans and leases to core deposits 94.47%
Equity capital to assets 132.04%
Core capital (leverage) ratio 10.69%
Tier 1 risk-based capital ratio 10.02%
Total risk-based capital ratio 11.62%
Memoranda
Average assets$13
Average earning assets$127,012
Average equity $14,032
Average loans $116,855
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3 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0440499Virginia Company Bank601 Thimble Shoals Boulevard, Suite 201, Newport News, VA 23606October 31, 2005Full Service Brick and Mortar
1470792Richmond Road Branch1430 Richmond Road, Williamsburg, VA 23185December 03, 2007Full Service Brick and Mortar
2516210Hampton Branch2198 Coliseum Drive, Hampton, VA 23669January 31, 2011Full Service Brick and Mortar
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