Virginia Federal Savings Bank in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 28, 1994

  • Virginia Federal Savings Bank in Richmond, Virginia (VA)
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Virginia Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 32645
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Crestar Bank (#832)
    Federal Reserve ID: 497673
    Date Established: December 22, 1988
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 8565
    FDIC's unique #: 45479
    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: December 22, 1988
    Last Structure Change Effective Date: January 28, 1994
    Last Structure Change Process Date: Febuary 10, 1994
    Last Data Update: Febuary 10, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 10710 Midlothian Turnpike, Richmond, VA 23235
    County: Richmond 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)
  • Financial Summary
  • Total assets: $719.9 mil

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

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $143Total assets
  • $719,927Cash and due from depository institutions
  • $3,864Interest-bearing balances
  • $0Securities
  • $107,414Federal funds sold & reverse repurchase agreements
  • $17,000Net loans & leases
  • $547,638Loan loss allowance
  • $6,323Trading account assets
  • $0Bank premises and fixed assets
  • $2,889Other real estate owned
  • $6,872Goodwill and other intangibles
  • $21,171Life insurance assets
  • $13,079All other assets
  • $0Total liabilities and capital
  • $719,927Total liabilities
  • $668,427Total deposits
  • $508,632Interest-bearing deposits
  • $506,355Deposits held in domestic offices
  • 508632.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $9,778Trading liabilities
  • $0Other borrowed funds
  • $143,279Subordinated debt
  • $0All other liabilities
  • $6,738Total equity capital
  • $6,738Total bank equity capital
  • $51,500Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $50,817Undivided profits
  • Memoranda
  • $673Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,529Income earned, not collected on loans
  • $2,687Earning assets
  • $672,052Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $765,419Average Assets, quarterly
  • $742,180Volatile liabilities
  • $182,833Insider loans
  • $0FHLB advances
  • $127,700Loans and leases held for sale
  • $0Unused loan commitments
  • $21,921Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $49,448Total risk weighted assets
  • $416,388Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $12,621Total interest expense
  • $7,272Net interest income
  • $5,349Provision for loan and lease losses
  • $0Total noninterest income
  • -$203Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • -$203Total noninterest expense
  • $3,803Salaries and employee benefits
  • $1,479Premises and equipment expense
  • $544Additional noninterest expense
  • $1,780Pre-tax net operating income
  • $1,343Securities gains (losses)
  • $72Applicable income taxes
  • $742Income before extraordinary items
  • $673Extraordinary gains - net
  • $0Net income attributable to bank
  • $673Net charge-offs
  • -$943Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$39,304Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.81%Cost of funding earning assets
  • 1.04%Net interest margin
  • 0.77%Noninterest income to earning assets
  • -0.03%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.08%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 0.18%Return on equity (ROE)
  • 0.98%Retained earnings to average equity (YTD only)
  • 0.98%Net charge-offs to loans
  • -0.18%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 73,902Assets per employee
  • 5.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.14%Loss allowance to noncurrent loans
  • 74.14%Noncurrent assets plus other real estate owned to assets
  • 2.14%Noncurrent loans to loans
  • 1.54%Net loans and leases to deposits
  • 107.67%Net loans and leases to core deposits
  • 114.36%Equity capital to assets
  • 7.15%Core capital (leverage) ratio
  • 6.97%Tier 1 risk-based capital ratio
  • 11.88%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $765,419Average earning assets
  • $68,439Average equity
  • $698,509Average loans

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