Virginia First Savings, FSB in Petersburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 17, 1998

  • Virginia First Savings, FSB in Petersburg, Virginia (VA)
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Virginia First Savings, FSB - Overview

  • General
  • FDIC Certificate #: 30682
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 58878
    Date Established: January 01, 1888
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 5743
    FDIC's unique #: 43516
    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: June 29, 1955
    Last Structure Change Effective Date: April 17, 1998
    Last Structure Change Process Date: April 28, 1998
    Last Data Update: April 28, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Corner Franklin & Adams Streets, Petersburg, VA 23803
    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)
  • Financial Summary
  • Total assets: $937.3 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 376Total employees (full-time equivalent)
  • $928,060Total assets
  • $26,422Cash and due from depository institutions
  • $14,448Interest-bearing balances
  • $19,714Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $757,802Net loans & leases
  • $12,180Loan loss allowance
  • $0Trading account assets
  • $7,958Bank premises and fixed assets
  • $5,912Other real estate owned
  • $88,978Goodwill and other intangibles
  • $0Life insurance assets
  • $21,274All other assets
  • $928,060Total liabilities and capital
  • $775,450Total liabilities
  • $660,709Total deposits
  • $632,497Interest-bearing deposits
  • $660,709Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $105,170Other borrowed funds
  • $0Subordinated debt
  • $9,571All other liabilities
  • $152,610Total equity capital
  • $152,610Total bank equity capital
  • $152,610Perpetual preferred stock
  • $0Common stock
  • $5,971Surplus
  • $146,168Undivided profits
  • Memoranda
  • $471Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $15,850Earning assets
  • $0Long-term assets (5+ years)
  • $5,472Average Assets, year-to-date
  • $791,964Average Assets, quarterly
  • $0Volatile liabilities
  • $853,582Insider loans
  • $890,654FHLB advances
  • $182,189Loans and leases held for sale
  • $387Unused loan commitments
  • $104,552Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $66,751Total unused commitments
  • $0Restructured Loans and leases
  • $597,053Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $68,849Total interest income
  • $37,535Total interest expense
  • $31,314Net interest income
  • $6,961Provision for loan and lease losses
  • $12,123Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $12,123Additional noninterest income
  • $37,870Total noninterest expense
  • $14,823Salaries and employee benefits
  • $7,858Premises and equipment expense
  • $15,189Additional noninterest expense
  • -$1,394Pre-tax net operating income
  • -$1,272Securities gains (losses)
  • -$831Applicable income taxes
  • -$1,835Income before extraordinary items
  • $0Extraordinary gains - net
  • -$1,835Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,862Sale, conversion, retirement of capital stock, net
  • $698Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.75%Yield on earning assets
  • 4.77%Cost of funding earning assets
  • 3.98%Net interest margin
  • 1.54%Noninterest income to earning assets
  • 4.81%Noninterest expense to earning assets
  • -0.11%Net operating income to assets
  • -0.21%Return on assets (ROA)
  • -0.31%Pretax return on assets
  • -2.20%Return on equity (ROE)
  • -3.03%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 373.85%Credit loss provision to net charge-offs
  • 2.99%Efficiency ratio
  • 80,533Assets per employee
  • 2.47%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -38.04%Loss allowance to loans
  • 1.58%Loss allowance to noncurrent loans
  • 76.85%Noncurrent assets plus other real estate owned to assets
  • 2.29%Noncurrent loans to loans
  • 2.06%Net loans and leases to deposits
  • 114.70%Net loans and leases to core deposits
  • 129.83%Equity capital to assets
  • 16.44%Core capital (leverage) ratio
  • 7.48%Tier 1 risk-based capital ratio
  • 10.51%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $853,582Average earning assets
  • $83,510Average equity
  • $786,940Average loans

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