Virginia Heartland Bank in Fredericksburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 2007

  • Virginia Heartland Bank in Fredericksburg, Virginia (VA)
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Virginia Heartland Bank - Overview

  • General
  • FDIC Certificate #: 27281
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: StellarOne Bank (#6834)
    Federal Reserve ID: 1193543
    Date Established: June 27, 1988
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 39425
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 27, 1988
    Last Structure Change Effective Date: Febuary 17, 2007
    Last Structure Change Process Date: Febuary 28, 2007
    Last Data Update: Febuary 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 Harrison Road, Fredericksburg, VA 22408
    County: Spotsylvania
    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): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • Financial Summary
  • Total assets: $291.1 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, 2006)

  • Dollar figures in thousands
  • 67Total employees (full-time equivalent)
  • $291,137Total assets
  • $7,348Cash and due from depository institutions
  • $43Interest-bearing balances
  • $27,420Securities
  • $350Federal funds sold & reverse repurchase agreements
  • $241,963Net loans & leases
  • $2,586Loan loss allowance
  • $0Trading account assets
  • $7,523Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $1,432Life insurance assets
  • $6,533All other assets
  • $291,137Total liabilities and capital
  • $265,162Total liabilities
  • $234,549Total deposits
  • $217,491Interest-bearing deposits
  • $234,549Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $8,500Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,000Other borrowed funds
  • $0Subordinated debt
  • $2,113All other liabilities
  • $25,975Total equity capital
  • $25,975Total bank equity capital
  • $25,975Perpetual preferred stock
  • $0Common stock
  • $2,321Surplus
  • $8,603Undivided profits
  • Memoranda
  • $15,051Noncurrent loans and leases
  • $36,584Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $459Earning assets
  • $0Long-term assets (5+ years)
  • $1,155Average Assets, year-to-date
  • $269,776Average Assets, quarterly
  • $54,585Volatile liabilities
  • $287,060Insider loans
  • $292,867FHLB advances
  • $70,138Loans and leases held for sale
  • $6,045Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $2,801Tier 2 risk-based capital
  • $1,654Total risk weighted assets
  • $36,584Total unused commitments
  • $0Restructured Loans and leases
  • $2,586Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $18,666Total interest income
  • $6,876Total interest expense
  • $11,790Net interest income
  • $110Provision for loan and lease losses
  • $2,198Total noninterest income
  • $0Fiduciary activities
  • $1,392Service charges on deposit accounts
  • $0Trading account gains & fees
  • $806Additional noninterest income
  • $7,915Total noninterest expense
  • $3,146Salaries and employee benefits
  • $771Premises and equipment expense
  • $3,998Additional noninterest expense
  • $5,963Pre-tax net operating income
  • $1Securities gains (losses)
  • $1,916Applicable income taxes
  • $4,048Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,048Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • -$3Sale, conversion, retirement of capital stock, net
  • $1,500Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.00%Yield on earning assets
  • 2.58%Cost of funding earning assets
  • 4.42%Net interest margin
  • 0.82%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 1.41%Net operating income to assets
  • 1.41%Return on assets (ROA)
  • 2.08%Pretax return on assets
  • 16.33%Return on equity (ROE)
  • 10.28%Retained earnings to average equity (YTD only)
  • -0.00%Net charge-offs to loans
  • -3666.67%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 56,584Assets per employee
  • 4.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.06%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 563.40%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.19%Net loans and leases to deposits
  • 103.16%Net loans and leases to core deposits
  • 136.00%Equity capital to assets
  • 8.92%Core capital (leverage) ratio
  • 8.95%Tier 1 risk-based capital ratio
  • 10.60%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $287,060Average earning assets
  • $24,782Average equity
  • $266,626Average loans

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