Virginia Heritage Bank in Fairfax, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Virginia Heritage Bank - Overview

  • General
  • FDIC Certificate #: 58174
    Status: Active
    Federal Reserve ID: 3374298
    Date Established: November 21, 2005
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 441335
    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: November 21, 2005
    Last Structure Change Effective Date: Febuary 16, 2011
    Last Structure Change Process Date: Febuary 16, 2011
    Last Data Update: Febuary 16, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 11166 Fairfax Blvd, Suite 100, Fairfax, VA 22030
    County: Fairfax
    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: $578.1 mil
    Equity capital: $62.5 mil
    Deposits held in domestic offices: $491.7 mil
    Return on assets (ROA): 0.99% ($5.7 mil)
    Quarterly return on assets: 1.22% ($7.1 mil)
    Return on Equity (ROE): 9.65% ($6.0 mil)
    Quarterly return on equity: 11.10% ($6.9 mil)
    Net income: $5.1 mil
    Quarterly Net income: $1.7 mil
    Pretax return on assets: 1.50% ($8,671.3 mil)
    Quarterly Pretax return on assets: 1.83% ($10,579.0 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
  • 103Total employees (full-time equivalent)
  • $578,087Total assets
  • $10,430Cash and due from depository institutions
  • $9,624Interest-bearing balances
  • $98,821Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $451,155Net loans & leases
  • $6,122Loan loss allowance
  • $0Trading account assets
  • $1,924Bank premises and fixed assets
  • $820Other real estate owned
  • $0Goodwill and other intangibles
  • $578,087Life insurance assets
  • $14,937All other assets
  • $515,611Total liabilities and capital
  • $491,713Total liabilities
  • $434,377Total deposits
  • $491,713Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 1750.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $18,000Trading liabilities
  • $0Other borrowed funds
  • $4,148Subordinated debt
  • $62,476All other liabilities
  • $62,476Total equity capital
  • $62,476Total bank equity capital
  • $61Perpetual preferred stock
  • $17,333Common stock
  • $40,962Surplus
  • $4,120Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $16,861Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $941Income earned, not collected on loans
  • $0Earning assets
  • $2,202Long-term assets (5+ years)
  • $559,600Average Assets, year-to-date
  • $209,774Average Assets, quarterly
  • $516,670Volatile liabilities
  • $564,002Insider loans
  • $486,856FHLB advances
  • $569,480Loans and leases held for sale
  • $3,762Unused loan commitments
  • $2,508Tier 1 (core) risk-based capital
  • $61,926Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,254Total unused commitments
  • $65,905Restructured Loans and leases
  • $6,340Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $26,140Total interest income
  • $6,895Total interest expense
  • $19,245Net interest income
  • $2,037Provision for loan and lease losses
  • $6,421Total noninterest income
  • $0Fiduciary activities
  • $76Service charges on deposit accounts
  • $0Trading account gains & fees
  • $6,345Additional noninterest income
  • $16,610Total noninterest expense
  • $9,986Salaries and employee benefits
  • $1,876Premises and equipment expense
  • $4,748Additional noninterest expense
  • $7,019Pre-tax net operating income
  • $720Securities gains (losses)
  • $2,601Applicable income taxes
  • $5,138Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,138Net income attributable to bank
  • $0Net charge-offs
  • $5,138Cash dividends
  • $721Sale, conversion, retirement of capital stock, net
  • $77Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.20%Yield on earning assets
  • 1.37%Cost of funding earning assets
  • 3.83%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 9.65%Return on equity (ROE)
  • 9.50%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 282.52%Credit loss provision to net charge-offs
  • 12.56%Efficiency ratio
  • 64,716Assets per employee
  • 5.61%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 1.50%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 650.58%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.21%Net loans and leases to deposits
  • 91.75%Net loans and leases to core deposits
  • 135.96%Equity capital to assets
  • 10.81%Core capital (leverage) ratio
  • 10.87%Tier 1 risk-based capital ratio
  • 12.72%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $516,670Average earning assets
  • $53,265Average equity
  • $502,496Average loans

List of branches

  • 5 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0441335Virginia Heritage Bank11166 Fairfax Blvd, Suite 100, Fairfax, VA 22030November 21, 2005Full Service Brick and Mortar
    1478837Chantilly Branch13986 Metrotech Drive, Chantilly, VA 20151December 18, 2006Full Service Brick and Mortar
    2478838Gainesville Branch7905 Heritage Village Plaza, Gainesville, VA 20155March 14, 2007Full Service Retail
    3497229Tysons Branch8245 Boone Boulevard, Vienna, VA 22182November 09, 2009Full Service Brick and Mortar
    4521476Dulles Branch45745 Nokes Blvd, Ste 150, Dulles, VA 20166March 07, 2011Full Service Brick and Mortar

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