Virginia National Bank in Charlottesville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Virginia National Bank in Charlottesville, Virginia (VA)
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Virginia National Bank - Overview

  • General
  • FDIC Certificate #: 34755
    Status: Active
    Federal Reserve ID: 2708122
    Date Established: July 29, 1998
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Domestic: 10, Interstate: No)
    FDIC's unique #: 61527
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 29, 1998
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 222 East Main Street, Charlottesville, VA 22902
    County: Charlottesville 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): Charlottesville, VA (#1540)
    Core Based Statistical Area (CBSA): Charlottesville, VA (#16820)
    CBSA Metro Statistical Area: Charlottesville, VA (#16820)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $464.1 mil
    Equity capital: $48.9 mil
    Deposits held in domestic offices: $411.9 mil
    Return on assets (ROA): 0.51% ($2.4 mil)
    Quarterly return on assets: 0.89% ($4.1 mil)
    Return on Equity (ROE): 4.97% ($2.4 mil)
    Quarterly return on equity: 8.51% ($4.2 mil)
    Net income: $2.3 mil
    Quarterly Net income: $1.0 mil
    Pretax return on assets: 0.71% ($3,294.9 mil)
    Quarterly Pretax return on assets: 1.16% ($5,383.2 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, 2011)

  • Dollar figures in thousands
  • 124Total employees (full-time equivalent)
  • $464,066Total assets
  • $12,477Cash and due from depository institutions
  • $0Interest-bearing balances
  • $90,138Securities
  • $44,567Federal funds sold & reverse repurchase agreements
  • $288,791Net loans & leases
  • $3,741Loan loss allowance
  • $0Trading account assets
  • $10,692Bank premises and fixed assets
  • $4,242Other real estate owned
  • $0Goodwill and other intangibles
  • $464,066Life insurance assets
  • $13,159All other assets
  • $415,145Total liabilities and capital
  • $411,868Total liabilities
  • $290,879Total deposits
  • $411,868Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 2623.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $654Subordinated debt
  • $48,921All other liabilities
  • $48,921Total equity capital
  • $48,921Total bank equity capital
  • $0Perpetual preferred stock
  • $6,723Common stock
  • $27,705Surplus
  • $14,493Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $791Income earned, not collected on loans
  • $0Earning assets
  • $1,369Long-term assets (5+ years)
  • $423,496Average Assets, year-to-date
  • $85,985Average Assets, quarterly
  • $459,921Volatile liabilities
  • $464,370Insider loans
  • $355,046FHLB advances
  • $459,025Loans and leases held for sale
  • $6,869Unused loan commitments
  • $6,869Tier 1 (core) risk-based capital
  • $47,201Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $106,740Restructured Loans and leases
  • $5,925Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $17,848Total interest income
  • $1,773Total interest expense
  • $16,075Net interest income
  • $535Provision for loan and lease losses
  • $5,106Total noninterest income
  • $2,418Fiduciary activities
  • $1,081Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,607Additional noninterest income
  • $17,373Total noninterest expense
  • $9,526Salaries and employee benefits
  • $3,312Premises and equipment expense
  • $4,535Additional noninterest expense
  • $3,273Pre-tax net operating income
  • $0Securities gains (losses)
  • $932Applicable income taxes
  • $2,341Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,341Net income attributable to bank
  • $0Net charge-offs
  • $2,341Cash dividends
  • $524Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.24%Yield on earning assets
  • 0.42%Cost of funding earning assets
  • 3.82%Net interest margin
  • 1.21%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • 0.51%Net operating income to assets
  • 0.51%Return on assets (ROA)
  • 0.71%Pretax return on assets
  • 4.97%Return on equity (ROE)
  • 4.97%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 102.10%Credit loss provision to net charge-offs
  • 7.27%Efficiency ratio
  • 82,022Assets per employee
  • 3.74%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 472.95%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 70.12%Net loans and leases to core deposits
  • 82.65%Equity capital to assets
  • 10.54%Core capital (leverage) ratio
  • 10.28%Tier 1 risk-based capital ratio
  • 13.29%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $459,921Average earning assets
  • $47,117Average equity
  • $421,190Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $486,289Managed Assets
  • 1Number of Accounts
  • $459,497Personal trust and agency accounts
  • $140,325Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $33,956Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $277,816Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $7,400Non-managed Assets
  • 447Number of Accounts
  • $0Personal trust and agency accounts
  • $33,956Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $26,792Other retirement accounts
  • $16,971Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $9,480Fiduciary accounts held in foreign offices

List of branches

  • 10 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061527Virginia National Bank222 East Main Street, Charlottesville, VA 22902July 29, 1998Full Service Brick and Mortar
    1290801Seminole Trail Branch1580 Seminole Trail, Charlottesville, VA 22901November 04, 1998Full Service Brick and Mortar
    2357430Barracks Road Office1900 Arlington Blvd., Charlottesville, VA 22903December 21, 1999Full Service Brick and Mortar
    3361526Orange Branch102 E. Main Street, Orange, VA 22960November 08, 2000Full Service Brick and Mortar
    4363111Winchester Branch186 N Loudoun Street, Winchester, VA 22601January 28, 2002Full Service Brick and Mortar
    5366318Messenger Service/Main Office222 East Main Street, Charlottesville, VA 22902January 02, 2003Limited Service Messenger
    6426589Creekside Office3119 Valley Avenue #102, Winchester, VA 22601December 29, 2003Full Service Brick and Mortar
    7452391Orange County523 North Madison Road, Orange, VA 22960June 05, 2006Limited Service Facility
    9458021Messenger Service Branch28904 North James Madison Highway, Arvonia, VA 23004November 28, 2006Limited Service Messenger
    10479880Pantops Office Branch404 People Place, Charlottesville, VA 22911April 28, 2008Full Service Brick and Mortar

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