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

Virginia Partners Bank - Overview

  • General
  • FDIC Certificate #: 58824
    Status: Active
    Federal Reserve ID: 3688623
    Date Established: August 05, 2008
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 469496
    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: August 05, 2008
    Last Structure Change Effective Date: December 14, 2009
    Last Structure Change Process Date: October 05, 2010
    Last Data Update: October 05, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 410 William Street, Fredericksburg, VA 22401
    County: Fredericksburg 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): 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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $191.4 mil
    Equity capital: $18.9 mil
    Deposits held in domestic offices: $170.5 mil
    Return on assets (ROA): 1.30% ($2.5 mil)
    Quarterly return on assets: 0.33% ($0.6 mil)
    Return on Equity (ROE): 11.95% ($2.3 mil)
    Quarterly return on equity: 3.25% ($0.6 mil)
    Net income: $2.1 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.56% ($1,072.0 mil)
    Quarterly Pretax return on assets: 0.53% ($1,014.5 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
  • 28Total employees (full-time equivalent)
  • $191,421Total assets
  • $3,054Cash and due from depository institutions
  • $206Interest-bearing balances
  • $35,423Securities
  • $8,646Federal funds sold & reverse repurchase agreements
  • $139,315Net loans & leases
  • $2,337Loan loss allowance
  • $0Trading account assets
  • $2,432Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $191,421Life insurance assets
  • $2,551All other assets
  • $172,546Total liabilities and capital
  • $170,463Total liabilities
  • $158,649Total deposits
  • $170,463Interest-bearing deposits
  • $81Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,815Trading liabilities
  • $0Other borrowed funds
  • $268Subordinated debt
  • $18,875All other liabilities
  • $18,875Total equity capital
  • $18,875Total bank equity capital
  • $0Perpetual preferred stock
  • $10,527Common stock
  • $11,015Surplus
  • $-2,667Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $488Income earned, not collected on loans
  • $0Earning assets
  • $514Long-term assets (5+ years)
  • $183,590Average Assets, year-to-date
  • $71,974Average Assets, quarterly
  • $164,008Volatile liabilities
  • $187,156Insider loans
  • $129,635FHLB advances
  • $188,856Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,045Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,876Restructured Loans and leases
  • $5,463Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,771Total interest income
  • $2,051Total interest expense
  • $5,720Net interest income
  • $526Provision for loan and lease losses
  • $159Total noninterest income
  • $0Fiduciary activities
  • $69Service charges on deposit accounts
  • $0Trading account gains & fees
  • $90Additional noninterest income
  • $4,504Total noninterest expense
  • $2,162Salaries and employee benefits
  • $581Premises and equipment expense
  • $1,761Additional noninterest expense
  • $849Pre-tax net operating income
  • $76Securities gains (losses)
  • -$1,208Applicable income taxes
  • $2,133Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,133Net income attributable to bank
  • $0Net charge-offs
  • $2,133Cash dividends
  • $38Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.93%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.63%Net interest margin
  • 0.10%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 0.56%Pretax return on assets
  • 11.95%Return on equity (ROE)
  • 11.95%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 1384.21%Credit loss provision to net charge-offs
  • 36.18%Efficiency ratio
  • 76,612Assets per employee
  • 6.84%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.65%Loss allowance to noncurrent loans
  • 478.89%Noncurrent assets plus other real estate owned to assets
  • 0.25%Noncurrent loans to loans
  • 0.34%Net loans and leases to deposits
  • 81.73%Net loans and leases to core deposits
  • 96.74%Equity capital to assets
  • 9.86%Core capital (leverage) ratio
  • 9.55%Tier 1 risk-based capital ratio
  • 13.92%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $164,008Average earning assets
  • $17,847Average equity
  • $157,607Average loans

List of branches

  • 3 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0469496Virginia Partners Bank410 William Street, Fredericksburg, VA 22401August 05, 2008Full Service Brick and Mortar
    1491185Westwood Branch2101 Plank Rd, Fredericksburg, VA 22401October 22, 2008Full Service Brick and Mortar
    2518473Cowan Branch2521 Cowan Boulevard, Fredericksburg, VA 22401March 22, 2011Full Service Brick and Mortar

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