Xenith Bank in Richmond, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Xenith Bank - Overview

  • General
  • FDIC Certificate #: 57487
    Status: Active
    Federal Reserve ID: 3153288
    Bank Holding Company (Regulatory Top Holder): Bankcap Partners Fund I, L.P. (RSSDID: 3559657, Location: Dallas, TX)
    Date Established: January 27, 2003
    WWW: http://www.xenithbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Domestic: 8, Interstate: No)
    FDIC's unique #: 364223
    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: January 27, 2003
    Last Structure Change Effective Date: July 29, 2011
    Last Structure Change Process Date: August 01, 2011
    Last Data Update: August 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 901 E. Cary Street Suite 1700, Richmond, VA 23219
    County: Richmond 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)
  • History of Changes
  • Participated in FDIC Assisted Absorption/Consolidation/Merger
    Office Purchased
  • Financial Summary
  • Total assets: $476.1 mil
    Equity capital: $79.0 mil
    Deposits held in domestic offices: $375.0 mil
    Return on assets (ROA): 1.36% ($6.5 mil)
    Quarterly return on assets: 0.20% ($1.0 mil)
    Return on Equity (ROE): 7.44% ($5.9 mil)
    Quarterly return on equity: 1.18% ($0.9 mil)
    Net income: $4.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.38% ($6,569.8 mil)
    Quarterly Pretax return on assets: 0.21% ($999.8 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
  • 98Total employees (full-time equivalent)
  • $476,072Total assets
  • $49,201Cash and due from depository institutions
  • $47,136Interest-bearing balances
  • $68,466Securities
  • $5,255Federal funds sold & reverse repurchase agreements
  • $321,632Net loans & leases
  • $4,280Loan loss allowance
  • $0Trading account assets
  • $6,008Bank premises and fixed assets
  • $808Other real estate owned
  • $16,354Goodwill and other intangibles
  • $476,072Life insurance assets
  • $8,348All other assets
  • $397,065Total liabilities and capital
  • $375,007Total liabilities
  • $327,519Total deposits
  • $375,007Interest-bearing deposits
  • $69Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $20,000Trading liabilities
  • $0Other borrowed funds
  • $2,058Subordinated debt
  • $79,007All other liabilities
  • $79,007Total equity capital
  • $79,007Total bank equity capital
  • $7,543Perpetual preferred stock
  • $10,447Common stock
  • $69,773Surplus
  • $-8,756Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,885Income earned, not collected on loans
  • $0Earning assets
  • $1,475Long-term assets (5+ years)
  • $442,489Average Assets, year-to-date
  • $85,578Average Assets, quarterly
  • $349,687Volatile liabilities
  • $472,343Insider loans
  • $349,833FHLB advances
  • $465,763Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $61,190Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $49,524Restructured Loans and leases
  • $2,515Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $18,670Total interest income
  • $2,646Total interest expense
  • $16,024Net interest income
  • $4,005Provision for loan and lease losses
  • $8,924Total noninterest income
  • $0Fiduciary activities
  • $203Service charges on deposit accounts
  • $0Trading account gains & fees
  • $8,721Additional noninterest income
  • $16,184Total noninterest expense
  • $9,440Salaries and employee benefits
  • $2,111Premises and equipment expense
  • $4,633Additional noninterest expense
  • $4,759Pre-tax net operating income
  • $65Securities gains (losses)
  • $75Applicable income taxes
  • $4,749Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,749Net income attributable to bank
  • $0Net charge-offs
  • $4,749Cash dividends
  • $1,329Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.88%Yield on earning assets
  • 0.83%Cost of funding earning assets
  • 5.04%Net interest margin
  • 2.81%Noninterest income to earning assets
  • 5.09%Noninterest expense to earning assets
  • 1.34%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 7.44%Return on equity (ROE)
  • 7.44%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 301.35%Credit loss provision to net charge-offs
  • 6.59%Efficiency ratio
  • 63,969Assets per employee
  • 4.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 72.73%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 1.81%Net loans and leases to deposits
  • 85.77%Net loans and leases to core deposits
  • 90.67%Equity capital to assets
  • 16.60%Core capital (leverage) ratio
  • 13.14%Tier 1 risk-based capital ratio
  • 17.49%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $349,687Average earning assets
  • $63,839Average equity
  • $317,779Average loans

List of branches

  • 8 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364223Xenith Bank901 E. Cary Street Suite 1700, Richmond, VA 23219January 27, 2003Full Service Brick and Mortar
    1425197Plaza Branch1000 North Main Street, Suffolk, VA 23434Febuary 02, 2004Full Service Brick and Mortar
    2468975North Suffolk Branch3535 Bridge Road, Suffolk, VA 23435October 15, 2007Full Service Brick and Mortar
    3510969Bosley Branch100 Bosley Ave, Suffolk, VA 23434January 27, 2003Full Service Brick and Mortar
    4445293Virginia Business Bank Breanch9020 Stony Point Parkway, Suite 225, Richmond, VA 23235April 03, 2006Full Service Brick and Mortar
    5521916Tyson's Corner Branch8200 Greensboro Drive, Mclean, VA 22102June 01, 2010Full Service Retail
    6457611Richmond Branch6806 Paragon Place, Suite 100, Richmond, VA 23230December 22, 2006Full Service Brick and Mortar
    7489601Richmond Branch - Courier6806 Paragon Place, Suite 100, Richmond, VA 23230April 18, 2006Limited Service Messenger

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