Metro-County Bank of Virginia, Inc. in Mechanicsville, Virginia (VA)
Table of contents:
| Metro-County Bank of Virginia, Inc. | |
|---|---|
| General | FDIC Certificate #: 34442 Status: Inactive Closing history: Absorption - Without Assistance Acquiring institution: Southern Financial Bank (#32470) Federal Reserve ID: 2556882 Date Established: May 20, 1997 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 5 (Interstate: No) FDIC's unique #: 57206 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: May 20, 1997 Last Structure Change Effective Date: August 15, 2002 Last Structure Change Process Date: October 29, 2002 Last Data Update: October 29, 2002 Data Source Date: April 05, 2012 |
| Location | Address: 8206 Atlee Road, Mechanicsville, VA 23116 County: Hanover 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) |
| Financial Summary | Total assets: $90.3 mil |
| Assets and Liabilities (December 31, 2001) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 25 |
| Total assets | $93,885 |
| Cash and due from depository institutions | $13,794 |
| Interest-bearing balances | $11,210 |
| Securities | $2,526 |
| Federal funds sold & reverse repurchase agreements | $1,571 |
| Net loans & leases | $73,368 |
| Loan loss allowance | $831 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,527 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $1,099 |
| Life insurance assets | $0 |
| Total liabilities and capital | $93,885 |
| Total liabilities | $86,294 |
| Total deposits | $85,799 |
| Interest-bearing deposits | $75,434 |
| Deposits held in domestic offices | $85,799 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $495 |
| Total equity capital | $7,591 |
| Total bank equity capital | $7,591 |
| Perpetual preferred stock | $7,591 |
| Common stock | $0 |
| Surplus | $3,361 |
| Undivided profits | $6,292 |
| Memoranda | |
| Noncurrent loans and leases | $-2,062 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $17,045 |
| Income earned, not collected on loans | $0 |
| Earning assets | $41 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $368 |
| Average Assets, quarterly | $88,675 |
| Volatile liabilities | $1,176 |
| Insider loans | $86,369 |
| FHLB advances | $91,913 |
| Loans and leases held for sale | $8,178 |
| Unused loan commitments | $1,334 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $17,045 |
| Restructured Loans and leases | $0 |
| Derivatives | $831 |
| Income and Expense (December 31, 2001) (Dollar figures in thousands) | |
| Total interest income | $6,193 |
| Total interest expense | $3,378 |
| Net interest income | $2,815 |
| Provision for loan and lease losses | $472 |
| Total noninterest income | $1,000 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $352 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $648 |
| Total noninterest expense | $2,968 |
| Salaries and employee benefits | $1,295 |
| Premises and equipment expense | $515 |
| Additional noninterest expense | $1,158 |
| Pre-tax net operating income | $375 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $121 |
| Income before extraordinary items | $254 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $254 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $370 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2001) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.67% |
| Cost of funding earning assets | 4.18% |
| Net interest margin | 3.49% |
| Noninterest income to earning assets | 1.24% |
| Noninterest expense to earning assets | 3.68% |
| Net operating income to assets | 0.29% |
| Return on assets (ROA) | 0.29% |
| Pretax return on assets | 0.43% |
| Return on equity (ROE) | 3.41% |
| Retained earnings to average equity (YTD only) | 3.41% |
| Net charge-offs to loans | 0.56% |
| Credit loss provision to net charge-offs | 127.57% |
| Efficiency ratio | 2.29% |
| Assets per employee | $77,143 |
| Cash dividends to net income (YTD only) | 3.76% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.12% |
| Noncurrent assets plus other real estate owned to assets | 2026.83% |
| Noncurrent loans to loans | 0.04% |
| Net loans and leases to deposits | 0.06% |
| Net loans and leases to core deposits | 85.51% |
| Equity capital to assets | 94.52% |
| Core capital (leverage) ratio | 8.09% |
| Tier 1 risk-based capital ratio | 8.22% |
| Total risk-based capital ratio | 9.84% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $86,369 |
| Average equity | $7,459 |
| Average loans | $80,755 |
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