Peoples Bank of Virginia in Richmond, Virginia (VA)
| Peoples Bank of Virginia | |
|---|---|
| General | FDIC Certificate #: 57364 Status: Active Federal Reserve ID: 3101775 Date Established: April 15, 2002 WWW: http://www.pbva.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Domestic: 4, Interstate: No) FDIC's unique #: 362555 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: April 15, 2002 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: 2702 North Parham Road, Richmond, VA 23294 County: Henrico 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 | Merge BIF and SAIF Funds into DIF |
| Financial Summary | Total assets: $285.9 mil Equity capital: $39.1 mil Deposits held in domestic offices: $246.3 mil Return on assets (ROA): 0.72% ($2.1 mil) Quarterly return on assets: 0.77% ($2.2 mil) Return on Equity (ROE): 5.50% ($2.1 mil) Quarterly return on equity: 5.75% ($2.2 mil) Net income: $2.1 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.09% ($3,116.3 mil) Quarterly Pretax return on assets: 1.16% ($3,316.4 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 37 |
| Total assets | $285,898 |
| Cash and due from depository institutions | $81,748 |
| Interest-bearing balances | $77,364 |
| Securities | $14,864 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $181,439 |
| Loan loss allowance | $3,948 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,529 |
| Other real estate owned | $175 |
| Goodwill and other intangibles | $0 |
| All other assets | $4,143 |
| Life insurance assets | $285,898 |
| Total liabilities and capital | $246,800 |
| Total liabilities | $246,263 |
| Total deposits | $208,189 |
| Interest-bearing deposits | $246,263 |
| Deposits held in domestic offices | $88 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $537 |
| All other liabilities | $39,098 |
| Total equity capital | $39,098 |
| Total bank equity capital | $39,098 |
| Perpetual preferred stock | $0 |
| Common stock | $10,080 |
| Surplus | $13,195 |
| Undivided profits | $15,823 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $3,236 |
| Earning assets | $32 |
| Long-term assets (5+ years) | $738 |
| Average Assets, year-to-date | $273,667 |
| Average Assets, quarterly | $6,416 |
| Volatile liabilities | $290,616 |
| Insider loans | $290,117 |
| FHLB advances | $188,017 |
| Loans and leases held for sale | $291,616 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $39,071 |
| Total risk weighted assets | $0 |
| Total unused commitments | $0 |
| Restructured Loans and leases | $27,716 |
| Derivatives | $10,215 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $12,456 |
| Total interest expense | $3,507 |
| Net interest income | $8,949 |
| Provision for loan and lease losses | $1,250 |
| Total noninterest income | $515 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $308 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $207 |
| Total noninterest expense | $5,057 |
| Salaries and employee benefits | $3,063 |
| Premises and equipment expense | $334 |
| Additional noninterest expense | $1,660 |
| Pre-tax net operating income | $3,157 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $1,062 |
| Income before extraordinary items | $2,095 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $2,095 |
| Net charge-offs | $0 |
| Cash dividends | $2,095 |
| Sale, conversion, retirement of capital stock, net | $1,338 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.48% |
| Cost of funding earning assets | 1.26% |
| Net interest margin | 3.22% |
| Noninterest income to earning assets | 0.19% |
| Noninterest expense to earning assets | 1.82% |
| Net operating income to assets | 0.72% |
| Return on assets (ROA) | 0.72% |
| Pretax return on assets | 1.09% |
| Return on equity (ROE) | 5.50% |
| Retained earnings to average equity (YTD only) | 5.50% |
| Net charge-offs to loans | 0.69% |
| Credit loss provision to net charge-offs | 93.42% |
| Efficiency ratio | 3.29% |
| Assets per employee | $53,434 |
| Cash dividends to net income (YTD only) | 7.73% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 2.13% |
| Noncurrent assets plus other real estate owned to assets | 122.00% |
| Noncurrent loans to loans | 1.19% |
| Net loans and leases to deposits | 1.75% |
| Net loans and leases to core deposits | 73.68% |
| Equity capital to assets | 84.58% |
| Core capital (leverage) ratio | 13.68% |
| Tier 1 risk-based capital ratio | 13.40% |
| Total risk-based capital ratio | 20.78% |
| Memoranda | |
| Average assets | $22 |
| Average earning assets | $290,616 |
| Average equity | $38,069 |
| Average loans | $278,176 |
| 4 Virginia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 362555 | Peoples Bank Of Virginia | 2702 North Parham Road, Richmond, VA 23294 | April 15, 2002 | Full Service Brick and Mortar |  |
| 1 | 363502 | Hopkins Road Branch | 5734 Hopkins Road, Richmond, VA 23234 | April 15, 2002 | Full Service Brick and Mortar |  |
| 2 | 422452 | Courthouse Branch | 6951 Commons Plaza, Chesterfield, VA 23832 | July 01, 2002 | Full Service Brick and Mortar | |
| 3 | 442307 | Midlothian Branch | 14441 Sommerville Court, Midlothian, VA 23113 | November 15, 2004 | Full Service Brick and Mortar | |
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