The Horizon Bank of Virginia in Fairfax, Virginia (VA)
Table of contents:
| The Horizon Bank of Virginia | |
|---|---|
| General | FDIC Certificate #: 33146 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Southern Financial Bank (#32470) Federal Reserve ID: 1476349 Date Established: October 01, 1990 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 46382 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: October 01, 1990 Last Structure Change Effective Date: October 01, 1999 Last Structure Change Process Date: November 12, 1999 Last Data Update: November 12, 1999 Data Source Date: April 05, 2012 |
| Location | Address: 8414 Lee Highway, Fairfax, VA 22031 County: Fairfax 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) |
| Financial Summary | Total assets: $127.7 mil |
| Assets and Liabilities (December 31, 1998) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 54 |
| Total assets | $145,410 |
| Cash and due from depository institutions | $5,446 |
| Interest-bearing balances | $0 |
| Securities | $29,169 |
| Federal funds sold & reverse repurchase agreements | $30,846 |
| Net loans & leases | $74,722 |
| Loan loss allowance | $1,011 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $3,106 |
| Other real estate owned | $426 |
| Goodwill and other intangibles | $93 |
| All other assets | $1,602 |
| Life insurance assets | $0 |
| Total liabilities and capital | $145,410 |
| Total liabilities | $135,707 |
| Total deposits | $115,021 |
| Interest-bearing deposits | $85,940 |
| Deposits held in domestic offices | $115,021 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $20,006 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $680 |
| Total equity capital | $9,703 |
| Total bank equity capital | $9,703 |
| Perpetual preferred stock | $9,703 |
| Common stock | $0 |
| Surplus | $4,099 |
| Undivided profits | $3,218 |
| Memoranda | |
| Noncurrent loans and leases | $2,386 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,573 |
| Long-term assets (5+ years) | $74 |
| Average Assets, year-to-date | $437 |
| Average Assets, quarterly | $134,737 |
| Volatile liabilities | $11,580 |
| Insider loans | $127,749 |
| FHLB advances | $134,353 |
| Loans and leases held for sale | $43,533 |
| Unused loan commitments | $1,853 |
| Tier 1 (core) risk-based capital | $0 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $5,335 |
| Total unused commitments | $24,456 |
| Restructured Loans and leases | $0 |
| Derivatives | $82,311 |
| Income and Expense (December 31, 1998) (Dollar figures in thousands) | |
| Total interest income | $9,116 |
| Total interest expense | $4,016 |
| Net interest income | $5,100 |
| Provision for loan and lease losses | $326 |
| Total noninterest income | $810 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $350 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $460 |
| Total noninterest expense | $4,532 |
| Salaries and employee benefits | $1,937 |
| Premises and equipment expense | $970 |
| Additional noninterest expense | $1,625 |
| Pre-tax net operating income | $1,052 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $358 |
| Income before extraordinary items | $694 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $694 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $22 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1998) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.83% |
| Cost of funding earning assets | 3.45% |
| Net interest margin | 4.38% |
| Noninterest income to earning assets | 0.70% |
| Noninterest expense to earning assets | 3.89% |
| Net operating income to assets | 0.54% |
| Return on assets (ROA) | 0.54% |
| Pretax return on assets | 0.82% |
| Return on equity (ROE) | 7.43% |
| Retained earnings to average equity (YTD only) | 7.43% |
| Net charge-offs to loans | 0.03% |
| Credit loss provision to net charge-offs | 1481.82% |
| Efficiency ratio | 62.64% |
| Assets per employee | $76,176 |
| Cash dividends to net income (YTD only) | 2.69% |
| Condition Ratios (%) | |
| Loss allowance to loans | 0.00% |
| Loss allowance to noncurrent loans | 1.33% |
| Noncurrent assets plus other real estate owned to assets | 64.27% |
| Noncurrent loans to loans | 1.37% |
| Net loans and leases to deposits | 2.08% |
| Net loans and leases to core deposits | 64.96% |
| Equity capital to assets | 81.67% |
| Core capital (leverage) ratio | 6.67% |
| Tier 1 risk-based capital ratio | 7.53% |
| Total risk-based capital ratio | 11.64% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $127,749 |
| Average equity | $9,335 |
| Average loans | $116,418 |
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