Albemarle First Bank
Charlottesville, VA — Domestic Branch of a Domestic Bank
Acquired Jul 2006
Vitals
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Total Assets122.2M 0.6 %
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Total Deposits102.2M 0.8 %
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Total Net Loans95.2M 3.1 %
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Net Income
-
Book Value12.2M 8.0 %
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Book Value x224.4M 8.0 %
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Book Value x336.7M 8.0 %
Balance Sheet Highlights
| Financial Highlights | Albemarle First Bank | All Insured Commercial Banks in Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 122,227 | 356,172 |
| Total Net Loans | 95,165 | 258,177 |
| Total Deposits | 102,242 | 288,066 |
| Total Equity | 12,224 | 35,363 |
| Profitability | ||
| Net Income | — | 9,134 |
| Return on Average Assets | — | 1.132 |
| Return on Average Equity | — | 11.623 |
| Net Interest Margin | 4.706 | 4.235 |
| Efficiency Ratio | 117.804 | 66.809 |
| Noninterest Income/Revenue | 4.414 | 14.34 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 93.078 | 84.888 |
| Securities/Assets | .108 | .616 |
| Total Equity/Total Assets | .1 | .099 |
| Tangible Equity/Tangible Assets | .1 | -.223 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 10,588 | 32,702 |
| Tier 2 Capital | 1,173 | 3,055 |
| Total Capital | 11,761 | 35,994 |
| Total Risk Weighted Assets | 93,463 | 270,720 |
| Leverage Ratio | 8.91 | 10.385 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.33 | 13.898 |
| Total Capital Ratio | 12.58 | 15.076 |
Timeline for Albemarle First Bank
Rockingham Heritage Bank
Albemarle First Bank was acquired by Rockingham Heritage Bank 17 years
View Profile Jul 01 2006
Albemarle First Bank
Albemarle First Bank was established 25 years ago and is currently headquartered in Charlottesville, VA.
Dec 28 1998| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Rockingham Heritage Bank | Buyer | 427,383 | Acquisition | Discontinued | 7/1/2006 |
| Relationships | Role | Relationship Start | Relationship End |
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