Bank Of The Commonwealth
Norfolk, VA — State Member Bank
Acquired Sep 2011
Vitals
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Total Assets985.1M -19.3 %
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Total Deposits901.8M -12.6 %
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Total Net Loans780.0M -14.3 %
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Net Income-32752000.0000 -987.0 %
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Book Value16.5M -82.9 %
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Book Value x232.9M -82.9 %
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Book Value x349.4M -82.9 %
Balance Sheet Highlights
| Financial Highlights | Bank Of The Commonwealth | All Insured Commercial Banks in Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 985,096 | 561,370 |
| Total Net Loans | 780,021 | 375,174 |
| Total Deposits | 901,845 | 458,736 |
| Total Equity | 16,718 | 57,985 |
| Profitability | ||
| Net Income | -32,752 | 1,724 |
| Return on Average Assets | -6.252 | .411 |
| Return on Average Equity | -182.702 | 3.735 |
| Net Interest Margin | 2.457 | 3.968 |
| Efficiency Ratio | 147.231 | 75.918 |
| Noninterest Income/Revenue | -4.21 | 12.851 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 86.492 | 82.171 |
| Securities/Assets | .013 | .141 |
| Total Equity/Total Assets | .017 | .103 |
| Tangible Equity/Tangible Assets | .017 | .096 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 16,498 | 52,224 |
| Tier 2 Capital | 10,825 | 4,933 |
| Total Capital | 27,323 | 57,131 |
| Total Risk Weighted Assets | 817,156 | 402,869 |
| Leverage Ratio | 1.61 | 9.89 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 2.02 | 13.618 |
| Total Capital Ratio | 3.34 | 14.926 |
Timeline for Bank Of The Commonwealth
Bank Of The Commonwealth was acquired by 12 years
Sep 24 2011
Southern Bank And Trust Company
Bank Of The Commonwealth was acquired by Southern Bank And Trust Company 12 years
View Profile Sep 24 2011
Wov Properties, Llc
Wov Properties, Llc became a new subsidiary organization for Bank Of The Commonwealth.
View Profile May 08 2009
Commonwealth Property Associates, Llc
Commonwealth Property Associates, Llc became a new subsidiary organization for Bank Of The Commonwealth.
View Profile Mar 31 2008
Commonwealth Financial Advisors, Llc
Commonwealth Financial Advisors, Llc became a new subsidiary organization for Bank Of The Commonwealth.
View Profile Nov 01 2005
Want to see more?
Complete timeline for Bank Of The Commonwealth is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Southern Bank And Trust Company | Buyer | 2,440,526 | Failure | 9/24/2011 |
| Relationships | Role | Relationship Start | Relationship End |
| Commonwealth Bankshares, Inc. | Parent | 11/7/1988 | 9/23/2011 |
| Boc Title Of Hampton Roads, Inc. | Subsidary | 4/12/1996 | 9/23/2011 |
| Boc Insurance Agencies Of Hampton Roads, Inc. | Subsidary | 6/30/2007 | 9/23/2011 |
| Community Home Mortgage Of Va, Inc. | Subsidary | 6/30/2007 | 9/23/2011 |
| Commonwealth Financial Advisors, Llc | Subsidary | 11/1/2005 | 9/23/2011 |
| Commonwealth Property Associates, Llc | Subsidary | 3/31/2008 | 9/23/2011 |
| Wov Properties, Llc | Subsidary | 5/8/2009 | 9/23/2011 |
| Boc Insurance Agencies Of Hampton Roads, Inc. | Subsidary | 4/12/2001 | 6/29/2007 |
| Community Home Mortgage Of Va, Inc. | Subsidary | 7/13/2004 | 6/29/2007 |
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