First Vantage Bank /Tri-Cities
Bristol, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2003
Vitals
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Total Assets684.6M
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Total Deposits482.8M
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Total Net Loans372.1M
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Net Income587000.0000
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Book Value157.8M
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Book Value x2315.6M
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Book Value x3473.3M
Balance Sheet Highlights
| Financial Highlights | First Vantage Bank /Tri-Cities | All Insured Commercial Banks in Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 684,610 | 314,121 |
| Total Net Loans | 372,106 | 194,956 |
| Total Deposits | 482,766 | 259,457 |
| Total Equity | 157,783 | 33,080 |
| Profitability | ||
| Net Income | 587 | 5,088 |
| Return on Average Assets | .359 | 1.136 |
| Return on Average Equity | 3.119 | 12.331 |
| Net Interest Margin | 4.109 | 4.087 |
| Efficiency Ratio | 84.018 | 64.352 |
| Noninterest Income/Revenue | 16.849 | 16.852 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 77.078 | 75.845 |
| Securities/Assets | .115 | .556 |
| Total Equity/Total Assets | .23 | .105 |
| Tangible Equity/Tangible Assets | .063 | -.159 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 43,322 | 25,831 |
| Tier 2 Capital | 4,177 | 2,844 |
| Total Capital | 47,499 | 28,952 |
| Total Risk Weighted Assets | 354,867 | 210,399 |
| Leverage Ratio | 7.55 | 9.02 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 12.21 | 12.887 |
| Total Capital Ratio | 13.39 | 14.29 |
Timeline for First Vantage Bank /Tri-Cities
Branch Banking And Trust Company Of Virginia
First Vantage Bank /Tri-Cities was acquired by Branch Banking And Trust Company Of Virginia 20 years
View Profile Oct 11 2003
Bb&T Corporation
Bb&T Corporation became a new parent organization for First Vantage Bank /Tri-Cities.
View Profile Jul 02 2003
Tri-City Bank And Trust Company
Acquisition: First Vantage Bank /Tri-Cities acquired a new subsidiary, Tri-City Bank And Trust Company, 23 years
View Profile Jun 24 2000
Premier Bank-Central, National Association
Acquisition: First Vantage Bank /Tri-Cities acquired a new subsidiary, Premier Bank-Central, National Association, 26 years
View Profile Oct 20 1997
First Virginia Bank Of The Cumberlands
Acquisition: First Vantage Bank /Tri-Cities acquired a new subsidiary, First Virginia Bank Of The Cumberlands, 34 years
View Profile May 19 1990
Want to see more?
Complete timeline for First Vantage Bank /Tri-Cities is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Branch Banking And Trust Company Of Virginia | Buyer | 24,758,835 | Acquisition | Discontinued | 10/11/2003 |
| Tri-City Bank And Trust Company | Seller | 283,876 | Pooling of Interests | Discontinued | 6/24/2000 |
| Premier Bank-Central, National Association | Seller | 304,420 | Pooling of Interests | Discontinued | 10/20/1997 |
| First Virginia Bank Of The Cumberlands | Seller | 63,568 | Discontinued | 5/19/1990 |
| Relationships | Role | Relationship Start | Relationship End |
| Bb&T Corporation | Parent | 7/2/2003 | 10/10/2003 |
| First Virginia Banks, Inc. | Parent | 4/1/1982 | 7/1/2003 |
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