Vitals
  • Total Assets
    1.1B
  • Total Deposits
    790.2M
  • Total Net Loans
    512.2M
  • Net Income
    7.7M
  • Book Value
    243.4M
  • Book Value x2
    486.7M
  • Book Value x3
    730.1M
ROAA

1.023

ROAE

8.04

Efficiency Ratio

68.918

Net Interest Margin

4.138

Balance Sheet Highlights
Financial Highlights First Virginia Bank - Colonial All Insured Commercial Banks in Virginia
Balance Sheet $(000)
Total Assets 1,081,886 314,121
Total Net Loans 512,216 194,956
Total Deposits 790,158 259,457
Total Equity 243,366 33,080
Profitability
Net Income 7,735 5,088
Return on Average Assets 1.023 1.136
Return on Average Equity 8.04 12.331
Net Interest Margin 4.138 4.087
Efficiency Ratio 68.918 64.352
Noninterest Income/Revenue 21.628 16.852
Balance Sheet Ratios
Loan-to-Deposit 64.825 75.845
Securities/Assets .074 .556
Total Equity/Total Assets .225 .105
Tangible Equity/Tangible Assets .054 -.159
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 77,516 25,831
Tier 2 Capital 5,749 2,844
Total Capital 83,265 28,952
Total Risk Weighted Assets 511,606 210,399
Leverage Ratio 8.37 9.02
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 15.15 12.887
Total Capital Ratio 16.27 14.29

Timeline for First Virginia Bank - Colonial

Branch Banking And Trust Company Of Virginia

First Virginia Bank - Colonial 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 Virginia Bank - Colonial.

View Profile Jul 02 2003

First Colonial Bank

Acquisition: First Virginia Bank - Colonial acquired a new subsidiary, First Colonial Bank, 22 years

View Profile Oct 15 2001

Family Finance Corporation

Family Finance Corporation became a new subsidiary organization for First Virginia Bank - Colonial.

View Profile Oct 15 2001

Family Finance Of Virginia, Inc.

Family Finance Of Virginia, Inc. became a new subsidiary organization for First Virginia Bank - Colonial.

View Profile Oct 15 2001

Want to see more?

Complete timeline for First Virginia Bank - Colonial 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
First Colonial Bank Seller 183,826 Pooling of Interests Discontinued 10/15/2001
First Virginia Bank-South Hill Seller 74,694 Pooling of Interests Discontinued 11/18/1996
First Virginia Bank - Southside Seller 118,953 Pooling of Interests Discontinued 11/18/1995
First Virginia Bank - Hanover Seller 55,489 Discontinued 7/20/1985
The Women's Bank Seller 17,829 Discontinued 5/5/1984
The Peoples Bank Of Hanover County Seller 16,236 Discontinued 7/1/1981
Richmond National Bank Seller 44,786 Discontinued 11/1/1976
Relationships Role Relationship Start Relationship End
Bb&T Corporation Parent 7/2/2003 10/10/2003
First Virginia Banks, Inc. Parent 12/31/1977 7/1/2003
First Virginia Banks, Inc. Parent 6/25/1971 12/30/1977
Family Finance Corporation Subsidary 10/15/2001 7/2/2003
Family Finance Of Virginia, Inc. Subsidary 10/15/2001 7/2/2003
First Colonial Financial Corporation Subsidary 10/15/2001 6/30/2003
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