The Commonwealth Bank
Richmond, VA — Domestic Branch of a Domestic Bank
Acquired Jun 2003
Vitals
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Total Assets151.1M
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Total Deposits119.1M
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Total Net Loans113.0M
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Net Income314000.0000
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Book Value8.6M
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Book Value x217.2M
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Book Value x325.8M
Balance Sheet Highlights
| Financial Highlights | The Commonwealth Bank | All Insured Commercial Banks in Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 151,064 | 291,971 |
| Total Net Loans | 112,998 | 184,928 |
| Total Deposits | 119,075 | 246,828 |
| Total Equity | 8,595 | 26,017 |
| Profitability | ||
| Net Income | 314 | 1,833 |
| Return on Average Assets | .944 | 1.208 |
| Return on Average Equity | 14.888 | 13.595 |
| Net Interest Margin | 4.577 | 4.196 |
| Efficiency Ratio | 60.659 | 62.719 |
| Noninterest Income/Revenue | 6.862 | 16.185 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 94.897 | 74.715 |
| Securities/Assets | .807 | |
| Total Equity/Total Assets | .057 | .089 |
| Tangible Equity/Tangible Assets | .057 | .021 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 8,583 | 23,805 |
| Tier 2 Capital | 1,225 | 2,417 |
| Total Capital | 9,808 | 26,557 |
| Total Risk Weighted Assets | 102,437 | 196,477 |
| Leverage Ratio | 6.45 | 9.103 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 8.38 | 13.174 |
| Total Capital Ratio | 9.57 | 14.438 |
Timeline for The Commonwealth Bank
First Community Bank Of Mercer County, Inc.
The Commonwealth Bank was acquired by First Community Bank Of Mercer County, Inc. 20 years
View Profile Jun 07 2003
The Commonwealth Bank
The Commonwealth Bank was established 38 years ago and is currently headquartered in Richmond, VA.
Apr 30 1986| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| First Community Bank Of Mercer County, Inc. | Buyer | 439,839 | Acquisition | Discontinued | 6/7/2003 |
| Relationships | Role | Relationship Start | Relationship End |
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