The Rappahannock National Bank Of Washington
Washington, VA — Domestic Branch of a Domestic Bank
Acquired Oct 2010
Vitals
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Total Assets194.1M 3.4 %
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Total Deposits169.8M 7.8 %
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Total Net Loans136.6M 10.3 %
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Net Income1.3M 247.4 %
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Book Value19.5M 9.5 %
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Book Value x239.0M 9.5 %
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Book Value x358.5M 9.5 %
Balance Sheet Highlights
| Financial Highlights | The Rappahannock National Bank Of Washington | All Insured Commercial Banks in Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 194,114 | 551,155 |
| Total Net Loans | 136,623 | 380,987 |
| Total Deposits | 169,797 | 448,586 |
| Total Equity | 19,508 | 55,336 |
| Profitability | ||
| Net Income | 1,268 | 2,066 |
| Return on Average Assets | .879 | .327 |
| Return on Average Equity | 9.048 | 3.145 |
| Net Interest Margin | 4.365 | 3.891 |
| Efficiency Ratio | 63.028 | 73.27 |
| Noninterest Income/Revenue | 8.344 | 13.664 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 80.463 | 83.966 |
| Securities/Assets | .189 | .134 |
| Total Equity/Total Assets | .1 | .1 |
| Tangible Equity/Tangible Assets | .076 | .093 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 14,087 | 49,551 |
| Tier 2 Capital | 1,508 | 5,033 |
| Total Capital | 15,595 | 54,521 |
| Total Risk Weighted Assets | 120,605 | 401,677 |
| Leverage Ratio | 7.43 | 9.771 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 11.68 | 13.329 |
| Total Capital Ratio | 12.93 | 14.628 |
Timeline for The Rappahannock National Bank Of Washington
Union Bank & Trust
The Rappahannock National Bank Of Washington was acquired by Union Bank & Trust 13 years
View Profile Oct 12 2010
Lake Swan, Llc
Lake Swan, Llc became a new subsidiary organization for The Rappahannock National Bank Of Washington.
View Profile May 20 2009
Union Insurance Group Llc
Union Insurance Group Llc became a new subsidiary organization for The Rappahannock National Bank Of Washington.
View Profile Sep 01 2003
Bankers Title Shenandoah, Llc
Bankers Title Shenandoah, Llc became a new subsidiary organization for The Rappahannock National Bank Of Washington.
View Profile Apr 19 1999
Union Bankshares Corporation
Union Bankshares Corporation became a new parent organization for The Rappahannock National Bank Of Washington.
View Profile Jul 01 1998
Want to see more?
Complete timeline for The Rappahannock National Bank Of Washington is available.
View Complete Timeline| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Union Bank & Trust | Buyer | 8,242,173 | Pooling of Interests | Discontinued | 10/12/2010 |
| Relationships | Role | Relationship Start | Relationship End |
| Union Bankshares Corporation | Parent | 7/1/1998 | 10/11/2010 |
| Rappahannock Bankshares, Inc. | Parent | 10/1/1985 | 6/30/1998 |
| Bankers Title Shenandoah, Llc | Subsidary | 4/19/1999 | 10/11/2010 |
| Union Insurance Group Llc | Subsidary | 9/1/2003 | 10/11/2010 |
| Lake Swan, Llc | Subsidary | 5/20/2009 | 8/3/2010 |
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