Xenith Bank
Richmond, VA — State Member Bank
Active
Vitals
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Total Assets3.3B 57.9 %
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Total Deposits2.6B 50.9 %
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Total Net Loans2.5B 55.7 %
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Net Income60.5M -37.1 %
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Book Value468.2M 49.9 %
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Book Value x2936.5M 49.9 %
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Book Value x31.4B 49.9 %
Balance Sheet Highlights
Financial Highlights | Xenith Bank | All Insured Commercial Banks in Virginia |
Balance Sheet $(000) | ||
Total Assets | 3,272,449 | 858,303 |
Total Net Loans | 2,452,394 | 607,607 |
Total Deposits | 2,595,035 | 699,932 |
Total Equity | 468,706 | 97,657 |
Profitability | ||
Net Income | 60,503 | 7,896 |
Return on Average Assets | 2.012 | .794 |
Return on Average Equity | 12.934 | 6.983 |
Net Interest Margin | 2.885 | 3.805 |
Efficiency Ratio | 86.548 | 71.157 |
Noninterest Income/Revenue | 25.206 | 16.327 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 94.503 | 84.705 |
Securities/Assets | .096 | .136 |
Total Equity/Total Assets | .143 | .114 |
Tangible Equity/Tangible Assets | .134 | .103 |
Capital Adequacy | ||
Tier 1 Common Capital | 314,754 | 87,521 |
Tier 1 Capital | 314,754 | 87,589 |
Tier 2 Capital | 21,945 | 6,159 |
Total Capital | 336,699 | 93,977 |
Total Risk Weighted Assets | 2,811,383 | 657,024 |
Leverage Ratio | 9.93 | 10.765 |
Common Equity Tier 1 Capital Ratio | 11.2 | 14.768 |
Tier 1 Capital Ratio | 11.2 | 14.769 |
Total Capital Ratio | 11.98 | 15.893 |
Timeline for Xenith Bank
Xenith Bank
Acquisition: Xenith Bank acquired a new subsidiary, Xenith Bank, 7 years
View Profile Jul 30 2016Shore Bank
Acquisition: Xenith Bank acquired a new subsidiary, Shore Bank, 8 years
View Profile Oct 10 2015Shore Investments, Inc.
Shore Investments, Inc. became a new subsidiary organization for Xenith Bank.
View Profile Oct 10 2015Gateway Bank & Trust Company
Acquisition: Xenith Bank acquired a new subsidiary, Gateway Bank & Trust Company, 14 years
View Profile May 09 2009Gateway Insurance Services, Inc.
Gateway Insurance Services, Inc. became a new subsidiary organization for Xenith Bank.
View Profile May 09 2009Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Xenith Bank | Seller | 1,070,637 | Acquisition | Discontinued | 7/30/2016 |
Shore Bank | Seller | 389,843 | Pooling of Interests | Discontinued | 10/10/2015 |
Gateway Bank & Trust Company | Seller | 2,209,230 | Pooling of Interests | Discontinued | 5/9/2009 |
New Atlantic Bank, National Association | Seller | 15,083 | Failure | 8/13/1993 | |
Coastal Virginia Bank | Seller | 16,886 | Discontinued | 8/10/1992 |
Relationships | Role | Relationship Start | Relationship End |
Xenith Bankshares, Inc. | Parent | 7/1/2001 | |
Shore Investments, Inc. | Subsidary | 10/10/2015 | |
Gateway Insurance Services, Inc. | Subsidary | 5/9/2009 | |
Gateway Investment Services, Inc. | Subsidary | 5/9/2009 | |
Gateway Bank Mortgage, Inc. | Subsidary | 5/9/2009 | |
Bank Of Hampton Roads Service Corp. | Subsidary | 6/30/2007 | 12/27/2011 |
Gateway Title Agency, Inc | Subsidary | 5/9/2009 | 1/31/2011 |
Bank Of Hampton Roads Service Corp. | Subsidary | 6/3/1996 | 6/29/2007 |
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