# VIRGINIA CO BANK
NEWPORT NEWS, VA · FDIC certificate 58147 · asset band <$300M · latest filing 2014-09 · stopped filing (departed)

**Verdict on the desk:** this could be *credit-stressed*. Composite score 5 (one point per flag, capital below 5% counted twice; 7 or more is where departures cluster).

## What the filing shows (filed dollars, derived ratios; band percentiles in parentheses)

| Measure | Value | Band median |
|---|---|---|
| Total assets | $127.9M | |
| Deposits | $108.4M | |
| Loans and leases | $101.7M | |
| Total equity | $12.3M | |
| Loans / deposits | 92.84% (p86 of band) | 71.36% |
| Liquid assets / assets | 12.56% (p7 of band) | |
| Uninsured deposits / deposits | 17.70% (p70 of band) | 12.72% |
| Brokered deposits | 13.59% | |
| Wholesale funding | 18.83% (p95 of band) | |
| FHLB advances / assets | 4.30% | |
| Tier 1 leverage | 9.75% (p36 of band) | 10.52% |
| Unrealized securities loss / equity | -2.40% (p14 of band) | 0.17% |
| AOCI / equity | 1.45% (p53 of band) | |
| ROA (annualized) | -0.51% (p4 of band) | 0.81% |
| Net interest margin | 3.94% (p67 of band) | 3.65% |
| Efficiency ratio | 116.71% (p97 of band) | |
| Noncurrent loans | 0.39% (p33 of band) | 0.86% |
| Net charge-offs (annualized) | -0.07% (p6 of band) | |
| Reserve coverage of noncurrent | 271.93% | |
| Real estate % of loans | 80% | |
| Construction % of loans | 55.18% (p84 of band) | |
| Auto loans | $111,000 (0.11% of loans; DQ 0.00%, NCO 0.00%) | |
| Loans to nondepository financials | $0 (0% of equity) (p48 of band) | |
| Deposits YoY | 1.6% | |
| Employees | 32 | |

## Flags firing in the latest filing

- **brokered >10%** (`liq_brokered`)
- **wholesale funding >15%** (`liq_wholesale`)
- **capital falling** (`cap_falling`)
- **losing money** (`earn_negative`)
- **expense ratio p90** (`earn_efficiency`)

## Warning timeline

| Quarter | Score | Flags that first fired | Flags that cleared |
|---|---|---|---|
| 2011-03 | 3 | loans exceed deposits, brokered >10%, wholesale funding >15% |  |
| 2011-06 | 3 |  |  |
| 2011-09 | 4 | capital falling, reserve under noncurrent | loans exceed deposits |
| 2011-12 | 3 |  | reserve under noncurrent |
| 2012-03 | 4 | expense ratio p90, uninsured deposits leaving | capital falling |
| 2012-06 | 4 |  |  |
| 2012-09 | 5 | losing money |  |
| 2012-12 | 6 | capital falling, reserve under noncurrent | uninsured deposits leaving |
| 2013-03 | 4 |  | expense ratio p90, capital falling |
| 2013-06 | 7 | expense ratio p90, deposits shrinking, assets shrinking |  |
| 2013-09 | 7 |  |  |
| 2013-12 | 7 | capital falling | reserve under noncurrent |
| 2014-03 | 3 |  | losing money, deposits shrinking, assets shrinking, capital falling |
| 2014-06 | 4 | losing money |  |
| 2014-09 | 5 | capital falling |  |

## In the news (Google News, unfiltered, newest first; check the city)

- nothing found for that search

## How to verify

- Page: https://getbookiq.com/bank-desk/#bank=58147 (click any number for its formula and FFIEC field codes)
- Latest row, JSON: https://getbookiq.com/bank-desk/data/summary.json · history: https://getbookiq.com/bank-desk/data/h/35.json (key "58147", columns cycle, ASSET, DEP, LNLSGR, EQTOT, ltd, liquid_pct, unins_pct, lev, aoci_pct_eq, sec_loss_eq, roa, nim, eff, nc_pct, nco_pct, LNAUTO, auto_dq, auto_nco, LNNDEPD, ndfi_eq, wholesale_pct, dep_yoy, score, flags)
- Field definitions: https://getbookiq.com/dictionary/#bank-LNNDEPD and the rest of the bank dictionary
- Source: FDIC call report via BankFind, dollars in thousands as filed. Departed means stopped filing, which is usually a merger; FAILED is the FDIC's own list.

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