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- Banks in Virginia (VA)
- Bank of Carroll
Bank of Carroll in Hillsville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of July 16, 1999
- Bank of Carroll in Hillsville, Virginia (VA)
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Bank of Carroll - Overview
- General
- FDIC Certificate #: 20632
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
Federal Reserve ID: 25825
Date Established: March 15, 1972
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 3 (Interstate: No)
OTS Docket #: 14109
FDIC's unique #: 14241
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: March 15, 1972
Last Structure Change Effective Date: July 16, 1999
Last Structure Change Process Date: August 11, 1999
Last Data Update: August 11, 1999
Data Source Date: April 05, 2012 - Location
- Address: Cherry And Main Streets, Hillsville, VA 24343
County: Carroll
Quarterly Banking Profile Region: Atlanta
FDIC Geographic Region: Atlanta
FDIC Supervisory Region: Atlanta
FDIC Field Office: Richmond
Office of the Comptroller the Currency (OCC) District: Northeast
Office of Thrift Supervision Region: Southeast - Financial Summary
- Total assets: $79.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
- Dollar figures in thousands
- 26Total employees (full-time equivalent)
- $79,422Total assets
- $2,805Cash and due from depository institutions
- $6Interest-bearing balances
- $20,034Securities
- $8,730Federal funds sold & reverse repurchase agreements
- $44,931Net loans & leases
- $731Loan loss allowance
- $0Trading account assets
- $1,059Bank premises and fixed assets
- $0Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,863All other assets
- $79,422Total liabilities and capital
- $74,439Total liabilities
- $63,320Total deposits
- $51,995Interest-bearing deposits
- $63,320Deposits held in domestic offices
- 0.00%% insured (estimated)
- $435Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $10,053Other borrowed funds
- $0Subordinated debt
- $631All other liabilities
- $4,983Total equity capital
- $4,983Total bank equity capital
- $4,983Perpetual preferred stock
- $0Common stock
- $250Surplus
- $600Undivided profits
- Memoranda
- $4,133Noncurrent loans and leases
- $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $130Earning assets
- $0Long-term assets (5+ years)
- $242Average Assets, year-to-date
- $73,701Average Assets, quarterly
- $19,330Volatile liabilities
- $76,579Insider loans
- $78,178FHLB advances
- $8,607Loans and leases held for sale
- $484Unused loan commitments
- $0Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $6,971Total unused commitments
- $0Restructured Loans and leases
- $43,093Derivatives
Income and Expense (December 31, 1998)
- Dollar figures in thousands
- $5,718Total interest income
- $2,789Total interest expense
- $2,929Net interest income
- $180Provision for loan and lease losses
- $588Total noninterest income
- $0Fiduciary activities
- $299Service charges on deposit accounts
- $0Trading account gains & fees
- $289Additional noninterest income
- $2,336Total noninterest expense
- $763Salaries and employee benefits
- $178Premises and equipment expense
- $1,395Additional noninterest expense
- $1,001Pre-tax net operating income
- $0Securities gains (losses)
- $304Applicable income taxes
- $697Income before extraordinary items
- $0Extraordinary gains - net
- $697Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $123Sale, conversion, retirement of capital stock, net
- $278Net operating income
Performance and Condition Ratios (December 31, 1998)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 8.12%Yield on earning assets
- 3.96%Cost of funding earning assets
- 4.16%Net interest margin
- 0.83%Noninterest income to earning assets
- 3.32%Noninterest expense to earning assets
- 0.91%Net operating income to assets
- 0.91%Return on assets (ROA)
- 1.31%Pretax return on assets
- 14.63%Return on equity (ROE)
- 8.79%Retained earnings to average equity (YTD only)
- 0.28%Net charge-offs to loans
- 147.54%Credit loss provision to net charge-offs
- 9.60%Efficiency ratio
- 66,420Assets per employee
- 3.05%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 39.89%Loss allowance to loans
- 1.60%Loss allowance to noncurrent loans
- 562.31%Noncurrent assets plus other real estate owned to assets
- 0.16%Noncurrent loans to loans
- 0.28%Net loans and leases to deposits
- 70.96%Net loans and leases to core deposits
- 81.40%Equity capital to assets
- 6.27%Core capital (leverage) ratio
- 6.33%Tier 1 risk-based capital ratio
- 11.52%Total risk-based capital ratio
- Memoranda
- $13Average assets
- $76,579Average earning assets
- $4,765Average equity
- $70,432Average loans
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- Banks in Virginia (VA)
- Bank of Carroll
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