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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