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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