Bank of Clarke County in Berryville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Clarke County - Overview

  • General
  • FDIC Certificate #: 6123
    Status: Active
    Federal Reserve ID: 753324
    Bank Holding Company (Regulatory Top Holder): Eagle Financial Services, Inc. (RSSDID: 1951770, Location: Berryville, VA)
    Date Established: April 01, 1881
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 12293
    FDIC's unique #: 4135
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2 East Main Street, Berryville, VA 22611
    County: Clarke
    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
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $561.6 mil
    Equity capital: $59.2 mil
    Deposits held in domestic offices: $448.8 mil
    Return on assets (ROA): 0.80% ($4.5 mil)
    Quarterly return on assets: 0.57% ($3.2 mil)
    Return on Equity (ROE): 7.90% ($4.7 mil)
    Quarterly return on equity: 5.44% ($3.2 mil)
    Net income: $4.5 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 1.08% ($6,065.0 mil)
    Quarterly Pretax return on assets: 0.76% ($4,268.0 mil)

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 161Total employees (full-time equivalent)
  • $561,578Total assets
  • $21,439Cash and due from depository institutions
  • $13,829Interest-bearing balances
  • $108,969Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $401,681Net loans & leases
  • $8,743Loan loss allowance
  • $0Trading account assets
  • $15,200Bank premises and fixed assets
  • $2,376Other real estate owned
  • $0Goodwill and other intangibles
  • $561,578Life insurance assets
  • $11,913All other assets
  • $502,421Total liabilities and capital
  • $448,778Total liabilities
  • $341,228Total deposits
  • $448,778Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 10000.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $42,250Trading liabilities
  • $0Other borrowed funds
  • $1,393Subordinated debt
  • $59,157All other liabilities
  • $59,157Total equity capital
  • $59,157Total bank equity capital
  • $0Perpetual preferred stock
  • $1,682Common stock
  • $9,773Surplus
  • $47,702Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,542Income earned, not collected on loans
  • $0Earning assets
  • $2,025Long-term assets (5+ years)
  • $524,479Average Assets, year-to-date
  • $131,790Average Assets, quarterly
  • $563,832Volatile liabilities
  • $563,265Insider loans
  • $391,722FHLB advances
  • $567,643Loans and leases held for sale
  • $818Unused loan commitments
  • $818Tier 1 (core) risk-based capital
  • $55,986Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $65,192Restructured Loans and leases
  • $15,958Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,259Total interest income
  • $4,488Total interest expense
  • $22,771Net interest income
  • $3,750Provision for loan and lease losses
  • $5,476Total noninterest income
  • $907Fiduciary activities
  • $1,586Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,983Additional noninterest income
  • $18,598Total noninterest expense
  • $10,564Salaries and employee benefits
  • $1,777Premises and equipment expense
  • $6,257Additional noninterest expense
  • $5,899Pre-tax net operating income
  • $163Securities gains (losses)
  • $1,571Applicable income taxes
  • $4,491Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,491Net income attributable to bank
  • $0Net charge-offs
  • $4,491Cash dividends
  • $2,118Sale, conversion, retirement of capital stock, net
  • $1,600Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.22%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 4.36%Net interest margin
  • 1.05%Noninterest income to earning assets
  • 3.56%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.80%Return on assets (ROA)
  • 1.08%Pretax return on assets
  • 7.90%Return on equity (ROE)
  • 5.09%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 177.05%Credit loss provision to net charge-offs
  • 4.56%Efficiency ratio
  • 65,841Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 35.63%Loss allowance to loans
  • 2.13%Loss allowance to noncurrent loans
  • 343.94%Noncurrent assets plus other real estate owned to assets
  • 0.88%Noncurrent loans to loans
  • 0.62%Net loans and leases to deposits
  • 89.51%Net loans and leases to core deposits
  • 96.99%Equity capital to assets
  • 10.53%Core capital (leverage) ratio
  • 9.86%Tier 1 risk-based capital ratio
  • 14.29%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $563,832Average earning assets
  • $56,830Average equity
  • $522,322Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $104,255Managed Assets
  • 1Number of Accounts
  • $94,769Personal trust and agency accounts
  • $40,956Employee benefit-defined contribution accounts
  • $13,044Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $8,821Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $31,948Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 242Number of Accounts
  • $0Personal trust and agency accounts
  • $8,821Employee benefit-defined contribution accounts
  • $17,265Employee benefit-defined benefit accounts
  • $9,486Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $9,486Fiduciary accounts held in foreign offices

List of branches

  • 11 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04135Bank Of Clarke County2 East Main Street, Berryville, VA 22611April 01, 1881Full Service Brick and Mortar
    1208786Boyce Branch108 West Main Street, Boyce, VA 22620July 01, 1935Full Service Brick and Mortar
    2208787Pleasant Valley Branch2555 Pleasant Valley Road, Winchester, VA 22601August 10, 1992Full Service Brick and Mortar
    3208788Senseny Road Branch1508 Senseny Road, Winchester, VA 22602June 12, 1995Full Service Brick and Mortar
    4246930Stephens City Branch382 Fairfax Pike, Stephens City, VA 22655January 16, 1990Full Service Brick and Mortar
    5208789Old Town Center202 North Loudoun Street, Winchester, VA 22601January 26, 1998Full Service Brick and Mortar
    7363491Sunnyside Branch1460 North Frederick Pike, Winchester, VA 22603April 08, 2002Full Service Brick and Mortar
    8366293Kernstown Branch3360 Valley Avenue, Winchester, VA 22602January 21, 2003Full Service Brick and Mortar
    9430450Millbrook Branch1879 Berryville Pike, Winchester, VA 22603December 22, 2003Full Service Brick and Mortar
    10452576Route 50 West Branch110 Crock Wells Mill Drive, Winchester, VA 22603March 27, 2006Full Service Brick and Mortar
    11521818Round Hill Loudoun Branch21 Main Street, Round Hill, VA 20142April 18, 2011Full Service Brick and Mortar

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