Bank of Floyd in Floyd, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Bank of Floyd - Overview

  • General
  • FDIC Certificate #: 16993
    Status: Active
    Federal Reserve ID: 355821
    Bank Holding Company (Regulatory Top Holder): Cardinal Bankshares Corporation (RSSDID: 2434467, Location: Floyd, VA)
    Date Established: January 01, 1951
    WWW: http://www.bankoffloyd.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 14051
    FDIC's unique #: 11066
    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: Febuary 24, 1959
    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: 101 Jacksonville Circle, Floyd, VA 24091
    County: Floyd
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $258.8 mil
    Equity capital: $23.9 mil
    Deposits held in domestic offices: $234.2 mil
    Return on assets (ROA): 0.56% ($1.5 mil)
    Quarterly return on assets: 0.62% ($1.6 mil)
    Return on Equity (ROE): 5.91% ($1.4 mil)
    Quarterly return on equity: 6.60% ($1.6 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.65% ($1,682.2 mil)
    Quarterly Pretax return on assets: 0.74% ($1,915.1 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
  • 68Total employees (full-time equivalent)
  • $258,794Total assets
  • $19,013Cash and due from depository institutions
  • $14,758Interest-bearing balances
  • $68,642Securities
  • $33,700Federal funds sold & reverse repurchase agreements
  • $122,032Net loans & leases
  • $2,580Loan loss allowance
  • $0Trading account assets
  • $2,859Bank premises and fixed assets
  • $2,982Other real estate owned
  • $0Goodwill and other intangibles
  • $258,794Life insurance assets
  • $9,566All other assets
  • $234,884Total liabilities and capital
  • $234,175Total liabilities
  • $200,342Total deposits
  • $234,175Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $709Subordinated debt
  • $23,910All other liabilities
  • $23,910Total equity capital
  • $23,910Total bank equity capital
  • $0Perpetual preferred stock
  • $4,655Common stock
  • $2,900Surplus
  • $16,355Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,936Income earned, not collected on loans
  • $0Earning assets
  • $785Long-term assets (5+ years)
  • $239,132Average Assets, year-to-date
  • $88,427Average Assets, quarterly
  • $244,160Volatile liabilities
  • $252,406Insider loans
  • $147,259FHLB advances
  • $252,676Loans and leases held for sale
  • $5,515Unused loan commitments
  • $5,515Tier 1 (core) risk-based capital
  • $23,426Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,612Restructured Loans and leases
  • $564Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $9,724Total interest income
  • $3,066Total interest expense
  • $6,658Net interest income
  • $547Provision for loan and lease losses
  • $460Total noninterest income
  • $0Fiduciary activities
  • $198Service charges on deposit accounts
  • $0Trading account gains & fees
  • $262Additional noninterest income
  • $5,092Total noninterest expense
  • $3,206Salaries and employee benefits
  • $497Premises and equipment expense
  • $1,389Additional noninterest expense
  • $1,479Pre-tax net operating income
  • $106Securities gains (losses)
  • $220Applicable income taxes
  • $1,365Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,365Net income attributable to bank
  • $0Net charge-offs
  • $1,365Cash dividends
  • $698Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.28%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 2.93%Net interest margin
  • 0.20%Noninterest income to earning assets
  • 2.24%Noninterest expense to earning assets
  • 0.52%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 5.91%Return on equity (ROE)
  • 5.91%Retained earnings to average equity (YTD only)
  • 0.52%Net charge-offs to loans
  • 78.37%Credit loss provision to net charge-offs
  • 2.90%Efficiency ratio
  • 71,537Assets per employee
  • 3.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 23.59%Noncurrent assets plus other real estate owned to assets
  • 5.38%Noncurrent loans to loans
  • 8.78%Net loans and leases to deposits
  • 52.11%Net loans and leases to core deposits
  • 56.00%Equity capital to assets
  • 9.24%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 15.91%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $244,160Average earning assets
  • $23,087Average equity
  • $227,268Average loans

List of branches

  • 7 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011066Bank Of Floyd101 Jacksonville Circle, Floyd, VA 24091January 01, 1951Full Service Brick and Mortar
    1239895Cave Spring Branch4094 Postal Drive, Roanoke, VA 24018April 19, 1993Full Service Brick and Mortar
    2239896Hillsville Branch185 South Main Street, Hillsville, VA 24343June 22, 1998Full Service Brick and Mortar
    3239897Willis Branch5598-B Floyd Highway South, Willis, VA 24380July 28, 1997Limited Service Facility
    4357127Christiansburg Branch2145 Roanoke St, Se, Christiansburg, VA 24073June 19, 2000Full Service Brick and Mortar
    5442337Salem Office Branch1634 West Main Street, Salem, VA 24153Febuary 08, 2005Full Service Brick and Mortar
    7466430Fairlawn Branch7349 Perpper Ferry Boulevard, Radford, VA 24141May 01, 2007Full Service Brick and Mortar

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