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

  • Bank of Lancaster in Kilmarnock, Virginia (VA)
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Bank of Lancaster - Overview

  • General
  • FDIC Certificate #: 11200
    Status: Active
    Federal Reserve ID: 34425
    Bank Holding Company (Regulatory Top Holder): Bay Banks Of Virginia, Inc. (RSSDID: 2560665, Location: Kilmarnock, VA)
    Date Established: November 01, 1930
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 9 (Domestic: 9, Interstate: No)
    FDIC's unique #: 7148
    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: October 24, 2008
    Last Structure Change Process Date: October 28, 2008
    Last Data Update: October 28, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Main Street, Kilmarnock, VA 22482
    County: Lancaster
    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: $314.3 mil
    Equity capital: $27.0 mil
    Deposits held in domestic offices: $265.6 mil
    Return on assets (ROA): 0.10% ($0.3 mil)
    Quarterly return on assets: 0.08% ($0.3 mil)
    Return on Equity (ROE): 1.19% ($0.3 mil)
    Quarterly return on equity: 0.97% ($0.3 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.09% ($282.9 mil)
    Quarterly Pretax return on assets: 0.06% ($188.6 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
  • 116Total employees (full-time equivalent)
  • $314,347Total assets
  • $15,262Cash and due from depository institutions
  • $10,369Interest-bearing balances
  • $41,800Securities
  • $2,136Federal funds sold & reverse repurchase agreements
  • $233,501Net loans & leases
  • $3,189Loan loss allowance
  • $0Trading account assets
  • $11,545Bank premises and fixed assets
  • $2,280Other real estate owned
  • $2,808Goodwill and other intangibles
  • $314,347Life insurance assets
  • $5,015All other assets
  • $287,369Total liabilities and capital
  • $265,619Total liabilities
  • $221,714Total deposits
  • $265,619Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 5277.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,000Trading liabilities
  • $0Other borrowed funds
  • $1,473Subordinated debt
  • $26,978All other liabilities
  • $26,978Total equity capital
  • $26,978Total bank equity capital
  • $0Perpetual preferred stock
  • $5,703Common stock
  • $3,016Surplus
  • $18,259Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,547Income earned, not collected on loans
  • $35Earning assets
  • $1,161Long-term assets (5+ years)
  • $287,806Average Assets, year-to-date
  • $83,444Average Assets, quarterly
  • $323,206Volatile liabilities
  • $317,519Insider loans
  • $222,093FHLB advances
  • $319,202Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $24,509Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $31,216Restructured Loans and leases
  • $4,425Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $14,762Total interest income
  • $4,206Total interest expense
  • $10,556Net interest income
  • $495Provision for loan and lease losses
  • $2,069Total noninterest income
  • $0Fiduciary activities
  • $663Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,406Additional noninterest income
  • $12,173Total noninterest expense
  • $6,220Salaries and employee benefits
  • $1,343Premises and equipment expense
  • $4,610Additional noninterest expense
  • -$43Pre-tax net operating income
  • $336Securities gains (losses)
  • -$27Applicable income taxes
  • $320Income before extraordinary items
  • $0Extraordinary gains - net
  • $320Net income attributable to bank
  • $0Net charge-offs
  • $320Cash dividends
  • $537Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.00%Yield on earning assets
  • 1.42%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 4.12%Noninterest expense to earning assets
  • -0.00%Net operating income to assets
  • 0.10%Return on assets (ROA)
  • 0.09%Pretax return on assets
  • 1.19%Return on equity (ROE)
  • 1.19%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 92.18%Credit loss provision to net charge-offs
  • 0.84%Efficiency ratio
  • 96,317Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 57.49%Noncurrent assets plus other real estate owned to assets
  • 2.49%Noncurrent loans to loans
  • 2.34%Net loans and leases to deposits
  • 87.91%Net loans and leases to core deposits
  • 90.65%Equity capital to assets
  • 8.58%Core capital (leverage) ratio
  • 7.68%Tier 1 risk-based capital ratio
  • 11.04%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $323,206Average earning assets
  • $26,792Average equity
  • $295,354Average loans

List of branches

  • 9 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07148Bank Of Lancaster100 Main Street, Kilmarnock, VA 22482November 01, 1930Full Service Brick and Mortar
    1224127White Stone Branch708 Rappahannock Drive, White Stone, VA 22578September 24, 1990Full Service Brick and Mortar
    2264015Route 3 Northside Branch432 North Main Street, Kilmarnock, VA 22482June 30, 1986Full Service Brick and Mortar
    45382Montross Branch15648 Kings Highway, Montross, VA 22520November 05, 1908Full Service Brick and Mortar
    5218507Warsaw Branch4935 Richmond Road, Warsaw, VA 22572June 02, 1980Full Service Brick and Mortar
    6224136Heathsville Branch6941 Northumberland Highway, Heathsville, VA 22473January 21, 1982Full Service Brick and Mortar
    7224131Callao Branch18 Sandy Street, Callao, VA 22435October 15, 1938Full Service Brick and Mortar
    9479782Burgess Branch15104 Northumberland Highway, Burgess, VA 22432June 04, 2008Full Service Brick and Mortar
    10493359Colonial Beach Branch680 Mckinney Boulevard, Colonial Beach, VA 22443March 11, 2009Full Service Brick and Mortar

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