Bank of McKenney in Mc Kenney, Virginia (VA)

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Bank of McKenney routing number info

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Bank of McKenney
GeneralFDIC Certificate #: 6139
Status: Active
Federal Reserve ID: 746429
Date Established: January 01, 1906
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Domestic: 6, Interstate: No)
OTS Docket #: 11068
FDIC's unique #: 4143
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: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
LocationAddress: 20701 First Street, Mc Kenney, VA 23872
County: Dinwiddie
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): Richmond-Petersburg, VA (#6760)
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
History of ChangesChange in Location
Financial SummaryTotal assets: $205.0 mil
Equity capital: $20.3 mil
Deposits held in domestic offices: $180.4 mil
Return on assets (ROA): 0.70% ($1.4 mil)
Quarterly return on assets: 0.69% ($1.4 mil)
Return on Equity (ROE): 6.93% ($1.4 mil)
Quarterly return on equity: 6.90% ($1.4 mil)
Net income: $1.4 mil
Quarterly Net income: $0.4 mil
Pretax return on assets: 0.97% ($1,988.7 mil)
Quarterly Pretax return on assets: 1.00% ($2,050.2 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)
Total employees (full-time equivalent)71
Total assets$205,022
Cash and due from depository institutions$8,228
Interest-bearing balances$2,306
Federal funds sold & reverse repurchase agreements$9,530
Net loans & leases$146,836
Loan loss allowance $2,250
Trading account assets$0
Bank premises and fixed assets$7,390
Other real estate owned$709
Goodwill and other intangibles$0
All other assets$8,314
Life insurance assets$205,022
Total liabilities and capital$184,742
Total liabilities$180,427
Total deposits$150,152
Interest-bearing deposits$180,427
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$2,333
Other borrowed funds $0
Subordinated debt $1,982
All other liabilities $20,280
Total equity capital$20,280
Total bank equity capital$20,280
Perpetual preferred stock$66
Common stock$3,788
Undivided profits $10,627
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,833
Earning assets $264
Long-term assets (5+ years) $714
Average Assets, year-to-date $182,687
Average Assets, quarterly $27,237
Volatile liabilities $199,368
Insider loans $205,076
FHLB advances $159,796
Loans and leases held for sale $205,395
Unused loan commitments $4,569
Tier 1 (core) risk-based capital $4,569
Tier 2 risk-based capital $20,417
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,185
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $10,061
Total interest expense $1,967
Net interest income $8,094
Provision for loan and lease losses $825
Total noninterest income $1,627
Fiduciary activities $0
Service charges on deposit accounts $512
Trading account gains & fees $37
Additional noninterest income $1,078
Total noninterest expense $7,207
Salaries and employee benefits $4,132
Premises and equipment expense $971
Additional noninterest expense $2,104
Pre-tax net operating income $1,689
Securities gains (losses) $254
Applicable income taxes $547
Income before extraordinary items $1,396
Extraordinary gains - net $0
Net income attributable to bank $1,396
Net charge-offs $0
Cash dividends $1,396
Sale, conversion, retirement of capital stock, net $625
Net operating income $520
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.69%
Cost of funding earning assets 1.11%
Net interest margin 4.58%
Noninterest income to earning assets 0.92%
Noninterest expense to earning assets 4.07%
Net operating income to assets 0.61%
Return on assets (ROA) 0.70%
Pretax return on assets 0.97%
Return on equity (ROE) 6.93%
Retained earnings to average equity (YTD only) 4.35%
Net charge-offs to loans 0.44%
Credit loss provision to net charge-offs 132.00%
Efficiency ratio4.02%
Assets per employee$74,138
Cash dividends to net income (YTD only)2.89%
Condition Ratios (%)
Loss allowance to loans 37.25%
Loss allowance to noncurrent loans 1.51%
Noncurrent assets plus other real estate owned to assets 58.70%
Noncurrent loans to loans 2.22%
Net loans and leases to deposits2.57%
Net loans and leases to core deposits 81.38%
Equity capital to assets 86.42%
Core capital (leverage) ratio 9.89%
Tier 1 risk-based capital ratio 9.94%
Total risk-based capital ratio 12.78%
Average assets$14
Average earning assets$199,368
Average equity $20,141
Average loans $176,907
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6 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04143Bank Of Mckenney20701 First Street, Mc Kenney, VA 23872January 01, 1906Full Service Brick and Mortar
1208825Airport Branch23315 Airport Street, Petersburg, VA 23803July 27, 1992Full Service Brick and Mortar
2208826Dinwiddie Branch13812 Boydton Plank Road, Dinwiddie, VA 23841April 17, 1995Full Service Brick and Mortar
3208827Matoaca Branch6700 River Road, Matoaca, VA 23803April 15, 1998Full Service Brick and Mortar
5429351Colonial Heights Branch3115 Boulevard, Colonial Heights, VA 23834August 13, 2003Full Service Brick and Mortar
6452399Prince George Branch4700 Owens Way, Prince George, VA 23875June 15, 2006Full Service Brick and Mortar
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