Bank of McKenney in Mc Kenney, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of McKenney - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 71Total employees (full-time equivalent)
  • $205,022Total assets
  • $8,228Cash and due from depository institutions
  • $2,306Interest-bearing balances
  • $24,015Securities
  • $9,530Federal funds sold & reverse repurchase agreements
  • $146,836Net loans & leases
  • $2,250Loan loss allowance
  • $0Trading account assets
  • $7,390Bank premises and fixed assets
  • $709Other real estate owned
  • $0Goodwill and other intangibles
  • $205,022Life insurance assets
  • $8,314All other assets
  • $184,742Total liabilities and capital
  • $180,427Total liabilities
  • $150,152Total deposits
  • $180,427Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $2,333Trading liabilities
  • $0Other borrowed funds
  • $1,982Subordinated debt
  • $20,280All other liabilities
  • $20,280Total equity capital
  • $20,280Total bank equity capital
  • $66Perpetual preferred stock
  • $3,788Common stock
  • $5,799Surplus
  • $10,627Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,833Income earned, not collected on loans
  • $264Earning assets
  • $714Long-term assets (5+ years)
  • $182,687Average Assets, year-to-date
  • $27,237Average Assets, quarterly
  • $199,368Volatile liabilities
  • $205,076Insider loans
  • $159,796FHLB advances
  • $205,395Loans and leases held for sale
  • $4,569Unused loan commitments
  • $4,569Tier 1 (core) risk-based capital
  • $20,417Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,185Restructured Loans and leases
  • $1,950Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,061Total interest income
  • $1,967Total interest expense
  • $8,094Net interest income
  • $825Provision for loan and lease losses
  • $1,627Total noninterest income
  • $0Fiduciary activities
  • $512Service charges on deposit accounts
  • $37Trading account gains & fees
  • $1,078Additional noninterest income
  • $7,207Total noninterest expense
  • $4,132Salaries and employee benefits
  • $971Premises and equipment expense
  • $2,104Additional noninterest expense
  • $1,689Pre-tax net operating income
  • $254Securities gains (losses)
  • $547Applicable income taxes
  • $1,396Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,396Net income attributable to bank
  • $0Net charge-offs
  • $1,396Cash dividends
  • $625Sale, conversion, retirement of capital stock, net
  • $520Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.58%Net interest margin
  • 0.92%Noninterest income to earning assets
  • 4.07%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.70%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 6.93%Return on equity (ROE)
  • 4.35%Retained earnings to average equity (YTD only)
  • 0.44%Net charge-offs to loans
  • 132.00%Credit loss provision to net charge-offs
  • 4.02%Efficiency ratio
  • 74,138Assets per employee
  • 2.89%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.25%Loss allowance to loans
  • 1.51%Loss allowance to noncurrent loans
  • 58.70%Noncurrent assets plus other real estate owned to assets
  • 2.22%Noncurrent loans to loans
  • 2.57%Net loans and leases to deposits
  • 81.38%Net loans and leases to core deposits
  • 86.42%Equity capital to assets
  • 9.89%Core capital (leverage) ratio
  • 9.94%Tier 1 risk-based capital ratio
  • 12.78%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $199,368Average earning assets
  • $20,141Average equity
  • $176,907Average loans

List of branches

  • 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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