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

This bank is inactive as of May 26, 2006

  • Bank of Tazewell County in Tazewell, Virginia (VA)
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Bank of Tazewell County - Overview

  • General
  • FDIC Certificate #: 836
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The National Bank of Blacksburg (#6821)
    Federal Reserve ID: 844820
    Date Established: September 01, 1889
    WWW: http://www.banktaz.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 12 (Interstate: No)
    OTS Docket #: 13231
    FDIC's unique #: 523
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 26, 2006
    Last Structure Change Process Date: June 01, 2006
    Last Data Update: June 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 309 East Main Street, Tazewell, VA 24651
    County: Tazewell
    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
    Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $343.8 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, 2005)

  • Dollar figures in thousands
  • 97Total employees (full-time equivalent)
  • $348,045Total assets
  • $18,850Cash and due from depository institutions
  • $7,979Interest-bearing balances
  • $140,891Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $169,060Net loans & leases
  • $2,464Loan loss allowance
  • $0Trading account assets
  • $2,972Bank premises and fixed assets
  • $376Other real estate owned
  • $6,992Goodwill and other intangibles
  • $0Life insurance assets
  • $8,904All other assets
  • $348,045Total liabilities and capital
  • $312,237Total liabilities
  • $311,016Total deposits
  • $258,644Interest-bearing deposits
  • $311,016Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $275Other borrowed funds
  • $0Subordinated debt
  • $946All other liabilities
  • $35,808Total equity capital
  • $35,808Total bank equity capital
  • $35,808Perpetual preferred stock
  • $0Common stock
  • $2,077Surplus
  • $1,811Undivided profits
  • Memoranda
  • $31,920Noncurrent loans and leases
  • $17,006Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $432Earning assets
  • $0Long-term assets (5+ years)
  • $2,328Average Assets, year-to-date
  • $317,930Average Assets, quarterly
  • $159,714Volatile liabilities
  • $336,950Insider loans
  • $345,140FHLB advances
  • $54,500Loans and leases held for sale
  • $885Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $17,006Total unused commitments
  • $0Restructured Loans and leases
  • $2,464Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $17,840Total interest income
  • $6,536Total interest expense
  • $11,304Net interest income
  • $569Provision for loan and lease losses
  • $1,593Total noninterest income
  • $375Fiduciary activities
  • $1,025Service charges on deposit accounts
  • $0Trading account gains & fees
  • $193Additional noninterest income
  • $8,199Total noninterest expense
  • $3,684Salaries and employee benefits
  • $814Premises and equipment expense
  • $3,701Additional noninterest expense
  • $4,129Pre-tax net operating income
  • $41Securities gains (losses)
  • $643Applicable income taxes
  • $3,527Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,527Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $536Sale, conversion, retirement of capital stock, net
  • $1,604Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 2.09%Cost of funding earning assets
  • 3.61%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 2.62%Noninterest expense to earning assets
  • 1.04%Net operating income to assets
  • 1.05%Return on assets (ROA)
  • 1.24%Pretax return on assets
  • 9.92%Return on equity (ROE)
  • 5.41%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 106.16%Credit loss provision to net charge-offs
  • 8.76%Efficiency ratio
  • 58,541Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 45.48%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 570.37%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.25%Net loans and leases to deposits
  • 54.36%Net loans and leases to core deposits
  • 65.84%Equity capital to assets
  • 10.29%Core capital (leverage) ratio
  • 8.87%Tier 1 risk-based capital ratio
  • 13.90%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $336,950Average earning assets
  • $35,569Average equity
  • $313,412Average loans

Total Fiduciary and Related Assets (December 31, 2005)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $65,279Managed Assets
  • 1Number of Accounts
  • $59,819Personal trust and agency accounts
  • $42,076Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,574Other retirement accounts
  • $3,534Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $12,635Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 218Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $5,460Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $4,899Fiduciary accounts held in foreign offices

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