Bedford Federal Savings Bank, National Association in Bedford, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 19, 2006

  • Bedford Federal Savings Bank, National Association in Bedford, Virginia (VA)
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Bedford Federal Savings Bank, National Association - Overview

  • General
  • FDIC Certificate #: 29550
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank (#6830)
    Federal Reserve ID: 449878
    Date Established: November 06, 1935
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 3647
    FDIC's unique #: 42384
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: November 06, 1935
    Last Structure Change Effective Date: May 19, 2006
    Last Structure Change Process Date: June 01, 2006
    Last Data Update: June 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 West Main Street, Bedford, VA 24523
    County: Bedford City
    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): Lynchburg, VA (#4640)
    Core Based Statistical Area (CBSA): Lynchburg, VA (#31340)
    CBSA Metro Statistical Area: Lynchburg, VA (#31340)
  • Financial Summary
  • Total assets: $313.2 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, 2005)

  • Dollar figures in thousands
  • 42Total employees (full-time equivalent)
  • $306,034Total assets
  • $5,929Cash and due from depository institutions
  • $437Interest-bearing balances
  • $11,713Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $256,009Net loans & leases
  • $1,975Loan loss allowance
  • $0Trading account assets
  • $2,977Bank premises and fixed assets
  • $202Other real estate owned
  • $23,509Goodwill and other intangibles
  • $0Life insurance assets
  • $5,695All other assets
  • $306,034Total liabilities and capital
  • $258,435Total liabilities
  • $210,090Total deposits
  • $187,071Interest-bearing deposits
  • $210,090Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $11,000Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $35,453Other borrowed funds
  • $0Subordinated debt
  • $1,892All other liabilities
  • $47,599Total equity capital
  • $47,599Total bank equity capital
  • $47,599Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $29,819Undivided profits
  • Memoranda
  • $17,770Noncurrent loans and leases
  • $68,450Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,051Earning assets
  • $0Long-term assets (5+ years)
  • $1,244Average Assets, year-to-date
  • $268,159Average Assets, quarterly
  • $44,201Volatile liabilities
  • $312,039Insider loans
  • $307,328FHLB advances
  • $57,095Loans and leases held for sale
  • $2,680Unused loan commitments
  • $35,453Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $68,450Total unused commitments
  • $0Restructured Loans and leases
  • $1,975Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $15,419Total interest income
  • $5,729Total interest expense
  • $9,690Net interest income
  • $5Provision for loan and lease losses
  • $1,991Total noninterest income
  • $0Fiduciary activities
  • $787Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,204Additional noninterest income
  • $5,469Total noninterest expense
  • $1,288Salaries and employee benefits
  • $560Premises and equipment expense
  • $3,621Additional noninterest expense
  • $6,207Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,174Applicable income taxes
  • $4,033Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,033Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $26Sale, conversion, retirement of capital stock, net
  • $2,862Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.64%Yield on earning assets
  • 2.09%Cost of funding earning assets
  • 3.54%Net interest margin
  • 0.73%Noninterest income to earning assets
  • 2.00%Noninterest expense to earning assets
  • 1.29%Net operating income to assets
  • 1.29%Return on assets (ROA)
  • 1.99%Pretax return on assets
  • 8.49%Return on equity (ROE)
  • 2.47%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 19.23%Credit loss provision to net charge-offs
  • 238.92%Efficiency ratio
  • 42,736Assets per employee
  • 7.29%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 70.96%Loss allowance to loans
  • 0.77%Loss allowance to noncurrent loans
  • 64.73%Noncurrent assets plus other real estate owned to assets
  • 1.06%Noncurrent loans to loans
  • 1.18%Net loans and leases to deposits
  • 121.86%Net loans and leases to core deposits
  • 147.11%Equity capital to assets
  • 15.55%Core capital (leverage) ratio
  • 8.61%Tier 1 risk-based capital ratio
  • 10.84%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $312,039Average earning assets
  • $47,500Average equity
  • $273,549Average loans

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