Big Stone Gap Bank and Trust Company in Big Stone Gap, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 16, 1996

  • Big Stone Gap Bank and Trust Company in Big Stone Gap, Virginia (VA)
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Big Stone Gap Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 22905
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Premier Bank-Central, National Association (#20619)
    Federal Reserve ID: 852629
    Date Established: July 20, 1979
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Interstate: No)
    FDIC's unique #: 16013
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 20, 1979
    Last Structure Change Effective Date: December 16, 1996
    Last Structure Change Process Date: January 10, 1997
    Last Data Update: January 10, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: Wood Avenue And Bank Street, Big Stone Gap, VA 24219
    County: Wise
    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: $23.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $22,123Cash and due from depository institutions
  • $1,972Interest-bearing balances
  • $0Securities
  • $10,330Federal funds sold & reverse repurchase agreements
  • $1,607Net loans & leases
  • $7,416Loan loss allowance
  • $181Trading account assets
  • $0Bank premises and fixed assets
  • $350Other real estate owned
  • $63Goodwill and other intangibles
  • $385Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $22,123Total liabilities
  • $19,862Total deposits
  • $19,792Interest-bearing deposits
  • $17,634Deposits held in domestic offices
  • 19792.00%% insured (estimated)
  • $98Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $70Total equity capital
  • $70Total bank equity capital
  • $2,261Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $971Undivided profits
  • Memoranda
  • $490Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $102Income earned, not collected on loans
  • $54Earning assets
  • $19,353Long-term assets (5+ years)
  • $1,957Average Assets, year-to-date
  • $20,672Average Assets, quarterly
  • $21,899Volatile liabilities
  • $2,767Insider loans
  • $319FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,280Total risk weighted assets
  • $9,832Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,474Total interest expense
  • $713Net interest income
  • $761Provision for loan and lease losses
  • $41Total noninterest income
  • $183Fiduciary activities
  • $0Service charges on deposit accounts
  • $152Trading account gains & fees
  • $0Additional noninterest income
  • $31Total noninterest expense
  • $769Salaries and employee benefits
  • $318Premises and equipment expense
  • $336Additional noninterest expense
  • $115Pre-tax net operating income
  • $134Securities gains (losses)
  • -$425Applicable income taxes
  • -$97Income before extraordinary items
  • -$194Extraordinary gains - net
  • $0Net income attributable to bank
  • -$194Net charge-offs
  • $17Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $771Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.04%Cost of funding earning assets
  • 3.89%Net interest margin
  • 4.15%Noninterest income to earning assets
  • 1.00%Noninterest expense to earning assets
  • 4.19%Net operating income to assets
  • 0.44%Return on assets (ROA)
  • -0.94%Pretax return on assets
  • -1.41%Return on equity (ROE)
  • -11.54%Retained earnings to average equity (YTD only)
  • -11.54%Net charge-offs to loans
  • 0.24%Credit loss provision to net charge-offs
  • 241.18%Efficiency ratio
  • 81,462Assets per employee
  • 1.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.38%Loss allowance to noncurrent loans
  • 177.45%Noncurrent assets plus other real estate owned to assets
  • 0.75%Noncurrent loans to loans
  • 1.34%Net loans and leases to deposits
  • 37.47%Net loans and leases to core deposits
  • 43.56%Equity capital to assets
  • 10.22%Core capital (leverage) ratio
  • 10.49%Tier 1 risk-based capital ratio
  • 23.19%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $20,672Average earning assets
  • $1,680Average equity
  • $18,342Average loans

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