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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