Black Diamond Savings Bank, FSB in Norton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 08, 2000

  • Black Diamond Savings Bank, FSB in Norton, Virginia (VA)
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Black Diamond Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 31631
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: FNB Southeast (#4906)
    Federal Reserve ID: 196976
    Date Established: January 01, 1971
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 7279
    FDIC's unique #: 44465
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: September 11, 1973
    Last Structure Change Effective Date: October 08, 2000
    Last Structure Change Process Date: November 08, 2000
    Last Data Update: November 08, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 Trent Street, Norton, VA 24273
    County: Norton 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
  • Financial Summary
  • Total assets: $153.7 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $143,247Total assets
  • $10,610Cash and due from depository institutions
  • $7,956Interest-bearing balances
  • $8,926Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $117,920Net loans & leases
  • $1,257Loan loss allowance
  • $0Trading account assets
  • $2,296Bank premises and fixed assets
  • $154Other real estate owned
  • $51Goodwill and other intangibles
  • $0Life insurance assets
  • $3,290All other assets
  • $143,247Total liabilities and capital
  • $134,312Total liabilities
  • $126,398Total deposits
  • $119,798Interest-bearing deposits
  • $126,398Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $6,500Other borrowed funds
  • $0Subordinated debt
  • $1,414All other liabilities
  • $8,935Total equity capital
  • $8,935Total bank equity capital
  • $8,935Perpetual preferred stock
  • $0Common stock
  • $2,088Surplus
  • $4,806Undivided profits
  • Memoranda
  • $2,041Noncurrent loans and leases
  • $11,580Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,041Earning assets
  • $0Long-term assets (5+ years)
  • $867Average Assets, year-to-date
  • $134,802Average Assets, quarterly
  • $0Volatile liabilities
  • $134,175Insider loans
  • $138,921FHLB advances
  • $40,949Loans and leases held for sale
  • $597Unused loan commitments
  • $6,500Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $11,580Total unused commitments
  • $0Restructured Loans and leases
  • $1,097Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $10,313Total interest income
  • $6,162Total interest expense
  • $4,151Net interest income
  • $492Provision for loan and lease losses
  • $744Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $744Additional noninterest income
  • $3,210Total noninterest expense
  • $1,622Salaries and employee benefits
  • $719Premises and equipment expense
  • $869Additional noninterest expense
  • $1,193Pre-tax net operating income
  • $0Securities gains (losses)
  • $429Applicable income taxes
  • $764Income before extraordinary items
  • -$260Extraordinary gains - net
  • $504Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $43Sale, conversion, retirement of capital stock, net
  • $334Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.18%Yield on earning assets
  • 4.88%Cost of funding earning assets
  • 3.29%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 0.57%Net operating income to assets
  • 0.38%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 5.52%Return on equity (ROE)
  • 1.86%Retained earnings to average equity (YTD only)
  • 0.04%Net charge-offs to loans
  • 1144.19%Credit loss provision to net charge-offs
  • 39.19%Efficiency ratio
  • 65,577Assets per employee
  • 3.11%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 66.27%Loss allowance to loans
  • 1.05%Loss allowance to noncurrent loans
  • 120.75%Noncurrent assets plus other real estate owned to assets
  • 0.83%Noncurrent loans to loans
  • 0.87%Net loans and leases to deposits
  • 93.29%Net loans and leases to core deposits
  • 128.25%Equity capital to assets
  • 6.24%Core capital (leverage) ratio
  • 6.41%Tier 1 risk-based capital ratio
  • 10.50%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $134,175Average earning assets
  • $9,131Average equity
  • $126,149Average loans

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