Blue Ridge Bank in Walhalla, South Carolina (SC)
Overview, Financial Summary, Detailed Financial Reports, Branches

Blue Ridge Bank - Overview

  • General
  • FDIC Certificate #: 17773
    Status: Active
    Federal Reserve ID: 174321
    Bank Holding Company (Regulatory Top Holder): Blue Ridge Financial Corporation (RSSDID: 3614668, Location: Walhalla, SC)
    Date Established: June 17, 1957
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 11727
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: June 17, 1957
    Last Structure Change Effective Date: September 19, 2008
    Last Structure Change Process Date: April 06, 2009
    Last Data Update: April 06, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 East Main Street, Walhalla, SC 29691
    County: Oconee
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Columbia Sc
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Greenville-Spartanburg-Anderson, SC (#273)
    Core Based Statistical Area (CBSA): Seneca, SC (#42860)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $102.0 mil
    Equity capital: $9.8 mil
    Deposits held in domestic offices: $91.8 mil
    Return on assets (ROA): 0.74% ($0.8 mil)
    Quarterly return on assets: 0.66% ($0.7 mil)
    Return on Equity (ROE): 7.97% ($0.8 mil)
    Quarterly return on equity: 6.72% ($0.7 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.18% ($1,203.8 mil)
    Quarterly Pretax return on assets: 0.96% ($979.4 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, 2011)

  • Dollar figures in thousands
  • 26Total employees (full-time equivalent)
  • $102,016Total assets
  • $2,506Cash and due from depository institutions
  • $0Interest-bearing balances
  • $30,372Securities
  • $2,986Federal funds sold & reverse repurchase agreements
  • $61,423Net loans & leases
  • $747Loan loss allowance
  • $0Trading account assets
  • $4,040Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $102,016Life insurance assets
  • $689All other assets
  • $92,209Total liabilities and capital
  • $91,819Total liabilities
  • $70,461Total deposits
  • $91,819Interest-bearing deposits
  • $97Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $390Subordinated debt
  • $9,807All other liabilities
  • $9,807Total equity capital
  • $9,807Total bank equity capital
  • $0Perpetual preferred stock
  • $2,321Common stock
  • $6,114Surplus
  • $1,372Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $57Income earned, not collected on loans
  • $0Earning assets
  • $355Long-term assets (5+ years)
  • $94,781Average Assets, year-to-date
  • $64,378Average Assets, quarterly
  • $99,247Volatile liabilities
  • $100,041Insider loans
  • $54,245FHLB advances
  • $99,407Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,217Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,473Restructured Loans and leases
  • $381Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,612Total interest income
  • $873Total interest expense
  • $3,739Net interest income
  • $195Provision for loan and lease losses
  • $622Total noninterest income
  • $0Fiduciary activities
  • $557Service charges on deposit accounts
  • $0Trading account gains & fees
  • $65Additional noninterest income
  • $2,992Total noninterest expense
  • $1,629Salaries and employee benefits
  • $545Premises and equipment expense
  • $818Additional noninterest expense
  • $1,174Pre-tax net operating income
  • $0Securities gains (losses)
  • $442Applicable income taxes
  • $732Income before extraordinary items
  • $0Extraordinary gains - net
  • $732Net income attributable to bank
  • $0Net charge-offs
  • $732Cash dividends
  • $104Sale, conversion, retirement of capital stock, net
  • $204Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.02%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.68%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.74%Net operating income to assets
  • 0.74%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 7.97%Return on equity (ROE)
  • 5.75%Retained earnings to average equity (YTD only)
  • 0.16%Net charge-offs to loans
  • 187.50%Credit loss provision to net charge-offs
  • 13.16%Efficiency ratio
  • 68,608Assets per employee
  • 3.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 27.87%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 1310.53%Noncurrent assets plus other real estate owned to assets
  • 0.06%Noncurrent loans to loans
  • 0.09%Net loans and leases to deposits
  • 66.90%Net loans and leases to core deposits
  • 70.56%Equity capital to assets
  • 9.61%Core capital (leverage) ratio
  • 9.27%Tier 1 risk-based capital ratio
  • 16.99%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $99,247Average earning assets
  • $9,183Average equity
  • $91,854Average loans

List of branches

  • 3 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    011727Blue Ridge Bank100 East Main Street, Walhalla, SC 29691June 17, 1957Full Service Brick and Mortar
    1242741Walhalla Branch100 North John Street, Walhalla, SC 29691November 05, 1985Full Service Brick and Mortar
    2494900Bountyland Road BranchBountyland Rd, Seneca, SC 29672Febuary 23, 2009Full Service Brick and Mortar

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