Blue Ridge Bank in Walhalla, South Carolina (SC)



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Blue Ridge Bank
GeneralFDIC 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
WWW: http://www.brbwal.com
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
LocationAddress: 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 ChangesName Change
Financial SummaryTotal 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)
Total employees (full-time equivalent)26
Total assets$102,016
Cash and due from depository institutions$2,506
Interest-bearing balances$0
Securities$30,372
Federal funds sold & reverse repurchase agreements$2,986
Net loans & leases$61,423
Loan loss allowance $747
Trading account assets$0
Bank premises and fixed assets$4,040
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$689
Life insurance assets$102,016
Total liabilities and capital$92,209
Total liabilities$91,819
Total deposits$70,461
Interest-bearing deposits$91,819
Deposits held in domestic offices$97
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $390
All other liabilities $9,807
Total equity capital$9,807
Total bank equity capital$9,807
Perpetual preferred stock$0
Common stock$2,321
Surplus$6,114
Undivided profits $1,372
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $57
Earning assets $0
Long-term assets (5+ years) $355
Average Assets, year-to-date $94,781
Average Assets, quarterly $64,378
Volatile liabilities $99,247
Insider loans $100,041
FHLB advances $54,245
Loans and leases held for sale $99,407
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,217
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,473
Derivatives$381
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,612
Total interest expense $873
Net interest income $3,739
Provision for loan and lease losses $195
Total noninterest income $622
Fiduciary activities $0
Service charges on deposit accounts $557
Trading account gains & fees $0
Additional noninterest income $65
Total noninterest expense $2,992
Salaries and employee benefits $1,629
Premises and equipment expense $545
Additional noninterest expense $818
Pre-tax net operating income $1,174
Securities gains (losses) $0
Applicable income taxes $442
Income before extraordinary items $732
Extraordinary gains - net $0
Net income attributable to bank $732
Net charge-offs $0
Cash dividends $732
Sale, conversion, retirement of capital stock, net $104
Net operating income $204
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.02%
Cost of funding earning assets 0.95%
Net interest margin 4.07%
Noninterest income to earning assets 0.68%
Noninterest expense to earning assets 3.26%
Net operating income to assets 0.74%
Return on assets (ROA) 0.74%
Pretax return on assets 1.18%
Return on equity (ROE) 7.97%
Retained earnings to average equity (YTD only) 5.75%
Net charge-offs to loans 0.16%
Credit loss provision to net charge-offs 187.50%
Efficiency ratio13.16%
Assets per employee$68,608
Cash dividends to net income (YTD only)3.92%
Condition Ratios (%)
Loss allowance to loans 27.87%
Loss allowance to noncurrent loans 1.20%
Noncurrent assets plus other real estate owned to assets 1310.53%
Noncurrent loans to loans 0.06%
Net loans and leases to deposits0.09%
Net loans and leases to core deposits 66.90%
Equity capital to assets 70.56%
Core capital (leverage) ratio 9.61%
Tier 1 risk-based capital ratio 9.27%
Total risk-based capital ratio 16.99%
Memoranda
Average assets$18
Average earning assets$99,247
Average equity $9,183
Average loans $91,854
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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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