Blue Ridge Bank in Sparta, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 1999

  • Blue Ridge Bank in Sparta, North Carolina (NC)
  • Show street view No street view available for this location

Blue Ridge Bank - Overview

  • General
  • FDIC Certificate #: 27077
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank (#13012)
    Federal Reserve ID: 1156883
    Date Established: October 15, 1987
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 38682
    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: October 15, 1987
    Last Structure Change Effective Date: April 30, 1999
    Last Structure Change Process Date: May 19, 1999
    Last Data Update: May 19, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 125 North Main Street, Sparta, NC 28675
    County: Alleghany
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • Financial Summary
  • Total assets: $120.8 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, 1998)

  • Dollar figures in thousands
  • 50Total employees (full-time equivalent)
  • $120,872Total assets
  • $7,760Cash and due from depository institutions
  • $0Interest-bearing balances
  • $27,823Securities
  • $355Federal funds sold & reverse repurchase agreements
  • $68,310Net loans & leases
  • $994Loan loss allowance
  • $0Trading account assets
  • $2,635Bank premises and fixed assets
  • $0Other real estate owned
  • $12,434Goodwill and other intangibles
  • $0Life insurance assets
  • $1,555All other assets
  • $120,872Total liabilities and capital
  • $97,629Total liabilities
  • $94,859Total deposits
  • $84,648Interest-bearing deposits
  • $94,859Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $1,320Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,450All other liabilities
  • $23,243Total equity capital
  • $23,243Total bank equity capital
  • $23,243Perpetual preferred stock
  • $0Common stock
  • $3,030Surplus
  • $18,385Undivided profits
  • Memoranda
  • $1,828Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $884Earning assets
  • $0Long-term assets (5+ years)
  • $589Average Assets, year-to-date
  • $96,488Average Assets, quarterly
  • $40,806Volatile liabilities
  • $123,216Insider loans
  • $122,146FHLB advances
  • $17,690Loans and leases held for sale
  • $2,225Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $9,503Total unused commitments
  • $0Restructured Loans and leases
  • $74,192Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $9,003Total interest income
  • $4,306Total interest expense
  • $4,697Net interest income
  • $80Provision for loan and lease losses
  • $609Total noninterest income
  • $0Fiduciary activities
  • $429Service charges on deposit accounts
  • $0Trading account gains & fees
  • $180Additional noninterest income
  • $4,429Total noninterest expense
  • $1,863Salaries and employee benefits
  • $747Premises and equipment expense
  • $1,819Additional noninterest expense
  • $797Pre-tax net operating income
  • $0Securities gains (losses)
  • $812Applicable income taxes
  • -$15Income before extraordinary items
  • $0Extraordinary gains - net
  • -$15Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $185Sale, conversion, retirement of capital stock, net
  • $200Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.97%Yield on earning assets
  • 4.29%Cost of funding earning assets
  • 4.68%Net interest margin
  • 0.61%Noninterest income to earning assets
  • 4.41%Noninterest expense to earning assets
  • -0.01%Net operating income to assets
  • -0.01%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • -0.06%Return on equity (ROE)
  • -0.92%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 43.24%Credit loss provision to net charge-offs
  • 4.74%Efficiency ratio
  • 65,699Assets per employee
  • 2.42%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -1333.33%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 112.44%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 1.28%Net loans and leases to deposits
  • 72.01%Net loans and leases to core deposits
  • 87.03%Equity capital to assets
  • 19.23%Core capital (leverage) ratio
  • 9.69%Tier 1 risk-based capital ratio
  • 14.55%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $123,216Average earning assets
  • $23,262Average equity
  • $100,358Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Blue Ridge Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents