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)
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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

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