Caroline Savings Bank in Bowling Green, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 24, 2002

Caroline Savings Bank in Bowling Green, Virginia (VA)
Show street view No street view available for this location

Caroline Savings Bank - Overview

General
FDIC Certificate #: 31673
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Virginia Heartland Bank (#27281)
Federal Reserve ID: 202970
Date Established: January 01, 1972
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 7327
FDIC's unique #: 44507
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: Yes
Date of Deposit Insurance: April 12, 1974
Last Structure Change Effective Date: June 24, 2002
Last Structure Change Process Date: July 23, 2002
Last Data Update: July 23, 2002
Data Source Date: April 05, 2012
Location
Address: 268 North Main Street, Bowling Green, VA 22427
County: Caroline
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
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $41.8 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, 2001)

Dollar figures in thousands
20Total employees (full-time equivalent)
$42,589Total assets
$1,170Cash and due from depository institutions
$26Interest-bearing balances
$5,155Securities
$191Federal funds sold & reverse repurchase agreements
$33,770Net loans & leases
$384Loan loss allowance
$0Trading account assets
$1,489Bank premises and fixed assets
$75Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$739All other assets
$42,589Total liabilities and capital
$37,251Total liabilities
$35,991Total deposits
$33,464Interest-bearing deposits
$35,991Deposits held in domestic offices
0.00%% insured (estimated)
$500Federal funds purchased & repurchase agreements
$0Trading liabilities
$300Other borrowed funds
$0Subordinated debt
$460All other liabilities
$5,338Total equity capital
$5,338Total bank equity capital
$5,338Perpetual preferred stock
$0Common stock
$1,557Surplus
$1,873Undivided profits
Memoranda
$1,908Noncurrent loans and leases
$5,145Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3Earning assets
$0Long-term assets (5+ years)
$257Average Assets, year-to-date
$39,142Average Assets, quarterly
$19,348Volatile liabilities
$44,798Insider loans
$43,655FHLB advances
$5,810Loans and leases held for sale
$795Unused loan commitments
$300Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,145Total unused commitments
$0Restructured Loans and leases
$555Derivatives

Income and Expense (December 31, 2001)

Dollar figures in thousands
$3,332Total interest income
$1,662Total interest expense
$1,670Net interest income
$84Provision for loan and lease losses
$569Total noninterest income
$0Fiduciary activities
$258Service charges on deposit accounts
$0Trading account gains & fees
$311Additional noninterest income
$1,715Total noninterest expense
$986Salaries and employee benefits
$229Premises and equipment expense
$500Additional noninterest expense
$440Pre-tax net operating income
$49Securities gains (losses)
$190Applicable income taxes
$299Income before extraordinary items
$0Extraordinary gains - net
$299Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$35Sale, conversion, retirement of capital stock, net
$500Net operating income

Performance and Condition Ratios (December 31, 2001)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.10%Yield on earning assets
4.04%Cost of funding earning assets
4.06%Net interest margin
1.38%Noninterest income to earning assets
4.17%Noninterest expense to earning assets
0.60%Net operating income to assets
0.67%Return on assets (ROA)
1.09%Pretax return on assets
5.59%Return on equity (ROE)
-3.76%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
240.00%Credit loss provision to net charge-offs
14.97%Efficiency ratio
76,597Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
167.22%Loss allowance to loans
1.12%Loss allowance to noncurrent loans
12800.00%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.01%Net loans and leases to deposits
93.83%Net loans and leases to core deposits
110.07%Equity capital to assets
12.53%Core capital (leverage) ratio
11.08%Tier 1 risk-based capital ratio
13.88%Total risk-based capital ratio
Memoranda
$15Average assets
$44,798Average earning assets
$5,350Average equity
$41,151Average 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 Caroline Savings 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.