FDIC Certificate #: 57320 Status: Active Federal Reserve ID: 3085240 Bank Holding Company (Regulatory Top Holder): Cnb Bancorp, Inc. (RSSDID: 3084618, Location: Windsor, VA) Date Established: April 29, 2003 WWW:http://www.cnbva.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 361861 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: April 29, 2003 Last Structure Change Effective Date: Febuary 15, 2012 Last Structure Change Process Date: Febuary 29, 2012 Last Data Update: Febuary 29, 2012 Data Source Date: April 05, 2012
Location
Address: 11407 Windsor Boulevard, Windsor, VA 23487 County: Isle Of Wight 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 Metropolitan Statistical Area (MSA): Norfolk-Virginia Beach-Newport News, VA-NC (#5720) Core Based Statistical Area (CBSA): Virginia Beach-Norfolk-Newport News, VA-NC (#47260) CBSA Metro Statistical Area: Virginia Beach-Norfolk-Newport News, VA-NC (#47260)
History of Changes
Participated in Reorganization
Financial Summary
Total assets: $53.0 mil Equity capital: $6.7 mil Deposits held in domestic offices: $46.2 mil Return on assets (ROA): 0.23% ($0.1 mil) Quarterly return on assets: 0.42% ($0.2 mil) Return on Equity (ROE): 1.78% ($0.1 mil) Quarterly return on equity: 3.27% ($0.2 mil) Net income: $0.1 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.23% ($121.9 mil) Quarterly Pretax return on assets: 0.42% ($222.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
16Total employees (full-time equivalent)
$52,993Total assets
$792Cash and due from depository institutions
$0Interest-bearing balances
$8,110Securities
$2,974Federal funds sold & reverse repurchase agreements
$38,421Net loans & leases
$549Loan loss allowance
$0Trading account assets
$1,333Bank premises and fixed assets
$682Other real estate owned
$0Goodwill and other intangibles
$52,993Life insurance assets
$681All other assets
$46,272Total liabilities and capital
$46,171Total liabilities
$42,664Total deposits
$46,171Interest-bearing deposits
$95Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$101Subordinated debt
$6,721All other liabilities
$6,721Total equity capital
$6,721Total bank equity capital
$0Perpetual preferred stock
$53Common stock
$8,797Surplus
$-2,129Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$971Income earned, not collected on loans
$0Earning assets
$243Long-term assets (5+ years)
$49,505Average Assets, year-to-date
$7,639Average Assets, quarterly
$51,467Volatile liabilities
$52,256Insider loans
$39,687FHLB advances
$52,213Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$6,642Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,171Restructured Loans and leases
$1,268Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,789Total interest income
$828Total interest expense
$1,961Net interest income
$273Provision for loan and lease losses
$119Total noninterest income
$0Fiduciary activities
$71Service charges on deposit accounts
$0Trading account gains & fees
$48Additional noninterest income
$1,883Total noninterest expense
$1,031Salaries and employee benefits
$131Premises and equipment expense
$721Additional noninterest expense
-$76Pre-tax net operating income
$194Securities gains (losses)
$0Applicable income taxes
$118Income before extraordinary items
$0Extraordinary gains - net
$118Net income attributable to bank
$0Net charge-offs
$118Cash dividends
$344Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.77%Yield on earning assets
1.71%Cost of funding earning assets
4.06%Net interest margin
0.25%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
-0.15%Net operating income to assets
0.23%Return on assets (ROA)
0.23%Pretax return on assets
1.78%Return on equity (ROE)
1.78%Retained earnings to average equity (YTD only)
0.92%Net charge-offs to loans
79.36%Credit loss provision to net charge-offs
0.57%Efficiency ratio
90,529Assets per employee
3.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.41%Loss allowance to noncurrent loans
56.54%Noncurrent assets plus other real estate owned to assets
3.12%Noncurrent loans to loans
2.49%Net loans and leases to deposits
83.21%Net loans and leases to core deposits
94.96%Equity capital to assets
12.68%Core capital (leverage) ratio
12.72%Tier 1 risk-based capital ratio
16.74%Total risk-based capital ratio
Memoranda
$18Average assets
$51,467Average earning assets
$6,637Average equity
$48,341Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
361861
Citizens National Bank
11407 Windsor Boulevard, Windsor, VA 23487
April 29, 2003
Full Service Brick and Mortar
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