Community Bank in Staunton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Community Bank in Staunton, Virginia (VA)
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Community Bank - Overview

  • General
  • FDIC Certificate #: 30417
    Status: Active
    Federal Reserve ID: 274678
    Date Established: January 01, 1928
    WWW: http://www.cbnk.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 11 (Domestic: 11, Interstate: No)
    OTS Docket #: 5307
    FDIC's unique #: 43251
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: 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: December 01, 1949
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 38 North Central Avenue, Staunton, VA 24401
    County: Staunton City
    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): Staunton-Waynesboro, VA (#44420)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $511.2 mil
    Equity capital: $49.8 mil
    Deposits held in domestic offices: $365.1 mil
    Return on assets (ROA): 0.55% ($2.8 mil)
    Quarterly return on assets: 0.40% ($2.0 mil)
    Return on Equity (ROE): 5.85% ($2.9 mil)
    Quarterly return on equity: 4.16% ($2.1 mil)
    Net income: $2.9 mil
    Quarterly Net income: $0.5 mil
    Pretax return on assets: 0.86% ($4,396.1 mil)
    Quarterly Pretax return on assets: 0.62% ($3,169.3 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
  • 147Total employees (full-time equivalent)
  • $511,176Total assets
  • $9,494Cash and due from depository institutions
  • $4,132Interest-bearing balances
  • $8,039Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $451,531Net loans & leases
  • $5,942Loan loss allowance
  • $0Trading account assets
  • $8,528Bank premises and fixed assets
  • $12,665Other real estate owned
  • $0Goodwill and other intangibles
  • $511,176Life insurance assets
  • $20,919All other assets
  • $461,356Total liabilities and capital
  • $365,147Total liabilities
  • $335,721Total deposits
  • $365,147Interest-bearing deposits
  • $88Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $93,000Trading liabilities
  • $0Other borrowed funds
  • $3,209Subordinated debt
  • $49,820All other liabilities
  • $49,820Total equity capital
  • $49,820Total bank equity capital
  • $0Perpetual preferred stock
  • $7Common stock
  • $18,512Surplus
  • $31,301Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,366Income earned, not collected on loans
  • $0Earning assets
  • $1,913Long-term assets (5+ years)
  • $463,702Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $522,611Volatile liabilities
  • $514,203Insider loans
  • $430,837FHLB advances
  • $512,514Loans and leases held for sale
  • $6,724Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $50,650Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $43,164Restructured Loans and leases
  • $2,038Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $27,089Total interest income
  • $3,806Total interest expense
  • $23,283Net interest income
  • $4,158Provision for loan and lease losses
  • $2,266Total noninterest income
  • $0Fiduciary activities
  • $1,693Service charges on deposit accounts
  • $0Trading account gains & fees
  • $573Additional noninterest income
  • $16,897Total noninterest expense
  • $9,285Salaries and employee benefits
  • $2,582Premises and equipment expense
  • $5,030Additional noninterest expense
  • $4,494Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,623Applicable income taxes
  • $2,871Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,871Net income attributable to bank
  • $0Net charge-offs
  • $2,871Cash dividends
  • $4,164Sale, conversion, retirement of capital stock, net
  • $950Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.69%Yield on earning assets
  • 0.80%Cost of funding earning assets
  • 4.89%Net interest margin
  • 0.48%Noninterest income to earning assets
  • 3.55%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 5.85%Return on equity (ROE)
  • 3.92%Retained earnings to average equity (YTD only)
  • 0.88%Net charge-offs to loans
  • 99.86%Credit loss provision to net charge-offs
  • 2.08%Efficiency ratio
  • 66,136Assets per employee
  • 3.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.09%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 71.03%Noncurrent assets plus other real estate owned to assets
  • 4.11%Noncurrent loans to loans
  • 1.83%Net loans and leases to deposits
  • 123.66%Net loans and leases to core deposits
  • 131.45%Equity capital to assets
  • 9.75%Core capital (leverage) ratio
  • 9.88%Tier 1 risk-based capital ratio
  • 11.76%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $522,611Average earning assets
  • $49,061Average equity
  • $475,921Average loans

List of branches

  • 11 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    043251Community Bank38 North Central Avenue, Staunton, VA 24401January 01, 1928Full Service Brick and Mortar
    1212391Stuarts Draft Branch2658 Stuarts Draft Highway, Stuarts Draft, VA 24477November 01, 1933Full Service Brick and Mortar
    2280331Waynesboro Branch2934 W. Main St., Waynesboro, VA 22980March 01, 1990Full Service Brick and Mortar
    3280332Lake James Branch1201 Lake James Drive, Virginia Beach, VA 23464April 09, 1997Full Service Brick and Mortar
    4280333Hilltop Branch621 Nevan Road, Virginia Beach, VA 23451November 23, 1998Full Service Brick and Mortar
    5280334Richmond Road Branch101 Community Way, Staunton, VA 24401September 08, 1999Full Service Brick and Mortar
    6418533Verona Branch21 Dick Huff Lane, Verona, VA 24482December 19, 2002Full Service Brick and Mortar
    7463720Lexington Branch102 Walker Street, Lexington, VA 24450March 20, 2006Full Service Brick and Mortar
    8495980Buena Vista Branch2161 Sycamore Ave, Buena Vista, VA 24416October 01, 2008Full Service Brick and Mortar
    9495981Harrisonburg Branch463 Hidden Creek Ln, Harrisonburg, VA 22801October 16, 2006Full Service Brick and Mortar
    10495982Raphine Branch2134 Raphine Road, Raphine, VA 24472December 10, 2001Full Service Brick and Mortar

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