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

This bank is inactive as of June 25, 2004

Community National Bank in Pulaski, Virginia (VA)
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Community National Bank - Overview

General
FDIC Certificate #: 33930
Status: Inactive
Federal Reserve ID: 2236214
Date Established: August 29, 1994
WWW: http://www.tonyaakers@i-plus.net
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 16023
FDIC's unique #: 55099
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: August 29, 1994
Last Structure Change Effective Date: June 25, 2004
Last Structure Change Process Date: July 30, 2004
Last Data Update: July 30, 2004
Data Source Date: April 05, 2012
Location
Address: 900 Memorial Drive, Pulaski, VA 24301
County: Pulaski
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): Blacksburg-Christiansburg-Radford, VA (#13980)
CBSA Metro Statistical Area: Blacksburg-Christiansburg-Radford, VA (#13980)
History of Changes
Other Liquidations and Closings
Office Sold
Financial Summary
Total assets: $69.5 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, 2003)

Dollar figures in thousands
25Total employees (full-time equivalent)
$67,780Total assets
$6,269Cash and due from depository institutions
$5,225Interest-bearing balances
$10,642Securities
$137Federal funds sold & reverse repurchase agreements
$40,423Net loans & leases
$491Loan loss allowance
$0Trading account assets
$1,735Bank premises and fixed assets
$0Other real estate owned
$6,899Goodwill and other intangibles
$0Life insurance assets
$1,675All other assets
$67,780Total liabilities and capital
$54,838Total liabilities
$53,024Total deposits
$47,494Interest-bearing deposits
$53,024Deposits held in domestic offices
0.00%% insured (estimated)
$1,240Federal funds purchased & repurchase agreements
$0Trading liabilities
$99Other borrowed funds
$0Subordinated debt
$475All other liabilities
$12,942Total equity capital
$12,942Total bank equity capital
$12,942Perpetual preferred stock
$0Common stock
$2,000Surplus
$10,897Undivided profits
Memoranda
$45Noncurrent loans and leases
$8,299Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$208Earning assets
$0Long-term assets (5+ years)
$214Average Assets, year-to-date
$56,427Average Assets, quarterly
$20,548Volatile liabilities
$65,359Insider loans
$68,515FHLB advances
$7,036Loans and leases held for sale
$358Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,299Total unused commitments
$0Restructured Loans and leases
$460Derivatives

Income and Expense (December 31, 2003)

Dollar figures in thousands
$746Total interest income
$210Total interest expense
$536Net interest income
$48Provision for loan and lease losses
$81Total noninterest income
$0Fiduciary activities
$53Service charges on deposit accounts
$0Trading account gains & fees
$28Additional noninterest income
$491Total noninterest expense
$239Salaries and employee benefits
$29Premises and equipment expense
$223Additional noninterest expense
$78Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$78Income before extraordinary items
$0Extraordinary gains - net
$78Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$12Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2003)

Dollar figures in thousands
Performance Ratios (%, annualized)
1.32%Yield on earning assets
0.37%Cost of funding earning assets
0.94%Net interest margin
0.14%Noninterest income to earning assets
0.87%Noninterest expense to earning assets
0.12%Net operating income to assets
0.12%Return on assets (ROA)
0.12%Pretax return on assets
0.73%Return on equity (ROE)
0.73%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
400.00%Credit loss provision to net charge-offs
10.50%Efficiency ratio
79,579Assets per employee
2.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.20%Loss allowance to noncurrent loans
236.06%Noncurrent assets plus other real estate owned to assets
0.31%Noncurrent loans to loans
0.51%Net loans and leases to deposits
76.24%Net loans and leases to core deposits
85.57%Equity capital to assets
19.09%Core capital (leverage) ratio
9.89%Tier 1 risk-based capital ratio
16.53%Total risk-based capital ratio
Memoranda
$18Average assets
$65,359Average earning assets
$10,712Average equity
$56,728Average loans

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