Essex Bank in Tappahannock, Virginia (VA), MD, GA
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Essex Bank in Tappahannock, Virginia (VA), MD, GA
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Essex Bank - Overview

  • General
  • FDIC Certificate #: 8675
    Status: Active
    Federal Reserve ID: 781028
    Bank Holding Company (Regulatory Top Holder): Community Bankers Trust Corporation (RSSDID: 3687046, Location: Glen Allen, VA)
    Date Established: January 01, 1926
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 24 (Domestic: 24, Interstate: Yes)
    OTS Docket #: 12790
    FDIC's unique #: 5529
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 20, 2009
    Last Structure Change Process Date: December 01, 2009
    Last Data Update: December 01, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 1325 Tappahannock Blvd., Tappahannock, VA 22560
    County: Essex
    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
  • History of Changes
  • Name Change
  • Financial Summary
  • Total assets: $1,091.2 mil
    Equity capital: $113.8 mil
    Deposits held in domestic offices: $934.0 mil
    Return on assets (ROA): 0.19% ($2.1 mil)
    Quarterly return on assets: 0.30% ($3.3 mil)
    Return on Equity (ROE): 1.83% ($2.1 mil)
    Quarterly return on equity: 2.89% ($3.3 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.8 mil
    Pretax return on assets: 0.22% ($2,400.7 mil)
    Quarterly Pretax return on assets: 0.41% ($4,474.0 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
  • 266Total employees (full-time equivalent)
  • $1,091,224Total assets
  • $21,751Cash and due from depository institutions
  • $10,673Interest-bearing balances
  • $297,186Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $627,249Net loans & leases
  • $15,611Loan loss allowance
  • $0Trading account assets
  • $35,084Bank premises and fixed assets
  • $16,016Other real estate owned
  • $12,558Goodwill and other intangibles
  • $1,091,224Life insurance assets
  • $81,380All other assets
  • $977,435Total liabilities and capital
  • $934,012Total liabilities
  • $868,538Total deposits
  • $934,012Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $37,000Trading liabilities
  • $0Other borrowed funds
  • $6,423Subordinated debt
  • $113,789All other liabilities
  • $113,789Total equity capital
  • $113,789Total bank equity capital
  • $0Perpetual preferred stock
  • $6,119Common stock
  • $148,317Surplus
  • $-40,647Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $580Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $42,057Income earned, not collected on loans
  • $0Earning assets
  • $3,613Long-term assets (5+ years)
  • $935,108Average Assets, year-to-date
  • $405,119Average Assets, quarterly
  • $1,085,259Volatile liabilities
  • $1,081,453Insider loans
  • $632,689FHLB advances
  • $1,066,299Loans and leases held for sale
  • $15,323Unused loan commitments
  • $6,977Tier 1 (core) risk-based capital
  • $94,947Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $8,346Total unused commitments
  • $51,964Restructured Loans and leases
  • $5,350Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $56,109Total interest income
  • $12,023Total interest expense
  • $44,086Net interest income
  • $1,515Provision for loan and lease losses
  • $2,462Total noninterest income
  • $0Fiduciary activities
  • $2,503Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$41Additional noninterest income
  • $45,495Total noninterest expense
  • $16,374Salaries and employee benefits
  • $4,131Premises and equipment expense
  • $24,990Additional noninterest expense
  • -$462Pre-tax net operating income
  • $2,868Securities gains (losses)
  • $367Applicable income taxes
  • $2,039Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,039Net income attributable to bank
  • $0Net charge-offs
  • $2,039Cash dividends
  • $12,276Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.10%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 4.80%Net interest margin
  • 0.27%Noninterest income to earning assets
  • 4.95%Noninterest expense to earning assets
  • -0.04%Net operating income to assets
  • 0.19%Return on assets (ROA)
  • 0.22%Pretax return on assets
  • 1.83%Return on equity (ROE)
  • 1.83%Retained earnings to average equity (YTD only)
  • 1.97%Net charge-offs to loans
  • 12.34%Credit loss provision to net charge-offs
  • 0.09%Efficiency ratio
  • 92,880Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.43%Loss allowance to noncurrent loans
  • 37.12%Noncurrent assets plus other real estate owned to assets
  • 5.32%Noncurrent loans to loans
  • 6.54%Net loans and leases to deposits
  • 67.16%Net loans and leases to core deposits
  • 70.63%Equity capital to assets
  • 10.43%Core capital (leverage) ratio
  • 8.90%Tier 1 risk-based capital ratio
  • 15.01%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,085,259Average earning assets
  • $111,250Average equity
  • $919,370Average loans

List of branches

  • 4 Georgia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1410651Essex Bank Loganville Branch4581 Atlanta Highway, Loganville, GA 30052October 05, 1946Full Service Brick and Mortar
    15238162Essex Bank Snellville Branch2208 Main St E, Snellville, GA 30078May 05, 1999Full Service Brick and Mortar
    16360514Essex Bank Grayson Branch2001 Grayson Hwy, Grayson, GA 30017October 31, 2000Full Service Brick and Mortar
    17455606Essex Bank Covington Branch10105 Hwy 142, Covington, GA 30014October 05, 2006Full Service Brick and Mortar
  • 7 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    1843597Essex Bank Crofton Branch2120 Baldwin Avenue, Crofton, MD 21114January 01, 1954Full Service Brick and Mortar
    19281979Essex Bank Clinton Branch9023 Woodyard Road, Clinton, MD 20735January 01, 1954Full Service Brick and Mortar
    20267505Essex Bank Arnold Branch1460 Ritchie Highway, Arnold, MD 21012June 30, 1987Full Service Brick and Mortar
    21281980Essex Bank Rockville Branch1101 Nelson Street, Rockville, MD 20850July 01, 1996Full Service Brick and Mortar
    22441803Essex Bank Landover Hills Branch7467 Annapolis Road, Landover Hills, MD 20784June 30, 2002Full Service Brick and Mortar
    23485643Essex Bank Rosedale Branch1230 Race Rd, Baltimore, MD 21237October 08, 2004Full Service Brick and Mortar
    24485644Essex Bank Catonsville Branch1000 Ingleside Ave, Catonsville, MD 21228October 08, 2004Full Service Brick and Mortar
  • 13 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05529Essex Bank1325 Tappahannock Blvd., Tappahannock, VA 22560January 01, 1926Full Service Brick and Mortar
    2218829King William Branch4935 Richmond Tappahannock Hwy, Manquin, VA 23106November 21, 1988Full Service Brick and Mortar
    3218830East Hanover Branch6315 Mechanicsville Turnpike, Mechanicsville, VA 23111August 17, 1992Full Service Brick and Mortar
    413571West Point Branch1681 Main Street, West Point, VA 23181January 06, 1968Full Service Brick and Mortar
    5218831Virginia Center Office9951 Brook Road, Glenn Allen, VA 23060June 14, 1999Full Service Brick and Mortar
    6451973Prince Street Branch323 Prince Street, Tappahannock, VA 22560June 12, 2006Full Service Brick and Mortar
    7361227Goochland Courthouse Branch1949 Sandy Hook Road, Goochland, VA 23063November 25, 2002Full Service Brick and Mortar
    8431537Goochland Centerville Branch100 Broad Street Road, Manakin Sabot, VA 23103October 20, 2003Full Service Brick and Mortar
    9424230Bank Of Louisa, National Association Branch217 East Main Street, Louisa, VA 23093April 19, 2004Full Service Brick and Mortar
    1078807Bank Of Powhatan, Na, Branch2320 Anderson Highway, Powhatan, VA 23139March 20, 2000Full Service Brick and Mortar
    12480291Callao Office Branch654 Northumberland Highway, Callao, VA 22435January 01, 2008Full Service Brick and Mortar
    13480292Burgess Office Branch14750 Northumberland Highway, Burgess, VA 22432October 15, 2007Full Service Brick and Mortar
    25493353Bank Of Powhatan Winterfield Branch3740 Winterfield Road, Midlothian, VA 23113June 22, 2009Full Service Brick and Mortar

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