FDIC Certificate #: 6838 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Branch Banking and Trust Company of Virginia (#22584) Federal Reserve ID: 361121 Date Established: March 23, 1907 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Interstate: No) OTS Docket #: 15803 FDIC's unique #: 4598 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: March 16, 2002 Last Structure Change Process Date: April 29, 2002 Last Data Update: April 29, 2002 Data Source Date: April 05, 2012
Location
Address: 401 Halifax Street, Emporia, VA 23847 County: Emporia 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
Financial Summary
Total assets: $92.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
29Total employees (full-time equivalent)
$92,736Total assets
$4,898Cash and due from depository institutions
$0Interest-bearing balances
$25,276Securities
$37,677Federal funds sold & reverse repurchase agreements
$15,479Net loans & leases
$325Loan loss allowance
$0Trading account assets
$3,820Bank premises and fixed assets
$0Other real estate owned
$4,295Goodwill and other intangibles
$0Life insurance assets
$1,291All other assets
$92,736Total liabilities and capital
$74,733Total liabilities
$74,266Total deposits
$66,877Interest-bearing deposits
$74,266Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$467All other liabilities
$18,003Total equity capital
$18,003Total bank equity capital
$18,003Perpetual preferred stock
$0Common stock
$2,000Surplus
$8,400Undivided profits
Memoranda
$7,603Noncurrent loans and leases
$2,841Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$179Earning assets
$0Long-term assets (5+ years)
$580Average Assets, year-to-date
$78,432Average Assets, quarterly
$1,451Volatile liabilities
$148,599Insider loans
$121,621FHLB advances
$5,923Loans and leases held for sale
$40Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,841Total unused commitments
$0Restructured Loans and leases
$325Derivatives
Income and Expense (December 31, 2001)
Dollar figures in thousands
$9,298Total interest income
$5,520Total interest expense
$3,778Net interest income
$288Provision for loan and lease losses
$3,444Total noninterest income
$0Fiduciary activities
$831Service charges on deposit accounts
$0Trading account gains & fees
$2,613Additional noninterest income
$6,635Total noninterest expense
$1,641Salaries and employee benefits
$509Premises and equipment expense
$4,485Additional noninterest expense
$299Pre-tax net operating income
$996Securities gains (losses)
$440Applicable income taxes
$855Income before extraordinary items
$0Extraordinary gains - net
$855Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$434Sale, conversion, retirement of capital stock, net
$450Net operating income
Performance and Condition Ratios (December 31, 2001)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.09%Yield on earning assets
4.21%Cost of funding earning assets
2.88%Net interest margin
2.63%Noninterest income to earning assets
5.06%Noninterest expense to earning assets
0.13%Net operating income to assets
0.58%Return on assets (ROA)
0.87%Pretax return on assets
4.81%Return on equity (ROE)
2.28%Retained earnings to average equity (YTD only)
1.14%Net charge-offs to loans
66.36%Credit loss provision to net charge-offs
1.35%Efficiency ratio
46,912Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
52.63%Loss allowance to loans
2.06%Loss allowance to noncurrent loans
181.56%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
1.13%Net loans and leases to deposits
20.84%Net loans and leases to core deposits
22.65%Equity capital to assets
19.41%Core capital (leverage) ratio
10.28%Tier 1 risk-based capital ratio
39.71%Total risk-based capital ratio
Memoranda
$41Average assets
$148,599Average earning assets
$17,760Average equity
$131,070Average loans
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