FDIC Certificate #: 24682 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The First Bank and Trust Company (#22918) Federal Reserve ID: 864127 Date Established: September 15, 1983 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 17137 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: September 15, 1983 Last Structure Change Effective Date: May 01, 2003 Last Structure Change Process Date: August 04, 2003 Last Data Update: August 04, 2003 Data Source Date: April 05, 2012
Location
Address: 204 West Main Street, Wise, VA 24293 County: Wise 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: $61.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
27Total employees (full-time equivalent)
$55,899Total assets
$4,392Cash and due from depository institutions
$0Interest-bearing balances
$12,355Securities
$4,700Federal funds sold & reverse repurchase agreements
$32,801Net loans & leases
$570Loan loss allowance
$0Trading account assets
$881Bank premises and fixed assets
$196Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$574All other assets
$55,899Total liabilities and capital
$49,528Total liabilities
$49,301Total deposits
$38,707Interest-bearing deposits
$49,301Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$227All other liabilities
$6,371Total equity capital
$6,371Total bank equity capital
$6,371Perpetual preferred stock
$0Common stock
$1,450Surplus
$1,450Undivided profits
Memoranda
$3,471Noncurrent loans and leases
$2,821Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$612Earning assets
$0Long-term assets (5+ years)
$302Average Assets, year-to-date
$49,856Average Assets, quarterly
$21,431Volatile liabilities
$57,276Insider loans
$56,991FHLB advances
$8,816Loans and leases held for sale
$2,250Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,821Total unused commitments
$0Restructured Loans and leases
$435Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,517Total interest income
$1,283Total interest expense
$2,234Net interest income
$98Provision for loan and lease losses
$596Total noninterest income
$0Fiduciary activities
$465Service charges on deposit accounts
$0Trading account gains & fees
$131Additional noninterest income
$2,163Total noninterest expense
$1,051Salaries and employee benefits
$313Premises and equipment expense
$799Additional noninterest expense
$569Pre-tax net operating income
$34Securities gains (losses)
$176Applicable income taxes
$427Income before extraordinary items
$3Extraordinary gains - net
$430Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$34Sale, conversion, retirement of capital stock, net
$290Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.06%Yield on earning assets
2.57%Cost of funding earning assets
4.48%Net interest margin
1.20%Noninterest income to earning assets
4.34%Noninterest expense to earning assets
0.70%Net operating income to assets
0.75%Return on assets (ROA)
1.06%Pretax return on assets
7.02%Return on equity (ROE)
2.29%Retained earnings to average equity (YTD only)
0.10%Net charge-offs to loans
288.24%Credit loss provision to net charge-offs
19.62%Efficiency ratio
76,431Assets per employee
2.07%Cash dividends to net income (YTD only)
Condition Ratios (%)
67.44%Loss allowance to loans
1.71%Loss allowance to noncurrent loans
93.14%Noncurrent assets plus other real estate owned to assets
1.45%Noncurrent loans to loans
1.83%Net loans and leases to deposits
66.53%Net loans and leases to core deposits
81.02%Equity capital to assets
11.40%Core capital (leverage) ratio
10.80%Tier 1 risk-based capital ratio
17.80%Total risk-based capital ratio
Memoranda
$19Average assets
$57,276Average earning assets
$6,123Average equity
$49,848Average loans
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