First Community Bank of Saltville in Saltville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 1999

  • First Community Bank of Saltville in Saltville, Virginia (VA)
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First Community Bank of Saltville - Overview

  • General
  • FDIC Certificate #: 6910
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 219026
    Date Established: January 01, 1903
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Interstate: No)
    OTS Docket #: 12407
    FDIC's unique #: 4645
    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: July 16, 1999
    Last Structure Change Process Date: August 11, 1999
    Last Data Update: August 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 205 East Main Street, Saltville, VA 24370
    County: Smyth
    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: $162.2 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 30Total employees (full-time equivalent)
  • $148,974Total assets
  • $3,248Cash and due from depository institutions
  • $357Interest-bearing balances
  • $49,248Securities
  • $8,595Federal funds sold & reverse repurchase agreements
  • $81,528Net loans & leases
  • $1,326Loan loss allowance
  • $0Trading account assets
  • $1,814Bank premises and fixed assets
  • $46Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $4,495All other assets
  • $148,974Total liabilities and capital
  • $137,456Total liabilities
  • $84,925Total deposits
  • $74,844Interest-bearing deposits
  • $84,925Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $20,327Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $30,508Other borrowed funds
  • $0Subordinated debt
  • $1,696All other liabilities
  • $11,518Total equity capital
  • $11,518Total bank equity capital
  • $11,518Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $400Undivided profits
  • Memoranda
  • $9,118Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $251Earning assets
  • $0Long-term assets (5+ years)
  • $694Average Assets, year-to-date
  • $139,728Average Assets, quarterly
  • $31,529Volatile liabilities
  • $144,969Insider loans
  • $148,259FHLB advances
  • $31,773Loans and leases held for sale
  • $920Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $6,313Total unused commitments
  • $0Restructured Loans and leases
  • $82,137Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $11,267Total interest income
  • $6,171Total interest expense
  • $5,096Net interest income
  • $420Provision for loan and lease losses
  • $889Total noninterest income
  • $0Fiduciary activities
  • $277Service charges on deposit accounts
  • $0Trading account gains & fees
  • $612Additional noninterest income
  • $3,108Total noninterest expense
  • $1,141Salaries and employee benefits
  • $156Premises and equipment expense
  • $1,811Additional noninterest expense
  • $2,457Pre-tax net operating income
  • $0Securities gains (losses)
  • $801Applicable income taxes
  • $1,656Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,656Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $85Sale, conversion, retirement of capital stock, net
  • $676Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.30%Yield on earning assets
  • 4.55%Cost of funding earning assets
  • 3.75%Net interest margin
  • 0.66%Noninterest income to earning assets
  • 2.29%Noninterest expense to earning assets
  • 1.14%Net operating income to assets
  • 1.14%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 14.59%Return on equity (ROE)
  • 8.64%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 494.12%Credit loss provision to net charge-offs
  • 33.85%Efficiency ratio
  • 51,930Assets per employee
  • 4.97%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.82%Loss allowance to loans
  • 1.60%Loss allowance to noncurrent loans
  • 528.29%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 96.00%Net loans and leases to core deposits
  • 110.94%Equity capital to assets
  • 7.73%Core capital (leverage) ratio
  • 7.85%Tier 1 risk-based capital ratio
  • 14.11%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $144,969Average earning assets
  • $11,348Average equity
  • $135,724Average loans

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