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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