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- Banks in Virginia (VA)
- First Community Bank of Saltville
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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- Banks in Virginia (VA)
- First Community Bank of Saltville
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