First Community Bank of Southwest Virginia, Inc. in Tazewell, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 1999

  • First Community Bank of Southwest Virginia, Inc. in Tazewell, Virginia (VA)
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First Community Bank of Southwest Virginia, Inc. - Overview

  • General
  • FDIC Certificate #: 23341
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank (#13012)
    Federal Reserve ID: 782623
    Date Established: Febuary 18, 1981
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    FDIC's unique #: 16360
    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: Febuary 18, 1981
    Last Structure Change Effective Date: April 30, 1999
    Last Structure Change Process Date: May 19, 1999
    Last Data Update: May 19, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 643 East Riverside Drive, Tazewell, VA 24651
    County: Tazewell
    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
    Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $107.0 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
  • 43Total employees (full-time equivalent)
  • $104,859Total assets
  • $3,729Cash and due from depository institutions
  • $0Interest-bearing balances
  • $14,688Securities
  • $23,278Federal funds sold & reverse repurchase agreements
  • $55,316Net loans & leases
  • $693Loan loss allowance
  • $0Trading account assets
  • $2,252Bank premises and fixed assets
  • $0Other real estate owned
  • $4,527Goodwill and other intangibles
  • $0Life insurance assets
  • $1,069All other assets
  • $104,859Total liabilities and capital
  • $94,107Total liabilities
  • $92,737Total deposits
  • $80,528Interest-bearing deposits
  • $92,737Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $261Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $1,109All other liabilities
  • $10,752Total equity capital
  • $10,752Total bank equity capital
  • $10,752Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $5,900Undivided profits
  • Memoranda
  • $2,852Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $246Earning assets
  • $0Long-term assets (5+ years)
  • $470Average Assets, year-to-date
  • $93,282Average Assets, quarterly
  • $24,280Volatile liabilities
  • $104,736Insider loans
  • $104,447FHLB advances
  • $16,468Loans and leases held for sale
  • $301Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,325Total unused commitments
  • $0Restructured Loans and leases
  • $54,709Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $8,117Total interest income
  • $3,771Total interest expense
  • $4,346Net interest income
  • $199Provision for loan and lease losses
  • $529Total noninterest income
  • $0Fiduciary activities
  • $463Service charges on deposit accounts
  • $0Trading account gains & fees
  • $66Additional noninterest income
  • $3,187Total noninterest expense
  • $1,171Salaries and employee benefits
  • $316Premises and equipment expense
  • $1,700Additional noninterest expense
  • $1,489Pre-tax net operating income
  • $4Securities gains (losses)
  • $478Applicable income taxes
  • $1,015Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,015Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $267Sale, conversion, retirement of capital stock, net
  • $800Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.81%Yield on earning assets
  • 4.09%Cost of funding earning assets
  • 4.72%Net interest margin
  • 0.57%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 0.97%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.43%Pretax return on assets
  • 9.52%Return on equity (ROE)
  • 2.02%Retained earnings to average equity (YTD only)
  • 0.46%Net charge-offs to loans
  • 74.53%Credit loss provision to net charge-offs
  • 6.32%Efficiency ratio
  • 58,338Assets per employee
  • 2.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 78.82%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 281.71%Noncurrent assets plus other real estate owned to assets
  • 0.23%Noncurrent loans to loans
  • 0.44%Net loans and leases to deposits
  • 59.65%Net loans and leases to core deposits
  • 72.28%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 6.11%Tier 1 risk-based capital ratio
  • 11.14%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $104,736Average earning assets
  • $10,662Average equity
  • $92,102Average loans

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