First National Bank in city_name, state_name - Detailed Financial Reports, Location

First National Bank in Christiansburg, Virginia (VA)
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First National Bank - Overview

General
FDIC Certificate #: 6830
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: StellarOne Bank (#6834)
Federal Reserve ID: 1009420
Date Established: Febuary 05, 1905
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 28 (Interstate: No)
OTS Docket #: 11989
FDIC's unique #: 4591
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 24, 2008
Last Structure Change Process Date: June 06, 2008
Last Data Update: June 06, 2008
Data Source Date: April 05, 2012
Location
Address: 105 Arbor Drive, Christiansburg, VA 24073
County: Montgomery
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): Blacksburg-Christiansburg-Radford, VA (#13980)
CBSA Metro Statistical Area: Blacksburg-Christiansburg-Radford, VA (#13980)
Financial Summary
Total assets: $1,473.0 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, 2007)

Dollar figures in thousands
267Total employees (full-time equivalent)
$1,495,940Total assets
$32,410Cash and due from depository institutions
$883Interest-bearing balances
$220,400Securities
$25,300Federal funds sold & reverse repurchase agreements
$1,107,996Net loans & leases
$14,023Loan loss allowance
$0Trading account assets
$24,647Bank premises and fixed assets
$1,572Other real estate owned
$46,569Goodwill and other intangibles
$16,950Life insurance assets
$37,046All other assets
$1,495,940Total liabilities and capital
$1,313,905Total liabilities
$1,264,095Total deposits
$1,113,831Interest-bearing deposits
$1,264,095Deposits held in domestic offices
0.00%% insured (estimated)
$1,351Federal funds purchased & repurchase agreements
$0Trading liabilities
$42,326Other borrowed funds
$0Subordinated debt
$6,133All other liabilities
$182,035Total equity capital
$182,035Total bank equity capital
$182,035Perpetual preferred stock
$0Common stock
$8,310Surplus
$84,163Undivided profits
Memoranda
$89,562Noncurrent loans and leases
$304,914Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$22,895Earning assets
$0Long-term assets (5+ years)
$7,142Average Assets, year-to-date
$1,354,579Average Assets, quarterly
$304,236Volatile liabilities
$1,517,606Insider loans
$1,501,976FHLB advances
$210,606Loans and leases held for sale
$9,643Unused loan commitments
$42,326Tier 1 (core) risk-based capital
$28,237Tier 2 risk-based capital
$12,552Total risk weighted assets
$304,914Total unused commitments
$908Restructured Loans and leases
$14,023Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$98,924Total interest income
$44,161Total interest expense
$54,763Net interest income
$6,376Provision for loan and lease losses
$14,072Total noninterest income
$788Fiduciary activities
$5,182Service charges on deposit accounts
$0Trading account gains & fees
$8,102Additional noninterest income
$41,559Total noninterest expense
$11,355Salaries and employee benefits
$3,196Premises and equipment expense
$27,008Additional noninterest expense
$20,900Pre-tax net operating income
$0Securities gains (losses)
$6,852Applicable income taxes
$14,048Income before extraordinary items
$0Extraordinary gains - net
$14,048Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6,273Sale, conversion, retirement of capital stock, net
$8,743Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.19%Yield on earning assets
3.21%Cost of funding earning assets
3.98%Net interest margin
1.02%Noninterest income to earning assets
3.02%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.38%Pretax return on assets
7.86%Return on equity (ROE)
2.97%Retained earnings to average equity (YTD only)
0.55%Net charge-offs to loans
101.64%Credit loss provision to net charge-offs
4.35%Efficiency ratio
59,067Assets per employee
5.60%Cash dividends to net income (YTD only)
Condition Ratios (%)
62.24%Loss allowance to loans
1.25%Loss allowance to noncurrent loans
61.25%Noncurrent assets plus other real estate owned to assets
1.64%Noncurrent loans to loans
2.04%Net loans and leases to deposits
87.65%Net loans and leases to core deposits
103.08%Equity capital to assets
12.17%Core capital (leverage) ratio
9.25%Tier 1 risk-based capital ratio
11.10%Total risk-based capital ratio
Memoranda
$12Average assets
$1,517,606Average earning assets
$178,799Average equity
$1,376,544Average loans

Total Fiduciary and Related Assets (December 31, 2007)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$164,240Managed Assets
1Number of Accounts
$121,634Personal trust and agency accounts
$31,586Employee benefit-defined contribution accounts
$22,408Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$67,640Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
258Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$42,606Other retirement accounts
$26Corporate trust and agency accounts
$40,260Other fiduciary accounts
$2,320Fiduciary accounts held in foreign offices

First National Bank in Christiansburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

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First National Bank in Christiansburg, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First National Bank - Overview

Assets and Liabilities (December 31, 2007)

Income and Expense (December 31, 2007)

Performance and Condition Ratios (December 31, 2007)

Total Fiduciary and Related Assets (December 31, 2007)

Comment about this bank, ask questions, or add new information about it:

First National Bank in Christiansburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches