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

This bank is inactive as of May 24, 2008

  • 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

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