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

This bank is inactive as of December 30, 2006

  • First National Exchange Bank in Roanoke, Virginia (VA)
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First National Exchange Bank - Overview

  • General
  • FDIC Certificate #: 34645
    Status: Inactive
    Closing history: Consolidated - Without Assistance
    Acquiring institution: Carter Bank & Trust (#58596)
    Federal Reserve ID: 2613516
    Date Established: May 01, 1998
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 15 (Interstate: No)
    FDIC's unique #: 61022
    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: May 01, 1998
    Last Structure Change Effective Date: December 30, 2006
    Last Structure Change Process Date: January 10, 2007
    Last Data Update: January 10, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1722 Hershberger Road, Roanoke, VA 24012
    County: Roanoke City
    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
    Metropolitan Statistical Area (MSA): Roanoke, VA (#6800)
    Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
    CBSA Metro Statistical Area: Roanoke, VA (#40220)
  • Financial Summary
  • Total assets: $213.2 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, 2005)

  • Dollar figures in thousands
  • 96Total employees (full-time equivalent)
  • $209,881Total assets
  • $22,341Cash and due from depository institutions
  • $15,634Interest-bearing balances
  • $56,762Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $123,383Net loans & leases
  • $1,874Loan loss allowance
  • $0Trading account assets
  • $3,520Bank premises and fixed assets
  • $511Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $3,364All other assets
  • $209,881Total liabilities and capital
  • $190,313Total liabilities
  • $189,557Total deposits
  • $165,862Interest-bearing deposits
  • $189,557Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $273Other borrowed funds
  • $0Subordinated debt
  • $483All other liabilities
  • $19,568Total equity capital
  • $19,568Total bank equity capital
  • $19,568Perpetual preferred stock
  • $0Common stock
  • $2,462Surplus
  • $13,344Undivided profits
  • Memoranda
  • $3,762Noncurrent loans and leases
  • $250Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,609Earning assets
  • $0Long-term assets (5+ years)
  • $1,132Average Assets, year-to-date
  • $195,779Average Assets, quarterly
  • $19,735Volatile liabilities
  • $222,197Insider loans
  • $213,792FHLB advances
  • $18,962Loans and leases held for sale
  • $100Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $250Total unused commitments
  • $0Restructured Loans and leases
  • $1,699Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $10,650Total interest income
  • $4,984Total interest expense
  • $5,666Net interest income
  • $120Provision for loan and lease losses
  • $703Total noninterest income
  • $0Fiduciary activities
  • $371Service charges on deposit accounts
  • $0Trading account gains & fees
  • $332Additional noninterest income
  • $5,285Total noninterest expense
  • $2,972Salaries and employee benefits
  • $843Premises and equipment expense
  • $1,470Additional noninterest expense
  • $964Pre-tax net operating income
  • $0Securities gains (losses)
  • $148Applicable income taxes
  • $816Income before extraordinary items
  • $0Extraordinary gains - net
  • $816Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $91Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 2.39%Cost of funding earning assets
  • 2.72%Net interest margin
  • 0.34%Noninterest income to earning assets
  • 2.54%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.43%Pretax return on assets
  • 4.25%Return on equity (ROE)
  • 4.25%Retained earnings to average equity (YTD only)
  • 0.07%Net charge-offs to loans
  • 131.87%Credit loss provision to net charge-offs
  • 11.91%Efficiency ratio
  • 82,980Assets per employee
  • 2.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 51.93%Noncurrent assets plus other real estate owned to assets
  • 1.96%Noncurrent loans to loans
  • 2.88%Net loans and leases to deposits
  • 65.09%Net loans and leases to core deposits
  • 72.21%Equity capital to assets
  • 9.32%Core capital (leverage) ratio
  • 9.16%Tier 1 risk-based capital ratio
  • 14.42%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $222,197Average earning assets
  • $19,190Average equity
  • $208,273Average loans

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