First National Exchange Bank in Roanoke, Virginia (VA)



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First National Exchange Bank
GeneralFDIC 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
LocationAddress: 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 SummaryTotal 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)
Total employees (full-time equivalent)96
Total assets$209,881
Cash and due from depository institutions$22,341
Interest-bearing balances$15,634
Securities$56,762
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$123,383
Loan loss allowance $1,874
Trading account assets$0
Bank premises and fixed assets$3,520
Other real estate owned$511
Goodwill and other intangibles$0
All other assets$3,364
Life insurance assets$0
Total liabilities and capital$209,881
Total liabilities$190,313
Total deposits$189,557
Interest-bearing deposits$165,862
Deposits held in domestic offices$189,557
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $273
Subordinated debt $0
All other liabilities $483
Total equity capital$19,568
Total bank equity capital$19,568
Perpetual preferred stock$19,568
Common stock$0
Surplus$2,462
Undivided profits $13,344
Memoranda
Noncurrent loans and leases $3,762
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $250
Income earned, not collected on loans $0
Earning assets $3,609
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,132
Average Assets, quarterly $195,779
Volatile liabilities $19,735
Insider loans $222,197
FHLB advances $213,792
Loans and leases held for sale $18,962
Unused loan commitments $100
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $250
Restructured Loans and leases $0
Derivatives$1,699
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $10,650
Total interest expense $4,984
Net interest income $5,666
Provision for loan and lease losses $120
Total noninterest income $703
Fiduciary activities $0
Service charges on deposit accounts $371
Trading account gains & fees $0
Additional noninterest income $332
Total noninterest expense $5,285
Salaries and employee benefits $2,972
Premises and equipment expense $843
Additional noninterest expense $1,470
Pre-tax net operating income $964
Securities gains (losses) $0
Applicable income taxes $148
Income before extraordinary items $816
Extraordinary gains - net $0
Net income attributable to bank $816
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $91
Net operating income $0
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.11%
Cost of funding earning assets 2.39%
Net interest margin 2.72%
Noninterest income to earning assets 0.34%
Noninterest expense to earning assets 2.54%
Net operating income to assets 0.37%
Return on assets (ROA) 0.37%
Pretax return on assets 0.43%
Return on equity (ROE) 4.25%
Retained earnings to average equity (YTD only) 4.25%
Net charge-offs to loans 0.07%
Credit loss provision to net charge-offs 131.87%
Efficiency ratio11.91%
Assets per employee$82,980
Cash dividends to net income (YTD only)2.19%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.50%
Noncurrent assets plus other real estate owned to assets 51.93%
Noncurrent loans to loans 1.96%
Net loans and leases to deposits2.88%
Net loans and leases to core deposits 65.09%
Equity capital to assets 72.21%
Core capital (leverage) ratio 9.32%
Tier 1 risk-based capital ratio 9.16%
Total risk-based capital ratio 14.42%
Memoranda
Average assets$16
Average earning assets$222,197
Average equity $19,190
Average loans $208,273
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