First State Bank in Danville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


First State Bank - Overview

  • General
  • FDIC Certificate #: 9502
    Status: Active
    Federal Reserve ID: 722227
    Date Established: September 08, 1919
    WWW: http://www.efirststatebank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 14489
    FDIC's unique #: 6104
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 01, 2011
    Last Structure Change Process Date: September 01, 2011
    Last Data Update: September 01, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 201 N. Union Street, Danville, VA 24543
    County: Danville 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): Danville, VA (#1950)
    Core Based Statistical Area (CBSA): Danville, VA (#19260)
    CBSA Metro Statistical Area: Danville, VA (#19260)
  • Financial Summary
  • Total assets: $37.5 mil
    Equity capital: $1.4 mil
    Deposits held in domestic offices: $35.8 mil
    Return on assets (ROA): 0.29% ($0.1 mil)
    Quarterly return on assets: 0.46% ($0.2 mil)
    Return on Equity (ROE): 7.89% ($0.1 mil)
    Quarterly return on equity: 12.07% ($0.1 mil)
    Net income: $0.1 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.29% ($108.6 mil)
    Quarterly Pretax return on assets: 0.46% ($172.3 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, 2011)

  • Dollar figures in thousands
  • 15Total employees (full-time equivalent)
  • $37,461Total assets
  • $627Cash and due from depository institutions
  • $105Interest-bearing balances
  • $8,302Securities
  • $939Federal funds sold & reverse repurchase agreements
  • $25,475Net loans & leases
  • $587Loan loss allowance
  • $0Trading account assets
  • $831Bank premises and fixed assets
  • $654Other real estate owned
  • $0Goodwill and other intangibles
  • $37,461Life insurance assets
  • $633All other assets
  • $36,028Total liabilities and capital
  • $35,828Total liabilities
  • $33,167Total deposits
  • $35,828Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $200Subordinated debt
  • $1,433All other liabilities
  • $1,433Total equity capital
  • $1,433Total bank equity capital
  • $0Perpetual preferred stock
  • $1,000Common stock
  • $1,500Surplus
  • $-1,067Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,109Income earned, not collected on loans
  • $0Earning assets
  • $255Long-term assets (5+ years)
  • $34,821Average Assets, year-to-date
  • $15,363Average Assets, quarterly
  • $36,047Volatile liabilities
  • $37,666Insider loans
  • $24,815FHLB advances
  • $37,295Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $1,285Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $540Restructured Loans and leases
  • $695Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,068Total interest income
  • $380Total interest expense
  • $1,688Net interest income
  • $0Provision for loan and lease losses
  • $168Total noninterest income
  • $0Fiduciary activities
  • $123Service charges on deposit accounts
  • $0Trading account gains & fees
  • $45Additional noninterest income
  • $1,777Total noninterest expense
  • $700Salaries and employee benefits
  • $91Premises and equipment expense
  • $986Additional noninterest expense
  • $79Pre-tax net operating income
  • $26Securities gains (losses)
  • $0Applicable income taxes
  • $105Income before extraordinary items
  • $0Extraordinary gains - net
  • $105Net income attributable to bank
  • $0Net charge-offs
  • $105Cash dividends
  • $40Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.18%Yield on earning assets
  • 1.14%Cost of funding earning assets
  • 5.05%Net interest margin
  • 0.50%Noninterest income to earning assets
  • 5.31%Noninterest expense to earning assets
  • 0.22%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.29%Pretax return on assets
  • 7.89%Return on equity (ROE)
  • 7.89%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 1.98%Efficiency ratio
  • 95,744Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.25%Loss allowance to noncurrent loans
  • 52.93%Noncurrent assets plus other real estate owned to assets
  • 4.71%Noncurrent loans to loans
  • 4.26%Net loans and leases to deposits
  • 71.10%Net loans and leases to core deposits
  • 76.58%Equity capital to assets
  • 3.83%Core capital (leverage) ratio
  • 3.45%Tier 1 risk-based capital ratio
  • 5.18%Total risk-based capital ratio
  • Memoranda
  • $6Average assets
  • $36,047Average earning assets
  • $1,331Average equity
  • $33,438Average loans

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06104First State Bank201 N. Union Street, Danville, VA 24543September 08, 1919Full Service Brick and Mortar

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