FDIC Certificate #: 32073 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union Bank and Trust Company (#11579) Federal Reserve ID: 544876 Date Established: Febuary 05, 1981 WWW:http://www.guarantybankva.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 7 (Interstate: No) OTS Docket #: 7818 FDIC's unique #: 44907 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes Oakar Institutions: Yes State Chartered: Yes Date of Deposit Insurance: July 01, 1997 Last Structure Change Effective Date: September 11, 2004 Last Structure Change Process Date: October 25, 2004 Last Data Update: October 25, 2004 Data Source Date: April 05, 2012
Location
Address: 1658 State Farm Boulevard, Charlottesville, VA 22901 County: Charlottesville 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): Charlottesville, VA (#1540) Core Based Statistical Area (CBSA): Charlottesville, VA (#16820) CBSA Metro Statistical Area: Charlottesville, VA (#16820)
Financial Summary
Total assets: $254.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
91Total employees (full-time equivalent)
$198,977Total assets
$11,703Cash and due from depository institutions
$4,262Interest-bearing balances
$18,804Securities
$111Federal funds sold & reverse repurchase agreements
$156,009Net loans & leases
$2,011Loan loss allowance
$0Trading account assets
$6,371Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,979All other assets
$198,977Total liabilities and capital
$179,070Total liabilities
$175,468Total deposits
$145,088Interest-bearing deposits
$175,468Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$3,000Other borrowed funds
$0Subordinated debt
$602All other liabilities
$19,907Total equity capital
$19,907Total bank equity capital
$19,907Perpetual preferred stock
$0Common stock
$2,000Surplus
$3,729Undivided profits
Memoranda
$14,178Noncurrent loans and leases
$60,143Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$92Earning assets
$0Long-term assets (5+ years)
$938Average Assets, year-to-date
$179,186Average Assets, quarterly
$39,549Volatile liabilities
$194,535Insider loans
$198,026FHLB advances
$15,808Loans and leases held for sale
$475Unused loan commitments
$3,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,163Total risk weighted assets
$60,143Total unused commitments
$0Restructured Loans and leases
$2,001Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$10,282Total interest income
$1,637Total interest expense
$8,645Net interest income
$841Provision for loan and lease losses
$3,814Total noninterest income
$0Fiduciary activities
$696Service charges on deposit accounts
$0Trading account gains & fees
$3,118Additional noninterest income
$8,396Total noninterest expense
$4,616Salaries and employee benefits
$960Premises and equipment expense
$2,820Additional noninterest expense
$3,222Pre-tax net operating income
$12Securities gains (losses)
$892Applicable income taxes
$2,342Income before extraordinary items
$0Extraordinary gains - net
$2,342Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,072Sale, conversion, retirement of capital stock, net
$773Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.97%Yield on earning assets
0.95%Cost of funding earning assets
5.02%Net interest margin
2.21%Noninterest income to earning assets
4.87%Noninterest expense to earning assets
1.20%Net operating income to assets
1.20%Return on assets (ROA)
1.66%Pretax return on assets
10.83%Return on equity (ROE)
7.25%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
78.45%Credit loss provision to net charge-offs
3.79%Efficiency ratio
67,389Assets per employee
2.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.01%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
2185.87%Noncurrent assets plus other real estate owned to assets
0.05%Noncurrent loans to loans
0.06%Net loans and leases to deposits
88.91%Net loans and leases to core deposits
95.91%Equity capital to assets
10.00%Core capital (leverage) ratio
10.12%Tier 1 risk-based capital ratio
12.45%Total risk-based capital ratio
Memoranda
$14Average assets
$194,535Average earning assets
$21,633Average equity
$172,227Average loans
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