Hanover Bank in Mechanicsville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 22, 2006

Hanover Bank in Mechanicsville, Virginia (VA)
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Hanover Bank - Overview

General
FDIC Certificate #: 35515
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: EVB (#11584)
Federal Reserve ID: 2897763
Date Established: May 22, 2000
WWW: http://www.bankwithhb.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 81168
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: May 22, 2000
Last Structure Change Effective Date: April 22, 2006
Last Structure Change Process Date: April 28, 2006
Last Data Update: April 28, 2006
Data Source Date: April 05, 2012
Location
Address: 8071 Mechanicsville Turnpike, Mechanicsville, VA 23111
County: Hanover
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): Richmond-Petersburg, VA (#6760)
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $138.5 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
30Total employees (full-time equivalent)
$126,449Total assets
$2,743Cash and due from depository institutions
$0Interest-bearing balances
$11,959Securities
$0Federal funds sold & reverse repurchase agreements
$106,045Net loans & leases
$1,166Loan loss allowance
$0Trading account assets
$1,807Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$3,895All other assets
$126,449Total liabilities and capital
$116,102Total liabilities
$100,129Total deposits
$84,522Interest-bearing deposits
$100,129Deposits held in domestic offices
0.00%% insured (estimated)
$2,376Federal funds purchased & repurchase agreements
$0Trading liabilities
$13,213Other borrowed funds
$0Subordinated debt
$384All other liabilities
$10,347Total equity capital
$10,347Total bank equity capital
$10,347Perpetual preferred stock
$0Common stock
$2,400Surplus
$7,600Undivided profits
Memoranda
$347Noncurrent loans and leases
$19,400Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$6Earning assets
$0Long-term assets (5+ years)
$474Average Assets, year-to-date
$118,004Average Assets, quarterly
$30,181Volatile liabilities
$117,763Insider loans
$125,968FHLB advances
$19,028Loans and leases held for sale
$5,578Unused loan commitments
$13,213Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,400Total unused commitments
$0Restructured Loans and leases
$1,166Derivatives

Income and Expense (December 31, 2005)

Dollar figures in thousands
$7,189Total interest income
$2,695Total interest expense
$4,494Net interest income
$92Provision for loan and lease losses
$374Total noninterest income
$0Fiduciary activities
$260Service charges on deposit accounts
$0Trading account gains & fees
$114Additional noninterest income
$3,849Total noninterest expense
$1,704Salaries and employee benefits
$501Premises and equipment expense
$1,644Additional noninterest expense
$927Pre-tax net operating income
$24Securities gains (losses)
$296Applicable income taxes
$655Income before extraordinary items
$0Extraordinary gains - net
$655Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$45Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2005)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.54%Yield on earning assets
2.45%Cost of funding earning assets
4.09%Net interest margin
0.34%Noninterest income to earning assets
3.50%Noninterest expense to earning assets
0.54%Net operating income to assets
0.56%Return on assets (ROA)
0.81%Pretax return on assets
6.84%Return on equity (ROE)
6.84%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
204.44%Credit loss provision to net charge-offs
22.64%Efficiency ratio
79,067Assets per employee
4.21%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
19433.33%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
105.91%Net loans and leases to core deposits
127.03%Equity capital to assets
8.18%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
9.76%Total risk-based capital ratio
Memoranda
$11Average assets
$117,763Average earning assets
$9,574Average equity
$109,912Average loans

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