Highlands Community Bank in Covington, Virginia (VA)



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Highlands Community Bank routing number info

Table of contents:
Highlands Community Bank
GeneralFDIC Certificate #: 57420
Status: Active
Federal Reserve ID: 3125315
Date Established: September 16, 2002
WWW: http://www.highlandscommunitybank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 2 (Domestic: 2, Interstate: No)
FDIC's unique #: 363478
Numeric code: 13
Regulator: FED
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: September 16, 2002
Last Structure Change Effective Date: April 27, 2006
Last Structure Change Process Date: April 27, 2006
Last Data Update: April 27, 2006
Data Source Date: April 05, 2012
LocationAddress: 309 Thacker Avenue, Covington, VA 24426
County: Alleghany
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
Financial SummaryTotal assets: $114.3 mil
Equity capital: $12.3 mil
Deposits held in domestic offices: $101.2 mil
Return on assets (ROA): 0.85% ($1.0 mil)
Quarterly return on assets: 1.67% ($1.9 mil)
Return on Equity (ROE): 8.46% ($1.0 mil)
Quarterly return on equity: 15.76% ($1.9 mil)
Net income: $0.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.86% ($983.2 mil)
Quarterly Pretax return on assets: 1.77% ($2,023.6 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)
Total employees (full-time equivalent)19
Total assets$114,330
Cash and due from depository institutions$6,968
Interest-bearing balances$2,156
Securities$44,230
Federal funds sold & reverse repurchase agreements$3,350
Net loans & leases$56,688
Loan loss allowance $1,178
Trading account assets$0
Bank premises and fixed assets$1,352
Other real estate owned$586
Goodwill and other intangibles$0
All other assets$1,156
Life insurance assets$114,330
Total liabilities and capital$102,040
Total liabilities$101,153
Total deposits$92,909
Interest-bearing deposits$101,153
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $887
All other liabilities $12,290
Total equity capital$12,290
Total bank equity capital$12,290
Perpetual preferred stock$0
Common stock$3,701
Surplus$3,758
Undivided profits $4,831
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $868
Earning assets $0
Long-term assets (5+ years) $619
Average Assets, year-to-date $106,424
Average Assets, quarterly $43,775
Volatile liabilities $109,699
Insider loans $113,498
FHLB advances $66,838
Loans and leases held for sale $112,618
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $10,590
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,219
Derivatives$1,414
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,523
Total interest expense $2,041
Net interest income $3,482
Provision for loan and lease losses $834
Total noninterest income $417
Fiduciary activities $0
Service charges on deposit accounts $248
Trading account gains & fees $0
Additional noninterest income $169
Total noninterest expense $2,415
Salaries and employee benefits $1,107
Premises and equipment expense $175
Additional noninterest expense $1,133
Pre-tax net operating income $650
Securities gains (losses) $288
Applicable income taxes $2
Income before extraordinary items $936
Extraordinary gains - net $0
Net income attributable to bank $936
Net charge-offs $0
Cash dividends $936
Sale, conversion, retirement of capital stock, net $258
Net operating income $118
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.38%
Cost of funding earning assets 1.99%
Net interest margin 3.39%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 2.35%
Net operating income to assets 0.59%
Return on assets (ROA) 0.85%
Pretax return on assets 0.86%
Return on equity (ROE) 8.46%
Retained earnings to average equity (YTD only) 7.40%
Net charge-offs to loans 0.45%
Credit loss provision to net charge-offs 323.26%
Efficiency ratio5.75%
Assets per employee$61,939
Cash dividends to net income (YTD only)6.02%
Condition Ratios (%)
Loss allowance to loans 12.61%
Loss allowance to noncurrent loans 2.04%
Noncurrent assets plus other real estate owned to assets 135.71%
Noncurrent loans to loans 1.27%
Net loans and leases to deposits1.50%
Net loans and leases to core deposits 56.04%
Equity capital to assets 60.25%
Core capital (leverage) ratio 10.75%
Tier 1 risk-based capital ratio 9.40%
Total risk-based capital ratio 15.84%
Memoranda
Average assets$17
Average earning assets$109,699
Average equity $11,059
Average loans $102,733
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2 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
0363478Highlands Community Bank309 Thacker Avenue, Covington, VA 24426September 16, 2002Full Service Brick and Mortar
1442006Highlands Community Bank Branch1501 Main St, Clifton Forge, VA 24422October 06, 2004Full Service Brick and Mortar
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