Lee Bank and Trust Company in Pennington Gap, Virginia (VA)



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Lee Bank and Trust Company routing number info

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Lee Bank and Trust Company
GeneralFDIC Certificate #: 11582
Status: Active
Federal Reserve ID: 661223
Date Established: August 22, 1932
WWW: http://www.lbtc.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
OTS Docket #: 13526
FDIC's unique #: 7400
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: March 31, 2006
Last Structure Change Process Date: October 04, 2010
Last Data Update: October 04, 2010
Data Source Date: April 05, 2012
LocationAddress: 41371 West Morgan Avenue, Pennington Gap, VA 24277
County: Lee
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
History of ChangesCorrections
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $177.6 mil
Equity capital: $19.6 mil
Deposits held in domestic offices: $156.3 mil
Return on assets (ROA): 0.46% ($0.8 mil)
Quarterly return on assets: 0.50% ($0.9 mil)
Return on Equity (ROE): 4.09% ($0.8 mil)
Quarterly return on equity: 4.46% ($0.9 mil)
Net income: $0.8 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.64% ($1,136.8 mil)
Quarterly Pretax return on assets: 0.70% ($1,243.4 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)
Total employees (full-time equivalent)56
Total assets$177,631
Cash and due from depository institutions$11,194
Interest-bearing balances$6,235
Securities$23,625
Federal funds sold & reverse repurchase agreements$9,570
Net loans & leases$122,846
Loan loss allowance $2,467
Trading account assets$0
Bank premises and fixed assets$3,090
Other real estate owned$3,300
Goodwill and other intangibles$0
All other assets$4,006
Life insurance assets$177,631
Total liabilities and capital$158,049
Total liabilities$156,254
Total deposits$137,365
Interest-bearing deposits$156,254
Deposits held in domestic offices$86
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,795
All other liabilities $19,582
Total equity capital$19,582
Total bank equity capital$19,582
Perpetual preferred stock$0
Common stock$200
Surplus$500
Undivided profits $18,882
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 $7,999
Earning assets $0
Long-term assets (5+ years) $999
Average Assets, year-to-date $162,276
Average Assets, quarterly $53,832
Volatile liabilities $175,347
Insider loans $176,274
FHLB advances $122,352
Loans and leases held for sale $174,877
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $20,362
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $8,940
Derivatives$6,800
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $8,611
Total interest expense $2,113
Net interest income $6,498
Provision for loan and lease losses $780
Total noninterest income -$121
Fiduciary activities $0
Service charges on deposit accounts $449
Trading account gains & fees $0
Additional noninterest income -$570
Total noninterest expense $4,471
Salaries and employee benefits $2,647
Premises and equipment expense $563
Additional noninterest expense $1,261
Pre-tax net operating income $1,126
Securities gains (losses) $0
Applicable income taxes $312
Income before extraordinary items $814
Extraordinary gains - net $0
Net income attributable to bank $814
Net charge-offs $0
Cash dividends $814
Sale, conversion, retirement of capital stock, net $493
Net operating income $350
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.45%
Cost of funding earning assets 1.34%
Net interest margin 4.12%
Noninterest income to earning assets -0.08%
Noninterest expense to earning assets 2.83%
Net operating income to assets 0.46%
Return on assets (ROA) 0.46%
Pretax return on assets 0.64%
Return on equity (ROE) 4.09%
Retained earnings to average equity (YTD only) 2.33%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 158.22%
Efficiency ratio3.87%
Assets per employee$70,111
Cash dividends to net income (YTD only)3.17%
Condition Ratios (%)
Loss allowance to loans 43.00%
Loss allowance to noncurrent loans 1.97%
Noncurrent assets plus other real estate owned to assets 30.84%
Noncurrent loans to loans 6.36%
Net loans and leases to deposits6.38%
Net loans and leases to core deposits 78.62%
Equity capital to assets 85.65%
Core capital (leverage) ratio 11.02%
Tier 1 risk-based capital ratio 11.64%
Total risk-based capital ratio 16.64%
Memoranda
Average assets$18
Average earning assets$175,347
Average equity $19,889
Average loans $157,858
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4 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
07400Lee Bank And Trust Company41371 West Morgan Avenue, Pennington Gap, VA 24277August 22, 1932Full Service Brick and Mortar
4225080Jonesville Branch32739 Main Street, Jonesville, VA 24263September 25, 1982Full Service Brick and Mortar
5334435Bristol Branch707 Gate City Highway, Bristol, VA 24201April 17, 2000Full Service Brick and Mortar
6445010Abingdon Branch17510 Lee Highway, Abingdon, VA 24210September 28, 2005Full Service Brick and Mortar
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