Lee Bank and Trust Company in Pennington Gap, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Lee Bank and Trust Company - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 56Total employees (full-time equivalent)
  • $177,631Total assets
  • $11,194Cash and due from depository institutions
  • $6,235Interest-bearing balances
  • $23,625Securities
  • $9,570Federal funds sold & reverse repurchase agreements
  • $122,846Net loans & leases
  • $2,467Loan loss allowance
  • $0Trading account assets
  • $3,090Bank premises and fixed assets
  • $3,300Other real estate owned
  • $0Goodwill and other intangibles
  • $177,631Life insurance assets
  • $4,006All other assets
  • $158,049Total liabilities and capital
  • $156,254Total liabilities
  • $137,365Total deposits
  • $156,254Interest-bearing deposits
  • $86Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,795Subordinated debt
  • $19,582All other liabilities
  • $19,582Total equity capital
  • $19,582Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $500Surplus
  • $18,882Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,999Income earned, not collected on loans
  • $0Earning assets
  • $999Long-term assets (5+ years)
  • $162,276Average Assets, year-to-date
  • $53,832Average Assets, quarterly
  • $175,347Volatile liabilities
  • $176,274Insider loans
  • $122,352FHLB advances
  • $174,877Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $20,362Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $8,940Restructured Loans and leases
  • $6,800Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,611Total interest income
  • $2,113Total interest expense
  • $6,498Net interest income
  • $780Provision for loan and lease losses
  • -$121Total noninterest income
  • $0Fiduciary activities
  • $449Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$570Additional noninterest income
  • $4,471Total noninterest expense
  • $2,647Salaries and employee benefits
  • $563Premises and equipment expense
  • $1,261Additional noninterest expense
  • $1,126Pre-tax net operating income
  • $0Securities gains (losses)
  • $312Applicable income taxes
  • $814Income before extraordinary items
  • $0Extraordinary gains - net
  • $814Net income attributable to bank
  • $0Net charge-offs
  • $814Cash dividends
  • $493Sale, conversion, retirement of capital stock, net
  • $350Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.45%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 4.12%Net interest margin
  • -0.08%Noninterest income to earning assets
  • 2.83%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 4.09%Return on equity (ROE)
  • 2.33%Retained earnings to average equity (YTD only)
  • 0.39%Net charge-offs to loans
  • 158.22%Credit loss provision to net charge-offs
  • 3.87%Efficiency ratio
  • 70,111Assets per employee
  • 3.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.00%Loss allowance to loans
  • 1.97%Loss allowance to noncurrent loans
  • 30.84%Noncurrent assets plus other real estate owned to assets
  • 6.36%Noncurrent loans to loans
  • 6.38%Net loans and leases to deposits
  • 78.62%Net loans and leases to core deposits
  • 85.65%Equity capital to assets
  • 11.02%Core capital (leverage) ratio
  • 11.64%Tier 1 risk-based capital ratio
  • 16.64%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $175,347Average earning assets
  • $19,889Average equity
  • $157,858Average loans

List of branches

  • 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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