Martinsville First Savings Bank in Martinsville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Martinsville First Savings Bank in Martinsville, Virginia (VA)
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Martinsville First Savings Bank - Overview

  • General
  • FDIC Certificate #: 29685
    Status: Active
    Federal Reserve ID: 104971
    Date Established: January 01, 1924
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 3881
    FDIC's unique #: 42519
    Numeric code: 38
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: January 03, 1950
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 25 W Church Street, Martinsville, VA 24114
    County: Martinsville 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
    Core Based Statistical Area (CBSA): Martinsville, VA (#32300)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $46.5 mil
    Equity capital: $5.4 mil
    Deposits held in domestic offices: $41.0 mil
    Return on assets (ROA): 0.47% ($0.2 mil)
    Quarterly return on assets: 0.07% ($0.0 mil)
    Return on Equity (ROE): 4.26% ($0.2 mil)
    Quarterly return on equity: 0.59% ($0.0 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.70% ($325.2 mil)
    Quarterly Pretax return on assets: 0.12% ($55.7 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
  • 7Total employees (full-time equivalent)
  • $46,452Total assets
  • $6,727Cash and due from depository institutions
  • $5,630Interest-bearing balances
  • $9,355Securities
  • $2,356Federal funds sold & reverse repurchase agreements
  • $26,251Net loans & leases
  • $311Loan loss allowance
  • $0Trading account assets
  • $603Bank premises and fixed assets
  • $792Other real estate owned
  • $0Goodwill and other intangibles
  • $46,452Life insurance assets
  • $368All other assets
  • $41,061Total liabilities and capital
  • $41,039Total liabilities
  • $40,790Total deposits
  • $41,039Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $22Subordinated debt
  • $5,391All other liabilities
  • $5,391Total equity capital
  • $5,391Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $5,391Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,365Income earned, not collected on loans
  • $0Earning assets
  • $16Long-term assets (5+ years)
  • $43,592Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $47,075Volatile liabilities
  • $46,995Insider loans
  • $19,913FHLB advances
  • $46,381Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,344Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $0Restructured Loans and leases
  • $323Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,029Total interest income
  • $760Total interest expense
  • $1,269Net interest income
  • $0Provision for loan and lease losses
  • -$2Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$2Additional noninterest income
  • $939Total noninterest expense
  • $556Salaries and employee benefits
  • $152Premises and equipment expense
  • $231Additional noninterest expense
  • $328Pre-tax net operating income
  • $0Securities gains (losses)
  • $105Applicable income taxes
  • $223Income before extraordinary items
  • $0Extraordinary gains - net
  • $223Net income attributable to bank
  • $0Net charge-offs
  • $223Cash dividends
  • -$85Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.70%Cost of funding earning assets
  • 2.84%Net interest margin
  • -0.00%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 0.47%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.70%Pretax return on assets
  • 4.26%Return on equity (ROE)
  • 4.26%Retained earnings to average equity (YTD only)
  • -0.31%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 74,112Assets per employee
  • 6.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 13.15%Noncurrent assets plus other real estate owned to assets
  • 6.23%Noncurrent loans to loans
  • 8.90%Net loans and leases to deposits
  • 63.97%Net loans and leases to core deposits
  • 66.16%Equity capital to assets
  • 11.61%Core capital (leverage) ratio
  • 11.52%Tier 1 risk-based capital ratio
  • 26.84%Total risk-based capital ratio
  • Memoranda
  • $27Average assets
  • $47,075Average earning assets
  • $5,231Average equity
  • $44,659Average loans

List of branches

  • 1 Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042519Martinsville First Savings Bank25 W Church Street, Martinsville, VA 24114January 01, 1924Full Service Brick and Mortar

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