Miners Exchange Bank in Coeburn, Virginia (VA), TN
Overview, Financial Summary, Detailed Financial Reports, Branches

Miners Exchange Bank - Overview

  • General
  • FDIC Certificate #: 23989
    Status: Active
    Federal Reserve ID: 711520
    Date Established: July 08, 1982
    WWW: http://www.mymeb.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 7 (Domestic: 7, Interstate: Yes)
    FDIC's unique #: 16730
    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: July 08, 1982
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 483 Front Street, Coeburn, VA 24230
    County: Wise
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $160.1 mil
    Equity capital: $9.6 mil
    Deposits held in domestic offices: $149.6 mil
    Return on assets (ROA): 0.56% ($0.9 mil)
    Quarterly return on assets: 0.46% ($0.7 mil)
    Return on Equity (ROE): 8.63% ($0.9 mil)
    Quarterly return on equity: 7.16% ($0.7 mil)
    Net income: $0.8 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.85% ($1,360.9 mil)
    Quarterly Pretax return on assets: 0.63% ($1,008.6 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
  • 64Total employees (full-time equivalent)
  • $160,102Total assets
  • $8,555Cash and due from depository institutions
  • $250Interest-bearing balances
  • $32,448Securities
  • $47,476Federal funds sold & reverse repurchase agreements
  • $65,204Net loans & leases
  • $996Loan loss allowance
  • $0Trading account assets
  • $4,143Bank premises and fixed assets
  • $444Other real estate owned
  • $0Goodwill and other intangibles
  • $160,102Life insurance assets
  • $1,832All other assets
  • $150,513Total liabilities and capital
  • $149,596Total liabilities
  • $100,135Total deposits
  • $149,596Interest-bearing deposits
  • $57Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $917Subordinated debt
  • $9,589All other liabilities
  • $9,589Total equity capital
  • $9,589Total bank equity capital
  • $0Perpetual preferred stock
  • $1,150Common stock
  • $1,150Surplus
  • $7,289Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $685Income earned, not collected on loans
  • $0Earning assets
  • $445Long-term assets (5+ years)
  • $145,378Average Assets, year-to-date
  • $64,616Average Assets, quarterly
  • $138,797Volatile liabilities
  • $149,323Insider loans
  • $72,240FHLB advances
  • $145,932Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,437Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,522Restructured Loans and leases
  • $1,364Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,017Total interest income
  • $927Total interest expense
  • $5,090Net interest income
  • $169Provision for loan and lease losses
  • $746Total noninterest income
  • $0Fiduciary activities
  • $477Service charges on deposit accounts
  • $0Trading account gains & fees
  • $269Additional noninterest income
  • $4,497Total noninterest expense
  • $2,293Salaries and employee benefits
  • $865Premises and equipment expense
  • $1,339Additional noninterest expense
  • $1,170Pre-tax net operating income
  • $8Securities gains (losses)
  • $394Applicable income taxes
  • $784Income before extraordinary items
  • $0Extraordinary gains - net
  • $784Net income attributable to bank
  • $0Net charge-offs
  • $784Cash dividends
  • $165Sale, conversion, retirement of capital stock, net
  • $299Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 0.74%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.60%Noninterest income to earning assets
  • 3.60%Noninterest expense to earning assets
  • 0.56%Net operating income to assets
  • 0.56%Return on assets (ROA)
  • 0.85%Pretax return on assets
  • 8.63%Return on equity (ROE)
  • 5.34%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 102.42%Credit loss provision to net charge-offs
  • 8.12%Efficiency ratio
  • 77,056Assets per employee
  • 2.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.14%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 145.40%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 1.03%Net loans and leases to deposits
  • 43.59%Net loans and leases to core deposits
  • 57.02%Equity capital to assets
  • 5.99%Core capital (leverage) ratio
  • 6.47%Tier 1 risk-based capital ratio
  • 13.06%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $138,797Average earning assets
  • $9,084Average equity
  • $125,025Average loans

List of branches

  • 2 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    5452382Gray Branch5575 Bobby Hicks Hwy, Johnson City, TN 37615November 30, 2005Full Service Brick and Mortar
    6478826Miners Exchange Bank Branch1221 Lynn Garden Drive, Kingsport, TN 37660November 28, 2007Full Service Brick and Mortar
  • 5 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016730Miners Exchange Bank483 Front Street, Coeburn, VA 24230July 08, 1982Full Service Brick and Mortar
    1256862Norton Branch1470 Park Ave., Nw Norton Square Shopping Center, Route 58, Norton, VA 24273November 27, 1987Full Service Brick and Mortar
    2256863St. Paul Branch16421 Wise St., Riverside Shopping Center, Saint Paul, VA 24283January 24, 1993Full Service Brick and Mortar
    3256864Laurel Avenue Branch201 Laurel Avenue, Coeburn, VA 24230March 18, 1996Limited Service Facility
    4256865Appalachia Branch102 Main Street, Appalachia, VA 24216December 13, 1995Full Service Brick and Mortar

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