Northern Neck State Bank in city_name, state_name - Detailed Financial Reports, Location

Northern Neck State Bank in Warsaw, Virginia (VA)
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Northern Neck State Bank - Overview

General
FDIC Certificate #: 9991
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Union First Market Bank (#34589)
Federal Reserve ID: 550327
Date Established: May 09, 1909
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Interstate: No)
OTS Docket #: 10434
FDIC's unique #: 6385
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 12, 2010
Last Structure Change Process Date: November 22, 2010
Last Data Update: November 22, 2010
Data Source Date: April 05, 2012
Location
Address: 5839 Richmond Rd, Warsaw, VA 22572
County: Richmond
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 Summary
Total assets: $342.0 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, 2009)

Dollar figures in thousands
63Total employees (full-time equivalent)
$355,033Total assets
$6,049Cash and due from depository institutions
$395Interest-bearing balances
$89,754Securities
$16,894Federal funds sold & reverse repurchase agreements
$220,989Net loans & leases
$1,993Loan loss allowance
$0Trading account assets
$3,038Bank premises and fixed assets
$3,366Other real estate owned
$1,211Goodwill and other intangibles
$6,522Life insurance assets
$13,732All other assets
$355,033Total liabilities and capital
$323,963Total liabilities
$306,929Total deposits
$277,086Interest-bearing deposits
$306,929Deposits held in domestic offices
91.69%% insured (estimated)
$5,776Federal funds purchased & repurchase agreements
$0Trading liabilities
$10,000Other borrowed funds
$0Subordinated debt
$1,258All other liabilities
$31,070Total equity capital
$31,070Total bank equity capital
$31,070Perpetual preferred stock
$0Common stock
$849Surplus
$2,163Undivided profits
Memoranda
$28,058Noncurrent loans and leases
$49,328Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,200Earning assets
$0Long-term assets (5+ years)
$1,679Average Assets, year-to-date
$328,032Average Assets, quarterly
$169,504Volatile liabilities
$351,921Insider loans
$353,393FHLB advances
$69,401Loans and leases held for sale
$7,724Unused loan commitments
$10,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$49,328Total unused commitments
$0Restructured Loans and leases
$1,993Derivatives

Income and Expense (December 31, 2009)

Dollar figures in thousands
$18,118Total interest income
$7,011Total interest expense
$11,107Net interest income
$1,579Provision for loan and lease losses
$2,165Total noninterest income
$0Fiduciary activities
$1,382Service charges on deposit accounts
$0Trading account gains & fees
$783Additional noninterest income
$9,936Total noninterest expense
$2,845Salaries and employee benefits
$768Premises and equipment expense
$6,323Additional noninterest expense
$1,757Pre-tax net operating income
$11Securities gains (losses)
-$91Applicable income taxes
$1,859Income before extraordinary items
$0Extraordinary gains - net
$1,859Net income attributable to bank
$0Net charge-offs
$1,859Cash dividends
$1,586Sale, conversion, retirement of capital stock, net
$1,210Net operating income

Performance and Condition Ratios (December 31, 2009)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.52%Yield on earning assets
2.14%Cost of funding earning assets
3.39%Net interest margin
0.66%Noninterest income to earning assets
3.03%Noninterest expense to earning assets
0.53%Net operating income to assets
0.53%Return on assets (ROA)
0.50%Pretax return on assets
6.18%Return on equity (ROE)
2.16%Retained earnings to average equity (YTD only)
0.67%Net charge-offs to loans
99.56%Credit loss provision to net charge-offs
2.10%Efficiency ratio
71,700Assets per employee
5.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.09%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
166.08%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
0.54%Net loans and leases to deposits
72.00%Net loans and leases to core deposits
90.83%Equity capital to assets
8.75%Core capital (leverage) ratio
8.40%Tier 1 risk-based capital ratio
12.61%Total risk-based capital ratio
Memoranda
$13Average assets
$351,921Average earning assets
$30,081Average equity
$328,099Average loans

Northern Neck State Bank in Warsaw, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Northern Neck State Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Northern Neck State Bank in Warsaw, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

Northern Neck State Bank - Overview

Assets and Liabilities (December 31, 2009)

Income and Expense (December 31, 2009)

Performance and Condition Ratios (December 31, 2009)

Comment about this bank, ask questions, or add new information about it:

Northern Neck State Bank in Warsaw, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches