Piedmont Trust Bank in Martinsville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 16, 1999

  • Piedmont Trust Bank in Martinsville, Virginia (VA)
  • Show street view No street view available for this location

Piedmont Trust Bank - Overview

  • General
  • FDIC Certificate #: 8456
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Branch Banking and Trust Company of Virginia (#22584)
    Federal Reserve ID: 785624
    Date Established: April 01, 1922
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Interstate: No)
    OTS Docket #: 13200
    FDIC's unique #: 5381
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 16, 1999
    Last Structure Change Process Date: August 11, 1999
    Last Data Update: August 11, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 Church Street, Martinsville, VA 24112
    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
  • Financial Summary
  • Total assets: $807.8 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 122Total employees (full-time equivalent)
  • $564,748Total assets
  • $16,213Cash and due from depository institutions
  • $272Interest-bearing balances
  • $161,107Securities
  • $28,738Federal funds sold & reverse repurchase agreements
  • $335,633Net loans & leases
  • $5,360Loan loss allowance
  • $0Trading account assets
  • $2,857Bank premises and fixed assets
  • $44Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $20,156All other assets
  • $564,748Total liabilities and capital
  • $519,035Total liabilities
  • $336,323Total deposits
  • $275,971Interest-bearing deposits
  • $336,323Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $89,286Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $87,250Other borrowed funds
  • $0Subordinated debt
  • $6,176All other liabilities
  • $45,713Total equity capital
  • $45,713Total bank equity capital
  • $45,713Perpetual preferred stock
  • $0Common stock
  • $3,690Surplus
  • $2,205Undivided profits
  • Memoranda
  • $39,818Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,364Earning assets
  • $3Long-term assets (5+ years)
  • $2,310Average Assets, year-to-date
  • $525,750Average Assets, quarterly
  • $154,095Volatile liabilities
  • $572,931Insider loans
  • $567,588FHLB advances
  • $130,959Loans and leases held for sale
  • $10,103Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,971Total risk weighted assets
  • $76,886Total unused commitments
  • $0Restructured Loans and leases
  • $391,079Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $44,426Total interest income
  • $22,838Total interest expense
  • $21,588Net interest income
  • $3,875Provision for loan and lease losses
  • $4,863Total noninterest income
  • $0Fiduciary activities
  • $892Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,971Additional noninterest income
  • $12,835Total noninterest expense
  • $4,198Salaries and employee benefits
  • $610Premises and equipment expense
  • $8,027Additional noninterest expense
  • $9,741Pre-tax net operating income
  • $92Securities gains (losses)
  • $3,085Applicable income taxes
  • $6,748Income before extraordinary items
  • $0Extraordinary gains - net
  • $6,748Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $3,405Sale, conversion, retirement of capital stock, net
  • $2,725Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.31%Yield on earning assets
  • 4.27%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 2.40%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.72%Pretax return on assets
  • 14.93%Return on equity (ROE)
  • 8.90%Retained earnings to average equity (YTD only)
  • 0.99%Net charge-offs to loans
  • 113.80%Credit loss provision to net charge-offs
  • 4.00%Efficiency ratio
  • 48,524Assets per employee
  • 4.63%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.38%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 159.33%Noncurrent assets plus other real estate owned to assets
  • 0.60%Noncurrent loans to loans
  • 0.99%Net loans and leases to deposits
  • 99.79%Net loans and leases to core deposits
  • 113.29%Equity capital to assets
  • 8.09%Core capital (leverage) ratio
  • 8.30%Tier 1 risk-based capital ratio
  • 11.86%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $572,931Average earning assets
  • $45,211Average equity
  • $534,753Average loans

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