Planters Bank & Trust Company of Virginia in Staunton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 24, 2008

  • Planters Bank & Trust Company of Virginia in Staunton, Virginia (VA)
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Planters Bank & Trust Company of Virginia - Overview

  • General
  • FDIC Certificate #: 20786
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: StellarOne Bank (#6834)
    Federal Reserve ID: 985620
    Date Established: September 01, 1972
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 26 (Interstate: No)
    FDIC's unique #: 14357
    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: September 01, 1972
    Last Structure Change Effective Date: May 24, 2008
    Last Structure Change Process Date: June 06, 2008
    Last Data Update: June 06, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 24 South Augusta Street, Staunton, VA 24401
    County: Staunton 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): Staunton-Waynesboro, VA (#44420)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $827.2 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, 2007)

  • Dollar figures in thousands
  • 170Total employees (full-time equivalent)
  • $840,441Total assets
  • $26,655Cash and due from depository institutions
  • $241Interest-bearing balances
  • $64,814Securities
  • $16,000Federal funds sold & reverse repurchase agreements
  • $677,520Net loans & leases
  • $8,523Loan loss allowance
  • $0Trading account assets
  • $16,854Bank premises and fixed assets
  • $131Other real estate owned
  • $17,121Goodwill and other intangibles
  • $3,753Life insurance assets
  • $21,346All other assets
  • $840,441Total liabilities and capital
  • $736,807Total liabilities
  • $626,813Total deposits
  • $585,095Interest-bearing deposits
  • $626,813Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $106,000Other borrowed funds
  • $0Subordinated debt
  • $3,994All other liabilities
  • $103,634Total equity capital
  • $103,634Total bank equity capital
  • $103,634Perpetual preferred stock
  • $0Common stock
  • $20,000Surplus
  • $32,554Undivided profits
  • Memoranda
  • $51,080Noncurrent loans and leases
  • $185,994Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,220Earning assets
  • $0Long-term assets (5+ years)
  • $3,965Average Assets, year-to-date
  • $758,575Average Assets, quarterly
  • $121,278Volatile liabilities
  • $846,154Insider loans
  • $828,546FHLB advances
  • $116,524Loans and leases held for sale
  • $7,561Unused loan commitments
  • $106,000Tier 1 (core) risk-based capital
  • $5,865Tier 2 risk-based capital
  • $3,010Total risk weighted assets
  • $185,994Total unused commitments
  • $0Restructured Loans and leases
  • $8,523Derivatives

Income and Expense (December 31, 2007)

  • Dollar figures in thousands
  • $53,089Total interest income
  • $19,554Total interest expense
  • $33,535Net interest income
  • -$183Provision for loan and lease losses
  • $6,842Total noninterest income
  • $0Fiduciary activities
  • $3,823Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,019Additional noninterest income
  • $24,123Total noninterest expense
  • $7,931Salaries and employee benefits
  • $2,114Premises and equipment expense
  • $14,078Additional noninterest expense
  • $16,437Pre-tax net operating income
  • -$13Securities gains (losses)
  • $5,227Applicable income taxes
  • $11,197Income before extraordinary items
  • $0Extraordinary gains - net
  • $11,197Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $112Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2007)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.93%Yield on earning assets
  • 2.55%Cost of funding earning assets
  • 4.37%Net interest margin
  • 0.89%Noninterest income to earning assets
  • 3.15%Noninterest expense to earning assets
  • 1.32%Net operating income to assets
  • 1.32%Return on assets (ROA)
  • 1.94%Pretax return on assets
  • 11.28%Return on equity (ROE)
  • 11.28%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • -163.39%Credit loss provision to net charge-offs
  • 145.13%Efficiency ratio
  • 58,144Assets per employee
  • 4.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.24%Loss allowance to noncurrent loans
  • 383.92%Noncurrent assets plus other real estate owned to assets
  • 0.28%Noncurrent loans to loans
  • 0.32%Net loans and leases to deposits
  • 108.09%Net loans and leases to core deposits
  • 124.02%Equity capital to assets
  • 12.33%Core capital (leverage) ratio
  • 10.78%Tier 1 risk-based capital ratio
  • 11.37%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $846,154Average earning assets
  • $99,280Average equity
  • $766,533Average loans

Total Fiduciary and Related Assets (December 31, 2002)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $174,269Managed Assets
  • 1Number of Accounts
  • $152,542Personal trust and agency accounts
  • $68,633Employee benefit-defined contribution accounts
  • $27,946Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $10,206Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $45,757Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 427Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $21,727Other retirement accounts
  • $7,069Corporate trust and agency accounts
  • $9,331Other fiduciary accounts
  • $5,327Fiduciary accounts held in foreign offices

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