Powell Valley National Bank in Jonesville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Powell Valley National Bank - Overview

  • General
  • FDIC Certificate #: 6863
    Status: Active
    Federal Reserve ID: 31826
    Bank Holding Company (Regulatory Top Holder): Powell Valley Bankshares, Inc. (RSSDID: 1249271, Location: Jonesville, VA)
    Date Established: January 01, 1888
    WWW: http://www.powellvalleybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 14630
    FDIC's unique #: 4613
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 02, 2010
    Last Structure Change Process Date: June 02, 2010
    Last Data Update: June 02, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 33785 Main Street, Jonesville, VA 24263
    County: Lee
    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
  • Change in Location
  • Financial Summary
  • Total assets: $240.7 mil
    Equity capital: $38.2 mil
    Deposits held in domestic offices: $200.3 mil
    Return on assets (ROA): 0.95% ($2.3 mil)
    Quarterly return on assets: 1.04% ($2.5 mil)
    Return on Equity (ROE): 6.16% ($2.3 mil)
    Quarterly return on equity: 6.57% ($2.5 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.20% ($2,888.4 mil)
    Quarterly Pretax return on assets: 0.69% ($1,660.8 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
  • 69Total employees (full-time equivalent)
  • $240,696Total assets
  • $27,197Cash and due from depository institutions
  • $19,371Interest-bearing balances
  • $57,566Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $142,953Net loans & leases
  • $3,023Loan loss allowance
  • $0Trading account assets
  • $5,710Bank premises and fixed assets
  • $923Other real estate owned
  • $865Goodwill and other intangibles
  • $240,696Life insurance assets
  • $5,482All other assets
  • $202,477Total liabilities and capital
  • $200,260Total liabilities
  • $156,536Total deposits
  • $200,260Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,217Subordinated debt
  • $38,219All other liabilities
  • $38,219Total equity capital
  • $38,219Total bank equity capital
  • $0Perpetual preferred stock
  • $800Common stock
  • $800Surplus
  • $36,619Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,429Income earned, not collected on loans
  • $0Earning assets
  • $1,083Long-term assets (5+ years)
  • $219,890Average Assets, year-to-date
  • $125,002Average Assets, quarterly
  • $240,623Volatile liabilities
  • $241,801Insider loans
  • $149,100FHLB advances
  • $236,910Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $35,048Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $12,673Restructured Loans and leases
  • $559Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,177Total interest income
  • $2,039Total interest expense
  • $10,138Net interest income
  • $1,480Provision for loan and lease losses
  • $708Total noninterest income
  • $0Fiduciary activities
  • $462Service charges on deposit accounts
  • $0Trading account gains & fees
  • $246Additional noninterest income
  • $6,489Total noninterest expense
  • $3,377Salaries and employee benefits
  • $699Premises and equipment expense
  • $2,413Additional noninterest expense
  • $2,877Pre-tax net operating income
  • $4Securities gains (losses)
  • $591Applicable income taxes
  • $2,290Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,290Net income attributable to bank
  • $0Net charge-offs
  • $2,290Cash dividends
  • $1,293Sale, conversion, retirement of capital stock, net
  • $720Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.55%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.32%Noninterest income to earning assets
  • 2.96%Noninterest expense to earning assets
  • 0.95%Net operating income to assets
  • 0.95%Return on assets (ROA)
  • 1.20%Pretax return on assets
  • 6.16%Return on equity (ROE)
  • 4.22%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 114.46%Credit loss provision to net charge-offs
  • 3.37%Efficiency ratio
  • 59,829Assets per employee
  • 3.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.44%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 124.45%Noncurrent assets plus other real estate owned to assets
  • 1.44%Noncurrent loans to loans
  • 1.66%Net loans and leases to deposits
  • 71.38%Net loans and leases to core deposits
  • 77.53%Equity capital to assets
  • 15.88%Core capital (leverage) ratio
  • 14.79%Tier 1 risk-based capital ratio
  • 23.51%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $240,623Average earning assets
  • $37,161Average equity
  • $219,320Average loans

List of branches

  • 5 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04613Powell Valley National Bank33785 Main Street, Jonesville, VA 24263January 01, 1888Full Service Brick and Mortar
    1212426Pennington Gap Branch42180 East Morgan Avenue, Pennington Gap, VA 24277November 21, 1977Full Service Brick and Mortar
    2212427Wise Branch540 West Main Street, Wise, VA 24293March 14, 1994Full Service Brick and Mortar
    3212428Big Stone Gap Branch211 East Fifth Street, Big Stone Gap, VA 24219April 04, 1998Full Service Brick and Mortar
    4492958Duffield Branch301 Duff Patt Hwy, Duffield, VA 24244August 11, 2008Full Service Brick and Mortar

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