Powell Valley National Bank in Jonesville, Virginia (VA)



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Powell Valley National Bank routing number info

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Powell Valley National Bank
GeneralFDIC 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
LocationAddress: 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 ChangesChange in Location
Financial SummaryTotal 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)
Total employees (full-time equivalent)69
Total assets$240,696
Cash and due from depository institutions$27,197
Interest-bearing balances$19,371
Securities$57,566
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$142,953
Loan loss allowance $3,023
Trading account assets$0
Bank premises and fixed assets$5,710
Other real estate owned$923
Goodwill and other intangibles$865
All other assets$5,482
Life insurance assets$240,696
Total liabilities and capital$202,477
Total liabilities$200,260
Total deposits$156,536
Interest-bearing deposits$200,260
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,217
All other liabilities $38,219
Total equity capital$38,219
Total bank equity capital$38,219
Perpetual preferred stock$0
Common stock$800
Surplus$800
Undivided profits $36,619
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,429
Earning assets $0
Long-term assets (5+ years) $1,083
Average Assets, year-to-date $219,890
Average Assets, quarterly $125,002
Volatile liabilities $240,623
Insider loans $241,801
FHLB advances $149,100
Loans and leases held for sale $236,910
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $35,048
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $12,673
Derivatives$559
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,177
Total interest expense $2,039
Net interest income $10,138
Provision for loan and lease losses $1,480
Total noninterest income $708
Fiduciary activities $0
Service charges on deposit accounts $462
Trading account gains & fees $0
Additional noninterest income $246
Total noninterest expense $6,489
Salaries and employee benefits $3,377
Premises and equipment expense $699
Additional noninterest expense $2,413
Pre-tax net operating income $2,877
Securities gains (losses) $4
Applicable income taxes $591
Income before extraordinary items $2,290
Extraordinary gains - net $0
Net income attributable to bank $2,290
Net charge-offs $0
Cash dividends $2,290
Sale, conversion, retirement of capital stock, net $1,293
Net operating income $720
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.55%
Cost of funding earning assets 0.93%
Net interest margin 4.62%
Noninterest income to earning assets 0.32%
Noninterest expense to earning assets 2.96%
Net operating income to assets 0.95%
Return on assets (ROA) 0.95%
Pretax return on assets 1.20%
Return on equity (ROE) 6.16%
Retained earnings to average equity (YTD only) 4.22%
Net charge-offs to loans 0.85%
Credit loss provision to net charge-offs 114.46%
Efficiency ratio3.37%
Assets per employee$59,829
Cash dividends to net income (YTD only)3.49%
Condition Ratios (%)
Loss allowance to loans 31.44%
Loss allowance to noncurrent loans 2.07%
Noncurrent assets plus other real estate owned to assets 124.45%
Noncurrent loans to loans 1.44%
Net loans and leases to deposits1.66%
Net loans and leases to core deposits 71.38%
Equity capital to assets 77.53%
Core capital (leverage) ratio 15.88%
Tier 1 risk-based capital ratio 14.79%
Total risk-based capital ratio 23.51%
Memoranda
Average assets$25
Average earning assets$240,623
Average equity $37,161
Average loans $219,320
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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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