River Community Bank, National Association in Martinsville, Virginia (VA)



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River Community Bank, National Association routing number info

Table of contents:
River Community Bank, National Association
GeneralFDIC Certificate #: 35274
Status: Active
Federal Reserve ID: 2856685
Bank Holding Company (Regulatory Top Holder): River Bancorp, Inc. (RSSDID: 3376425, Location: Martinsville, VA)
Date Established: July 24, 2000
WWW: http://www.rcbna.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: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 77239
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: Commercial Lending Specialization
Date of Deposit Insurance: July 24, 2000
Last Structure Change Effective Date: April 18, 2011
Last Structure Change Process Date: March 12, 2012
Last Data Update: March 12, 2012
Data Source Date: April 05, 2012
LocationAddress: 1 East Market Street, Martinsville, VA 24112
County: Henry
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
History of ChangesChange in Location
Financial SummaryTotal assets: $95.6 mil
Equity capital: $9.1 mil
Deposits held in domestic offices: $84.8 mil
Return on assets (ROA): 0.27% ($0.3 mil)
Quarterly return on assets: 0.34% ($0.3 mil)
Return on Equity (ROE): 2.74% ($0.2 mil)
Quarterly return on equity: 3.38% ($0.3 mil)
Net income: $0.3 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.39% ($372.9 mil)
Quarterly Pretax return on assets: 0.49% ($468.5 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)41
Total assets$95,619
Cash and due from depository institutions$3,086
Interest-bearing balances$320
Securities$6,323
Federal funds sold & reverse repurchase agreements$1,201
Net loans & leases$81,621
Loan loss allowance $967
Trading account assets$0
Bank premises and fixed assets$697
Other real estate owned$0
Goodwill and other intangibles$269
All other assets$2,422
Life insurance assets$95,620
Total liabilities and capital$86,473
Total liabilities$84,827
Total deposits$73,326
Interest-bearing deposits$84,827
Deposits held in domestic offices$94
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$1,000
Other borrowed funds $0
Subordinated debt $646
All other liabilities $9,147
Total equity capital$9,147
Total bank equity capital$9,147
Perpetual preferred stock$0
Common stock$3,530
Surplus$5,261
Undivided profits $356
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $5,451
Income earned, not collected on loans $2,426
Earning assets $0
Long-term assets (5+ years) $365
Average Assets, year-to-date $89,465
Average Assets, quarterly $18,466
Volatile liabilities $93,247
Insider loans $92,814
FHLB advances $75,372
Loans and leases held for sale $98,007
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,695
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $4,920
Derivatives$748
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,355
Total interest expense $929
Net interest income $4,426
Provision for loan and lease losses $257
Total noninterest income $489
Fiduciary activities $0
Service charges on deposit accounts $356
Trading account gains & fees $0
Additional noninterest income $133
Total noninterest expense $4,297
Salaries and employee benefits $1,964
Premises and equipment expense $824
Additional noninterest expense $1,509
Pre-tax net operating income $361
Securities gains (losses) $0
Applicable income taxes $110
Income before extraordinary items $251
Extraordinary gains - net $0
Net income attributable to bank $251
Net charge-offs $0
Cash dividends $251
Sale, conversion, retirement of capital stock, net $209
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.12%
Cost of funding earning assets 1.06%
Net interest margin 5.06%
Noninterest income to earning assets 0.56%
Noninterest expense to earning assets 4.91%
Net operating income to assets 0.27%
Return on assets (ROA) 0.27%
Pretax return on assets 0.39%
Return on equity (ROE) 2.74%
Retained earnings to average equity (YTD only) 2.74%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 122.97%
Efficiency ratio2.96%
Assets per employee$84,028
Cash dividends to net income (YTD only)2.33%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.17%
Noncurrent assets plus other real estate owned to assets 39.86%
Noncurrent loans to loans 2.54%
Net loans and leases to deposits2.94%
Net loans and leases to core deposits 96.22%
Equity capital to assets 115.13%
Core capital (leverage) ratio 9.57%
Tier 1 risk-based capital ratio 8.87%
Total risk-based capital ratio 11.54%
Memoranda
Average assets$13
Average earning assets$93,247
Average equity $9,155
Average loans $87,490
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4 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
077239River Community Bank, National Association1 East Market Street, Martinsville, VA 24112July 24, 2000Full Service Brick and Mortar
1360655Stanleytown Branch380 Riverside Drive, Bassett, VA 24055December 04, 2000Full Service Brick and Mortar
2362705Stuart Branch48 Animal Clinic Road, Stuart, VA 24171August 06, 2001Full Service Brick and Mortar
3451968Main Street Branch4677 Main Street, Drakes Branch, VA 23937June 12, 2006Full Service Brick and Mortar
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