River Community Bank, National Association in Martinsville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

River Community Bank, National Association - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 41Total employees (full-time equivalent)
  • $95,619Total assets
  • $3,086Cash and due from depository institutions
  • $320Interest-bearing balances
  • $6,323Securities
  • $1,201Federal funds sold & reverse repurchase agreements
  • $81,621Net loans & leases
  • $967Loan loss allowance
  • $0Trading account assets
  • $697Bank premises and fixed assets
  • $0Other real estate owned
  • $269Goodwill and other intangibles
  • $95,620Life insurance assets
  • $2,422All other assets
  • $86,473Total liabilities and capital
  • $84,827Total liabilities
  • $73,326Total deposits
  • $84,827Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,000Trading liabilities
  • $0Other borrowed funds
  • $646Subordinated debt
  • $9,147All other liabilities
  • $9,147Total equity capital
  • $9,147Total bank equity capital
  • $0Perpetual preferred stock
  • $3,530Common stock
  • $5,261Surplus
  • $356Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $5,451Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,426Income earned, not collected on loans
  • $0Earning assets
  • $365Long-term assets (5+ years)
  • $89,465Average Assets, year-to-date
  • $18,466Average Assets, quarterly
  • $93,247Volatile liabilities
  • $92,814Insider loans
  • $75,372FHLB advances
  • $98,007Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $8,695Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $4,920Restructured Loans and leases
  • $748Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,355Total interest income
  • $929Total interest expense
  • $4,426Net interest income
  • $257Provision for loan and lease losses
  • $489Total noninterest income
  • $0Fiduciary activities
  • $356Service charges on deposit accounts
  • $0Trading account gains & fees
  • $133Additional noninterest income
  • $4,297Total noninterest expense
  • $1,964Salaries and employee benefits
  • $824Premises and equipment expense
  • $1,509Additional noninterest expense
  • $361Pre-tax net operating income
  • $0Securities gains (losses)
  • $110Applicable income taxes
  • $251Income before extraordinary items
  • $0Extraordinary gains - net
  • $251Net income attributable to bank
  • $0Net charge-offs
  • $251Cash dividends
  • $209Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.12%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 5.06%Net interest margin
  • 0.56%Noninterest income to earning assets
  • 4.91%Noninterest expense to earning assets
  • 0.27%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.39%Pretax return on assets
  • 2.74%Return on equity (ROE)
  • 2.74%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 122.97%Credit loss provision to net charge-offs
  • 2.96%Efficiency ratio
  • 84,028Assets per employee
  • 2.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.17%Loss allowance to noncurrent loans
  • 39.86%Noncurrent assets plus other real estate owned to assets
  • 2.54%Noncurrent loans to loans
  • 2.94%Net loans and leases to deposits
  • 96.22%Net loans and leases to core deposits
  • 115.13%Equity capital to assets
  • 9.57%Core capital (leverage) ratio
  • 8.87%Tier 1 risk-based capital ratio
  • 11.54%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $93,247Average earning assets
  • $9,155Average equity
  • $87,490Average loans

List of branches

  • 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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