Rockingham Heritage Bank in Harrisonburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 14, 2007

  • Rockingham Heritage Bank in Harrisonburg, Virginia (VA)
  • Show street view No street view available for this location

Rockingham Heritage Bank - Overview

  • General
  • FDIC Certificate #: 33195
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#22858)
    Federal Reserve ID: 1495331
    Date Established: November 15, 1990
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 13 (Interstate: No)
    OTS Docket #: 12038
    FDIC's unique #: 46432
    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: November 15, 1990
    Last Structure Change Effective Date: July 14, 2007
    Last Structure Change Process Date: August 13, 2007
    Last Data Update: August 13, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 University Boulevard, Harrisonburg, VA 22801
    County: Harrisonburg 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): Harrisonburg, VA (#25500)
    CBSA Metro Statistical Area: Harrisonburg, VA (#25500)
  • Financial Summary
  • Total assets: $427.4 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, 2006)

  • Dollar figures in thousands
  • 123Total employees (full-time equivalent)
  • $432,309Total assets
  • $12,697Cash and due from depository institutions
  • $1,494Interest-bearing balances
  • $16,059Securities
  • $13,138Federal funds sold & reverse repurchase agreements
  • $352,120Net loans & leases
  • $2,995Loan loss allowance
  • $0Trading account assets
  • $10,108Bank premises and fixed assets
  • $0Other real estate owned
  • $18,003Goodwill and other intangibles
  • $3,201Life insurance assets
  • $10,184All other assets
  • $432,310Total liabilities and capital
  • $374,652Total liabilities
  • $352,238Total deposits
  • $308,161Interest-bearing deposits
  • $352,238Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $20,597Other borrowed funds
  • $0Subordinated debt
  • $1,817All other liabilities
  • $57,658Total equity capital
  • $57,658Total bank equity capital
  • $57,658Perpetual preferred stock
  • $0Common stock
  • $7,950Surplus
  • $22,357Undivided profits
  • Memoranda
  • $27,351Noncurrent loans and leases
  • $108,072Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,685Earning assets
  • $0Long-term assets (5+ years)
  • $1,734Average Assets, year-to-date
  • $382,811Average Assets, quarterly
  • $12,734Volatile liabilities
  • $334,493Insider loans
  • $427,483FHLB advances
  • $93,349Loans and leases held for sale
  • $2,483Unused loan commitments
  • $20,000Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $108,072Total unused commitments
  • $0Restructured Loans and leases
  • $2,995Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $23,793Total interest income
  • $9,907Total interest expense
  • $13,886Net interest income
  • $133Provision for loan and lease losses
  • $1,787Total noninterest income
  • $0Fiduciary activities
  • $743Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,044Additional noninterest income
  • $9,012Total noninterest expense
  • $5,138Salaries and employee benefits
  • $1,065Premises and equipment expense
  • $2,809Additional noninterest expense
  • $6,528Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,169Applicable income taxes
  • $4,359Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,359Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $44Sale, conversion, retirement of capital stock, net
  • $1,000Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.83%Yield on earning assets
  • 3.26%Cost of funding earning assets
  • 4.57%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 1.30%Net operating income to assets
  • 1.30%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 11.65%Return on equity (ROE)
  • 8.97%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 302.27%Credit loss provision to net charge-offs
  • 151.39%Efficiency ratio
  • 56,186Assets per employee
  • 3.51%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.94%Loss allowance to loans
  • 0.84%Loss allowance to noncurrent loans
  • 63.93%Noncurrent assets plus other real estate owned to assets
  • 1.08%Noncurrent loans to loans
  • 1.32%Net loans and leases to deposits
  • 99.97%Net loans and leases to core deposits
  • 125.99%Equity capital to assets
  • 13.34%Core capital (leverage) ratio
  • 9.61%Tier 1 risk-based capital ratio
  • 11.25%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $334,493Average earning assets
  • $37,426Average equity
  • $303,685Average loans

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Rockingham Heritage Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents