Shenandoah Valley National Bank in Winchester, Virginia (VA)



Show street view No street view available for this location
Table of contents:
Shenandoah Valley National Bank
GeneralFDIC Certificate #: 35107
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Summit Community Bank, Inc (#34102)
Federal Reserve ID: 2777472
Date Established: May 17, 1999
WWW: http://www.shenandoahvnb.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 7 (Interstate: No)
FDIC's unique #: 74896
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: May 17, 1999
Last Structure Change Effective Date: June 16, 2007
Last Structure Change Process Date: June 26, 2007
Last Data Update: June 26, 2007
Data Source Date: April 05, 2012
LocationAddress: 100 Jubal Early Drive, Winchester, VA 22601
County: Winchester 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
Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
Core Based Statistical Area (CBSA): Winchester, VA-WV (#49020)
CBSA Metro Statistical Area: Winchester, VA-WV (#49020)
Financial SummaryTotal assets: $482.7 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)
Total employees (full-time equivalent)128
Total assets$475,197
Cash and due from depository institutions$5,525
Interest-bearing balances$216
Securities$79,649
Federal funds sold & reverse repurchase agreements$4,591
Net loans & leases$367,111
Loan loss allowance $3,518
Trading account assets$0
Bank premises and fixed assets$7,458
Other real estate owned$75
Goodwill and other intangibles$0
All other assets$10,788
Life insurance assets$2,028
Total liabilities and capital$475,197
Total liabilities$437,523
Total deposits$386,495
Interest-bearing deposits$364,593
Deposits held in domestic offices$386,495
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $214
Trading liabilities$0
Other borrowed funds $46,393
Subordinated debt $0
All other liabilities $4,421
Total equity capital$37,674
Total bank equity capital$37,674
Perpetual preferred stock$37,674
Common stock$0
Surplus$6,075
Undivided profits $18,225
Memoranda
Noncurrent loans and leases $13,374
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $57,422
Income earned, not collected on loans $0
Earning assets $2,176
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,422
Average Assets, quarterly $451,567
Volatile liabilities $124,304
Insider loans $437,122
FHLB advances $469,588
Loans and leases held for sale $170,497
Unused loan commitments $15,829
Tier 1 (core) risk-based capital $46,393
Tier 2 risk-based capital $13,184
Total risk weighted assets $8,429
Total unused commitments $57,422
Restructured Loans and leases $0
Derivatives$3,560
Back to page top, Back to table top

Income and Expense (December 31, 2006)
(Dollar figures in thousands)
Total interest income $31,300
Total interest expense $16,246
Net interest income $15,054
Provision for loan and lease losses $1,715
Total noninterest income $20,472
Fiduciary activities $0
Service charges on deposit accounts $519
Trading account gains & fees $0
Additional noninterest income $19,953
Total noninterest expense $32,634
Salaries and employee benefits $10,241
Premises and equipment expense $2,045
Additional noninterest expense $20,348
Pre-tax net operating income $1,177
Securities gains (losses) $0
Applicable income taxes $264
Income before extraordinary items $913
Extraordinary gains - net $0
Net income attributable to bank $913
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $288
Net operating income $0
Back to page top, Back to table top

Performance and Condition Ratios (December 31, 2006)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.59%
Cost of funding earning assets 3.94%
Net interest margin 3.65%
Noninterest income to earning assets 4.96%
Noninterest expense to earning assets 7.91%
Net operating income to assets 0.21%
Return on assets (ROA) 0.21%
Pretax return on assets 0.27%
Return on equity (ROE) 2.55%
Retained earnings to average equity (YTD only) 2.55%
Net charge-offs to loans 0.08%
Credit loss provision to net charge-offs 595.49%
Efficiency ratio10.04%
Assets per employee$91,859
Cash dividends to net income (YTD only)3.71%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.95%
Noncurrent assets plus other real estate owned to assets 161.67%
Noncurrent loans to loans 0.47%
Net loans and leases to deposits0.59%
Net loans and leases to core deposits 94.98%
Equity capital to assets 145.86%
Core capital (leverage) ratio 7.93%
Tier 1 risk-based capital ratio 8.02%
Total risk-based capital ratio 9.93%
Memoranda
Average assets$11
Average earning assets$437,122
Average equity $35,741
Average loans $412,487
Back to page top, Back to table top

User Contributions:

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 Shenandoah Valley National 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.