Shenandoah Valley National Bank in Winchester, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 16, 2007

  • Shenandoah Valley National Bank in Winchester, Virginia (VA)
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Shenandoah Valley National Bank - Overview

  • General
  • FDIC 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
    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
  • Location
  • Address: 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 Summary
  • Total 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
  • 128Total employees (full-time equivalent)
  • $475,197Total assets
  • $5,525Cash and due from depository institutions
  • $216Interest-bearing balances
  • $79,649Securities
  • $4,591Federal funds sold & reverse repurchase agreements
  • $367,111Net loans & leases
  • $3,518Loan loss allowance
  • $0Trading account assets
  • $7,458Bank premises and fixed assets
  • $75Other real estate owned
  • $0Goodwill and other intangibles
  • $2,028Life insurance assets
  • $10,788All other assets
  • $475,197Total liabilities and capital
  • $437,523Total liabilities
  • $386,495Total deposits
  • $364,593Interest-bearing deposits
  • $386,495Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $214Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $46,393Other borrowed funds
  • $0Subordinated debt
  • $4,421All other liabilities
  • $37,674Total equity capital
  • $37,674Total bank equity capital
  • $37,674Perpetual preferred stock
  • $0Common stock
  • $6,075Surplus
  • $18,225Undivided profits
  • Memoranda
  • $13,374Noncurrent loans and leases
  • $57,422Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,176Earning assets
  • $0Long-term assets (5+ years)
  • $2,422Average Assets, year-to-date
  • $451,567Average Assets, quarterly
  • $124,304Volatile liabilities
  • $437,122Insider loans
  • $469,588FHLB advances
  • $170,497Loans and leases held for sale
  • $15,829Unused loan commitments
  • $46,393Tier 1 (core) risk-based capital
  • $13,184Tier 2 risk-based capital
  • $8,429Total risk weighted assets
  • $57,422Total unused commitments
  • $0Restructured Loans and leases
  • $3,560Derivatives

Income and Expense (December 31, 2006)

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

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.59%Yield on earning assets
  • 3.94%Cost of funding earning assets
  • 3.65%Net interest margin
  • 4.96%Noninterest income to earning assets
  • 7.91%Noninterest expense to earning assets
  • 0.21%Net operating income to assets
  • 0.21%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 2.55%Return on equity (ROE)
  • 2.55%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 595.49%Credit loss provision to net charge-offs
  • 10.04%Efficiency ratio
  • 91,859Assets per employee
  • 3.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 161.67%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 94.98%Net loans and leases to core deposits
  • 145.86%Equity capital to assets
  • 7.93%Core capital (leverage) ratio
  • 8.02%Tier 1 risk-based capital ratio
  • 9.93%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $437,122Average earning assets
  • $35,741Average equity
  • $412,487Average loans

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