StellarOne Bank in Christiansburg, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


StellarOne Bank - Overview

  • General
  • FDIC Certificate #: 6834
    Status: Active
    Federal Reserve ID: 1009420
    Bank Holding Company (Regulatory Top Holder): Stellarone Corporation (RSSDID: 2502049, Location: Charlottesville, VA)
    Date Established: August 02, 1900
    WWW: http://www.stellarone.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 60 (Domestic: 60, Interstate: No)
    FDIC's unique #: 4594
    Numeric code: 13
    Regulator: FED
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 24, 2008
    Last Structure Change Process Date: June 06, 2008
    Last Data Update: June 06, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 Arbor Drive, Christiansburg, VA 24073
    County: Montgomery
    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): Blacksburg-Christiansburg-Radford, VA (#13980)
    CBSA Metro Statistical Area: Blacksburg-Christiansburg-Radford, VA (#13980)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
    Change in FED-RSSD-ID
  • Financial Summary
  • Total assets: $2,911.7 mil
    Equity capital: $433.1 mil
    Deposits held in domestic offices: $2,404.3 mil
    Return on assets (ROA): 0.59% ($17.2 mil)
    Quarterly return on assets: 0.72% ($21.0 mil)
    Return on Equity (ROE): 3.92% ($17.0 mil)
    Quarterly return on equity: 4.75% ($20.6 mil)
    Net income: $17.3 mil
    Quarterly Net income: $5.2 mil
    Pretax return on assets: 0.78% ($22,711.1 mil)
    Quarterly Pretax return on assets: 0.97% ($28,243.3 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, 2011)

  • Dollar figures in thousands
  • 809Total employees (full-time equivalent)
  • $2,911,678Total assets
  • $87,537Cash and due from depository institutions
  • $46,521Interest-bearing balances
  • $468,965Securities
  • $21,117Federal funds sold & reverse repurchase agreements
  • $2,041,082Net loans & leases
  • $32,588Loan loss allowance
  • $929Trading account assets
  • $76,591Bank premises and fixed assets
  • $8,575Other real estate owned
  • $119,846Goodwill and other intangibles
  • $2,911,678Life insurance assets
  • $87,036All other assets
  • $2,478,597Total liabilities and capital
  • $2,404,284Total liabilities
  • $2,324,233Total deposits
  • $2,404,284Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 841.00%% insured (estimated)
  • $929Federal funds purchased & repurchase agreements
  • $60,000Trading liabilities
  • $0Other borrowed funds
  • $12,543Subordinated debt
  • $433,081All other liabilities
  • $433,081Total equity capital
  • $433,081Total bank equity capital
  • $0Perpetual preferred stock
  • $3,756Common stock
  • $377,462Surplus
  • $51,863Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $42,027Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $40,690Income earned, not collected on loans
  • $0Earning assets
  • $8,908Long-term assets (5+ years)
  • $2,577,685Average Assets, year-to-date
  • $613,791Average Assets, quarterly
  • $2,920,432Volatile liabilities
  • $2,931,177Insider loans
  • $2,118,356FHLB advances
  • $2,816,324Loans and leases held for sale
  • $41,112Unused loan commitments
  • $39,734Tier 1 (core) risk-based capital
  • $305,762Tier 2 risk-based capital
  • $1,378Total risk weighted assets
  • $0Total unused commitments
  • $483,530Restructured Loans and leases
  • $10,875Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $120,860Total interest income
  • $23,306Total interest expense
  • $97,554Net interest income
  • $12,700Provision for loan and lease losses
  • $30,838Total noninterest income
  • $3,386Fiduciary activities
  • $9,534Service charges on deposit accounts
  • $0Trading account gains & fees
  • $17,918Additional noninterest income
  • $93,525Total noninterest expense
  • $48,958Salaries and employee benefits
  • $12,781Premises and equipment expense
  • $31,786Additional noninterest expense
  • $22,167Pre-tax net operating income
  • $508Securities gains (losses)
  • $5,393Applicable income taxes
  • $17,282Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,282Net income attributable to bank
  • $0Net charge-offs
  • $17,282Cash dividends
  • $17,761Sale, conversion, retirement of capital stock, net
  • $27,500Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.67%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.77%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 3.61%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.78%Pretax return on assets
  • 3.92%Return on equity (ROE)
  • -2.32%Retained earnings to average equity (YTD only)
  • 0.85%Net charge-offs to loans
  • 71.50%Credit loss provision to net charge-offs
  • 1.96%Efficiency ratio
  • 71,249Assets per employee
  • 3.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 159.13%Loss allowance to loans
  • 1.57%Loss allowance to noncurrent loans
  • 80.09%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 1.96%Net loans and leases to deposits
  • 84.89%Net loans and leases to core deposits
  • 86.91%Equity capital to assets
  • 14.87%Core capital (leverage) ratio
  • 10.86%Tier 1 risk-based capital ratio
  • 14.43%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $2,920,432Average earning assets
  • $440,346Average equity
  • $2,587,859Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $412,749Managed Assets
  • 1Number of Accounts
  • $368,490Personal trust and agency accounts
  • $164,556Employee benefit-defined contribution accounts
  • $6,814Employee benefit-defined benefit accounts
  • $3,702Other retirement accounts
  • $49,606Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $128,615Other fiduciary accounts
  • $15,197Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 740Number of Accounts
  • $0Personal trust and agency accounts
  • $48,915Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $44,259Other retirement accounts
  • $6,615Corporate trust and agency accounts
  • $32,549Other fiduciary accounts
  • $858Fiduciary accounts held in foreign offices

List of branches

  • 58 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04594Stellarone Bank105 Arbor Drive, Christiansburg, VA 24073August 02, 1900Full Service Brick and Mortar
    1212314Culpeper North Branch717 James Madison Highway, Culpeper, VA 22701November 23, 1964Full Service Brick and Mortar
    2212315Culpeper South Branch231 Southgate Shopping Center, Culpeper, VA 22701October 12, 1971Full Service Brick and Mortar
    3212316Madison Branch1174 N Main Street, Madison, VA 22727May 07, 1979Full Service Brick and Mortar
    4212317Locust Grove Branch36081 Goodwin Drive, Locust Grove, VA 22508December 18, 1995Full Service Brick and Mortar
    5212318Harrisonburg Branch1920-E Medical Avenue, Harrisonburg, VA 22801January 02, 1998Limited Service Loan Production
    7212320Orange Branch134 W Main St, Orange, VA 22960April 05, 1999Full Service Brick and Mortar
    84224181807 Seminole Trail Branch1807 Seminole Trail, Charlottesville, VA 22901Febuary 18, 2003Limited Service Loan Production
    11453595North Town Center2021 Seminole Trail, Charlottesville, VA 22901June 19, 2006Full Service Brick and Mortar
    1239425Lassen Lane Branch4805 Lassen Lane, Fredericksburg, VA 22401June 27, 1988Full Service Brick and Mortar
    13261502Charles Street Branch1016 Charles Street, Fredericksburg, VA 22401September 03, 1996Full Service Brick and Mortar
    14261503Chancellor Branch5996 Plank Road, Fredericksburg, VA 22407July 07, 1997Full Service Brick and Mortar
    15362063Stafford Branch25 Banks Ford Road, Fredericksburg, VA 22406January 18, 2001Full Service Brick and Mortar
    17285570Ladysmith Branch18121 Jefferson Davis Highway, Ruther Glen, VA 22546July 15, 1996Full Service Brick and Mortar
    19468961Culpeper Main Branch102 South Main Street, Culpeper, VA 22701October 22, 2007Full Service Brick and Mortar
    20470018Richmond Lpo Branch3900 Westerre Parkway, Richmond, VA 23233November 29, 2007Limited Service Loan Production
    2114357Staunton Main Branch24 South Augusta Street, Staunton, VA 24401September 01, 1972Full Service Brick and Mortar
    22251685Waynesboro Branch251 North Poplar Avenue, Waynesboro, VA 22980May 23, 1977Full Service Brick and Mortar
    25208806West Beverley Street Branch2307 West Beverley Street, Staunton, VA 24401September 06, 1968Full Service Brick and Mortar
    28251686Stuarts Draft Branch2600 Stuarts Draft Hwy, Stuarts Draft, VA 24477May 17, 1982Full Service Brick and Mortar
    2915090Verona Branch374 Lee Hwy, Verona, VA 24482October 01, 1974Full Service Brick and Mortar
    30251687Greenville Avenue Branch115 Lee Jackson Highway, Staunton, VA 24401May 08, 1989Full Service Brick and Mortar
    31212389Grottoes Branch106 Sixth Street, Grottoes, VA 24441November 01, 1933Full Service Brick and Mortar
    32251688Rosser Avenue Branch100 Lucy Lane, Waynesboro, VA 22980April 23, 1999Full Service Brick and Mortar
    34251690Lexington Branch1197 Lee Highway, Lexington, VA 24450September 23, 1999Full Service Brick and Mortar
    36249925Buena Vista Branch2101 Forest Avenue, Buena Vista, VA 24416January 12, 1987Full Service Brick and Mortar
    37430612Parkway Lane Branch12 Parkway Lane, Fishersville, VA 22939October 14, 2003Full Service Brick and Mortar
    38431499Covington Branch450 W Main St., Covington, VA 24426September 26, 2003Full Service Brick and Mortar
    39431501Rocky Mount Branch369 Franklin St., Rocky Mount, VA 24151September 26, 2003Full Service Brick and Mortar
    43212319University Boulevard Branch390 University Boulevard, Harrisonburg, VA 22801December 07, 1998Full Service Brick and Mortar
    45457808South High Street Branch1391 South High Street, Harrisonburg, VA 22801December 13, 2006Full Service Brick and Mortar
    46467625Langhorne Road Branch2102 Langhorne Road, Lynchburg, VA 24501July 31, 2006Full Service Brick and Mortar
    48212300Riner Branch4055 Riner Road, Riner, VA 24149June 02, 1969Full Service Brick and Mortar
    49212301Roanoke Street Branch1675 Roanoke Street Se, Christiansburg, VA 24073Febuary 26, 1971Full Service Brick and Mortar
    50212302Blacksburg North Branch601 North Main Street, Blacksburg, VA 24060May 25, 1977Full Service Brick and Mortar
    51212303Radford Branch50 West Main Street, Radford, VA 24141August 12, 1988Full Service Brick and Mortar
    52212306Corporate Research Center At Vt Bran2280 Kraft Drive, Suite 1000, Blacksburg, VA 24060November 21, 1994Full Service Brick and Mortar
    53212307Shawsville Branch250 Alleghany Spring Road, Shawsville, VA 24162July 05, 1996Full Service Brick and Mortar
    54212308Dublin Branch2 Town Center Drive, Dublin, VA 24084November 29, 1996Full Service Brick and Mortar
    55212309Christiansburg Branch50 North Franklin Street, Christiansburg, VA 24073Febuary 18, 1997Full Service Brick and Mortar
    57360889Wytheville North Branch900 North 4th Street, Wytheville, VA 24382January 05, 2001Full Service Brick and Mortar
    58212896Pearisburg Branch605 Wenonah Avenue, Pearisburg, VA 24134July 19, 1965Full Service Brick and Mortar
    59212908Wytheville Main Branch320 West Main Street, Wytheville, VA 24382November 15, 1962Full Service Brick and Mortar
    6015818Salem Main Branch220 East Main Street, Salem, VA 24153June 12, 1978Full Service Brick and Mortar
    62255102Salem West Branch1251 West Main Street, Salem, VA 24153May 07, 1984Full Service Brick and Mortar
    63255103Oak Grove Branch2101 Electric Road, Roanoke, VA 24018July 08, 1991Full Service Brick and Mortar
    64255104Hollins Branch7337 Williamson Road, Roanoke, VA 24019June 28, 1993Full Service Brick and Mortar
    65358652Brandon Oaks Branch3804 Brandon Avenue, Sw, Roanoke, VA 24018April 03, 2000Full Service Brick and Mortar
    66363623Crossroads Branch1611 Hershberger Road Nw, Roanoke, VA 24012May 06, 2002Full Service Brick and Mortar
    6740632Franklin Plaza Branch111 Franklin Rd Suite 100, Roanoke, VA 24011January 01, 1927Full Service Brick and Mortar
    68263472Vinton Branch1006 Hardy Road, Vinton, VA 24179January 01, 1927Full Service Brick and Mortar
    7042384Bedford Branch125 West Main Street, Bedford, VA 24523November 06, 1935Full Service Brick and Mortar
    71275461Forest Branch14915 Forest Road, Forest, VA 24551November 06, 1935Full Service Brick and Mortar
    72275462Moneta Branch14739 Moneta Road, Moneta, VA 24121June 30, 1987Full Service Brick and Mortar
    76479105Floyd Branch680 E. Main Street, Floyd, VA 24091June 20, 2008Full Service Brick and Mortar
    77479106Tanglewood Branch4203 Electric Rd, Roanoke, VA 24018December 03, 2007Full Service Brick and Mortar
    79480325Mill Creek Branch1330 Parham Circle, Charlottesville, VA 22902May 24, 2008Full Service Brick and Mortar
    80493345Plank Road Branch4109 Plank Rd, Fredericksburg, VA 22408December 01, 2008Full Service Brick and Mortar

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