The Bank of Fincastle in Fincastle, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Bank of Fincastle - Overview

  • General
  • FDIC Certificate #: 6128
    Status: Active
    Federal Reserve ID: 353724
    Date Established: September 22, 1875
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 15420
    FDIC's unique #: 4138
    Numeric code: 21
    Regulator: FDIC
    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: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 17 South Roanoke Street, Fincastle, VA 24090
    County: Botetourt
    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
    Metropolitan Statistical Area (MSA): Roanoke, VA (#6800)
    Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
    CBSA Metro Statistical Area: Roanoke, VA (#40220)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $180.4 mil
    Equity capital: $25.3 mil
    Deposits held in domestic offices: $154.3 mil
    Return on assets (ROA): 0.92% ($1.7 mil)
    Quarterly return on assets: 0.75% ($1.4 mil)
    Return on Equity (ROE): 6.64% ($1.7 mil)
    Quarterly return on equity: 5.37% ($1.3 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.26% ($2,273.2 mil)
    Quarterly Pretax return on assets: 1.16% ($2,092.8 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
  • 61Total employees (full-time equivalent)
  • $180,416Total assets
  • $9,929Cash and due from depository institutions
  • $6,211Interest-bearing balances
  • $9,531Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $141,675Net loans & leases
  • $1,800Loan loss allowance
  • $0Trading account assets
  • $9,070Bank premises and fixed assets
  • $2,311Other real estate owned
  • $0Goodwill and other intangibles
  • $180,416Life insurance assets
  • $7,900All other assets
  • $155,113Total liabilities and capital
  • $154,318Total liabilities
  • $115,611Total deposits
  • $154,318Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $795Subordinated debt
  • $25,303All other liabilities
  • $25,303Total equity capital
  • $25,303Total bank equity capital
  • $0Perpetual preferred stock
  • $91Common stock
  • $4,926Surplus
  • $20,286Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,174Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,893Income earned, not collected on loans
  • $0Earning assets
  • $635Long-term assets (5+ years)
  • $157,417Average Assets, year-to-date
  • $2,160Average Assets, quarterly
  • $179,765Volatile liabilities
  • $181,094Insider loans
  • $163,880FHLB advances
  • $180,638Loans and leases held for sale
  • $4,374Unused loan commitments
  • $2,444Tier 1 (core) risk-based capital
  • $25,303Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,930Total unused commitments
  • $25,302Restructured Loans and leases
  • $5,228Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,917Total interest income
  • $1,227Total interest expense
  • $6,690Net interest income
  • $197Provision for loan and lease losses
  • $1,183Total noninterest income
  • $0Fiduciary activities
  • $394Service charges on deposit accounts
  • $0Trading account gains & fees
  • $789Additional noninterest income
  • $5,417Total noninterest expense
  • $2,886Salaries and employee benefits
  • $920Premises and equipment expense
  • $1,611Additional noninterest expense
  • $2,259Pre-tax net operating income
  • $0Securities gains (losses)
  • $601Applicable income taxes
  • $1,658Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,658Net income attributable to bank
  • $0Net charge-offs
  • $1,658Cash dividends
  • $296Sale, conversion, retirement of capital stock, net
  • $816Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.05%Yield on earning assets
  • 0.78%Cost of funding earning assets
  • 4.27%Net interest margin
  • 0.75%Noninterest income to earning assets
  • 3.46%Noninterest expense to earning assets
  • 0.92%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.26%Pretax return on assets
  • 6.64%Return on equity (ROE)
  • 3.37%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 66.55%Credit loss provision to net charge-offs
  • 8.30%Efficiency ratio
  • 68,805Assets per employee
  • 2.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 49.22%Loss allowance to loans
  • 1.25%Loss allowance to noncurrent loans
  • 46.24%Noncurrent assets plus other real estate owned to assets
  • 3.44%Noncurrent loans to loans
  • 2.71%Net loans and leases to deposits
  • 91.81%Net loans and leases to core deposits
  • 96.33%Equity capital to assets
  • 14.02%Core capital (leverage) ratio
  • 14.01%Tier 1 risk-based capital ratio
  • 15.44%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $179,765Average earning assets
  • $24,964Average equity
  • $156,785Average loans

List of branches

  • 8 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04138The Bank Of Fincastle17 South Roanoke Street, Fincastle, VA 24090September 22, 1875Full Service Brick and Mortar
    1208799Daleville Branch1245 Roanoke Road, Daleville, VA 24083April 12, 1969Full Service Brick and Mortar
    2208800Blue Ridge Branch98 Blue Ridge Blvd, Blue Ridge, VA 24064August 14, 1989Full Service Brick and Mortar
    3208801Troutville Branch5192 Lee Highway South, Troutville, VA 24175January 25, 1995Full Service Brick and Mortar
    4208802Daleville Branch1618 Roanoke Rd, Daleville, VA 24083July 08, 1996Limited Service Facility
    6208804Roanoke Branch614 Lee Highway, Roanoke, VA 24019December 13, 1999Full Service Brick and Mortar
    8445179The Glebe Branch200 The Glebe Boulevard, Daleville, VA 24083September 29, 2005Full Service Brick and Mortar
    9453941Bedford Office Branch1387 American Way Court, Bedford, VA 24523August 29, 2005Full Service Brick and Mortar

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