The Blue Grass Valley Bank in Blue Grass, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Blue Grass Valley Bank - Overview

  • General
  • FDIC Certificate #: 8672
    Status: Active
    Federal Reserve ID: 755421
    Date Established: December 02, 1915
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    OTS Docket #: 15735
    FDIC's unique #: 5527
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Agricultural lending institution: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Agricultural 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: 2583 Blue Grass Valley Road, Blue Grass, VA 24413
    County: Highland
    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
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $35.4 mil
    Equity capital: $4.0 mil
    Deposits held in domestic offices: $31.2 mil
    Return on assets (ROA): 0.60% ($0.2 mil)
    Quarterly return on assets: 0.71% ($0.2 mil)
    Return on Equity (ROE): 5.42% ($0.2 mil)
    Quarterly return on equity: 6.20% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.89% ($314.8 mil)
    Quarterly Pretax return on assets: 1.04% ($367.8 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
  • 12Total employees (full-time equivalent)
  • $35,370Total assets
  • $987Cash and due from depository institutions
  • $136Interest-bearing balances
  • $2,318Securities
  • $1,022Federal funds sold & reverse repurchase agreements
  • $28,966Net loans & leases
  • $568Loan loss allowance
  • $0Trading account assets
  • $908Bank premises and fixed assets
  • $505Other real estate owned
  • $0Goodwill and other intangibles
  • $35,370Life insurance assets
  • $664All other assets
  • $31,394Total liabilities and capital
  • $31,183Total liabilities
  • $26,588Total deposits
  • $31,183Interest-bearing deposits
  • $100Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $211Subordinated debt
  • $3,976All other liabilities
  • $3,976Total equity capital
  • $3,976Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $69Surplus
  • $3,407Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,495Income earned, not collected on loans
  • $0Earning assets
  • $272Long-term assets (5+ years)
  • $32,442Average Assets, year-to-date
  • $736Average Assets, quarterly
  • $35,550Volatile liabilities
  • $35,057Insider loans
  • $27,666FHLB advances
  • $35,069Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,976Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,904Restructured Loans and leases
  • $928Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,893Total interest income
  • $517Total interest expense
  • $1,376Net interest income
  • $96Provision for loan and lease losses
  • $103Total noninterest income
  • $0Fiduciary activities
  • $55Service charges on deposit accounts
  • $0Trading account gains & fees
  • $48Additional noninterest income
  • $1,067Total noninterest expense
  • $527Salaries and employee benefits
  • $114Premises and equipment expense
  • $426Additional noninterest expense
  • $316Pre-tax net operating income
  • $0Securities gains (losses)
  • $102Applicable income taxes
  • $214Income before extraordinary items
  • $0Extraordinary gains - net
  • $214Net income attributable to bank
  • $0Net charge-offs
  • $214Cash dividends
  • $45Sale, conversion, retirement of capital stock, net
  • $104Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.78%Yield on earning assets
  • 1.58%Cost of funding earning assets
  • 4.20%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 3.26%Noninterest expense to earning assets
  • 0.60%Net operating income to assets
  • 0.60%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 5.42%Return on equity (ROE)
  • 2.78%Retained earnings to average equity (YTD only)
  • 0.15%Net charge-offs to loans
  • 213.33%Credit loss provision to net charge-offs
  • 9.16%Efficiency ratio
  • 72,143Assets per employee
  • 2.95%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 48.60%Loss allowance to loans
  • 1.92%Loss allowance to noncurrent loans
  • 37.99%Noncurrent assets plus other real estate owned to assets
  • 5.65%Noncurrent loans to loans
  • 5.06%Net loans and leases to deposits
  • 92.89%Net loans and leases to core deposits
  • 92.89%Equity capital to assets
  • 11.24%Core capital (leverage) ratio
  • 11.34%Tier 1 risk-based capital ratio
  • 14.37%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $35,550Average earning assets
  • $3,950Average equity
  • $32,758Average loans

List of branches

  • 2 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05527The Blue Grass Valley Bank2583 Blue Grass Valley Road, Blue Grass, VA 24413December 02, 1915Full Service Brick and Mortar
    1358769Monterey BranchEast Main Street, Monterey, VA 24465November 13, 2000Full Service Brick and Mortar

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