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

  • The Farmers Bank of Appomattox in Appomattox, Virginia (VA)
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The Farmers Bank of Appomattox - Overview

  • General
  • FDIC Certificate #: 6813
    Status: Active
    Federal Reserve ID: 188720
    Date Established: September 16, 1918
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 4583
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 15, 2010
    Last Structure Change Process Date: January 29, 2010
    Last Data Update: January 29, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 223 Main Street, Appomattox, VA 24522
    County: Appomattox
    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): Lynchburg, VA (#31340)
    CBSA Metro Statistical Area: Lynchburg, VA (#31340)
  • History of Changes
  • Corrections
    Office Purchased
  • Financial Summary
  • Total assets: $186.2 mil
    Equity capital: $23.5 mil
    Deposits held in domestic offices: $158.5 mil
    Return on assets (ROA): 0.98% ($1.8 mil)
    Quarterly return on assets: 0.93% ($1.7 mil)
    Return on Equity (ROE): 8.21% ($1.9 mil)
    Quarterly return on equity: 7.47% ($1.7 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.27% ($2,365.2 mil)
    Quarterly Pretax return on assets: 1.20% ($2,234.9 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
  • 64Total employees (full-time equivalent)
  • $186,239Total assets
  • $3,483Cash and due from depository institutions
  • $0Interest-bearing balances
  • $64,563Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $112,574Net loans & leases
  • $801Loan loss allowance
  • $0Trading account assets
  • $2,657Bank premises and fixed assets
  • $403Other real estate owned
  • $245Goodwill and other intangibles
  • $186,239Life insurance assets
  • $2,314All other assets
  • $162,762Total liabilities and capital
  • $158,545Total liabilities
  • $134,871Total deposits
  • $158,545Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 2640.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,577Subordinated debt
  • $23,477All other liabilities
  • $23,477Total equity capital
  • $23,477Total bank equity capital
  • $0Perpetual preferred stock
  • $2,167Common stock
  • $1,000Surplus
  • $20,310Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,537Income earned, not collected on loans
  • $0Earning assets
  • $1,167Long-term assets (5+ years)
  • $177,137Average Assets, year-to-date
  • $48,702Average Assets, quarterly
  • $186,802Volatile liabilities
  • $187,000Insider loans
  • $119,681FHLB advances
  • $186,325Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $22,664Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $19,890Restructured Loans and leases
  • $144Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,956Total interest income
  • $1,774Total interest expense
  • $7,182Net interest income
  • $337Provision for loan and lease losses
  • $862Total noninterest income
  • $0Fiduciary activities
  • $638Service charges on deposit accounts
  • $0Trading account gains & fees
  • $224Additional noninterest income
  • $5,436Total noninterest expense
  • $3,115Salaries and employee benefits
  • $416Premises and equipment expense
  • $1,905Additional noninterest expense
  • $2,271Pre-tax net operating income
  • $98Securities gains (losses)
  • $543Applicable income taxes
  • $1,826Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,826Net income attributable to bank
  • $0Net charge-offs
  • $1,826Cash dividends
  • $262Sale, conversion, retirement of capital stock, net
  • $704Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.04%Yield on earning assets
  • 1.00%Cost of funding earning assets
  • 4.04%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.94%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.27%Pretax return on assets
  • 8.21%Return on equity (ROE)
  • 5.05%Retained earnings to average equity (YTD only)
  • 0.24%Net charge-offs to loans
  • 128.63%Credit loss provision to net charge-offs
  • 9.95%Efficiency ratio
  • 66,559Assets per employee
  • 2.91%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 38.55%Loss allowance to loans
  • 0.71%Loss allowance to noncurrent loans
  • 52.11%Noncurrent assets plus other real estate owned to assets
  • 1.04%Noncurrent loans to loans
  • 1.36%Net loans and leases to deposits
  • 71.00%Net loans and leases to core deposits
  • 73.68%Equity capital to assets
  • 12.61%Core capital (leverage) ratio
  • 12.16%Tier 1 risk-based capital ratio
  • 18.94%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $186,802Average earning assets
  • $22,239Average equity
  • $177,593Average loans

List of branches

  • 5 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04583The Farmers Bank Of Appomattox223 Main Street, Appomattox, VA 24522September 16, 1918Full Service Brick and Mortar
    1212257Triangle Plaza Branch169 Old Courthouse Road, Appomattox, VA 24522September 25, 1973Full Service Brick and Mortar
    2212258Concord Branch10272 Village Highway, Concord, VA 24538September 18, 1985Full Service Brick and Mortar
    3212259Dillwyn Branch16086 North James Madison Hwy, Dillwyn, VA 23936August 11, 1997Full Service Brick and Mortar
    4431503Farmville/Longwood Plaza Branch1508 South Main Street, Farmville, VA 23901September 26, 2003Full Service Brick and Mortar

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