The First Bank and Trust Company in Lebanon, Virginia (VA), TN
Overview, Financial Summary, Detailed Financial Reports, Branches


  • The First Bank and Trust Company in Lebanon, Virginia (VA), TN
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The First Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 22918
    Status: Active
    Federal Reserve ID: 223322
    Bank Holding Company (Regulatory Top Holder): First Bancorp, Inc. (RSSDID: 1988646, Location: Lebanon, VA)
    Date Established: August 03, 1979
    WWW: http://www.firstbank.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 21 (Domestic: 21, Interstate: Yes)
    OTS Docket #: 11070
    FDIC's unique #: 16025
    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: August 03, 1979
    Last Structure Change Effective Date: Febuary 01, 2007
    Last Structure Change Process Date: April 05, 2007
    Last Data Update: April 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 359 West Main Street, Lebanon, VA 24266
    County: Russell
    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
  • Financial Summary
  • Total assets: $1,247.0 mil
    Equity capital: $124.9 mil
    Deposits held in domestic offices: $1,102.9 mil
    Return on assets (ROA): 1.18% ($14.7 mil)
    Quarterly return on assets: 1.38% ($17.2 mil)
    Return on Equity (ROE): 12.10% ($15.1 mil)
    Quarterly return on equity: 13.76% ($17.2 mil)
    Net income: $14.1 mil
    Quarterly Net income: $4.2 mil
    Pretax return on assets: 1.75% ($21,821.7 mil)
    Quarterly Pretax return on assets: 2.16% ($26,934.3 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
  • 281Total employees (full-time equivalent)
  • $1,246,957Total assets
  • $224,887Cash and due from depository institutions
  • $212,597Interest-bearing balances
  • $50,723Securities
  • $450Federal funds sold & reverse repurchase agreements
  • $905,542Net loans & leases
  • $18,117Loan loss allowance
  • $0Trading account assets
  • $20,048Bank premises and fixed assets
  • $6,401Other real estate owned
  • $3,980Goodwill and other intangibles
  • $1,246,958Life insurance assets
  • $34,926All other assets
  • $1,122,056Total liabilities and capital
  • $1,102,907Total liabilities
  • $913,909Total deposits
  • $1,102,907Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 1176.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $13,830Trading liabilities
  • $0Other borrowed funds
  • $4,143Subordinated debt
  • $124,902All other liabilities
  • $124,902Total equity capital
  • $124,902Total bank equity capital
  • $0Perpetual preferred stock
  • $4,360Common stock
  • $15,783Surplus
  • $104,759Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,402Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,166Income earned, not collected on loans
  • $0Earning assets
  • $4,762Long-term assets (5+ years)
  • $1,169,312Average Assets, year-to-date
  • $128,886Average Assets, quarterly
  • $1,198,086Volatile liabilities
  • $1,221,285Insider loans
  • $799,850FHLB advances
  • $1,219,055Loans and leases held for sale
  • $16,013Unused loan commitments
  • $3,640Tier 1 (core) risk-based capital
  • $123,635Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $12,373Total unused commitments
  • $106,397Restructured Loans and leases
  • $5,063Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $57,193Total interest income
  • $9,831Total interest expense
  • $47,362Net interest income
  • $6,925Provision for loan and lease losses
  • $9,324Total noninterest income
  • $1,042Fiduciary activities
  • $3,633Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,649Additional noninterest income
  • $28,800Total noninterest expense
  • $15,737Salaries and employee benefits
  • $2,648Premises and equipment expense
  • $10,415Additional noninterest expense
  • $20,961Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,853Applicable income taxes
  • $14,108Income before extraordinary items
  • $0Extraordinary gains - net
  • $14,108Net income attributable to bank
  • $0Net charge-offs
  • $14,108Cash dividends
  • $9,033Sale, conversion, retirement of capital stock, net
  • $1,484Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.88%Cost of funding earning assets
  • 4.23%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 2.57%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.18%Return on assets (ROA)
  • 1.75%Pretax return on assets
  • 12.10%Return on equity (ROE)
  • 10.83%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 76.66%Credit loss provision to net charge-offs
  • 3.09%Efficiency ratio
  • 50,538Assets per employee
  • 4.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 10.52%Loss allowance to loans
  • 1.96%Loss allowance to noncurrent loans
  • 162.25%Noncurrent assets plus other real estate owned to assets
  • 1.41%Noncurrent loans to loans
  • 1.21%Net loans and leases to deposits
  • 82.11%Net loans and leases to core deposits
  • 98.84%Equity capital to assets
  • 10.02%Core capital (leverage) ratio
  • 10.14%Tier 1 risk-based capital ratio
  • 15.46%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $1,198,086Average earning assets
  • $116,559Average equity
  • $1,120,183Average 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
  • $141,059Managed Assets
  • 1Number of Accounts
  • $125,462Personal trust and agency accounts
  • $60,144Employee benefit-defined contribution accounts
  • $1,423Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $15,080Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $48,815Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 279Number of Accounts
  • $0Personal trust and agency accounts
  • $14,797Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $15,597Other retirement accounts
  • $16Corporate trust and agency accounts
  • $15,147Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 4 Tennessee Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    956239Johnson City Branch1185 North State Of Franklin Road, Johnson City, TN 37604December 05, 1995Full Service Brick and Mortar
    10290384Volunteer Parkway Branch1314 Volunteer Parkway, Bristol, TN 37620June 09, 1997Full Service Brick and Mortar
    11357107Gray Office Branch2100 Forest Drive, Gray, TN 37615March 15, 2000Full Service Brick and Mortar
    12364442Kingsport Branch1108 East Stone Drive, Kingsport, TN 37660April 08, 2002Full Service Brick and Mortar
  • 17 Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016025The First Bank And Trust Company359 West Main Street, Lebanon, VA 24266August 03, 1979Full Service Brick and Mortar
    1255590Abingdon Branch667 West Main Street, Abingdon, VA 24210November 15, 1984Full Service Brick and Mortar
    2255591East Bristol Branch38 East Valley Drive, Bristol, VA 24201Febuary 03, 1990Full Service Brick and Mortar
    3255592State Street Branch1419 West State Street, Bristol, VA 24201September 13, 1993Full Service Brick and Mortar
    4255593East Abingdon Branch933 East Main Street, Abingdon, VA 24210July 08, 1993Full Service Brick and Mortar
    5255594East Lebanon Branch2030 East Main Street, Lebanon, VA 24266August 14, 1997Full Service Brick and Mortar
    7356996Staunton Branch1030 Richmond Road, Staunton, VA 24401May 30, 2000Full Service Brick and Mortar
    8362166Harrisonburg Branch396 South High Street, Harrisonburg, VA 22801April 04, 2001Full Service Brick and Mortar
    1317137Wise Branch303 West Main Street, Wise, VA 24293September 15, 1983Full Service Brick and Mortar
    14257584Park Avenue Branch1026 Park Avenue, Norton, VA 24273June 08, 1994Full Service Brick and Mortar
    16441779Verona Branch1563 Commerce Road, Verona, VA 24482November 08, 2004Full Service Brick and Mortar
    17441780Wytheville Branch1290 N. 4th Street, Wytheville, VA 24382April 18, 2005Full Service Brick and Mortar
    18441781East Harrisonburg Branch1880 East Market Street, Harrisonburg, VA 22801June 01, 2005Full Service Brick and Mortar
    19452403Lynchburg Branch101 Annjo Court, Forest, VA 24551March 01, 2006Limited Service Administrative
    21458865Christiansburg Branch150 Peppers Ferry Road, Ne, Christiansburg, VA 24073January 30, 2007Full Service Brick and Mortar
    22474352Waynesboro Branch851 Lew Dewitt Boulevard, Waynesboro, VA 22980April 23, 2008Full Service Brick and Mortar
    23478570Mortgage Office Branch1063 Old Abingdon Highway, Bristol, VA 24201Febuary 01, 2008Limited Service Administrative

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