The National Bank of Blacksburg in Blacksburg, Virginia (VA)

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The National Bank of Blacksburg
GeneralFDIC Certificate #: 6821
Status: Active
Federal Reserve ID: 754929
Bank Holding Company (Regulatory Top Holder): National Bankshares, Inc. (RSSDID: 1139925, Location: Blacksburg, VA)
Date Established: January 01, 1891
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 25 (Domestic: 25, Interstate: No)
FDIC's unique #: 4586
Numeric code: 3
Regulator: OCC
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: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: May 26, 2006
Last Structure Change Process Date: June 01, 2006
Last Data Update: June 01, 2006
Data Source Date: April 05, 2012
LocationAddress: 100 South Main Street, Blacksburg, VA 24060
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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $1,063.8 mil
Equity capital: $138.6 mil
Deposits held in domestic offices: $919.4 mil
Return on assets (ROA): 1.73% ($18.4 mil)
Quarterly return on assets: 1.88% ($20.0 mil)
Return on Equity (ROE): 13.43% ($18.7 mil)
Quarterly return on equity: 14.22% ($19.8 mil)
Net income: $17.9 mil
Quarterly Net income: $4.9 mil
Pretax return on assets: 2.25% ($23,934.5 mil)
Quarterly Pretax return on assets: 2.47% ($26,274.7 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)
Total employees (full-time equivalent)194
Total assets$1,063,754
Cash and due from depository institutions$110,251
Interest-bearing balances$98,355
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$583,025
Loan loss allowance $8,510
Trading account assets$0
Bank premises and fixed assets$9,961
Other real estate owned$1,489
Goodwill and other intangibles$10,459
All other assets$34,735
Life insurance assets$1,063,754
Total liabilities and capital$925,150
Total liabilities$919,444
Total deposits$777,170
Interest-bearing deposits$919,444
Deposits held in domestic offices$78
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $5,706
All other liabilities $138,604
Total equity capital$138,604
Total bank equity capital$138,604
Perpetual preferred stock$0
Common stock$683
Undivided profits $135,551
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $2,623
Income earned, not collected on loans $4,737
Earning assets $0
Long-term assets (5+ years) $6,286
Average Assets, year-to-date $995,214
Average Assets, quarterly $437,089
Volatile liabilities $1,035,072
Insider loans $1,051,193
FHLB advances $667,117
Loans and leases held for sale $1,032,331
Unused loan commitments $20,035
Tier 1 (core) risk-based capital $17,848
Tier 2 risk-based capital $128,864
Total risk weighted assets $0
Total unused commitments $2,187
Restructured Loans and leases $130,369
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $49,598
Total interest expense $9,183
Net interest income $40,415
Provision for loan and lease losses $2,949
Total noninterest income $7,857
Fiduciary activities $1,089
Service charges on deposit accounts $2,144
Trading account gains & fees $0
Additional noninterest income $4,624
Total noninterest expense $22,001
Salaries and employee benefits $9,912
Premises and equipment expense $1,782
Additional noninterest expense $10,307
Pre-tax net operating income $23,322
Securities gains (losses) -$14
Applicable income taxes $5,362
Income before extraordinary items $17,946
Extraordinary gains - net $0
Net income attributable to bank $17,946
Net charge-offs $0
Cash dividends $17,946
Sale, conversion, retirement of capital stock, net $2,103
Net operating income $7,258
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.13%
Cost of funding earning assets 0.95%
Net interest margin 4.18%
Noninterest income to earning assets 0.81%
Noninterest expense to earning assets 2.28%
Net operating income to assets 1.73%
Return on assets (ROA) 1.73%
Pretax return on assets 2.25%
Return on equity (ROE) 13.43%
Retained earnings to average equity (YTD only) 8.00%
Net charge-offs to loans 0.36%
Credit loss provision to net charge-offs 140.23%
Efficiency ratio12.49%
Assets per employee$43,334
Cash dividends to net income (YTD only)5.48%
Condition Ratios (%)
Loss allowance to loans 40.44%
Loss allowance to noncurrent loans 1.44%
Noncurrent assets plus other real estate owned to assets 179.65%
Noncurrent loans to loans 0.59%
Net loans and leases to deposits0.80%
Net loans and leases to core deposits 63.41%
Equity capital to assets 66.28%
Core capital (leverage) ratio 13.03%
Tier 1 risk-based capital ratio 12.48%
Total risk-based capital ratio 19.32%
Average assets$21
Average earning assets$1,035,072
Average equity $133,647
Average loans $966,696
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$166,424
Number of Accounts1
Personal trust and agency accounts$155,873
Employee benefit-defined contribution accounts$78,116
Employee benefit-defined benefit accounts$3,345
Other retirement accounts$13,326
Corporate trust and agency accounts$14,055
Investment management agency accounts$0
Other fiduciary accounts$47,031
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts446
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$14,055
Employee benefit-defined benefit accounts$0
Other retirement accounts$10,551
Corporate trust and agency accounts$0
Other fiduciary accounts$8,315
Fiduciary accounts held in foreign offices$0
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25 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04586The National Bank Of Blacksburg100 South Main Street, Blacksburg, VA 24060January 01, 1891Full Service Brick and Mortar
1212266North Branch900 North Main Street, Blacksburg, VA 24060July 17, 1968Full Service Brick and Mortar
2212267Hethwood Branch900 Hethwood Boulevard, Blacksburg, VA 24060September 03, 1974Full Service Brick and Mortar
3212268South Main Branch3600 South Main Street, Blacksburg, VA 24060September 07, 1984Full Service Brick and Mortar
7212272Pearisburg Branch201 Main Street, Pearisburg, VA 24134May 12, 1989Full Service Brick and Mortar
8212273Hubbard Street Branch101 Hubbard Street, Blacksburg, VA 24060August 28, 1989Full Service Brick and Mortar
9212274Market Place Branch120 Peppers Ferry Road, N.E., Christiansburg, VA 24073October 02, 1989Full Service Brick and Mortar
10212897Pembroke BranchSnidow Street And State Highway 27, Pembroke, VA 24136August 01, 1932Full Service Brick and Mortar
11212275Rich Creek Branch370 Virginia Avenue, Rich Creek, VA 24147April 18, 1997Full Service Brick and Mortar
12263663Galax Branch506 East Stuart Drive, Galax, VA 24333June 30, 1987Full Service Brick and Mortar
132636442001 Norwood Street Branch2001 Norwood Street, Radford, VA 24143January 01, 1920Full Service Brick and Mortar
1441631250 N Washington Avenue Branch250 N Washington Avenue, Pulaski, VA 24301January 01, 1919Full Service Brick and Mortar
15263643Us Route 11 BranchU.S.route 11, Dublin, VA 24084January 01, 1920Full Service Brick and Mortar
16430076Memorial Drive Branch900 Memorial Drive, Pulaski, VA 24301August 29, 1994Full Service Brick and Mortar
17430097Christiansburg Branch46 North Franklin Street, Christiansburg, VA 24073July 27, 2003Full Service Brick and Mortar
18523Tazewell Main Street Branch309 East Main Street, Tazewell, VA 24651September 01, 1889Full Service Brick and Mortar
19186111Bluefield Branch511 Virginia Avenue, Bluefield, VA 24605July 01, 1964Full Service Brick and Mortar
20186112Westgate Branch2070 Leatherwood Lane, Bluefield, VA 24605July 20, 1964Full Service Brick and Mortar
21186114Fourway Shopping Plaza BranchFourway Shopping Center, North Tazewell, VA 24630July 15, 1974Full Service Brick and Mortar
23186116Cumberland Park Branch604 Market Street, North Tazewell, VA 24630July 01, 1994Full Service Brick and Mortar
24263635Abingdon Branch968 West Main Street, Abingdon, VA 24210January 01, 1920Full Service Brick and Mortar
25263633303 South Commerce Street Branch303 South Commerce Street, Marion, VA 24354January 01, 1920Full Service Brick and Mortar
26263660185 E. Main Street Branch185 E. Main Street, Wytheville, VA 24382June 30, 1987Full Service Brick and Mortar
27360939Richlands Branch1905 Front St., Richlands, VA 24641August 11, 2000Full Service Brick and Mortar
28431471Claypool Hill Branch1155 Claypool Hill Mall Rd., Cedar Bluff, VA 24609September 26, 2003Full Service Brick and Mortar
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