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


  • The National Bank of Blacksburg in Blacksburg, Virginia (VA)
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The National Bank of Blacksburg - Overview

  • General
  • FDIC 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
    WWW: http://www.nbbank.com
    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
  • Location
  • Address: 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 Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total 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
  • 194Total employees (full-time equivalent)
  • $1,063,754Total assets
  • $110,251Cash and due from depository institutions
  • $98,355Interest-bearing balances
  • $313,834Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $583,025Net loans & leases
  • $8,510Loan loss allowance
  • $0Trading account assets
  • $9,961Bank premises and fixed assets
  • $1,489Other real estate owned
  • $10,459Goodwill and other intangibles
  • $1,063,754Life insurance assets
  • $34,735All other assets
  • $925,150Total liabilities and capital
  • $919,444Total liabilities
  • $777,170Total deposits
  • $919,444Interest-bearing deposits
  • $78Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $5,706Subordinated debt
  • $138,604All other liabilities
  • $138,604Total equity capital
  • $138,604Total bank equity capital
  • $0Perpetual preferred stock
  • $683Common stock
  • $2,370Surplus
  • $135,551Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,623Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,737Income earned, not collected on loans
  • $0Earning assets
  • $6,286Long-term assets (5+ years)
  • $995,214Average Assets, year-to-date
  • $437,089Average Assets, quarterly
  • $1,035,072Volatile liabilities
  • $1,051,193Insider loans
  • $667,117FHLB advances
  • $1,032,331Loans and leases held for sale
  • $20,035Unused loan commitments
  • $17,848Tier 1 (core) risk-based capital
  • $128,864Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,187Total unused commitments
  • $130,369Restructured Loans and leases
  • $4,379Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $49,598Total interest income
  • $9,183Total interest expense
  • $40,415Net interest income
  • $2,949Provision for loan and lease losses
  • $7,857Total noninterest income
  • $1,089Fiduciary activities
  • $2,144Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,624Additional noninterest income
  • $22,001Total noninterest expense
  • $9,912Salaries and employee benefits
  • $1,782Premises and equipment expense
  • $10,307Additional noninterest expense
  • $23,322Pre-tax net operating income
  • -$14Securities gains (losses)
  • $5,362Applicable income taxes
  • $17,946Income before extraordinary items
  • $0Extraordinary gains - net
  • $17,946Net income attributable to bank
  • $0Net charge-offs
  • $17,946Cash dividends
  • $2,103Sale, conversion, retirement of capital stock, net
  • $7,258Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.13%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 4.18%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 2.28%Noninterest expense to earning assets
  • 1.73%Net operating income to assets
  • 1.73%Return on assets (ROA)
  • 2.25%Pretax return on assets
  • 13.43%Return on equity (ROE)
  • 8.00%Retained earnings to average equity (YTD only)
  • 0.36%Net charge-offs to loans
  • 140.23%Credit loss provision to net charge-offs
  • 12.49%Efficiency ratio
  • 43,334Assets per employee
  • 5.48%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 40.44%Loss allowance to loans
  • 1.44%Loss allowance to noncurrent loans
  • 179.65%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 63.41%Net loans and leases to core deposits
  • 66.28%Equity capital to assets
  • 13.03%Core capital (leverage) ratio
  • 12.48%Tier 1 risk-based capital ratio
  • 19.32%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $1,035,072Average earning assets
  • $133,647Average equity
  • $966,696Average 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
  • $166,424Managed Assets
  • 1Number of Accounts
  • $155,873Personal trust and agency accounts
  • $78,116Employee benefit-defined contribution accounts
  • $3,345Employee benefit-defined benefit accounts
  • $13,326Other retirement accounts
  • $14,055Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $47,031Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 446Number of Accounts
  • $0Personal trust and agency accounts
  • $14,055Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $10,551Other retirement accounts
  • $0Corporate trust and agency accounts
  • $8,315Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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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