TruPoint Bank in Grundy, Virginia (VA), TN



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TruPoint Bank routing number info

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TruPoint Bank
GeneralFDIC Certificate #: 21883
Status: Active
Federal Reserve ID: 274829
Bank Holding Company (Regulatory Top Holder): Miners And Merchants Bancorp, Inc. (RSSDID: 2227687, Location: Grundy, VA)
Date Established: January 02, 1975
WWW: http://www.trupointbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 12 (Domestic: 12, Interstate: Yes)
OTS Docket #: 11947
FDIC's unique #: 15162
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: January 02, 1975
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
LocationAddress: 20089 Riverside Drive, Grundy, VA 24614
County: Buchanan
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 ChangesChange in Location
Corrections
Merge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $455.3 mil
Equity capital: $42.4 mil
Deposits held in domestic offices: $395.0 mil
Return on assets (ROA): 0.24% ($1.1 mil)
Quarterly return on assets: 0.75% ($3.4 mil)
Return on Equity (ROE): 2.76% ($1.2 mil)
Quarterly return on equity: 7.94% ($3.3 mil)
Net income: $1.1 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 0.29% ($1,320.5 mil)
Quarterly Pretax return on assets: 1.06% ($4,826.5 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)152
Total assets$455,331
Cash and due from depository institutions$53,776
Interest-bearing balances$39,331
Securities$120,428
Federal funds sold & reverse repurchase agreements$30
Net loans & leases$248,285
Loan loss allowance $6,996
Trading account assets$0
Bank premises and fixed assets$12,161
Other real estate owned$561
Goodwill and other intangibles$2,126
All other assets$17,964
Life insurance assets$455,332
Total liabilities and capital$412,978
Total liabilities$394,959
Total deposits$329,800
Interest-bearing deposits$394,959
Deposits held in domestic offices$86
% insured (estimated)14886.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $3,133
All other liabilities $42,354
Total equity capital$42,354
Total bank equity capital$42,354
Perpetual preferred stock$0
Common stock$918
Surplus$7,628
Undivided profits $33,808
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $25,757
Earning assets $0
Long-term assets (5+ years) $1,861
Average Assets, year-to-date $408,074
Average Assets, quarterly $177,318
Volatile liabilities $468,237
Insider loans $447,946
FHLB advances $241,732
Loans and leases held for sale $437,600
Unused loan commitments $8,340
Tier 1 (core) risk-based capital $8,340
Tier 2 risk-based capital $35,799
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $17,755
Derivatives$811
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $20,181
Total interest expense $4,151
Net interest income $16,030
Provision for loan and lease losses $3,484
Total noninterest income $2,924
Fiduciary activities $0
Service charges on deposit accounts $1,266
Trading account gains & fees $0
Additional noninterest income $1,658
Total noninterest expense $14,574
Salaries and employee benefits $7,271
Premises and equipment expense $1,447
Additional noninterest expense $5,856
Pre-tax net operating income $896
Securities gains (losses) $452
Applicable income taxes $214
Income before extraordinary items $1,134
Extraordinary gains - net $0
Net income attributable to bank $1,134
Net charge-offs $0
Cash dividends $1,134
Sale, conversion, retirement of capital stock, net $4,127
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.76%
Cost of funding earning assets 0.98%
Net interest margin 3.78%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 3.44%
Net operating income to assets 0.16%
Return on assets (ROA) 0.24%
Pretax return on assets 0.29%
Return on equity (ROE) 2.76%
Retained earnings to average equity (YTD only) 2.76%
Net charge-offs to loans 1.53%
Credit loss provision to net charge-offs 84.42%
Efficiency ratio1.06%
Assets per employee$74,201
Cash dividends to net income (YTD only)3.00%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.74%
Noncurrent assets plus other real estate owned to assets 27.16%
Noncurrent loans to loans 5.78%
Net loans and leases to deposits10.09%
Net loans and leases to core deposits 62.86%
Equity capital to assets 65.27%
Core capital (leverage) ratio 9.30%
Tier 1 risk-based capital ratio 8.18%
Total risk-based capital ratio 14.81%
Memoranda
Average assets$16
Average earning assets$468,237
Average equity $41,053
Average loans $423,577
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1 Tennessee Branch as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
9453127Johnson City Branch709 Medtech Pkwy, Johnson City, TN 37604January 23, 2006Full Service Brick and Mortar
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11 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015162Trupoint Bank20089 Riverside Drive, Grundy, VA 24614January 02, 1975Full Service Brick and Mortar
1253680Anchorage Branch1101 Anchorage Shopping Center, Vansant, VA 24656January 19, 1976Full Service Brick and Mortar
2253681Richlands Branch1425 Second Street, Richlands, VA 24641May 08, 1989Full Service Brick and Mortar
3253682Walnut Street Branch1009 Walnut Street, Grundy, VA 24614August 17, 1991Full Service Brick and Mortar
4253683Bristol Branch1897 Lee Highway, Bristol, VA 24201March 01, 1995Full Service Brick and Mortar
5253684West Abingdon Branch914 West Main Street, Abingdon, VA 24210August 14, 1995Full Service Brick and Mortar
6253685Oakwood Branch10881 Riverside Drive, Oakwood, VA 24631March 18, 1996Full Service Brick and Mortar
7212904St. Paul Branch28 Russell Street, St. Paul, VA 24283September 14, 1965Full Service Brick and Mortar
8212891Lebanon Branch116 South East Main St, Lebanon, VA 24266April 27, 1964Full Service Brick and Mortar
10468962Claypool Hill Branch1320 Government Gc Peery Highway, Pounding Mill, VA 24637October 24, 2007Full Service Brick and Mortar
11492704East Abingdon Branch600 East Main Street, Abingdon, VA 24212May 13, 2009Full Service Brick and Mortar
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