Virginia Bank and Trust Company in Danville, Virginia (VA)



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Virginia Bank and Trust Company routing number info

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Virginia Bank and Trust Company
GeneralFDIC Certificate #: 16414
Status: Active
Federal Reserve ID: 723822
Bank Holding Company (Regulatory Top Holder): Virginia Bank Bankshares, Inc. (RSSDID: 2623467, Location: Danville, VA)
Date Established: November 23, 1945
WWW: http://www.vabanktr.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 10589
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: April 30, 1946
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: 336 Main Street, Danville, VA 24541
County: Danville City
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
Metropolitan Statistical Area (MSA): Danville, VA (#1950)
Core Based Statistical Area (CBSA): Danville, VA (#19260)
CBSA Metro Statistical Area: Danville, VA (#19260)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $165.7 mil
Equity capital: $23.9 mil
Deposits held in domestic offices: $139.2 mil
Return on assets (ROA): 1.09% ($1.8 mil)
Quarterly return on assets: 1.21% ($2.0 mil)
Return on Equity (ROE): 7.43% ($1.8 mil)
Quarterly return on equity: 8.31% ($2.0 mil)
Net income: $1.8 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.66% ($2,750.8 mil)
Quarterly Pretax return on assets: 1.85% ($3,065.7 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)70
Total assets$165,712
Cash and due from depository institutions$19,295
Interest-bearing balances$15,232
Securities$16,169
Federal funds sold & reverse repurchase agreements$900
Net loans & leases$121,117
Loan loss allowance $1,017
Trading account assets$0
Bank premises and fixed assets$3,440
Other real estate owned$1,377
Goodwill and other intangibles$0
All other assets$3,414
Life insurance assets$165,712
Total liabilities and capital$141,834
Total liabilities$139,191
Total deposits$98,835
Interest-bearing deposits$139,191
Deposits held in domestic offices$99
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $2,643
All other liabilities $23,878
Total equity capital$23,878
Total bank equity capital$23,878
Perpetual preferred stock$0
Common stock$3,136
Surplus$9,293
Undivided profits $11,449
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 $164
Earning assets $0
Long-term assets (5+ years) $659
Average Assets, year-to-date $153,418
Average Assets, quarterly $13,395
Volatile liabilities $163,132
Insider loans $165,232
FHLB advances $115,540
Loans and leases held for sale $165,026
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $25,339
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $21,469
Derivatives$2,604
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $7,753
Total interest expense $781
Net interest income $6,972
Provision for loan and lease losses $216
Total noninterest income $1,948
Fiduciary activities $0
Service charges on deposit accounts $1,281
Trading account gains & fees $0
Additional noninterest income $667
Total noninterest expense $6,065
Salaries and employee benefits $3,607
Premises and equipment expense $728
Additional noninterest expense $1,730
Pre-tax net operating income $2,639
Securities gains (losses) $72
Applicable income taxes $927
Income before extraordinary items $1,784
Extraordinary gains - net $0
Net income attributable to bank $1,784
Net charge-offs $0
Cash dividends $1,784
Sale, conversion, retirement of capital stock, net $74
Net operating income $1,625
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.11%
Cost of funding earning assets 0.51%
Net interest margin 4.60%
Noninterest income to earning assets 1.28%
Noninterest expense to earning assets 4.00%
Net operating income to assets 1.06%
Return on assets (ROA) 1.09%
Pretax return on assets 1.66%
Return on equity (ROE) 7.43%
Retained earnings to average equity (YTD only) 0.66%
Net charge-offs to loans 0.06%
Credit loss provision to net charge-offs 291.89%
Efficiency ratio38.58%
Assets per employee$67,993
Cash dividends to net income (YTD only)2.37%
Condition Ratios (%)
Loss allowance to loans 91.09%
Loss allowance to noncurrent loans 0.83%
Noncurrent assets plus other real estate owned to assets 620.12%
Noncurrent loans to loans 0.93%
Net loans and leases to deposits0.13%
Net loans and leases to core deposits 87.01%
Equity capital to assets 87.78%
Core capital (leverage) ratio 14.41%
Tier 1 risk-based capital ratio 15.35%
Total risk-based capital ratio 21.93%
Memoranda
Average assets$23
Average earning assets$163,132
Average equity $24,000
Average loans $151,670
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8 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
010589Virginia Bank And Trust Company336 Main Street, Danville, VA 24541November 23, 1945Full Service Brick and Mortar
1238033Kings Fairground Plaza Branch2600 Riverside Drive, Danville, VA 24541April 04, 1973Full Service Brick and Mortar
2238034North Danville Branch3350 North Main Street, Danville, VA 24540December 29, 1983Full Service Brick and Mortar
3238035Airport Drive Branch58 East And Airport Drive, Danville, VA 24541November 30, 1989Full Service Brick and Mortar
4238036Chatham Branch55 North Main Street, Chatham, VA 24531January 02, 1992Full Service Brick and Mortar
5238037Mount Hermon Branch4080 Franklin Turnpike, Danville, VA 24540January 13, 1999Full Service Brick and Mortar
6452330Brosville Office Branch10370 Martinsville Hwy, Danville, VA 24541June 19, 2006Full Service Brick and Mortar
7521475Rustburg Branch1729 Calohan Rd, Rustburg, VA 24588December 02, 2010Full Service Brick and Mortar
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