Virginia Bank and Trust Company in Danville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches


Virginia Bank and Trust Company - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 70Total employees (full-time equivalent)
  • $165,712Total assets
  • $19,295Cash and due from depository institutions
  • $15,232Interest-bearing balances
  • $16,169Securities
  • $900Federal funds sold & reverse repurchase agreements
  • $121,117Net loans & leases
  • $1,017Loan loss allowance
  • $0Trading account assets
  • $3,440Bank premises and fixed assets
  • $1,377Other real estate owned
  • $0Goodwill and other intangibles
  • $165,712Life insurance assets
  • $3,414All other assets
  • $141,834Total liabilities and capital
  • $139,191Total liabilities
  • $98,835Total deposits
  • $139,191Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,643Subordinated debt
  • $23,878All other liabilities
  • $23,878Total equity capital
  • $23,878Total bank equity capital
  • $0Perpetual preferred stock
  • $3,136Common stock
  • $9,293Surplus
  • $11,449Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $164Income earned, not collected on loans
  • $0Earning assets
  • $659Long-term assets (5+ years)
  • $153,418Average Assets, year-to-date
  • $13,395Average Assets, quarterly
  • $163,132Volatile liabilities
  • $165,232Insider loans
  • $115,540FHLB advances
  • $165,026Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $25,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $21,469Restructured Loans and leases
  • $2,604Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $7,753Total interest income
  • $781Total interest expense
  • $6,972Net interest income
  • $216Provision for loan and lease losses
  • $1,948Total noninterest income
  • $0Fiduciary activities
  • $1,281Service charges on deposit accounts
  • $0Trading account gains & fees
  • $667Additional noninterest income
  • $6,065Total noninterest expense
  • $3,607Salaries and employee benefits
  • $728Premises and equipment expense
  • $1,730Additional noninterest expense
  • $2,639Pre-tax net operating income
  • $72Securities gains (losses)
  • $927Applicable income taxes
  • $1,784Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,784Net income attributable to bank
  • $0Net charge-offs
  • $1,784Cash dividends
  • $74Sale, conversion, retirement of capital stock, net
  • $1,625Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.51%Cost of funding earning assets
  • 4.60%Net interest margin
  • 1.28%Noninterest income to earning assets
  • 4.00%Noninterest expense to earning assets
  • 1.06%Net operating income to assets
  • 1.09%Return on assets (ROA)
  • 1.66%Pretax return on assets
  • 7.43%Return on equity (ROE)
  • 0.66%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 291.89%Credit loss provision to net charge-offs
  • 38.58%Efficiency ratio
  • 67,993Assets per employee
  • 2.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.09%Loss allowance to loans
  • 0.83%Loss allowance to noncurrent loans
  • 620.12%Noncurrent assets plus other real estate owned to assets
  • 0.93%Noncurrent loans to loans
  • 0.13%Net loans and leases to deposits
  • 87.01%Net loans and leases to core deposits
  • 87.78%Equity capital to assets
  • 14.41%Core capital (leverage) ratio
  • 15.35%Tier 1 risk-based capital ratio
  • 21.93%Total risk-based capital ratio
  • Memoranda
  • $23Average assets
  • $163,132Average earning assets
  • $24,000Average equity
  • $151,670Average loans

List of branches

  • 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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