Yadkin Valley Bank and Trust Company in Elkin, North Carolina (NC), SC
Overview, Financial Summary, Detailed Financial Reports, Branches


Yadkin Valley Bank and Trust Company - Overview

  • General
  • FDIC Certificate #: 19861
    Status: Active
    Federal Reserve ID: 282329
    Bank Holding Company (Regulatory Top Holder): Yadkin Valley Financial Corporation (RSSDID: 3432965, Location: Elkin, NC)
    Date Established: October 16, 1968
    WWW: http://www.yadkinvalleybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 39 (Domestic: 39, Interstate: Yes)
    OTS Docket #: 12580
    FDIC's unique #: 13652
    Numeric code: 21
    Regulator: FDIC
    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: October 16, 1968
    Last Structure Change Effective Date: April 17, 2009
    Last Structure Change Process Date: May 19, 2009
    Last Data Update: May 19, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 110 West Market Street, Elkin, NC 28621
    County: Surry
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Charlotte
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
    Combined Statistical Area (CSA): Greensboro-Winston-Salem-High Point, NC (#268)
    Core Based Statistical Area (CBSA): Mount Airy, NC (#34340)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,991.0 mil
    Equity capital: $169.7 mil
    Deposits held in domestic offices: $1,738.1 mil
    Return on assets (ROA): -0.63% (-$12.5 mil)
    Quarterly return on assets: 0.61% ($12.1 mil)
    Return on Equity (ROE): -7.88% (-$13.4 mil)
    Quarterly return on equity: 7.35% ($12.5 mil)
    Net income: -$13.5 mil
    Quarterly Net income: $3.1 mil
    Pretax return on assets: -0.32% (-$6,371.0 mil)
    Quarterly Pretax return on assets: 0.57% ($11,348.4 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
  • 456Total employees (full-time equivalent)
  • $1,990,951Total assets
  • $92,921Cash and due from depository institutions
  • $52,128Interest-bearing balances
  • $330,368Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,437,610Net loans & leases
  • $32,847Loan loss allowance
  • $0Trading account assets
  • $43,465Bank premises and fixed assets
  • $24,966Other real estate owned
  • $5,604Goodwill and other intangibles
  • $1,990,951Life insurance assets
  • $56,017All other assets
  • $1,821,298Total liabilities and capital
  • $1,738,138Total liabilities
  • $1,508,243Total deposits
  • $1,738,138Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 42864.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,031Trading liabilities
  • $0Other borrowed funds
  • $10,265Subordinated debt
  • $169,653All other liabilities
  • $169,653Total equity capital
  • $169,653Total bank equity capital
  • $0Perpetual preferred stock
  • $10,648Common stock
  • $193,227Surplus
  • $-34,222Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $19,534Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $70,069Income earned, not collected on loans
  • $0Earning assets
  • $6,745Long-term assets (5+ years)
  • $1,820,106Average Assets, year-to-date
  • $316,115Average Assets, quarterly
  • $2,128,143Volatile liabilities
  • $2,017,933Insider loans
  • $1,582,244FHLB advances
  • $2,023,645Loans and leases held for sale
  • $25,934Unused loan commitments
  • $4,917Tier 1 (core) risk-based capital
  • $161,790Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $21,017Total unused commitments
  • $261,758Restructured Loans and leases
  • $15,784Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $89,156Total interest income
  • $25,097Total interest expense
  • $64,059Net interest income
  • $20,843Provision for loan and lease losses
  • $10,115Total noninterest income
  • $0Fiduciary activities
  • $5,894Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,221Additional noninterest income
  • $62,983Total noninterest expense
  • $28,244Salaries and employee benefits
  • $9,063Premises and equipment expense
  • $25,676Additional noninterest expense
  • -$9,652Pre-tax net operating income
  • $2,835Securities gains (losses)
  • $6,694Applicable income taxes
  • -$13,511Income before extraordinary items
  • $0Extraordinary gains - net
  • -$13,511Net income attributable to bank
  • $0Net charge-offs
  • -$13,511Cash dividends
  • $25,748Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.57%Yield on earning assets
  • 1.29%Cost of funding earning assets
  • 3.28%Net interest margin
  • 0.52%Noninterest income to earning assets
  • 3.23%Noninterest expense to earning assets
  • -0.77%Net operating income to assets
  • -0.63%Return on assets (ROA)
  • -0.32%Pretax return on assets
  • -7.88%Return on equity (ROE)
  • -7.88%Retained earnings to average equity (YTD only)
  • 1.67%Net charge-offs to loans
  • 80.95%Credit loss provision to net charge-offs
  • 0.43%Efficiency ratio
  • 83,330Assets per employee
  • 4.37%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.23%Loss allowance to noncurrent loans
  • 46.88%Noncurrent assets plus other real estate owned to assets
  • 4.77%Noncurrent loans to loans
  • 4.77%Net loans and leases to deposits
  • 82.71%Net loans and leases to core deposits
  • 87.34%Equity capital to assets
  • 8.52%Core capital (leverage) ratio
  • 7.99%Tier 1 risk-based capital ratio
  • 10.23%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,128,143Average earning assets
  • $171,377Average equity
  • $1,952,897Average loans

List of branches

  • 35 North Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013652Yadkin Valley Bank And Trust Company110 West Market Street, Elkin, NC 28621October 16, 1968Full Service Brick and Mortar
    1249695Jonesville Branch101-107 North Bridge Street, Jonesville, NC 28642June 23, 1971Full Service Brick and Mortar
    3249697North Wilkesboro Branch1404 West D Street, North Wilkesboro, NC 28659August 01, 1984Full Service Brick and Mortar
    4249698Jefferson Branch709 East Main Street, Jefferson, NC 28640September 15, 1986Full Service Brick and Mortar
    6249700Elkin Branch1318 North Bridge Street, Elkin, NC 28621August 14, 1989Full Service Brick and Mortar
    7249701Wilkesboro Branch301 West Main Street, Wilkesboro, NC 28697November 06, 1991Full Service Brick and Mortar
    8287840Elkin Branch290 North Bridge Street, Elkin, NC 28621June 30, 1986Limited Service Loan Production
    9249702East Bend Branch117 Pauline Street, East Bend, NC 27018August 01, 1997Full Service Brick and Mortar
    1157201Piedmont Bank Branch325 East Front Street, Statesville, NC 28677July 01, 1997Full Service Brick and Mortar
    12290622Mooresville Branch165 Williamson Road, Mooresville, NC 28115June 08, 1998Full Service Brick and Mortar
    13290623Statesville Branch127 North Cross Lane, Statesville, NC 28625September 14, 1998Full Service Brick and Mortar
    14358881Cornelius W. Catawba Branch19525 W. Catawba Avenue, Cornelius, NC 28031October 12, 2000Full Service Brick and Mortar
    15358886Huntersville Branch100 North Statesville Road, Huntersville, NC 28078October 06, 2000Full Service Brick and Mortar
    16358888Mooresville Plaza Branch520 East Plaza Drive, Mooresville, NC 28115October 10, 2000Full Service Brick and Mortar
    1761927High Country Bank Branch149 Jefferson Road, Boone, NC 28607November 30, 1998Full Service Brick and Mortar
    19360978Blowing Rock Road Branch2111 Blowing Rock Road, Boone, NC 28607November 15, 2000Full Service Brick and Mortar
    21364092Mt. Jefferson Branch1448 Mt. Jefferson Road, West Jefferson, NC 28694November 01, 2001Full Service Brick and Mortar
    23429533Downtown Boone Branch783 West King Street, Ste A, Boone, NC 28607April 05, 2004Full Service Brick and Mortar
    25443330Yadkinville Branch104 Progress Lane, Yadkinville, NC 27055December 27, 2004Full Service Brick and Mortar
    26444037Linville Village Branch3618 Mitchell Avenue, Linville, NC 28646August 04, 2005Full Service Brick and Mortar
    27444332Medical Park Road Office197 Medical Park Road, Mooresville, NC 28117September 06, 2005Full Service Brick and Mortar
    28446329Highway 64 Office3475 East Broad Street, Statesville, NC 28625January 10, 2006Full Service Brick and Mortar
    29457865Messenger Service516 Hawthorne Drive, Yadkinville, NC 27055December 20, 2005Limited Service Messenger
    31359001Cardinal State Bank Branch3400 Westgate Drive, Durham, NC 27707June 27, 2001Full Service Brick and Mortar
    32418992Homestead Market Branch5309 Highgate Drive, Durham, NC 27713April 21, 2003Full Service Brick and Mortar
    33419218Independence Park Branch115 East Carver Street, Durham, NC 27704May 01, 2003Full Service Brick and Mortar
    35474331Creedmoor Main Street Branch405 N. Main Street, Creedmoor, NC 27522April 15, 2008Full Service Brick and Mortar
    37479848Hillsborough-Main Branch237 South Churton, Hillsborough, NC 27278May 15, 2008Full Service Brick and Mortar
    3861930American Community Bank Branch2593 West Roosevelt Boulevard, Monroe, NC 28110November 16, 1998Full Service Brick and Mortar
    40290839Indian Trail Branch13860 East Independence Boulevard, Indian Trail, NC 28079June 01, 1999Full Service Brick and Mortar
    41357377Marshville Branch7001 East Marshville Blvd., Marshville, NC 28103March 06, 2000Full Service Brick and Mortar
    43357728Matthews-Mint Hill Branch4335 Matthews-Mint Hill Road, Charlotte, NC 28227August 21, 2000Full Service Brick and Mortar
    44362108Mt. Island Branch3500 Mt. Holly-Huntersville Road, Charlotte, NC 28216January 08, 2001Full Service Brick and Mortar
    45419491Southpark Branch4500 Cameron Valley Parkway, Charlotte, NC 28211March 03, 2003Full Service Brick and Mortar
    49441329Southend Branch2140 South Boulevard, Charlotte, NC 28203June 23, 2005Full Service Brick and Mortar
  • 4 South Carolina Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    4656996Gaffney Main Branch217 North Granard Street, Gaffney, SC 29340October 18, 1996Full Service Brick and Mortar
    47290488Blacksburg Branch207 West Cherokee Street, Blacksburg, SC 29702October 21, 1996Full Service Brick and Mortar
    48362529State Highway 11 Branch626 Chesnee Highway, Gaffney, SC 29341August 09, 2001Full Service Brick and Mortar
    50441784Tega Cay Office Branch1738 Gold Hill Road, Tega Cay, SC 29708June 17, 2005Full Service Brick and Mortar

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