Yadkin Valley Bank and Trust Company in Elkin, North Carolina (NC), SC



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Yadkin Valley Bank and Trust Company
GeneralFDIC 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
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal 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)
Total employees (full-time equivalent)456
Total assets$1,990,951
Cash and due from depository institutions$92,921
Interest-bearing balances$52,128
Securities$330,368
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,437,610
Loan loss allowance $32,847
Trading account assets$0
Bank premises and fixed assets$43,465
Other real estate owned$24,966
Goodwill and other intangibles$5,604
All other assets$56,017
Life insurance assets$1,990,951
Total liabilities and capital$1,821,298
Total liabilities$1,738,138
Total deposits$1,508,243
Interest-bearing deposits$1,738,138
Deposits held in domestic offices$87
% insured (estimated)42864.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$30,031
Other borrowed funds $0
Subordinated debt $10,265
All other liabilities $169,653
Total equity capital$169,653
Total bank equity capital$169,653
Perpetual preferred stock$0
Common stock$10,648
Surplus$193,227
Undivided profits $-34,222
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $19,534
Income earned, not collected on loans $70,069
Earning assets $0
Long-term assets (5+ years) $6,745
Average Assets, year-to-date $1,820,106
Average Assets, quarterly $316,115
Volatile liabilities $2,128,143
Insider loans $2,017,933
FHLB advances $1,582,244
Loans and leases held for sale $2,023,645
Unused loan commitments $25,934
Tier 1 (core) risk-based capital $4,917
Tier 2 risk-based capital $161,790
Total risk weighted assets $0
Total unused commitments $21,017
Restructured Loans and leases $261,758
Derivatives$15,784
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $89,156
Total interest expense $25,097
Net interest income $64,059
Provision for loan and lease losses $20,843
Total noninterest income $10,115
Fiduciary activities $0
Service charges on deposit accounts $5,894
Trading account gains & fees $0
Additional noninterest income $4,221
Total noninterest expense $62,983
Salaries and employee benefits $28,244
Premises and equipment expense $9,063
Additional noninterest expense $25,676
Pre-tax net operating income -$9,652
Securities gains (losses) $2,835
Applicable income taxes $6,694
Income before extraordinary items -$13,511
Extraordinary gains - net $0
Net income attributable to bank -$13,511
Net charge-offs $0
Cash dividends -$13,511
Sale, conversion, retirement of capital stock, net $25,748
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 assets4.57%
Cost of funding earning assets 1.29%
Net interest margin 3.28%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 3.23%
Net operating income to assets -0.77%
Return on assets (ROA) -0.63%
Pretax return on assets -0.32%
Return on equity (ROE) -7.88%
Retained earnings to average equity (YTD only) -7.88%
Net charge-offs to loans 1.67%
Credit loss provision to net charge-offs 80.95%
Efficiency ratio0.43%
Assets per employee$83,330
Cash dividends to net income (YTD only)4.37%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 2.23%
Noncurrent assets plus other real estate owned to assets 46.88%
Noncurrent loans to loans 4.77%
Net loans and leases to deposits4.77%
Net loans and leases to core deposits 82.71%
Equity capital to assets 87.34%
Core capital (leverage) ratio 8.52%
Tier 1 risk-based capital ratio 7.99%
Total risk-based capital ratio 10.23%
Memoranda
Average assets$11
Average earning assets$2,128,143
Average equity $171,377
Average loans $1,952,897
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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
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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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