Bank of Powhatan, N.A. in city_name, state_name - Detailed Financial Reports, Location

Bank of Powhatan, N.A. in Powhatan, Virginia (VA)
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Bank of Powhatan, N.A. - Overview

General
FDIC Certificate #: 35346
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Transcommunity Bank, National Association (#57309)
Federal Reserve ID: 2897503
Date Established: March 20, 2000
WWW: http://www.bankofpowhatan.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 78807
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: March 20, 2000
Last Structure Change Effective Date: June 30, 2007
Last Structure Change Process Date: July 11, 2007
Last Data Update: July 11, 2007
Data Source Date: April 05, 2012
Location
Address: 2320 Anderson Highway, Powhatan, VA 23139
County: Powhatan
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): Richmond-Petersburg, VA (#6760)
Core Based Statistical Area (CBSA): Richmond, VA (#40060)
CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $68.9 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, 2006)

Dollar figures in thousands
18Total employees (full-time equivalent)
$70,738Total assets
$1,578Cash and due from depository institutions
$0Interest-bearing balances
$10,179Securities
$0Federal funds sold & reverse repurchase agreements
$56,966Net loans & leases
$900Loan loss allowance
$0Trading account assets
$1,341Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$674All other assets
$70,738Total liabilities and capital
$63,169Total liabilities
$60,917Total deposits
$51,619Interest-bearing deposits
$60,917Deposits held in domestic offices
0.00%% insured (estimated)
$1,517Federal funds purchased & repurchase agreements
$0Trading liabilities
$500Other borrowed funds
$0Subordinated debt
$235All other liabilities
$7,569Total equity capital
$7,569Total bank equity capital
$7,569Perpetual preferred stock
$0Common stock
$1,677Surplus
$4,938Undivided profits
Memoranda
$954Noncurrent loans and leases
$19,586Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$652Earning assets
$0Long-term assets (5+ years)
$415Average Assets, year-to-date
$67,145Average Assets, quarterly
$5,051Volatile liabilities
$70,927Insider loans
$70,645FHLB advances
$14,743Loans and leases held for sale
$931Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$19,586Total unused commitments
$0Restructured Loans and leases
$830Derivatives

Income and Expense (December 31, 2006)

Dollar figures in thousands
$5,205Total interest income
$1,840Total interest expense
$3,365Net interest income
$276Provision for loan and lease losses
$2,302Total noninterest income
$0Fiduciary activities
$267Service charges on deposit accounts
$0Trading account gains & fees
$2,035Additional noninterest income
$4,873Total noninterest expense
$2,868Salaries and employee benefits
$507Premises and equipment expense
$1,498Additional noninterest expense
$518Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$518Income before extraordinary items
$0Extraordinary gains - net
$518Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$153Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2006)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.81%Yield on earning assets
2.76%Cost of funding earning assets
5.05%Net interest margin
3.45%Noninterest income to earning assets
7.31%Noninterest expense to earning assets
0.73%Net operating income to assets
0.73%Return on assets (ROA)
0.73%Pretax return on assets
7.11%Return on equity (ROE)
7.11%Retained earnings to average equity (YTD only)
0.28%Net charge-offs to loans
180.39%Credit loss provision to net charge-offs
5.19%Efficiency ratio
85,989Assets per employee
3.93%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
138.04%Noncurrent assets plus other real estate owned to assets
0.92%Noncurrent loans to loans
1.13%Net loans and leases to deposits
93.51%Net loans and leases to core deposits
119.45%Equity capital to assets
10.70%Core capital (leverage) ratio
10.77%Tier 1 risk-based capital ratio
11.59%Total risk-based capital ratio
Memoranda
$13Average assets
$70,927Average earning assets
$7,289Average equity
$66,642Average loans

Total Fiduciary and Related Assets (December 31, 2004)

Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$348Managed Assets
1Number of Accounts
$348Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$152Corporate trust and agency accounts
$0Investment management agency accounts
$196Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
3Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices

Taylor McClenny

⚠

Jan 30, 2024 @ 10:10 am

I purchased Bank of Powhatan as an IPO in 2000. I have no correspondence with them in several years. I am trying to locate my shares.

Bank of Powhatan, N.A. in Powhatan, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Powhatan, N.A. - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Total Fiduciary and Related Assets (December 31, 2004)

Comment about this bank, ask questions, or add new information about it:

Bank of Powhatan, N.A. in Powhatan, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Powhatan, N.A. - Overview

Assets and Liabilities (December 31, 2006)

Income and Expense (December 31, 2006)

Performance and Condition Ratios (December 31, 2006)

Total Fiduciary and Related Assets (December 31, 2004)

Comment about this bank, ask questions, or add new information about it:

Bank of Powhatan, N.A. in Powhatan, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches