FDIC Certificate #: 836 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The National Bank of Blacksburg (#6821) Federal Reserve ID: 844820 Date Established: September 01, 1889 WWW:http://www.banktaz.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 12 (Interstate: No) OTS Docket #: 13231 FDIC's unique #: 523 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: May 26, 2006 Last Structure Change Process Date: June 01, 2006 Last Data Update: June 01, 2006 Data Source Date: April 05, 2012
Location
Address: 309 East Main Street, Tazewell, VA 24651 County: Tazewell 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 Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $343.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
97Total employees (full-time equivalent)
$348,045Total assets
$18,850Cash and due from depository institutions
$7,979Interest-bearing balances
$140,891Securities
$0Federal funds sold & reverse repurchase agreements
$169,060Net loans & leases
$2,464Loan loss allowance
$0Trading account assets
$2,972Bank premises and fixed assets
$376Other real estate owned
$6,992Goodwill and other intangibles
$0Life insurance assets
$8,904All other assets
$348,045Total liabilities and capital
$312,237Total liabilities
$311,016Total deposits
$258,644Interest-bearing deposits
$311,016Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$275Other borrowed funds
$0Subordinated debt
$946All other liabilities
$35,808Total equity capital
$35,808Total bank equity capital
$35,808Perpetual preferred stock
$0Common stock
$2,077Surplus
$1,811Undivided profits
Memoranda
$31,920Noncurrent loans and leases
$17,006Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$432Earning assets
$0Long-term assets (5+ years)
$2,328Average Assets, year-to-date
$317,930Average Assets, quarterly
$159,714Volatile liabilities
$336,950Insider loans
$345,140FHLB advances
$54,500Loans and leases held for sale
$885Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,006Total unused commitments
$0Restructured Loans and leases
$2,464Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$17,840Total interest income
$6,536Total interest expense
$11,304Net interest income
$569Provision for loan and lease losses
$1,593Total noninterest income
$375Fiduciary activities
$1,025Service charges on deposit accounts
$0Trading account gains & fees
$193Additional noninterest income
$8,199Total noninterest expense
$3,684Salaries and employee benefits
$814Premises and equipment expense
$3,701Additional noninterest expense
$4,129Pre-tax net operating income
$41Securities gains (losses)
$643Applicable income taxes
$3,527Income before extraordinary items
$0Extraordinary gains - net
$3,527Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$536Sale, conversion, retirement of capital stock, net
$1,604Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.69%Yield on earning assets
2.09%Cost of funding earning assets
3.61%Net interest margin
0.51%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
1.04%Net operating income to assets
1.05%Return on assets (ROA)
1.24%Pretax return on assets
9.92%Return on equity (ROE)
5.41%Retained earnings to average equity (YTD only)
0.31%Net charge-offs to loans
106.16%Credit loss provision to net charge-offs
8.76%Efficiency ratio
58,541Assets per employee
3.59%Cash dividends to net income (YTD only)
Condition Ratios (%)
45.48%Loss allowance to loans
1.44%Loss allowance to noncurrent loans
570.37%Noncurrent assets plus other real estate owned to assets
0.23%Noncurrent loans to loans
0.25%Net loans and leases to deposits
54.36%Net loans and leases to core deposits
65.84%Equity capital to assets
10.29%Core capital (leverage) ratio
8.87%Tier 1 risk-based capital ratio
13.90%Total risk-based capital ratio
Memoranda
$15Average assets
$336,950Average earning assets
$35,569Average equity
$313,412Average loans
Total Fiduciary and Related Assets (December 31, 2005)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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