Blue Ridge Bank in Sparta, North Carolina (NC)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 1999

Blue Ridge Bank in Sparta, North Carolina (NC)
Show street view No street view available for this location

Blue Ridge Bank - Overview

General
FDIC Certificate #: 27077
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Community Bank (#13012)
Federal Reserve ID: 1156883
Date Established: October 15, 1987
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 38682
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: October 15, 1987
Last Structure Change Effective Date: April 30, 1999
Last Structure Change Process Date: May 19, 1999
Last Data Update: May 19, 1999
Data Source Date: April 05, 2012
Location
Address: 125 North Main Street, Sparta, NC 28675
County: Alleghany
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
Financial Summary
Total assets: $120.8 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
50Total employees (full-time equivalent)
$120,872Total assets
$7,760Cash and due from depository institutions
$0Interest-bearing balances
$27,823Securities
$355Federal funds sold & reverse repurchase agreements
$68,310Net loans & leases
$994Loan loss allowance
$0Trading account assets
$2,635Bank premises and fixed assets
$0Other real estate owned
$12,434Goodwill and other intangibles
$0Life insurance assets
$1,555All other assets
$120,872Total liabilities and capital
$97,629Total liabilities
$94,859Total deposits
$84,648Interest-bearing deposits
$94,859Deposits held in domestic offices
0.00%% insured (estimated)
$1,320Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,450All other liabilities
$23,243Total equity capital
$23,243Total bank equity capital
$23,243Perpetual preferred stock
$0Common stock
$3,030Surplus
$18,385Undivided profits
Memoranda
$1,828Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$884Earning assets
$0Long-term assets (5+ years)
$589Average Assets, year-to-date
$96,488Average Assets, quarterly
$40,806Volatile liabilities
$123,216Insider loans
$122,146FHLB advances
$17,690Loans and leases held for sale
$2,225Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$9,503Total unused commitments
$0Restructured Loans and leases
$74,192Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$9,003Total interest income
$4,306Total interest expense
$4,697Net interest income
$80Provision for loan and lease losses
$609Total noninterest income
$0Fiduciary activities
$429Service charges on deposit accounts
$0Trading account gains & fees
$180Additional noninterest income
$4,429Total noninterest expense
$1,863Salaries and employee benefits
$747Premises and equipment expense
$1,819Additional noninterest expense
$797Pre-tax net operating income
$0Securities gains (losses)
$812Applicable income taxes
-$15Income before extraordinary items
$0Extraordinary gains - net
-$15Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$185Sale, conversion, retirement of capital stock, net
$200Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.97%Yield on earning assets
4.29%Cost of funding earning assets
4.68%Net interest margin
0.61%Noninterest income to earning assets
4.41%Noninterest expense to earning assets
-0.01%Net operating income to assets
-0.01%Return on assets (ROA)
0.65%Pretax return on assets
-0.06%Return on equity (ROE)
-0.92%Retained earnings to average equity (YTD only)
0.27%Net charge-offs to loans
43.24%Credit loss provision to net charge-offs
4.74%Efficiency ratio
65,699Assets per employee
2.42%Cash dividends to net income (YTD only)
Condition Ratios (%)
-1333.33%Loss allowance to loans
1.43%Loss allowance to noncurrent loans
112.44%Noncurrent assets plus other real estate owned to assets
0.73%Noncurrent loans to loans
1.28%Net loans and leases to deposits
72.01%Net loans and leases to core deposits
87.03%Equity capital to assets
19.23%Core capital (leverage) ratio
9.69%Tier 1 risk-based capital ratio
14.55%Total risk-based capital ratio
Memoranda
$16Average assets
$123,216Average earning assets
$23,262Average equity
$100,358Average loans

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

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Blue Ridge Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.