Community Bank in city_name, state_name - Detailed Financial Reports, Location

Community Bank in Staunton, Virginia (VA)
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Community Bank - Overview

General
FDIC Certificate #: 30417
Status: Active
Federal Reserve ID: 274678
Date Established: January 01, 1928
WWW: http://www.cbnk.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 5307
FDIC's unique #: 43251
Numeric code: 33
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: December 01, 1949
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
Location
Address: 38 North Central Avenue, Staunton, VA 24401
County: Staunton City
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): Staunton-Waynesboro, VA (#44420)
CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $511.2 mil
Equity capital: $49.8 mil
Deposits held in domestic offices: $365.1 mil
Return on assets (ROA): 0.55% ($2.8 mil)
Quarterly return on assets: 0.40% ($2.0 mil)
Return on Equity (ROE): 5.85% ($2.9 mil)
Quarterly return on equity: 4.16% ($2.1 mil)
Net income: $2.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.86% ($4,396.1 mil)
Quarterly Pretax return on assets: 0.62% ($3,169.3 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
147Total employees (full-time equivalent)
$511,176Total assets
$9,494Cash and due from depository institutions
$4,132Interest-bearing balances
$8,039Securities
$0Federal funds sold & reverse repurchase agreements
$451,531Net loans & leases
$5,942Loan loss allowance
$0Trading account assets
$8,528Bank premises and fixed assets
$12,665Other real estate owned
$0Goodwill and other intangibles
$511,176Life insurance assets
$20,919All other assets
$461,356Total liabilities and capital
$365,147Total liabilities
$335,721Total deposits
$365,147Interest-bearing deposits
$88Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$93,000Trading liabilities
$0Other borrowed funds
$3,209Subordinated debt
$49,820All other liabilities
$49,820Total equity capital
$49,820Total bank equity capital
$0Perpetual preferred stock
$7Common stock
$18,512Surplus
$31,301Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8,366Income earned, not collected on loans
$0Earning assets
$1,913Long-term assets (5+ years)
$463,702Average Assets, year-to-date
$0Average Assets, quarterly
$522,611Volatile liabilities
$514,203Insider loans
$430,837FHLB advances
$512,514Loans and leases held for sale
$6,724Unused loan commitments
$0Tier 1 (core) risk-based capital
$50,650Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$43,164Restructured Loans and leases
$2,038Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$27,089Total interest income
$3,806Total interest expense
$23,283Net interest income
$4,158Provision for loan and lease losses
$2,266Total noninterest income
$0Fiduciary activities
$1,693Service charges on deposit accounts
$0Trading account gains & fees
$573Additional noninterest income
$16,897Total noninterest expense
$9,285Salaries and employee benefits
$2,582Premises and equipment expense
$5,030Additional noninterest expense
$4,494Pre-tax net operating income
$0Securities gains (losses)
$1,623Applicable income taxes
$2,871Income before extraordinary items
$0Extraordinary gains - net
$2,871Net income attributable to bank
$0Net charge-offs
$2,871Cash dividends
$4,164Sale, conversion, retirement of capital stock, net
$950Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.69%Yield on earning assets
0.80%Cost of funding earning assets
4.89%Net interest margin
0.48%Noninterest income to earning assets
3.55%Noninterest expense to earning assets
0.55%Net operating income to assets
0.55%Return on assets (ROA)
0.86%Pretax return on assets
5.85%Return on equity (ROE)
3.92%Retained earnings to average equity (YTD only)
0.88%Net charge-offs to loans
99.86%Credit loss provision to net charge-offs
2.08%Efficiency ratio
66,136Assets per employee
3.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
33.09%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
71.03%Noncurrent assets plus other real estate owned to assets
4.11%Noncurrent loans to loans
1.83%Net loans and leases to deposits
123.66%Net loans and leases to core deposits
131.45%Equity capital to assets
9.75%Core capital (leverage) ratio
9.88%Tier 1 risk-based capital ratio
11.76%Total risk-based capital ratio
Memoranda
$13Average assets
$522,611Average earning assets
$49,061Average equity
$475,921Average loans

List of branches

11 Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	43251	Community Bank	38 North Central Avenue, Staunton, VA 24401	January 01, 1928	Full Service Brick and Mortar
1	212391	Stuarts Draft Branch	2658 Stuarts Draft Highway, Stuarts Draft, VA 24477	November 01, 1933	Full Service Brick and Mortar
2	280331	Waynesboro Branch	2934 W. Main St., Waynesboro, VA 22980	March 01, 1990	Full Service Brick and Mortar
3	280332	Lake James Branch	1201 Lake James Drive, Virginia Beach, VA 23464	April 09, 1997	Full Service Brick and Mortar
4	280333	Hilltop Branch	621 Nevan Road, Virginia Beach, VA 23451	November 23, 1998	Full Service Brick and Mortar
5	280334	Richmond Road Branch	101 Community Way, Staunton, VA 24401	September 08, 1999	Full Service Brick and Mortar
6	418533	Verona Branch	21 Dick Huff Lane, Verona, VA 24482	December 19, 2002	Full Service Brick and Mortar
7	463720	Lexington Branch	102 Walker Street, Lexington, VA 24450	March 20, 2006	Full Service Brick and Mortar
8	495980	Buena Vista Branch	2161 Sycamore Ave, Buena Vista, VA 24416	October 01, 2008	Full Service Brick and Mortar
9	495981	Harrisonburg Branch	463 Hidden Creek Ln, Harrisonburg, VA 22801	October 16, 2006	Full Service Brick and Mortar
10	495982	Raphine Branch	2134 Raphine Road, Raphine, VA 24472	December 10, 2001	Full Service Brick and Mortar

Community Bank in Staunton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Community Bank in Staunton, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

Community Bank - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

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

Community Bank in Staunton, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches