FNB Salem Bank and Trust, National Association in Salem, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 19, 2006

  • FNB Salem Bank and Trust, National Association in Salem, Virginia (VA)
  • Show street view No street view available for this location

FNB Salem Bank and Trust, National Association - Overview

  • General
  • FDIC Certificate #: 22665
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First National Bank (#6830)
    Federal Reserve ID: 95725
    Date Established: June 12, 1978
    WWW: http://www.fnbonline.com
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 10 (Interstate: No)
    OTS Docket #: 12277
    FDIC's unique #: 15818
    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: June 12, 1978
    Last Structure Change Effective Date: May 19, 2006
    Last Structure Change Process Date: June 01, 2006
    Last Data Update: June 01, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 220 East Main Street, Salem, VA 24153
    County: Salem
    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): Roanoke, VA (#6800)
    Core Based Statistical Area (CBSA): Roanoke, VA (#40220)
    CBSA Metro Statistical Area: Roanoke, VA (#40220)
  • Financial Summary
  • Total assets: $400.3 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, 2005)

  • Dollar figures in thousands
  • 74Total employees (full-time equivalent)
  • $401,957Total assets
  • $8,891Cash and due from depository institutions
  • $14Interest-bearing balances
  • $40,584Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $320,201Net loans & leases
  • $4,868Loan loss allowance
  • $0Trading account assets
  • $3,018Bank premises and fixed assets
  • $0Other real estate owned
  • $19,918Goodwill and other intangibles
  • $0Life insurance assets
  • $9,345All other assets
  • $401,957Total liabilities and capital
  • $348,752Total liabilities
  • $313,062Total deposits
  • $269,844Interest-bearing deposits
  • $313,062Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $12,550Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $22,210Other borrowed funds
  • $0Subordinated debt
  • $930All other liabilities
  • $53,205Total equity capital
  • $53,205Total bank equity capital
  • $53,205Perpetual preferred stock
  • $0Common stock
  • $7,680Surplus
  • $35,873Undivided profits
  • Memoranda
  • $9,652Noncurrent loans and leases
  • $67,962Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,177Earning assets
  • $0Long-term assets (5+ years)
  • $1,733Average Assets, year-to-date
  • $360,799Average Assets, quarterly
  • $72,422Volatile liabilities
  • $384,587Insider loans
  • $400,053FHLB advances
  • $58,593Loans and leases held for sale
  • $1,018Unused loan commitments
  • $22,210Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $67,962Total unused commitments
  • $0Restructured Loans and leases
  • $4,414Derivatives

Income and Expense (December 31, 2005)

  • Dollar figures in thousands
  • $22,335Total interest income
  • $7,728Total interest expense
  • $14,607Net interest income
  • $1,719Provision for loan and lease losses
  • $2,737Total noninterest income
  • $0Fiduciary activities
  • $1,728Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,009Additional noninterest income
  • $9,443Total noninterest expense
  • $2,427Salaries and employee benefits
  • $799Premises and equipment expense
  • $6,217Additional noninterest expense
  • $6,182Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,067Applicable income taxes
  • $4,115Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,115Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $887Sale, conversion, retirement of capital stock, net
  • $1,362Net operating income

Performance and Condition Ratios (December 31, 2005)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.51%Yield on earning assets
  • 2.25%Cost of funding earning assets
  • 4.26%Net interest margin
  • 0.80%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 1.07%Net operating income to assets
  • 1.07%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 8.03%Return on equity (ROE)
  • 5.38%Retained earnings to average equity (YTD only)
  • 0.29%Net charge-offs to loans
  • 193.80%Credit loss provision to net charge-offs
  • 8.91%Efficiency ratio
  • 50,138Assets per employee
  • 5.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 33.10%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 413.59%Noncurrent assets plus other real estate owned to assets
  • 0.29%Noncurrent loans to loans
  • 0.36%Net loans and leases to deposits
  • 102.28%Net loans and leases to core deposits
  • 117.71%Equity capital to assets
  • 13.24%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 9.53%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $384,587Average earning assets
  • $51,218Average equity
  • $342,943Average 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 FNB Salem Bank and Trust, National Association.
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.
Table of Contents