First-Citizens Bank & Trust Company in Lawrenceville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 01, 1996

First-Citizens Bank & Trust Company in Lawrenceville, Virginia (VA)
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First-Citizens Bank & Trust Company - Overview

General
FDIC Certificate #: 20019
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 98726
Date Established: September 15, 1969
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 15 (Interstate: No)
FDIC's unique #: 13750
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: September 15, 1969
Last Structure Change Effective Date: January 01, 1996
Last Structure Change Process Date: Febuary 12, 1996
Last Data Update: Febuary 12, 1996
Data Source Date: April 05, 2012
Location
Address: 112 East Hicks Street, Lawrenceville, VA 23868
County: Brunswick
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
Financial Summary
Total assets: $277.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$84Total assets
$276,991Cash and due from depository institutions
$14,630Interest-bearing balances
$0Securities
$159,944Federal funds sold & reverse repurchase agreements
$3,750Net loans & leases
$72,668Loan loss allowance
$965Trading account assets
$0Bank premises and fixed assets
$4,168Other real estate owned
$0Goodwill and other intangibles
$3,073Life insurance assets
$18,758All other assets
$0Total liabilities and capital
$276,991Total liabilities
$244,127Total deposits
$229,814Interest-bearing deposits
$205,977Deposits held in domestic offices
229814.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$11,612Trading liabilities
$0Other borrowed funds
$60Subordinated debt
$0All other liabilities
$2,641Total equity capital
$2,641Total bank equity capital
$32,864Perpetual preferred stock
$0Common stock
$2,500Surplus
$30,168Undivided profits
Memoranda
$196Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8Income earned, not collected on loans
$396Earning assets
$236,362Long-term assets (5+ years)
$11,136Average Assets, year-to-date
$183,526Average Assets, quarterly
$273,968Volatile liabilities
$25,696Insider loans
$1,524FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$10,989Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$14,106Total risk weighted assets
$68,986Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$11,750Total interest expense
$6,592Net interest income
$5,158Provision for loan and lease losses
$180Total noninterest income
$711Fiduciary activities
$0Service charges on deposit accounts
$564Trading account gains & fees
$0Additional noninterest income
$147Total noninterest expense
$5,221Salaries and employee benefits
$1,817Premises and equipment expense
$595Additional noninterest expense
$2,809Pre-tax net operating income
$468Securities gains (losses)
$0Applicable income taxes
$272Income before extraordinary items
$196Extraordinary gains - net
$0Net income attributable to bank
$196Net charge-offs
$21Cash dividends
$47Sale, conversion, retirement of capital stock, net
$1,511Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.52%Cost of funding earning assets
4.22%Net interest margin
3.30%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
3.34%Net operating income to assets
0.11%Return on assets (ROA)
0.11%Pretax return on assets
0.26%Return on equity (ROE)
0.86%Retained earnings to average equity (YTD only)
0.65%Net charge-offs to loans
0.04%Credit loss provision to net charge-offs
857.14%Efficiency ratio
73,437Assets per employee
3.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.98%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
12062.50%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.01%Net loans and leases to deposits
31.62%Net loans and leases to core deposits
33.68%Equity capital to assets
11.86%Core capital (leverage) ratio
5.56%Tier 1 risk-based capital ratio
20.45%Total risk-based capital ratio
Memoranda
$22Average assets
$183,526Average earning assets
$22,855Average equity
$156,207Average loans

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