First Sentinel Bank in city_name, state_name - Detailed Financial Reports, Location

First Sentinel Bank in Richlands, Virginia (VA)
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First Sentinel Bank routing number info

First Sentinel Bank - Overview

General
FDIC Certificate #: 31928
Status: Active
Federal Reserve ID: 920975
Bank Holding Company (Regulatory Top Holder): First Region Bancshares, Inc. (RSSDID: 2702250, Location: Richlands, VA)
Date Established: June 20, 1978
WWW: http://www.firstsentinelbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 5 (Domestic: 5, Interstate: No)
OTS Docket #: 7612
FDIC's unique #: 44762
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Consumer Lending Specialization
Date of Deposit Insurance: June 20, 1978
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 315 Railroad Avenue, Richlands, VA 24641
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
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $167.5 mil
Equity capital: $14.8 mil
Deposits held in domestic offices: $149.9 mil
Return on assets (ROA): 1.03% ($1.7 mil)
Quarterly return on assets: 1.30% ($2.2 mil)
Return on Equity (ROE): 11.89% ($1.8 mil)
Quarterly return on equity: 14.73% ($2.2 mil)
Net income: $1.7 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.59% ($2,663.1 mil)
Quarterly Pretax return on assets: 1.99% ($3,333.1 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
68Total employees (full-time equivalent)
$167,493Total assets
$21,812Cash and due from depository institutions
$15,269Interest-bearing balances
$5,385Securities
$6,870Federal funds sold & reverse repurchase agreements
$123,419Net loans & leases
$2,267Loan loss allowance
$0Trading account assets
$3,490Bank premises and fixed assets
$883Other real estate owned
$0Goodwill and other intangibles
$167,493Life insurance assets
$5,634All other assets
$152,728Total liabilities and capital
$149,924Total liabilities
$130,010Total deposits
$149,924Interest-bearing deposits
$96Deposits held in domestic offices
2047.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$757Subordinated debt
$14,765All other liabilities
$14,765Total equity capital
$14,765Total bank equity capital
$0Perpetual preferred stock
$884Common stock
$1,820Surplus
$12,061Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,947Income earned, not collected on loans
$0Earning assets
$548Long-term assets (5+ years)
$150,943Average Assets, year-to-date
$32,696Average Assets, quarterly
$169,498Volatile liabilities
$168,638Insider loans
$111,321FHLB advances
$169,946Loans and leases held for sale
$3,009Unused loan commitments
$1,304Tier 1 (core) risk-based capital
$14,644Tier 2 risk-based capital
$0Total risk weighted assets
$1,705Total unused commitments
$7,233Restructured Loans and leases
$1,471Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$10,258Total interest income
$1,925Total interest expense
$8,333Net interest income
$866Provision for loan and lease losses
$1,286Total noninterest income
$0Fiduciary activities
$622Service charges on deposit accounts
$0Trading account gains & fees
$664Additional noninterest income
$6,059Total noninterest expense
$3,196Salaries and employee benefits
$736Premises and equipment expense
$2,127Additional noninterest expense
$2,694Pre-tax net operating income
$0Securities gains (losses)
$948Applicable income taxes
$1,746Income before extraordinary items
$0Extraordinary gains - net
$1,746Net income attributable to bank
$0Net charge-offs
$1,746Cash dividends
$826Sale, conversion, retirement of capital stock, net
$1,470Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.58%Yield on earning assets
1.23%Cost of funding earning assets
5.34%Net interest margin
0.82%Noninterest income to earning assets
3.89%Noninterest expense to earning assets
1.03%Net operating income to assets
1.03%Return on assets (ROA)
1.59%Pretax return on assets
11.89%Return on equity (ROE)
1.88%Retained earnings to average equity (YTD only)
0.65%Net charge-offs to loans
104.84%Credit loss provision to net charge-offs
4.31%Efficiency ratio
62,990Assets per employee
2.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
84.19%Loss allowance to loans
1.80%Loss allowance to noncurrent loans
76.93%Noncurrent assets plus other real estate owned to assets
2.29%Noncurrent loans to loans
2.34%Net loans and leases to deposits
82.32%Net loans and leases to core deposits
84.13%Equity capital to assets
8.82%Core capital (leverage) ratio
8.62%Tier 1 risk-based capital ratio
13.15%Total risk-based capital ratio
Memoranda
$14Average assets
$169,498Average earning assets
$14,686Average equity
$155,945Average loans

List of branches

5 Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	44762	First Sentinel Bank	315 Railroad Avenue, Richlands, VA 24641	June 20, 1978	Full Service Brick and Mortar
1	286257	Tazewell Branch	200 Valley View Street, North Tazewell, VA 24630	June 20, 1978	Full Service Brick and Mortar
2	362850	Claypool Hill Branch	12678 George C. Perry Hwy, Pounding Mill, VA 24637	November 28, 2001	Full Service Brick and Mortar
3	453525	Lebanon Branch	66 Townview Drive, Lebanon, VA 24266	May 30, 2006	Full Service Brick and Mortar
4	467278	Bluefield Branch	801 S. College Ave., Ste. 5, Bluefield, VA 24605	April 30, 2007	Full Service Brick and Mortar

First Sentinel Bank in Richlands, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Sentinel 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:

First Sentinel Bank in Richlands, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First Sentinel 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:

First Sentinel Bank in Richlands, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches