FDIC Certificate #: 9502 Status: Active Federal Reserve ID: 722227 Date Established: September 08, 1919 WWW:http://www.efirststatebank.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 14489 FDIC's unique #: 6104 Numeric code: 21 Regulator: FDIC 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: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 01, 2011 Last Structure Change Process Date: September 01, 2011 Last Data Update: September 01, 2011 Data Source Date: April 05, 2012
Location
Address: 201 N. Union Street, Danville, VA 24543 County: Danville 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 Metropolitan Statistical Area (MSA): Danville, VA (#1950) Core Based Statistical Area (CBSA): Danville, VA (#19260) CBSA Metro Statistical Area: Danville, VA (#19260)
Financial Summary
Total assets: $37.5 mil Equity capital: $1.4 mil Deposits held in domestic offices: $35.8 mil Return on assets (ROA): 0.29% ($0.1 mil) Quarterly return on assets: 0.46% ($0.2 mil) Return on Equity (ROE): 7.89% ($0.1 mil) Quarterly return on equity: 12.07% ($0.1 mil) Net income: $0.1 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.29% ($108.6 mil) Quarterly Pretax return on assets: 0.46% ($172.3 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
15Total employees (full-time equivalent)
$37,461Total assets
$627Cash and due from depository institutions
$105Interest-bearing balances
$8,302Securities
$939Federal funds sold & reverse repurchase agreements
$25,475Net loans & leases
$587Loan loss allowance
$0Trading account assets
$831Bank premises and fixed assets
$654Other real estate owned
$0Goodwill and other intangibles
$37,461Life insurance assets
$633All other assets
$36,028Total liabilities and capital
$35,828Total liabilities
$33,167Total deposits
$35,828Interest-bearing deposits
$96Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$200Subordinated debt
$1,433All other liabilities
$1,433Total equity capital
$1,433Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$1,500Surplus
$-1,067Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,109Income earned, not collected on loans
$0Earning assets
$255Long-term assets (5+ years)
$34,821Average Assets, year-to-date
$15,363Average Assets, quarterly
$36,047Volatile liabilities
$37,666Insider loans
$24,815FHLB advances
$37,295Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$1,285Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$540Restructured Loans and leases
$695Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,068Total interest income
$380Total interest expense
$1,688Net interest income
$0Provision for loan and lease losses
$168Total noninterest income
$0Fiduciary activities
$123Service charges on deposit accounts
$0Trading account gains & fees
$45Additional noninterest income
$1,777Total noninterest expense
$700Salaries and employee benefits
$91Premises and equipment expense
$986Additional noninterest expense
$79Pre-tax net operating income
$26Securities gains (losses)
$0Applicable income taxes
$105Income before extraordinary items
$0Extraordinary gains - net
$105Net income attributable to bank
$0Net charge-offs
$105Cash dividends
$40Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.18%Yield on earning assets
1.14%Cost of funding earning assets
5.05%Net interest margin
0.50%Noninterest income to earning assets
5.31%Noninterest expense to earning assets
0.22%Net operating income to assets
0.29%Return on assets (ROA)
0.29%Pretax return on assets
7.89%Return on equity (ROE)
7.89%Retained earnings to average equity (YTD only)
0.15%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1.98%Efficiency ratio
95,744Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.25%Loss allowance to noncurrent loans
52.93%Noncurrent assets plus other real estate owned to assets
4.71%Noncurrent loans to loans
4.26%Net loans and leases to deposits
71.10%Net loans and leases to core deposits
76.58%Equity capital to assets
3.83%Core capital (leverage) ratio
3.45%Tier 1 risk-based capital ratio
5.18%Total risk-based capital ratio
Memoranda
$6Average assets
$36,047Average earning assets
$1,331Average equity
$33,438Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
6104
First State Bank
201 N. Union Street, Danville, VA 24543
September 08, 1919
Full Service Brick and Mortar
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