First and Citizens Bank in city_name, state_name - Detailed Financial Reports, Location

First and Citizens Bank in Monterey, Virginia (VA)
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First and Citizens Bank routing number info

First and Citizens Bank - Overview

General
FDIC Certificate #: 13011
Status: Active
Federal Reserve ID: 762625
Bank Holding Company (Regulatory Top Holder): Highland County Bankshares, Inc. (RSSDID: 2496241, Location: Monterey, VA)
Date Established: September 01, 1929
WWW: http://www.firstandcitizensbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Domestic: 3, Interstate: No)
FDIC's unique #: 8219
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: March 23, 2007
Last Structure Change Process Date: March 28, 2007
Last Data Update: March 28, 2007
Data Source Date: April 05, 2012
Location
Address: 195 West Main Strret, Monterey, VA 24465
County: Highland
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
History of Changes
Change in Location
Financial Summary
Total assets: $115.9 mil
Equity capital: $12.5 mil
Deposits held in domestic offices: $102.7 mil
Return on assets (ROA): 0.43% ($0.5 mil)
Quarterly return on assets: 0.38% ($0.4 mil)
Return on Equity (ROE): 4.07% ($0.5 mil)
Quarterly return on equity: 3.55% ($0.5 mil)
Net income: $0.5 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.61% ($706.9 mil)
Quarterly Pretax return on assets: 0.51% ($591.0 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
27Total employees (full-time equivalent)
$115,881Total assets
$33,193Cash and due from depository institutions
$31,225Interest-bearing balances
$7,376Securities
$0Federal funds sold & reverse repurchase agreements
$71,266Net loans & leases
$917Loan loss allowance
$0Trading account assets
$2,475Bank premises and fixed assets
$188Other real estate owned
$0Goodwill and other intangibles
$115,881Life insurance assets
$1,383All other assets
$103,342Total liabilities and capital
$102,665Total liabilities
$91,505Total deposits
$102,665Interest-bearing deposits
$93Deposits held in domestic offices
200.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$477Subordinated debt
$12,539All other liabilities
$12,539Total equity capital
$12,539Total bank equity capital
$0Perpetual preferred stock
$600Common stock
$2,484Surplus
$9,455Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,227Income earned, not collected on loans
$0Earning assets
$470Long-term assets (5+ years)
$109,867Average Assets, year-to-date
$6,743Average Assets, quarterly
$115,850Volatile liabilities
$115,916Insider loans
$56,178FHLB advances
$115,135Loans and leases held for sale
$255Unused loan commitments
$255Tier 1 (core) risk-based capital
$12,258Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$4,210Restructured Loans and leases
$1,183Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$5,360Total interest income
$1,463Total interest expense
$3,897Net interest income
$358Provision for loan and lease losses
$304Total noninterest income
$0Fiduciary activities
$123Service charges on deposit accounts
$0Trading account gains & fees
$181Additional noninterest income
$3,141Total noninterest expense
$1,524Salaries and employee benefits
$507Premises and equipment expense
$1,110Additional noninterest expense
$702Pre-tax net operating income
$0Securities gains (losses)
$203Applicable income taxes
$499Income before extraordinary items
$0Extraordinary gains - net
$499Net income attributable to bank
$0Net charge-offs
$499Cash dividends
$324Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
4.89%Yield on earning assets
1.33%Cost of funding earning assets
3.56%Net interest margin
0.28%Noninterest income to earning assets
2.87%Noninterest expense to earning assets
0.43%Net operating income to assets
0.43%Return on assets (ROA)
0.61%Pretax return on assets
4.07%Return on equity (ROE)
4.07%Retained earnings to average equity (YTD only)
0.44%Net charge-offs to loans
110.49%Credit loss provision to net charge-offs
3.27%Efficiency ratio
74,768Assets per employee
4.29%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.27%Loss allowance to noncurrent loans
74.74%Noncurrent assets plus other real estate owned to assets
1.22%Noncurrent loans to loans
1.70%Net loans and leases to deposits
69.42%Net loans and leases to core deposits
70.91%Equity capital to assets
10.82%Core capital (leverage) ratio
10.65%Tier 1 risk-based capital ratio
21.82%Total risk-based capital ratio
Memoranda
$23Average assets
$115,850Average earning assets
$12,262Average equity
$109,593Average loans

List of branches

3 Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	8219	First And Citizens Bank	195 West Main Strret, Monterey, VA 24465	September 01, 1929	Full Service Brick and Mortar
1	429547	Hot Springs Branch	9406 Sam Snead Highway, Hot Springs, VA 24445	January 20, 2004	Full Service Brick and Mortar
2	497950	Riverside Plaza Shopping Center Bran	23 Scenic Highway, Churchville, VA 24421	October 26, 2009	Full Service Brick and Mortar

First and Citizens Bank in Monterey, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

First and Citizens 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 and Citizens Bank in Monterey, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

First and Citizens 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 and Citizens Bank in Monterey, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches