FDIC Certificate #: 29685 Status: Active Federal Reserve ID: 104971 Date Established: January 01, 1924 WWW:http://www.martinsvillefirst.com Trust Powers Granted: No Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 3881 FDIC's unique #: 42519 Numeric code: 38 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: No Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: January 03, 1950 Last Structure Change Effective Date: July 21, 2011 Last Structure Change Process Date: July 21, 2011 Last Data Update: July 21, 2011 Data Source Date: April 05, 2012
Location
Address: 25 W Church Street, Martinsville, VA 24114 County: Martinsville 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 Core Based Statistical Area (CBSA): Martinsville, VA (#32300) CBSA Micro Statistical Area: Yes
History of Changes
Change in Primary Regulatory Agency
Financial Summary
Total assets: $46.5 mil Equity capital: $5.4 mil Deposits held in domestic offices: $41.0 mil Return on assets (ROA): 0.47% ($0.2 mil) Quarterly return on assets: 0.07% ($0.0 mil) Return on Equity (ROE): 4.26% ($0.2 mil) Quarterly return on equity: 0.59% ($0.0 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.70% ($325.2 mil) Quarterly Pretax return on assets: 0.12% ($55.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
7Total employees (full-time equivalent)
$46,452Total assets
$6,727Cash and due from depository institutions
$5,630Interest-bearing balances
$9,355Securities
$2,356Federal funds sold & reverse repurchase agreements
$26,251Net loans & leases
$311Loan loss allowance
$0Trading account assets
$603Bank premises and fixed assets
$792Other real estate owned
$0Goodwill and other intangibles
$46,452Life insurance assets
$368All other assets
$41,061Total liabilities and capital
$41,039Total liabilities
$40,790Total deposits
$41,039Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$22Subordinated debt
$5,391All other liabilities
$5,391Total equity capital
$5,391Total bank equity capital
$0Perpetual preferred stock
$0Common stock
$0Surplus
$5,391Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,365Income earned, not collected on loans
$0Earning assets
$16Long-term assets (5+ years)
$43,592Average Assets, year-to-date
$0Average Assets, quarterly
$47,075Volatile liabilities
$46,995Insider loans
$19,913FHLB advances
$46,381Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,344Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$323Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$2,029Total interest income
$760Total interest expense
$1,269Net interest income
$0Provision for loan and lease losses
-$2Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
-$2Additional noninterest income
$939Total noninterest expense
$556Salaries and employee benefits
$152Premises and equipment expense
$231Additional noninterest expense
$328Pre-tax net operating income
$0Securities gains (losses)
$105Applicable income taxes
$223Income before extraordinary items
$0Extraordinary gains - net
$223Net income attributable to bank
$0Net charge-offs
$223Cash dividends
-$85Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.54%Yield on earning assets
1.70%Cost of funding earning assets
2.84%Net interest margin
-0.00%Noninterest income to earning assets
2.10%Noninterest expense to earning assets
0.47%Net operating income to assets
0.47%Return on assets (ROA)
0.70%Pretax return on assets
4.26%Return on equity (ROE)
4.26%Retained earnings to average equity (YTD only)
-0.31%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
74,112Assets per employee
6.64%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
13.15%Noncurrent assets plus other real estate owned to assets
6.23%Noncurrent loans to loans
8.90%Net loans and leases to deposits
63.97%Net loans and leases to core deposits
66.16%Equity capital to assets
11.61%Core capital (leverage) ratio
11.52%Tier 1 risk-based capital ratio
26.84%Total risk-based capital ratio
Memoranda
$27Average assets
$47,075Average earning assets
$5,231Average equity
$44,659Average loans
List of branches
1 Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
42519
Martinsville First Savings Bank
25 W Church Street, Martinsville, VA 24114
January 01, 1924
Full Service Brick and Mortar
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