FDIC Certificate #: 22359 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Carter Bank & Trust (#58596) Federal Reserve ID: 988229 Date Established: October 29, 1976 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 19 (Interstate: No) FDIC's unique #: 15566 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 29, 1976 Last Structure Change Effective Date: December 30, 2006 Last Structure Change Process Date: January 10, 2007 Last Data Update: January 10, 2007 Data Source Date: April 05, 2012
Location
Address: 2770 Riverside Drive, Bassett, VA 24055 County: Henry 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
Financial Summary
Total assets: $396.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
158Total employees (full-time equivalent)
$397,523Total assets
$36,058Cash and due from depository institutions
$22,465Interest-bearing balances
$93,652Securities
$26,600Federal funds sold & reverse repurchase agreements
$229,260Net loans & leases
$2,473Loan loss allowance
$0Trading account assets
$4,899Bank premises and fixed assets
$2,265Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$4,789All other assets
$397,523Total liabilities and capital
$373,673Total liabilities
$371,886Total deposits
$301,428Interest-bearing deposits
$371,886Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$948Other borrowed funds
$0Subordinated debt
$839All other liabilities
$23,850Total equity capital
$23,850Total bank equity capital
$23,850Perpetual preferred stock
$0Common stock
$3,500Surplus
$13,879Undivided profits
Memoranda
$6,471Noncurrent loans and leases
$5,582Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,602Earning assets
$0Long-term assets (5+ years)
$2,014Average Assets, year-to-date
$371,977Average Assets, quarterly
$84,942Volatile liabilities
$384,092Insider loans
$391,904FHLB advances
$41,077Loans and leases held for sale
$21,792Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,582Total unused commitments
$0Restructured Loans and leases
$2,473Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$17,769Total interest income
$8,307Total interest expense
$9,462Net interest income
$240Provision for loan and lease losses
$1,270Total noninterest income
$0Fiduciary activities
$825Service charges on deposit accounts
$0Trading account gains & fees
$445Additional noninterest income
$8,023Total noninterest expense
$4,397Salaries and employee benefits
$1,087Premises and equipment expense
$2,539Additional noninterest expense
$2,469Pre-tax net operating income
$0Securities gains (losses)
$542Applicable income taxes
$1,927Income before extraordinary items
$0Extraordinary gains - net
$1,927Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$171Sale, conversion, retirement of capital stock, net
$1,232Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.93%Yield on earning assets
2.31%Cost of funding earning assets
2.63%Net interest margin
0.35%Noninterest income to earning assets
2.23%Noninterest expense to earning assets
0.50%Net operating income to assets
0.50%Return on assets (ROA)
0.64%Pretax return on assets
8.19%Return on equity (ROE)
2.95%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
140.35%Credit loss provision to net charge-offs
15.84%Efficiency ratio
74,758Assets per employee
2.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
63.93%Loss allowance to loans
1.07%Loss allowance to noncurrent loans
68.66%Noncurrent assets plus other real estate owned to assets
1.48%Noncurrent loans to loans
1.55%Net loans and leases to deposits
61.65%Net loans and leases to core deposits
69.10%Equity capital to assets
6.00%Core capital (leverage) ratio
6.22%Tier 1 risk-based capital ratio
10.16%Total risk-based capital ratio
Memoranda
$11Average assets
$384,092Average earning assets
$23,541Average equity
$360,348Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Patrick Henry National Bank.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: