FDIC Certificate #: 22371 Status: Inactive Closing history: Consolidated - Without Assistance Acquiring institution:Carter Bank & Trust (#58596) Federal Reserve ID: 168320 Date Established: November 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: 20 (Interstate: No) FDIC's unique #: 15578 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: November 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: 141 Westover Drive, Danville, VA 24541 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: $363.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
144Total employees (full-time equivalent)
$357,244Total assets
$32,832Cash and due from depository institutions
$22,465Interest-bearing balances
$95,665Securities
$0Federal funds sold & reverse repurchase agreements
$204,563Net loans & leases
$2,367Loan loss allowance
$0Trading account assets
$18,188Bank premises and fixed assets
$257Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$5,739All other assets
$357,244Total liabilities and capital
$319,424Total liabilities
$318,818Total deposits
$273,956Interest-bearing deposits
$318,818Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$72Other borrowed funds
$0Subordinated debt
$534All other liabilities
$37,820Total equity capital
$37,820Total bank equity capital
$37,820Perpetual preferred stock
$0Common stock
$2,376Surplus
$28,935Undivided profits
Memoranda
$6,509Noncurrent loans and leases
$5,079Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,423Earning assets
$0Long-term assets (5+ years)
$2,003Average Assets, year-to-date
$322,693Average Assets, quarterly
$63,598Volatile liabilities
$360,183Insider loans
$362,168FHLB advances
$30,984Loans and leases held for sale
$12,625Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$5,079Total unused commitments
$0Restructured Loans and leases
$2,367Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$17,364Total interest income
$7,385Total interest expense
$9,979Net interest income
$120Provision for loan and lease losses
$1,119Total noninterest income
$0Fiduciary activities
$721Service charges on deposit accounts
$0Trading account gains & fees
$398Additional noninterest income
$8,299Total noninterest expense
$4,651Salaries and employee benefits
$1,329Premises and equipment expense
$2,319Additional noninterest expense
$2,679Pre-tax net operating income
$0Securities gains (losses)
$660Applicable income taxes
$2,019Income before extraordinary items
$0Extraordinary gains - net
$2,019Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$165Sale, conversion, retirement of capital stock, net
$1,900Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.32%Yield on earning assets
2.26%Cost of funding earning assets
3.06%Net interest margin
0.34%Noninterest income to earning assets
2.54%Noninterest expense to earning assets
0.56%Net operating income to assets
0.56%Return on assets (ROA)
0.74%Pretax return on assets
5.34%Return on equity (ROE)
0.31%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
72.73%Credit loss provision to net charge-offs
16.96%Efficiency ratio
74,779Assets per employee
2.48%Cash dividends to net income (YTD only)
Condition Ratios (%)
94.11%Loss allowance to loans
1.14%Loss allowance to noncurrent loans
43.65%Noncurrent assets plus other real estate owned to assets
1.59%Noncurrent loans to loans
2.62%Net loans and leases to deposits
64.16%Net loans and leases to core deposits
71.05%Equity capital to assets
10.59%Core capital (leverage) ratio
10.70%Tier 1 risk-based capital ratio
15.88%Total risk-based capital ratio
Memoranda
$17Average assets
$360,183Average earning assets
$37,778Average equity
$326,575Average loans
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