Planters Bank & Trust Company of Virginia - Overview
General
FDIC Certificate #: 20786 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:StellarOne Bank (#6834) Federal Reserve ID: 985620 Date Established: September 01, 1972 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 26 (Interstate: No) FDIC's unique #: 14357 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: September 01, 1972 Last Structure Change Effective Date: May 24, 2008 Last Structure Change Process Date: June 06, 2008 Last Data Update: June 06, 2008 Data Source Date: April 05, 2012
Location
Address: 24 South Augusta Street, Staunton, VA 24401 County: Staunton 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): Staunton-Waynesboro, VA (#44420) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $827.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2007)
Dollar figures in thousands
170Total employees (full-time equivalent)
$840,441Total assets
$26,655Cash and due from depository institutions
$241Interest-bearing balances
$64,814Securities
$16,000Federal funds sold & reverse repurchase agreements
$677,520Net loans & leases
$8,523Loan loss allowance
$0Trading account assets
$16,854Bank premises and fixed assets
$131Other real estate owned
$17,121Goodwill and other intangibles
$3,753Life insurance assets
$21,346All other assets
$840,441Total liabilities and capital
$736,807Total liabilities
$626,813Total deposits
$585,095Interest-bearing deposits
$626,813Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$106,000Other borrowed funds
$0Subordinated debt
$3,994All other liabilities
$103,634Total equity capital
$103,634Total bank equity capital
$103,634Perpetual preferred stock
$0Common stock
$20,000Surplus
$32,554Undivided profits
Memoranda
$51,080Noncurrent loans and leases
$185,994Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,220Earning assets
$0Long-term assets (5+ years)
$3,965Average Assets, year-to-date
$758,575Average Assets, quarterly
$121,278Volatile liabilities
$846,154Insider loans
$828,546FHLB advances
$116,524Loans and leases held for sale
$7,561Unused loan commitments
$106,000Tier 1 (core) risk-based capital
$5,865Tier 2 risk-based capital
$3,010Total risk weighted assets
$185,994Total unused commitments
$0Restructured Loans and leases
$8,523Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$53,089Total interest income
$19,554Total interest expense
$33,535Net interest income
-$183Provision for loan and lease losses
$6,842Total noninterest income
$0Fiduciary activities
$3,823Service charges on deposit accounts
$0Trading account gains & fees
$3,019Additional noninterest income
$24,123Total noninterest expense
$7,931Salaries and employee benefits
$2,114Premises and equipment expense
$14,078Additional noninterest expense
$16,437Pre-tax net operating income
-$13Securities gains (losses)
$5,227Applicable income taxes
$11,197Income before extraordinary items
$0Extraordinary gains - net
$11,197Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$112Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.93%Yield on earning assets
2.55%Cost of funding earning assets
4.37%Net interest margin
0.89%Noninterest income to earning assets
3.15%Noninterest expense to earning assets
1.32%Net operating income to assets
1.32%Return on assets (ROA)
1.94%Pretax return on assets
11.28%Return on equity (ROE)
11.28%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
-163.39%Credit loss provision to net charge-offs
145.13%Efficiency ratio
58,144Assets per employee
4.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.24%Loss allowance to noncurrent loans
383.92%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.32%Net loans and leases to deposits
108.09%Net loans and leases to core deposits
124.02%Equity capital to assets
12.33%Core capital (leverage) ratio
10.78%Tier 1 risk-based capital ratio
11.37%Total risk-based capital ratio
Memoranda
$12Average assets
$846,154Average earning assets
$99,280Average equity
$766,533Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
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