Transcommunity Bank, National Association - Overview
General
FDIC Certificate #: 57309 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Essex Bank (#8675) Federal Reserve ID: 3133253 Date Established: November 25, 2002 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 5 (Interstate: No) FDIC's unique #: 361227 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 25, 2002 Last Structure Change Effective Date: August 01, 2008 Last Structure Change Process Date: August 12, 2008 Last Data Update: August 12, 2008 Data Source Date: April 05, 2012
Location
Address: 2958 River Front Road, Goochland, VA 23063 County: Goochland 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): Richmond-Petersburg, VA (#6760) Core Based Statistical Area (CBSA): Richmond, VA (#40060) CBSA Metro Statistical Area: Richmond, VA (#40060)
Financial Summary
Total assets: $305.5 mil
2000 - 2011 Historical total assets, liabilities and capital ($ 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
71Total employees (full-time equivalent)
$234,604Total assets
$2,204Cash and due from depository institutions
$0Interest-bearing balances
$16,643Securities
$2,096Federal funds sold & reverse repurchase agreements
$202,444Net loans & leases
$3,036Loan loss allowance
$0Trading account assets
$8,205Bank premises and fixed assets
$180Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$2,832All other assets
$234,604Total liabilities and capital
$204,991Total liabilities
$203,598Total deposits
$183,209Interest-bearing deposits
$203,598Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,393All other liabilities
$29,613Total equity capital
$29,613Total bank equity capital
$29,613Perpetual preferred stock
$0Common stock
$7,177Surplus
$21,936Undivided profits
Memoranda
$500Noncurrent loans and leases
$38,143Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,010Earning assets
$0Long-term assets (5+ years)
$1,357Average Assets, year-to-date
$221,183Average Assets, quarterly
$5,577Volatile liabilities
$214,668Insider loans
$228,757FHLB advances
$57,169Loans and leases held for sale
$558Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$38,143Total unused commitments
$0Restructured Loans and leases
$2,737Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$17,144Total interest income
$6,676Total interest expense
$10,468Net interest income
$1,686Provision for loan and lease losses
$1,113Total noninterest income
$0Fiduciary activities
$600Service charges on deposit accounts
$0Trading account gains & fees
$513Additional noninterest income
$10,637Total noninterest expense
$5,354Salaries and employee benefits
$1,471Premises and equipment expense
$3,812Additional noninterest expense
-$742Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$742Income before extraordinary items
$0Extraordinary gains - net
-$742Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$715Sale, conversion, retirement of capital stock, net
$600Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.54%Yield on earning assets
3.33%Cost of funding earning assets
5.21%Net interest margin
0.55%Noninterest income to earning assets
5.30%Noninterest expense to earning assets
-0.35%Net operating income to assets
-0.35%Return on assets (ROA)
-0.35%Pretax return on assets
-2.50%Return on equity (ROE)
-4.53%Retained earnings to average equity (YTD only)
0.40%Net charge-offs to loans
235.80%Credit loss provision to net charge-offs
1.32%Efficiency ratio
91,849Assets per employee
3.30%Cash dividends to net income (YTD only)
Condition Ratios (%)
-80.86%Loss allowance to loans
1.48%Loss allowance to noncurrent loans
151.04%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
0.98%Net loans and leases to deposits
99.43%Net loans and leases to core deposits
138.25%Equity capital to assets
12.62%Core capital (leverage) ratio
12.74%Tier 1 risk-based capital ratio
13.52%Total risk-based capital ratio
Memoranda
$15Average assets
$214,668Average earning assets
$29,636Average equity
$200,760Average loans
Total Fiduciary and Related Assets (December 31, 2004)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$699Managed Assets
1Number of Accounts
$699Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$699Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
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