Virginia Bank and Trust Company in city_name, state_name - Detailed Financial Reports, Location

Virginia Bank and Trust Company in Danville, Virginia (VA)
Show street view No street view available for this location

Virginia Bank and Trust Company routing number info

Virginia Bank and Trust Company - Overview

General
FDIC Certificate #: 16414
Status: Active
Federal Reserve ID: 723822
Bank Holding Company (Regulatory Top Holder): Virginia Bank Bankshares, Inc. (RSSDID: 2623467, Location: Danville, VA)
Date Established: November 23, 1945
WWW: http://www.vabanktr.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Domestic: 8, Interstate: No)
FDIC's unique #: 10589
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: April 30, 1946
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
Location
Address: 336 Main Street, 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $165.7 mil
Equity capital: $23.9 mil
Deposits held in domestic offices: $139.2 mil
Return on assets (ROA): 1.09% ($1.8 mil)
Quarterly return on assets: 1.21% ($2.0 mil)
Return on Equity (ROE): 7.43% ($1.8 mil)
Quarterly return on equity: 8.31% ($2.0 mil)
Net income: $1.8 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 1.66% ($2,750.8 mil)
Quarterly Pretax return on assets: 1.85% ($3,065.7 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
70Total employees (full-time equivalent)
$165,712Total assets
$19,295Cash and due from depository institutions
$15,232Interest-bearing balances
$16,169Securities
$900Federal funds sold & reverse repurchase agreements
$121,117Net loans & leases
$1,017Loan loss allowance
$0Trading account assets
$3,440Bank premises and fixed assets
$1,377Other real estate owned
$0Goodwill and other intangibles
$165,712Life insurance assets
$3,414All other assets
$141,834Total liabilities and capital
$139,191Total liabilities
$98,835Total deposits
$139,191Interest-bearing deposits
$99Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,643Subordinated debt
$23,878All other liabilities
$23,878Total equity capital
$23,878Total bank equity capital
$0Perpetual preferred stock
$3,136Common stock
$9,293Surplus
$11,449Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$164Income earned, not collected on loans
$0Earning assets
$659Long-term assets (5+ years)
$153,418Average Assets, year-to-date
$13,395Average Assets, quarterly
$163,132Volatile liabilities
$165,232Insider loans
$115,540FHLB advances
$165,026Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$25,339Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$21,469Restructured Loans and leases
$2,604Derivatives

Income and Expense (December 31, 2011)

Dollar figures in thousands
$7,753Total interest income
$781Total interest expense
$6,972Net interest income
$216Provision for loan and lease losses
$1,948Total noninterest income
$0Fiduciary activities
$1,281Service charges on deposit accounts
$0Trading account gains & fees
$667Additional noninterest income
$6,065Total noninterest expense
$3,607Salaries and employee benefits
$728Premises and equipment expense
$1,730Additional noninterest expense
$2,639Pre-tax net operating income
$72Securities gains (losses)
$927Applicable income taxes
$1,784Income before extraordinary items
$0Extraordinary gains - net
$1,784Net income attributable to bank
$0Net charge-offs
$1,784Cash dividends
$74Sale, conversion, retirement of capital stock, net
$1,625Net operating income

Performance and Condition Ratios (December 31, 2011)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.11%Yield on earning assets
0.51%Cost of funding earning assets
4.60%Net interest margin
1.28%Noninterest income to earning assets
4.00%Noninterest expense to earning assets
1.06%Net operating income to assets
1.09%Return on assets (ROA)
1.66%Pretax return on assets
7.43%Return on equity (ROE)
0.66%Retained earnings to average equity (YTD only)
0.06%Net charge-offs to loans
291.89%Credit loss provision to net charge-offs
38.58%Efficiency ratio
67,993Assets per employee
2.37%Cash dividends to net income (YTD only)
Condition Ratios (%)
91.09%Loss allowance to loans
0.83%Loss allowance to noncurrent loans
620.12%Noncurrent assets plus other real estate owned to assets
0.93%Noncurrent loans to loans
0.13%Net loans and leases to deposits
87.01%Net loans and leases to core deposits
87.78%Equity capital to assets
14.41%Core capital (leverage) ratio
15.35%Tier 1 risk-based capital ratio
21.93%Total risk-based capital ratio
Memoranda
$23Average assets
$163,132Average earning assets
$24,000Average equity
$151,670Average loans

List of branches

8 Virginia Branches as of April 05, 2012

No	ID	Name	Address	Established	Service Type
0	10589	Virginia Bank And Trust Company	336 Main Street, Danville, VA 24541	November 23, 1945	Full Service Brick and Mortar
1	238033	Kings Fairground Plaza Branch	2600 Riverside Drive, Danville, VA 24541	April 04, 1973	Full Service Brick and Mortar
2	238034	North Danville Branch	3350 North Main Street, Danville, VA 24540	December 29, 1983	Full Service Brick and Mortar
3	238035	Airport Drive Branch	58 East And Airport Drive, Danville, VA 24541	November 30, 1989	Full Service Brick and Mortar
4	238036	Chatham Branch	55 North Main Street, Chatham, VA 24531	January 02, 1992	Full Service Brick and Mortar
5	238037	Mount Hermon Branch	4080 Franklin Turnpike, Danville, VA 24540	January 13, 1999	Full Service Brick and Mortar
6	452330	Brosville Office Branch	10370 Martinsville Hwy, Danville, VA 24541	June 19, 2006	Full Service Brick and Mortar
7	521475	Rustburg Branch	1729 Calohan Rd, Rustburg, VA 24588	December 02, 2010	Full Service Brick and Mortar

Cathy Garrott

⚠

I am the niece of Elise Gourley Berkley. She was chosen to be vice-president of Virginia Bank and Trust ... one of the first ladies in Virginia to be put into that position in a bank. (The other woman was Marie Gourley Neal - her sister - who was at Security Bank in Danville.) My younger daughter is in a high position at the bank she works for in the Seattle, Washington area, She has been so encouraged by Elise all of her life and she would like to put a picture of Elise at work (at Va. Bank & Trust) into her own office at the bank in WA. She would like a copy of the article from the Danville Register, but in order to get that she needs the date of the article. Do you have any of this information and can you share it with me? I am Cathy Gourley Garrott, missionary in Japan 40 + years and banked with Va. Bank & Trust many years. Thank you.

Virginia Bank and Trust Company in Danville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches

Virginia Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Virginia Bank and Trust Company in Danville, Virginia (VA)Overview, Financial Summary, Detailed Financial Reports, Branches

Virginia Bank and Trust Company - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

Virginia Bank and Trust Company in Danville, Virginia (VA)
Overview, Financial Summary, Detailed Financial Reports, Branches