Vitals
  • Total Assets
    342.0M -2.8 %
  • Total Deposits
    294.4M -3.9 %
  • Total Net Loans
    219.1M -3.7 %
  • Net Income
    2.4M 71.6 %
  • Book Value
    33.3M 6.9 %
  • Book Value x2
    66.6M 6.9 %
  • Book Value x3
    99.9M 6.9 %
ROAA

.956

ROAE

10.144

Efficiency Ratio

65.681

Net Interest Margin

4.192

Balance Sheet Highlights
Financial Highlights Northern Neck State Bank All Insured Commercial Banks in Virginia
Balance Sheet $(000)
Total Assets 342,013 551,155
Total Net Loans 219,059 380,987
Total Deposits 294,353 448,586
Total Equity 33,287 55,336
Profitability
Net Income 2,439 2,066
Return on Average Assets .956 .327
Return on Average Equity 10.144 3.145
Net Interest Margin 4.192 3.891
Efficiency Ratio 65.681 73.27
Noninterest Income/Revenue 9.285 13.664
Balance Sheet Ratios
Loan-to-Deposit 74.421 83.966
Securities/Assets .265 .134
Total Equity/Total Assets .097 .1
Tangible Equity/Tangible Assets .095 .093
Capital Adequacy
Tier 1 Common Capital — —
Tier 1 Capital 30,549 49,551
Tier 2 Capital 2,289 5,033
Total Capital 32,838 54,521
Total Risk Weighted Assets 224,336 401,677
Leverage Ratio 8.98 9.771
Common Equity Tier 1 Capital Ratio — —
Tier 1 Capital Ratio 13.62 13.329
Total Capital Ratio 14.64 14.628

Timeline for Northern Neck State Bank

Union Bank & Trust

Northern Neck State Bank was acquired by Union Bank & Trust 13 years

View Profile Oct 12 2010

Union Insurance Group Llc

Union Insurance Group Llc became a new subsidiary organization for Northern Neck State Bank.

View Profile Sep 01 2003

Union Mortgage Company

Union Mortgage Company became a new subsidiary organization for Northern Neck State Bank.

View Profile Jan 01 1997

Northern Neck Service Company

Northern Neck Service Company became a new subsidiary organization for Northern Neck State Bank.

View Profile Mar 31 1994

Union Bankshares Corporation

Union Bankshares Corporation became a new parent organization for Northern Neck State Bank.

View Profile Jul 13 1993

Want to see more?

Complete timeline for Northern Neck State Bank is available.

View Complete Timeline
Acquisitions & Mergers Role Assets Acct Method Type Transaction Date
Union Bank & Trust Buyer 8,242,173 Pooling of Interests Discontinued 10/12/2010
Relationships Role Relationship Start Relationship End
Union Bankshares Corporation Parent 7/13/1993 10/11/2010
Northern Neck Bankshares Corporation Parent 1/11/1985 7/12/1993
Northern Neck Service Company Subsidary 6/30/2007 10/11/2010
Union Insurance Group Llc Subsidary 9/1/2003 10/11/2010
Northern Neck Service Company Subsidary 3/31/1994 6/29/2007
Union Mortgage Company Subsidary 1/1/1997 12/31/1999
Similar Organizations
Organization City State Total Assets
Commercial State Bank
 		El Campo TX 343.7M
Platte Valley Bank
 		Torrington WY 346.0M
First State Bank And Trust Company, Inc.
 		Caruthersville MO 331.6M
Citizens State Bank
 		Wisner NE 330.5M
Bank Of Bartlett
 		Bartlett TN 358.7M
The St. Henry Bank
 		St. Henry OH 317.6M
The Peoples Bank
 		Pratt KS 360.4M
Lapeer County Bank & Trust Co.
 		Lapeer MI 339.2M
Professional Bank
 		Coral Gables FL 371.6M
The Friendship State Bank
 		Friendship IN 347.2M