Patrick Henry National Bank
Bassett, VA — Domestic Branch of a Domestic Bank
Acquired Dec 2006
Vitals
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Total Assets396.3M 2.6 %
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Total Deposits369.4M 2.4 %
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Total Net Loans240.6M 11.3 %
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Net Income1.7M 14.2 %
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Book Value24.6M 3.8 %
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Book Value x249.3M 3.8 %
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Book Value x373.9M 3.8 %
Balance Sheet Highlights
Financial Highlights | Patrick Henry National Bank | All Insured Commercial Banks in Virginia |
Balance Sheet $(000) | ||
Total Assets | 396,279 | 364,717 |
Total Net Loans | 240,552 | 263,512 |
Total Deposits | 369,385 | 292,857 |
Total Equity | 24,629 | 37,688 |
Profitability | ||
Net Income | 1,704 | 14,801 |
Return on Average Assets | .585 | 1.119 |
Return on Average Equity | 9.367 | 11.312 |
Net Interest Margin | 2.907 | 4.223 |
Efficiency Ratio | 69.516 | 66.252 |
Noninterest Income/Revenue | 5.288 | 13.317 |
Balance Sheet Ratios | ||
Loan-to-Deposit | 65.122 | 85.949 |
Securities/Assets | .22 | .599 |
Total Equity/Total Assets | .062 | .103 |
Tangible Equity/Tangible Assets | .062 | -.198 |
Capital Adequacy | ||
Tier 1 Common Capital | — | — |
Tier 1 Capital | 24,629 | 34,382 |
Tier 2 Capital | 2,578 | 3,131 |
Total Capital | 27,207 | 37,707 |
Total Risk Weighted Assets | 239,118 | 277,728 |
Leverage Ratio | 6.3 | 10.506 |
Common Equity Tier 1 Capital Ratio | — | — |
Tier 1 Capital Ratio | 10.3 | 14.084 |
Total Capital Ratio | 11.38 | 15.254 |
Timeline for Patrick Henry National Bank
Carter Bank & Trust
Patrick Henry National Bank was acquired by Carter Bank & Trust 17 years
View Profile Dec 30 2006Mountain National Bank
Patrick Henry National Bank was acquired by Mountain National Bank 28 years
View Profile Jul 01 1996Shenandoah National Bank
Patrick Henry National Bank was acquired by Shenandoah National Bank 28 years
View Profile Jul 01 1996Galax Savings And Loan Association
Acquisition: Patrick Henry National Bank acquired a new subsidiary, Galax Savings And Loan Association, 40 years
View Profile Apr 23 1984Patrick Henry National Bank
Patrick Henry National Bank was established 47 years ago and is currently headquartered in Bassett, VA.
Oct 29 1976Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
Carter Bank & Trust | Buyer | 4,743,943 | Acquisition | Discontinued | 12/30/2006 |
Mountain National Bank | Buyer | 240,479 | Split | 7/1/1996 | |
Shenandoah National Bank | Buyer | 116,897 | Split | 7/1/1996 | |
Galax Savings And Loan Association | Seller | 27,328 | Discontinued | 4/23/1984 |
Relationships | Role | Relationship Start | Relationship End |
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