Bank of Floyd

Bank of Floyd is headquartered in Floyd and is the 69^th largest bank in the state of Virginia. It is also the 2,477^th largest bank in the nation. It was established in 1951 and as of December of 2011, it had grown to 68 employees at 7 locations. Bank of Floyd has a 3-star health rating.

Data for Q4 2011

Institution Statistics Bank of Floyd FDIC Certificate # 16993 BankRate Report View Year Established 1951 Employees 68 Primary Regulator FED Assets and Liabilities Assets $258.79 million Loans $122.03 million Deposits $234.18 million Equity Capital $23.91 million Loan Loss Allowance $2.58 million Unbacked Noncurrent Loans $10.94 million Real Estate Owned $2.98 million Historic Data - December 2010 Assets $240.12 million Equity Capital $22.22 million Loan Loss Allowance $2.73 million Unbacked Noncurrent Loans $6.27 million Real Estate Owned $509,000 Profit Margin - Quarterly Net Interest Margin 2.93% Return on Assets 0.56% Return on Equity 5.91% Interest Income $9.72 million

Institution Health Overall Score: 3 out of 5 Texas Ratio The Texas Ratio is an indicator of how much funds a bank has available compared to the total value of loans considered at risk. As of December 31, 2011 Bank of Floyd had $13.92 million in non-current loans and owned real-estate with $26.49 million in equity and loan loss allowances on hand to cover it. This gives Bank of Floyd a Texas Ratio of 52.54% which is below average. Any bank with a Texas Ratio near or greater than 100% is considered at risk. Texas Ratio Trend The Texas Ratio for Bank of Floyd increased slightly from 27.15% as of December 31, 2010 to 52.54% as of December 31, 2011, resulting in a negative change of 93.55%. This indicates that the balance sheet and financial strength for Bank of Floyd has declined slightly in recent periods. Deposit Growth In the past year, Bank of Floyd has increased its total deposits by $16.48 million, resulting in 7.57% growth for the year. A strong track record of growth is an indicator of consumer confidence and the bank's ability to strengthen its balance sheet. The growth Bank of Floyd has shown is excellent. Capitalization Both FDIC and NCUA consider capitalization levels of banks and credit unions to be of high importance. Higher capitalization allows for a greater buffer when cover loans that may fail in the future. Bank of Floyd has $258.79 million in assets with $26.49 million in equity, resulting in a capitalization level of 10.24%, which is above average.

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