American National Bankshares Inc. operates as the bank holding company for American National Bank and Trust Company that provides a range of financial products and services. As of December 31, 2015, the operations of the company were conducted at 25 banking offices and 2 loan production offices in Roanoke, Virginia and Raleigh, North Carolina. The company's market areas in North Carolina are Alamance County and Guilford County. The company’s financial products and services include commercial, mortgage, and consumer banking; trust and investment services; and insurance. Services are also provided through 33 automated teller machines, online banking, and telephone banking. The company has two segments, Community Banking, and Trust and Investment Services. Loans The company’s loan portfolio consists primarily of commercial and residential real estate loans, commercial loans to small and medium-sized businesses, construction and land development loans, and home equity loans. Securities As of December 31, 2015, the company’s securities included federal agencies and government sponsored enterprises; mortgage-backed and collateralized mortgage obligations; state and municipal securities; corporate securities; and equity securities. Deposits The company's deposits consist primarily of checking, money market, savings, and consumer and commercial time deposits. Supervision and Regulation The company is qualified as a bank holding company within the meaning of the Bank Holding Company Act of 1956, as amended, and is registered as such with the Board of Governors of the Federal Reserve System (the ‘FRB’). The company is subject to supervision, regulation and examination by the FRB and is required to file various reports and additional information with the FRB. The company is also registered under the bank holding company laws of Virginia and is subject to supervision, regulation and examination by the Virginia State Corporation Commission. The bank is a federally chartered national bank and is a member of the Federal Reserve System. It is subject to federal regulation by the Office of the Comptroller of the Currency, the FRB, and the Federal Deposit Insurance Corporation. The deposits of the bank are insured up to applicable limits by the Deposit Insurance Fund of the Federal Deposit Insurance Corporation and are subject to deposit insurance assessments to maintain the Deposit Insurance Fund. The company's common stock is registered under Section 12 of the Securities Exchange Act of 1934. Pursuant to Sections 23A and 23B of the Federal Reserve Act and Regulation W, the authority of the bank to engage in transactions with related parties or ‘affiliates’ or to make loans to insiders is limited. The company is subject to various federal and state consumer protection laws that extensively govern its relationship with its customers. These laws include the Equal Credit Opportunity Act, the Fair Credit Reporting Act, the Truth in Lending Act, the Truth in Savings Act, the Electronic Fund Transfer Act, the Expedited Funds Availability Act, the Home Mortgage Disclosure Act, the Fair Housing Act, the Real Estate Settlement Procedures Act, the Fair Debt Collection Practices Act, the Service Members Civil Relief Act, laws governing flood insurance, federal and state laws prohibiting unfair and deceptive business practices, foreclosure laws, and various regulations that implement some or all of the foregoing. The company was rated ‘satisfactory’ in its Community Reinvestment Act evaluation. The company is subject to the Bank Secrecy Act and other anti-money laundering laws and regulations, including the USA Patriot Act of 2001. History American National Bankshares Inc. was founded in 1909. The company was incorporated under the laws of the Commonwealth of Virginia in 1984.
amer natl bnkshs/danville va
628 Main Street
Danville, VA 24541
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