Advance Financial Savings Bank, FSB in Wellsburg, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 2004

  • Advance Financial Savings Bank, FSB in Wellsburg, West Virginia (WV)
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Advance Financial Savings Bank, FSB - Overview

  • General
  • FDIC Certificate #: 29472
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Parkvale Savings Bank (#30237)
    Federal Reserve ID: 562179
    Date Established: June 22, 1935
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 3507
    FDIC's unique #: 42306
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: June 22, 1935
    Last Structure Change Effective Date: December 31, 2004
    Last Structure Change Process Date: January 14, 2005
    Last Data Update: January 14, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1015 Commerce Street, Wellsburg, WV 26070
    County: Brooke
    Quarterly Banking Profile Region: Atlanta
    FDIC Geographic Region: Atlanta
    FDIC Supervisory Region: Atlanta
    FDIC Field Office: Scott Depot
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Northeast
    Metropolitan Statistical Area (MSA): Steubenville-Weirton, OH-WV (#8080)
    Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600)
    CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
  • Financial Summary
  • Total assets: $314.0 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, 2003)

  • Dollar figures in thousands
  • 94Total employees (full-time equivalent)
  • $323,344Total assets
  • $6,221Cash and due from depository institutions
  • $3,642Interest-bearing balances
  • $35,761Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $263,493Net loans & leases
  • $1,496Loan loss allowance
  • $0Trading account assets
  • $4,938Bank premises and fixed assets
  • $752Other real estate owned
  • $6,705Goodwill and other intangibles
  • $0Life insurance assets
  • $5,474All other assets
  • $323,344Total liabilities and capital
  • $296,209Total liabilities
  • $268,914Total deposits
  • $256,274Interest-bearing deposits
  • $268,914Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $26,800Other borrowed funds
  • $0Subordinated debt
  • $495All other liabilities
  • $27,135Total equity capital
  • $27,135Total bank equity capital
  • $27,135Perpetual preferred stock
  • $0Common stock
  • $10Surplus
  • $13,231Undivided profits
  • Memoranda
  • $13,894Noncurrent loans and leases
  • $22,945Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,623Earning assets
  • $0Long-term assets (5+ years)
  • $1,259Average Assets, year-to-date
  • $302,896Average Assets, quarterly
  • $0Volatile liabilities
  • $305,488Insider loans
  • $324,854FHLB advances
  • $72,603Loans and leases held for sale
  • $1,584Unused loan commitments
  • $26,800Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,945Total unused commitments
  • $0Restructured Loans and leases
  • $1,496Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $16,684Total interest income
  • $7,564Total interest expense
  • $9,120Net interest income
  • $917Provision for loan and lease losses
  • $1,769Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,769Additional noninterest income
  • $6,593Total noninterest expense
  • $3,299Salaries and employee benefits
  • $1,491Premises and equipment expense
  • $1,803Additional noninterest expense
  • $3,379Pre-tax net operating income
  • $850Securities gains (losses)
  • $1,435Applicable income taxes
  • $2,794Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,794Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $400Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.81%Yield on earning assets
  • 2.63%Cost of funding earning assets
  • 3.18%Net interest margin
  • 0.62%Noninterest income to earning assets
  • 2.30%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.91%Return on assets (ROA)
  • 1.38%Pretax return on assets
  • 10.80%Return on equity (ROE)
  • 10.80%Retained earnings to average equity (YTD only)
  • 0.17%Net charge-offs to loans
  • 229.25%Credit loss provision to net charge-offs
  • 10.74%Efficiency ratio
  • 58,959Assets per employee
  • 3.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.56%Loss allowance to noncurrent loans
  • 92.17%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 0.61%Net loans and leases to deposits
  • 97.98%Net loans and leases to core deposits
  • 118.10%Equity capital to assets
  • 8.39%Core capital (leverage) ratio
  • 6.58%Tier 1 risk-based capital ratio
  • 9.89%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $305,488Average earning assets
  • $25,877Average equity
  • $287,153Average loans

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