Ameribank, Inc. in Welch, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 19, 2008

Ameribank, Inc. in Welch, West Virginia (WV)
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Ameribank, Inc. - Overview

General
FDIC Certificate #: 6782
Status: Inactive
Acquiring institution: Pioneer Community Bank, Inc. (#2448)
Federal Reserve ID: 711735
Date Established: January 01, 1906
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 14177
FDIC's unique #: 4558
Numeric code: 33
Regulator: OTS
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 19, 2008
Last Structure Change Process Date: September 30, 2008
Last Data Update: September 30, 2008
Data Source Date: April 05, 2012
Location
Address: 70 Mcdowell Street, Welch, WV 24801
County: Mcdowell
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
History of Changes
Partial Purchase & Assumption - Assisted
Corrections
Financial Summary
Total assets: $104.0 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, 2007)

Dollar figures in thousands
70Total employees (full-time equivalent)
$135,892Total assets
$8,165Cash and due from depository institutions
$598Interest-bearing balances
$196Securities
$11,736Federal funds sold & reverse repurchase agreements
$105,870Net loans & leases
$8,363Loan loss allowance
$0Trading account assets
$2,754Bank premises and fixed assets
$2,524Other real estate owned
$608Goodwill and other intangibles
$0Life insurance assets
$4,039All other assets
$135,892Total liabilities and capital
$126,268Total liabilities
$125,628Total deposits
$99,340Interest-bearing deposits
$125,628Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$640All other liabilities
$9,624Total equity capital
$9,624Total bank equity capital
$9,624Perpetual preferred stock
$0Common stock
$1,000Surplus
$13,861Undivided profits
Memoranda
$-5,237Noncurrent loans and leases
$7,784Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34,569Earning assets
$0Long-term assets (5+ years)
$641Average Assets, year-to-date
$118,400Average Assets, quarterly
$0Volatile liabilities
$154,381Insider loans
$139,820FHLB advances
$6,259Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$7,784Total unused commitments
$2,632Restructured Loans and leases
$1,472Derivatives

Income and Expense (December 31, 2007)

Dollar figures in thousands
$10,179Total interest income
$3,328Total interest expense
$6,851Net interest income
$12,684Provision for loan and lease losses
$252Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$252Additional noninterest income
$6,424Total noninterest expense
$3,071Salaries and employee benefits
$1,093Premises and equipment expense
$2,260Additional noninterest expense
-$12,005Pre-tax net operating income
$0Securities gains (losses)
-$1,872Applicable income taxes
-$10,133Income before extraordinary items
$0Extraordinary gains - net
-$10,133Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8,499Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 2007)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.37%Yield on earning assets
2.41%Cost of funding earning assets
4.96%Net interest margin
0.18%Noninterest income to earning assets
4.65%Noninterest expense to earning assets
-6.56%Net operating income to assets
-6.56%Return on assets (ROA)
-7.78%Pretax return on assets
-62.65%Return on equity (ROE)
-62.65%Retained earnings to average equity (YTD only)
6.19%Net charge-offs to loans
149.24%Credit loss provision to net charge-offs
0.08%Efficiency ratio
87,695Assets per employee
1.94%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
7.32%Loss allowance to noncurrent loans
24.19%Noncurrent assets plus other real estate owned to assets
27.30%Noncurrent loans to loans
30.26%Net loans and leases to deposits
84.27%Net loans and leases to core deposits
88.69%Equity capital to assets
7.08%Core capital (leverage) ratio
6.66%Tier 1 risk-based capital ratio
8.11%Total risk-based capital ratio
Memoranda
$9Average assets
$154,381Average earning assets
$16,174Average equity
$138,029Average loans

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