BCBank, Inc. in Philippi, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

BCBank, Inc. - Overview

  • General
  • FDIC Certificate #: 20215
    Status: Active
    Federal Reserve ID: 829032
    Bank Holding Company (Regulatory Top Holder): Appalachian Financial Corporation (RSSDID: 1141115, Location: Philippi, WV)
    Date Established: June 27, 1970
    WWW: http://www.bcbankinc.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 13897
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 29, 1970
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 107 Pike Street, Philippi, WV 26416
    County: Barbour
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $112.5 mil
    Equity capital: $10.5 mil
    Deposits held in domestic offices: $100.3 mil
    Return on assets (ROA): 0.18% ($0.2 mil)
    Quarterly return on assets: -0.15% (-$0.2 mil)
    Return on Equity (ROE): 1.85% ($0.2 mil)
    Quarterly return on equity: -1.60% (-$0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: -$0.0 mil
    Pretax return on assets: 0.24% ($270.1 mil)
    Quarterly Pretax return on assets: -0.13% (-$146.3 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, 2011)

  • Dollar figures in thousands
  • 34Total employees (full-time equivalent)
  • $112,545Total assets
  • $6,503Cash and due from depository institutions
  • $5,336Interest-bearing balances
  • $31,211Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $60,752Net loans & leases
  • $1,049Loan loss allowance
  • $0Trading account assets
  • $5,816Bank premises and fixed assets
  • $2,556Other real estate owned
  • $0Goodwill and other intangibles
  • $112,545Life insurance assets
  • $5,707All other assets
  • $102,010Total liabilities and capital
  • $100,310Total liabilities
  • $86,789Total deposits
  • $100,310Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,700Subordinated debt
  • $10,535All other liabilities
  • $10,535Total equity capital
  • $10,535Total bank equity capital
  • $0Perpetual preferred stock
  • $320Common stock
  • $1,000Surplus
  • $9,215Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,724Income earned, not collected on loans
  • $0Earning assets
  • $317Long-term assets (5+ years)
  • $97,299Average Assets, year-to-date
  • $51,019Average Assets, quarterly
  • $112,189Volatile liabilities
  • $112,837Insider loans
  • $77,625FHLB advances
  • $112,788Loans and leases held for sale
  • $2,710Unused loan commitments
  • $2,710Tier 1 (core) risk-based capital
  • $10,713Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,555Restructured Loans and leases
  • $1,227Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,494Total interest income
  • $831Total interest expense
  • $3,663Net interest income
  • $320Provision for loan and lease losses
  • $497Total noninterest income
  • $0Fiduciary activities
  • $196Service charges on deposit accounts
  • $0Trading account gains & fees
  • $301Additional noninterest income
  • $3,574Total noninterest expense
  • $1,607Salaries and employee benefits
  • $727Premises and equipment expense
  • $1,240Additional noninterest expense
  • $266Pre-tax net operating income
  • $0Securities gains (losses)
  • $69Applicable income taxes
  • $197Income before extraordinary items
  • $0Extraordinary gains - net
  • $197Net income attributable to bank
  • $0Net charge-offs
  • $197Cash dividends
  • $791Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.86%Cost of funding earning assets
  • 3.78%Net interest margin
  • 0.51%Noninterest income to earning assets
  • 3.69%Noninterest expense to earning assets
  • 0.18%Net operating income to assets
  • 0.18%Return on assets (ROA)
  • 0.24%Pretax return on assets
  • 1.85%Return on equity (ROE)
  • 1.85%Retained earnings to average equity (YTD only)
  • 1.25%Net charge-offs to loans
  • 40.46%Credit loss provision to net charge-offs
  • 0.74%Efficiency ratio
  • 85,913Assets per employee
  • 3.31%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 38.51%Noncurrent assets plus other real estate owned to assets
  • 4.69%Noncurrent loans to loans
  • 4.41%Net loans and leases to deposits
  • 60.56%Net loans and leases to core deposits
  • 61.62%Equity capital to assets
  • 9.36%Core capital (leverage) ratio
  • 9.50%Tier 1 risk-based capital ratio
  • 13.80%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $112,189Average earning assets
  • $10,671Average equity
  • $96,895Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $559Managed Assets
  • 1Number of Accounts
  • $559Personal trust and agency accounts
  • $559Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 16Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013897Bcbank, Inc.107 Pike Street, Philippi, WV 26416June 27, 1970Full Service Brick and Mortar
    1419390Nutter Fort Office1105 Buckhannon Pike, Nutter Fort, WV 26301September 10, 2002Full Service Brick and Mortar
    2467462Fairmont Branch936 East Park Avenue, Fairmont, WV 26554August 06, 2007Full Service Brick and Mortar

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