Bank One, West Virginia, Nicholas County, Inc. in Summersville, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1994

  • Bank One, West Virginia, Nicholas County, Inc. in Summersville, West Virginia (WV)
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Bank One, West Virginia, Nicholas County, Inc. - Overview

  • General
  • FDIC Certificate #: 15446
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank One, West Virginia, National Association (#6768)
    Federal Reserve ID: 788830
    Date Established: April 17, 1900
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 9758
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: December 21, 1936
    Last Structure Change Effective Date: September 30, 1994
    Last Structure Change Process Date: October 13, 1994
    Last Data Update: October 13, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 509 Main Street, Summersville, WV 26651
    County: Nicholas
    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
  • Financial Summary
  • Total assets: $93.7 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $27Total assets
  • $94,921Cash and due from depository institutions
  • $1,622Interest-bearing balances
  • $0Securities
  • $64,696Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $26,069Loan loss allowance
  • $264Trading account assets
  • $0Bank premises and fixed assets
  • $738Other real estate owned
  • $264Goodwill and other intangibles
  • $1,532Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $94,921Total liabilities
  • $85,997Total deposits
  • $73,731Interest-bearing deposits
  • $65,137Deposits held in domestic offices
  • 73731.00%% insured (estimated)
  • $94Federal funds purchased & repurchase agreements
  • $11,751Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $515Total equity capital
  • $515Total bank equity capital
  • $8,924Perpetual preferred stock
  • $0Common stock
  • $1,100Surplus
  • $1,100Undivided profits
  • Memoranda
  • $6,724Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $72Income earned, not collected on loans
  • $163Earning assets
  • $90,765Long-term assets (5+ years)
  • $27,837Average Assets, year-to-date
  • $89,851Average Assets, quarterly
  • $94,591Volatile liabilities
  • $16,308Insider loans
  • $1,200FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $2,457Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,924Total risk weighted assets
  • $36,593Total unused commitments
  • $0Restructured Loans and leases
  • $5,400Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,245Total interest expense
  • $2,504Net interest income
  • $3,741Provision for loan and lease losses
  • $47Total noninterest income
  • $207Fiduciary activities
  • $0Service charges on deposit accounts
  • $145Trading account gains & fees
  • $0Additional noninterest income
  • $62Total noninterest expense
  • $1,924Salaries and employee benefits
  • $890Premises and equipment expense
  • $191Additional noninterest expense
  • $843Pre-tax net operating income
  • $1,977Securities gains (losses)
  • $36Applicable income taxes
  • $566Income before extraordinary items
  • $1,447Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,447Net charge-offs
  • $24Cash dividends
  • $946Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.29%Cost of funding earning assets
  • 2.92%Net interest margin
  • 4.37%Noninterest income to earning assets
  • 0.24%Noninterest expense to earning assets
  • 2.25%Net operating income to assets
  • 1.58%Return on assets (ROA)
  • 1.61%Pretax return on assets
  • 2.24%Return on equity (ROE)
  • 16.62%Retained earnings to average equity (YTD only)
  • 5.75%Net charge-offs to loans
  • 0.10%Credit loss provision to net charge-offs
  • 195.83%Efficiency ratio
  • 48,734Assets per employee
  • 3.52%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.38%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 366.67%Noncurrent assets plus other real estate owned to assets
  • 0.35%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 35.36%Net loans and leases to core deposits
  • 37.69%Equity capital to assets
  • 9.40%Core capital (leverage) ratio
  • 9.67%Tier 1 risk-based capital ratio
  • 24.39%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $89,851Average earning assets
  • $8,709Average equity
  • $85,660Average loans

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