Bank One, West Virginia, St. Albans, National Association in St. Albans, West Virginia (WV)

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Bank One, West Virginia, St. Albans, National Association
GeneralFDIC Certificate #: 24837
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, West Virginia, National Association (#6768)
Federal Reserve ID: 841034
Date Established: November 07, 1983
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
FDIC's unique #: 17223
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: November 07, 1983
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
LocationAddress: 603-613 Maccorkle Avenue, St. Albans, WV 25177
County: Kanawha
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): Charleston, WV (#1480)
Core Based Statistical Area (CBSA): Charleston, WV (#16620)
CBSA Metro Statistical Area: Charleston, WV (#16620)
Financial SummaryTotal assets: $84.0 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)
Total employees (full-time equivalent)0
Total assets$43
Cash and due from depository institutions$84,986
Interest-bearing balances$2,098
Federal funds sold & reverse repurchase agreements$12,468
Net loans & leases$0
Loan loss allowance $66,923
Trading account assets$546
Bank premises and fixed assets$0
Other real estate owned$2,390
Goodwill and other intangibles$63
All other assets$87
Life insurance assets$957
Total liabilities and capital$0
Total liabilities$84,986
Total deposits$77,346
Interest-bearing deposits$64,922
Deposits held in domestic offices$57,439
% insured (estimated)64922.00%
Federal funds purchased & repurchase agreements $95
Trading liabilities$11,844
Other borrowed funds $0
Subordinated debt $0
All other liabilities $0
Total equity capital$580
Total bank equity capital$580
Perpetual preferred stock$7,640
Common stock$0
Undivided profits $3,905
Noncurrent loans and leases $1,460
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $680
Earning assets $141
Long-term assets (5+ years) $79,391
Average Assets, year-to-date $8,272
Average Assets, quarterly $80,587
Volatile liabilities $84,451
Insider loans $16,309
FHLB advances $4,164
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $6,546
Tier 2 risk-based capital $0
Total risk weighted assets $7,553
Total unused commitments $71,869
Restructured Loans and leases $0
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Income and Expense (December 31, 1993)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $6,466
Net interest income $2,152
Provision for loan and lease losses $4,314
Total noninterest income $5
Fiduciary activities $390
Service charges on deposit accounts $0
Trading account gains & fees $292
Additional noninterest income $0
Total noninterest expense $98
Salaries and employee benefits $2,837
Premises and equipment expense $1,174
Additional noninterest expense $330
Pre-tax net operating income $1,333
Securities gains (losses) $1,862
Applicable income taxes $1
Income before extraordinary items $701
Extraordinary gains - net $1,162
Net income attributable to bank $0
Net charge-offs $1,162
Cash dividends $157
Sale, conversion, retirement of capital stock, net $750
Net operating income $0
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Performance and Condition Ratios (December 31, 1993)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 8.67%
Net interest margin 2.88%
Noninterest income to earning assets 5.78%
Noninterest expense to earning assets 0.52%
Net operating income to assets 3.80%
Return on assets (ROA) 1.44%
Pretax return on assets 1.44%
Return on equity (ROE) 2.31%
Retained earnings to average equity (YTD only) 15.53%
Net charge-offs to loans 5.50%
Credit loss provision to net charge-offs 0.26%
Efficiency ratio3.18%
Assets per employee$59,928
Cash dividends to net income (YTD only)1.98%
Condition Ratios (%)
Loss allowance to loans 64.54%
Loss allowance to noncurrent loans 0.81%
Noncurrent assets plus other real estate owned to assets 80.29%
Noncurrent loans to loans 0.87%
Net loans and leases to deposits1.01%
Net loans and leases to core deposits 103.08%
Equity capital to assets 110.70%
Core capital (leverage) ratio 8.99%
Tier 1 risk-based capital ratio 9.07%
Total risk-based capital ratio 10.51%
Average assets$11
Average earning assets$80,587
Average equity $7,485
Average loans $74,607
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