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



Show street view No street view available for this location
Table of contents:
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
Securities$0
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
Surplus$2,275
Undivided profits $3,905
Memoranda
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
Derivatives$16,800
Back to page top, Back to table top

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
Back to page top, Back to table top

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%
Memoranda
Average assets$11
Average earning assets$80,587
Average equity $7,485
Average loans $74,607
Back to page top, Back to table top

User Contributions:

Comment about this bank, ask questions, or add new information about it:

CAPTCHA


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Bank One, West Virginia, St. Albans, National Association.
Based on public records. Inadvertent errors are possible.
BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.