Bank of Charles Town in Charles Town, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Bank of Charles Town in Charles Town, West Virginia (WV)
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Bank of Charles Town - Overview

  • General
  • FDIC Certificate #: 9023
    Status: Active
    Federal Reserve ID: 1014125
    Bank Holding Company (Regulatory Top Holder): Potomac Bancshares, Inc. (RSSDID: 2234920, Location: Charles Town, WV)
    Date Established: Febuary 20, 1870
    WWW: http://www.mybct.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 10239
    FDIC's unique #: 5764
    Numeric code: 21
    Regulator: FDIC
    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: January 01, 1934
    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: 111 East Washington Street, Charles Town, WV 25414
    County: Jefferson
    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): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900)
    Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $286.4 mil
    Equity capital: $24.5 mil
    Deposits held in domestic offices: $253.1 mil
    Return on assets (ROA): -0.32% (-$0.9 mil)
    Quarterly return on assets: 0.52% ($1.5 mil)
    Return on Equity (ROE): -3.67% (-$0.9 mil)
    Quarterly return on equity: 6.06% ($1.5 mil)
    Net income: -$0.9 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: -0.73% (-$2,090.9 mil)
    Quarterly Pretax return on assets: 0.69% ($1,976.3 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
  • 88Total employees (full-time equivalent)
  • $286,426Total assets
  • $12,933Cash and due from depository institutions
  • $9,229Interest-bearing balances
  • $41,538Securities
  • $794Federal funds sold & reverse repurchase agreements
  • $202,959Net loans & leases
  • $4,484Loan loss allowance
  • $0Trading account assets
  • $7,923Bank premises and fixed assets
  • $6,393Other real estate owned
  • $0Goodwill and other intangibles
  • $286,426Life insurance assets
  • $13,886All other assets
  • $261,935Total liabilities and capital
  • $253,123Total liabilities
  • $216,067Total deposits
  • $253,123Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 3415.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,523Trading liabilities
  • $0Other borrowed funds
  • $3,874Subordinated debt
  • $24,491All other liabilities
  • $24,491Total equity capital
  • $24,491Total bank equity capital
  • $0Perpetual preferred stock
  • $3,000Common stock
  • $3,000Surplus
  • $18,491Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $198Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,447Income earned, not collected on loans
  • $0Earning assets
  • $832Long-term assets (5+ years)
  • $254,520Average Assets, year-to-date
  • $95,783Average Assets, quarterly
  • $296,852Volatile liabilities
  • $289,602Insider loans
  • $208,279FHLB advances
  • $288,606Loans and leases held for sale
  • $6,932Unused loan commitments
  • $5,350Tier 1 (core) risk-based capital
  • $23,703Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,582Total unused commitments
  • $27,466Restructured Loans and leases
  • $3,224Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,571Total interest income
  • $2,900Total interest expense
  • $9,671Net interest income
  • $3,343Provision for loan and lease losses
  • $4,025Total noninterest income
  • $769Fiduciary activities
  • $1,831Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,425Additional noninterest income
  • $12,508Total noninterest expense
  • $4,969Salaries and employee benefits
  • $1,541Premises and equipment expense
  • $5,998Additional noninterest expense
  • -$2,155Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,219Applicable income taxes
  • -$936Income before extraordinary items
  • $0Extraordinary gains - net
  • -$936Net income attributable to bank
  • $0Net charge-offs
  • -$936Cash dividends
  • $3,871Sale, conversion, retirement of capital stock, net
  • $68Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.74%Yield on earning assets
  • 1.09%Cost of funding earning assets
  • 3.64%Net interest margin
  • 1.52%Noninterest income to earning assets
  • 4.71%Noninterest expense to earning assets
  • -0.32%Net operating income to assets
  • -0.32%Return on assets (ROA)
  • -0.73%Pretax return on assets
  • -3.67%Return on equity (ROE)
  • -3.94%Retained earnings to average equity (YTD only)
  • 1.83%Net charge-offs to loans
  • 86.36%Credit loss provision to net charge-offs
  • 0.31%Efficiency ratio
  • 91,326Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -7.26%Loss allowance to loans
  • 2.16%Loss allowance to noncurrent loans
  • 60.21%Noncurrent assets plus other real estate owned to assets
  • 4.83%Noncurrent loans to loans
  • 3.59%Net loans and leases to deposits
  • 80.18%Net loans and leases to core deposits
  • 88.06%Equity capital to assets
  • 8.55%Core capital (leverage) ratio
  • 8.21%Tier 1 risk-based capital ratio
  • 11.38%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $296,852Average earning assets
  • $25,471Average equity
  • $265,350Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $90,789Managed Assets
  • 1Number of Accounts
  • $59,936Personal trust and agency accounts
  • $52,382Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $7,553Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $1Non-managed Assets
  • 243Number of Accounts
  • $0Personal trust and agency accounts
  • $7,553Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $30,853Other retirement accounts
  • $30,649Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $204Fiduciary accounts held in foreign offices

List of branches

  • 5 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    05764Bank Of Charles Town111 East Washington Street, Charles Town, WV 25414Febuary 20, 1870Full Service Brick and Mortar
    115320Harpers Ferry Branch1318 Washington Street, Harpers Ferry, WV 25425July 17, 1975Full Service Brick and Mortar
    2219307Kearneysville Branch5480 Charles Town Road, Kearneysville, WV 25430April 10, 1985Full Service Brick and Mortar
    3363626Martinsburg Branch9738 Tuscarora Pike, Martinsburg, WV 25403July 12, 2001Full Service Brick and Mortar
    4419323Hedgesville Branch119 Cowardly Lion Drive, Hedgesville, WV 25427June 23, 2003Full Service Brick and Mortar

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