Bank of Mingo in Williamson, West Virginia (WV)

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Bank of Mingo routing number info

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Bank of Mingo
GeneralFDIC Certificate #: 22273
Status: Active
Federal Reserve ID: 706236
Date Established: May 17, 1976
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 15485
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: All Other Specialization < 1 Billion
Date of Deposit Insurance: May 17, 1976
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
LocationAddress: 10 Commerce Bank, Williamson, WV 25661
County: Mingo
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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $113.2 mil
Equity capital: $16.3 mil
Deposits held in domestic offices: $96.5 mil
Return on assets (ROA): 0.67% ($0.8 mil)
Quarterly return on assets: 0.82% ($0.9 mil)
Return on Equity (ROE): 4.83% ($0.8 mil)
Quarterly return on equity: 5.75% ($0.9 mil)
Net income: $0.8 mil
Quarterly Net income: $0.2 mil
Pretax return on assets: 0.86% ($973.1 mil)
Quarterly Pretax return on assets: 0.99% ($1,120.2 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)
Total employees (full-time equivalent)44
Total assets$113,150
Cash and due from depository institutions$13,691
Interest-bearing balances$6,950
Federal funds sold & reverse repurchase agreements$2,610
Net loans & leases$55,957
Loan loss allowance $1,420
Trading account assets$0
Bank premises and fixed assets$2,937
Other real estate owned$976
Goodwill and other intangibles$0
All other assets$1,343
Life insurance assets$113,150
Total liabilities and capital$96,846
Total liabilities$96,510
Total deposits$76,735
Interest-bearing deposits$96,510
Deposits held in domestic offices$98
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $336
All other liabilities $16,304
Total equity capital$16,304
Total bank equity capital$16,304
Perpetual preferred stock$0
Common stock$400
Undivided profits $15,504
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $3,594
Earning assets $0
Long-term assets (5+ years) $530
Average Assets, year-to-date $101,153
Average Assets, quarterly $36,447
Volatile liabilities $114,920
Insider loans $114,059
FHLB advances $59,190
Loans and leases held for sale $114,440
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $16,121
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $709
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $6,057
Total interest expense $1,226
Net interest income $4,831
Provision for loan and lease losses $11
Total noninterest income $813
Fiduciary activities $0
Service charges on deposit accounts $454
Trading account gains & fees $0
Additional noninterest income $359
Total noninterest expense $4,667
Salaries and employee benefits $1,689
Premises and equipment expense $911
Additional noninterest expense $2,067
Pre-tax net operating income $966
Securities gains (losses) $24
Applicable income taxes $218
Income before extraordinary items $772
Extraordinary gains - net $0
Net income attributable to bank $772
Net charge-offs $0
Cash dividends $772
Sale, conversion, retirement of capital stock, net $303
Net operating income $360
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.89%
Cost of funding earning assets 1.19%
Net interest margin 4.69%
Noninterest income to earning assets 0.79%
Noninterest expense to earning assets 4.53%
Net operating income to assets 0.66%
Return on assets (ROA) 0.67%
Pretax return on assets 0.86%
Return on equity (ROE) 4.83%
Retained earnings to average equity (YTD only) 2.58%
Net charge-offs to loans 0.50%
Credit loss provision to net charge-offs 3.63%
Efficiency ratio3.22%
Assets per employee$82,690
Cash dividends to net income (YTD only)2.57%
Condition Ratios (%)
Loss allowance to loans 46.63%
Loss allowance to noncurrent loans 2.47%
Noncurrent assets plus other real estate owned to assets 39.51%
Noncurrent loans to loans 4.04%
Net loans and leases to deposits6.26%
Net loans and leases to core deposits 57.98%
Equity capital to assets 60.39%
Core capital (leverage) ratio 14.41%
Tier 1 risk-based capital ratio 14.09%
Total risk-based capital ratio 27.24%
Average assets$28
Average earning assets$114,920
Average equity $15,973
Average loans $102,911
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6 West Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
015485Bank Of Mingo10 Commerce Bank, Williamson, WV 25661May 17, 1976Full Service Brick and Mortar
1254308Delbarton BranchU.S. Highway 52 And State Route 65, Delbarton, WV 25670December 13, 1982Full Service Brick and Mortar
2254309Gilbert BranchStafford Street And Second Avenue, Gilbert, WV 25621March 07, 1985Full Service Brick and Mortar
4360549Williamson Branch406 Dickinson Street, Williamson, WV 25661April 30, 2001Full Service Brick and Mortar
5363039Matewan BranchSouthwest Corner Of Bridge And Mate Street, Matewan, WV 25678January 07, 2002Full Service Brick and Mortar
6457868Naugatuck BranchIntersection Of Us Route 52 And State Route 65, Naugatuck, WV 25685January 03, 2007Limited Service Facility
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