Bank of Mingo in Williamson, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

Bank of Mingo - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 44Total employees (full-time equivalent)
  • $113,150Total assets
  • $13,691Cash and due from depository institutions
  • $6,950Interest-bearing balances
  • $35,636Securities
  • $2,610Federal funds sold & reverse repurchase agreements
  • $55,957Net loans & leases
  • $1,420Loan loss allowance
  • $0Trading account assets
  • $2,937Bank premises and fixed assets
  • $976Other real estate owned
  • $0Goodwill and other intangibles
  • $113,150Life insurance assets
  • $1,343All other assets
  • $96,846Total liabilities and capital
  • $96,510Total liabilities
  • $76,735Total deposits
  • $96,510Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $336Subordinated debt
  • $16,304All other liabilities
  • $16,304Total equity capital
  • $16,304Total bank equity capital
  • $0Perpetual preferred stock
  • $400Common stock
  • $400Surplus
  • $15,504Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,594Income earned, not collected on loans
  • $0Earning assets
  • $530Long-term assets (5+ years)
  • $101,153Average Assets, year-to-date
  • $36,447Average Assets, quarterly
  • $114,920Volatile liabilities
  • $114,059Insider loans
  • $59,190FHLB advances
  • $114,440Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $16,121Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $709Restructured Loans and leases
  • $1,333Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,057Total interest income
  • $1,226Total interest expense
  • $4,831Net interest income
  • $11Provision for loan and lease losses
  • $813Total noninterest income
  • $0Fiduciary activities
  • $454Service charges on deposit accounts
  • $0Trading account gains & fees
  • $359Additional noninterest income
  • $4,667Total noninterest expense
  • $1,689Salaries and employee benefits
  • $911Premises and equipment expense
  • $2,067Additional noninterest expense
  • $966Pre-tax net operating income
  • $24Securities gains (losses)
  • $218Applicable income taxes
  • $772Income before extraordinary items
  • $0Extraordinary gains - net
  • $772Net income attributable to bank
  • $0Net charge-offs
  • $772Cash dividends
  • $303Sale, conversion, retirement of capital stock, net
  • $360Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.89%Yield on earning assets
  • 1.19%Cost of funding earning assets
  • 4.69%Net interest margin
  • 0.79%Noninterest income to earning assets
  • 4.53%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 0.86%Pretax return on assets
  • 4.83%Return on equity (ROE)
  • 2.58%Retained earnings to average equity (YTD only)
  • 0.50%Net charge-offs to loans
  • 3.63%Credit loss provision to net charge-offs
  • 3.22%Efficiency ratio
  • 82,690Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.63%Loss allowance to loans
  • 2.47%Loss allowance to noncurrent loans
  • 39.51%Noncurrent assets plus other real estate owned to assets
  • 4.04%Noncurrent loans to loans
  • 6.26%Net loans and leases to deposits
  • 57.98%Net loans and leases to core deposits
  • 60.39%Equity capital to assets
  • 14.41%Core capital (leverage) ratio
  • 14.09%Tier 1 risk-based capital ratio
  • 27.24%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $114,920Average earning assets
  • $15,973Average equity
  • $102,911Average loans

List of branches

  • 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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