Bank of Raleigh in Beckley, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 26, 1999

  • Bank of Raleigh in Beckley, West Virginia (WV)
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Bank of Raleigh - Overview

  • General
  • FDIC Certificate #: 2442
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City National Bank of West Virginia (#17735)
    Federal Reserve ID: 805625
    Date Established: May 01, 1899
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 9 (Interstate: No)
    OTS Docket #: 10437
    FDIC's unique #: 1597
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 26, 1999
    Last Structure Change Process Date: July 20, 1999
    Last Data Update: July 20, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: One Park Avenue, Beckley, WV 25801
    County: Raleigh
    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
    Combined Statistical Area (CSA): Beckley-Oak Hill, WV (#138)
    Core Based Statistical Area (CBSA): Beckley, WV (#13220)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $427.0 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 117Total employees (full-time equivalent)
  • $417,593Total assets
  • $9,616Cash and due from depository institutions
  • $0Interest-bearing balances
  • $90,835Securities
  • $300Federal funds sold & reverse repurchase agreements
  • $299,933Net loans & leases
  • $2,867Loan loss allowance
  • $0Trading account assets
  • $3,610Bank premises and fixed assets
  • $160Other real estate owned
  • $3,210Goodwill and other intangibles
  • $0Life insurance assets
  • $9,929All other assets
  • $417,593Total liabilities and capital
  • $378,589Total liabilities
  • $314,541Total deposits
  • $266,803Interest-bearing deposits
  • $314,541Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $56,807Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $7,241All other liabilities
  • $39,004Total equity capital
  • $39,004Total bank equity capital
  • $39,004Perpetual preferred stock
  • $0Common stock
  • $960Surplus
  • $13,790Undivided profits
  • Memoranda
  • $24,254Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,823Earning assets
  • $356Long-term assets (5+ years)
  • $4,024Average Assets, year-to-date
  • $391,068Average Assets, quarterly
  • $112,898Volatile liabilities
  • $401,483Insider loans
  • $412,417FHLB advances
  • $104,405Loans and leases held for sale
  • $3,589Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $50,797Total unused commitments
  • $0Restructured Loans and leases
  • $293,841Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $31,181Total interest income
  • $14,643Total interest expense
  • $16,538Net interest income
  • $690Provision for loan and lease losses
  • $3,023Total noninterest income
  • $588Fiduciary activities
  • $991Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,444Additional noninterest income
  • $14,117Total noninterest expense
  • $4,195Salaries and employee benefits
  • $551Premises and equipment expense
  • $9,371Additional noninterest expense
  • $4,754Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,591Applicable income taxes
  • $2,163Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,163Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,649Sale, conversion, retirement of capital stock, net
  • $11,140Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.35%Yield on earning assets
  • 3.92%Cost of funding earning assets
  • 4.43%Net interest margin
  • 0.81%Noninterest income to earning assets
  • 3.78%Noninterest expense to earning assets
  • 0.54%Net operating income to assets
  • 0.54%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 4.81%Return on equity (ROE)
  • -19.98%Retained earnings to average equity (YTD only)
  • 0.57%Net charge-offs to loans
  • 41.84%Credit loss provision to net charge-offs
  • 3.30%Efficiency ratio
  • 69,577Assets per employee
  • 3.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 515.03%Loss allowance to loans
  • 0.95%Loss allowance to noncurrent loans
  • 101.56%Noncurrent assets plus other real estate owned to assets
  • 0.71%Noncurrent loans to loans
  • 0.93%Net loans and leases to deposits
  • 95.36%Net loans and leases to core deposits
  • 112.36%Equity capital to assets
  • 9.34%Core capital (leverage) ratio
  • 8.40%Tier 1 risk-based capital ratio
  • 11.91%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $401,483Average earning assets
  • $44,937Average equity
  • $373,430Average loans

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