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

This bank is inactive as of August 31, 1996

Bank of Weirton in Weirton, West Virginia (WV)
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Bank of Weirton - Overview

General
FDIC Certificate #: 9995
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank, Inc. (#803)
Federal Reserve ID: 597126
Date Established: January 10, 1912
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 6389
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 31, 1996
Last Structure Change Process Date: September 12, 1996
Last Data Update: September 12, 1996
Data Source Date: April 05, 2012
Location
Address: 333 Penco Road, Weirton, WV 26062
County: Hancock
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): Steubenville-Weirton, OH-WV (#8080)
Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600)
CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
Financial Summary
Total assets: $178.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$39Total assets
$177,126Cash and due from depository institutions
$5,155Interest-bearing balances
$0Securities
$99,135Federal funds sold & reverse repurchase agreements
$23,000Net loans & leases
$42,659Loan loss allowance
$692Trading account assets
$0Bank premises and fixed assets
$5,369Other real estate owned
$0Goodwill and other intangibles
$1,808Life insurance assets
$0All other assets
$0Total liabilities and capital
$177,126Total liabilities
$140,169Total deposits
$139,370Interest-bearing deposits
$122,770Deposits held in domestic offices
139370.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$799Total equity capital
$799Total bank equity capital
$36,957Perpetual preferred stock
$0Common stock
$1,300Surplus
$7,700Undivided profits
Memoranda
$27,957Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$28Income earned, not collected on loans
$110Earning assets
$164,794Long-term assets (5+ years)
$39,912Average Assets, year-to-date
$179,544Average Assets, quarterly
$178,047Volatile liabilities
$4,433Insider loans
$4,306FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,385Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$36,957Total risk weighted assets
$46,823Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$10,183Total interest expense
$4,700Net interest income
$5,483Provision for loan and lease losses
$18Total noninterest income
$269Fiduciary activities
$0Service charges on deposit accounts
$109Trading account gains & fees
$0Additional noninterest income
$160Total noninterest expense
$3,043Salaries and employee benefits
$1,513Premises and equipment expense
$695Additional noninterest expense
$835Pre-tax net operating income
$2,691Securities gains (losses)
$0Applicable income taxes
$576Income before extraordinary items
$2,115Extraordinary gains - net
$0Net income attributable to bank
$2,115Net charge-offs
-$31Cash dividends
$832Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
6.12%Cost of funding earning assets
2.82%Net interest margin
3.29%Noninterest income to earning assets
0.16%Noninterest expense to earning assets
1.83%Net operating income to assets
1.18%Return on assets (ROA)
1.18%Pretax return on assets
1.50%Return on equity (ROE)
5.82%Retained earnings to average equity (YTD only)
3.53%Net charge-offs to loans
-0.08%Credit loss provision to net charge-offs
-58.06%Efficiency ratio
52,903Assets per employee
4.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
39.34%Loss allowance to loans
1.60%Loss allowance to noncurrent loans
2471.43%Noncurrent assets plus other real estate owned to assets
0.02%Noncurrent loans to loans
0.06%Net loans and leases to deposits
30.61%Net loans and leases to core deposits
31.61%Equity capital to assets
20.86%Core capital (leverage) ratio
20.62%Tier 1 risk-based capital ratio
78.93%Total risk-based capital ratio
Memoranda
$80Average assets
$179,544Average earning assets
$36,319Average equity
$166,518Average loans

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