CB&T-Westover Bank, Inc. in Westover, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 10, 1993

  • CB&T-Westover Bank, Inc. in Westover, West Virginia (WV)
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CB&T-Westover Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 20738
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#6784)
    Federal Reserve ID: 855433
    Date Established: July 01, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 14323
    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: July 01, 1972
    Last Structure Change Effective Date: September 10, 1993
    Last Structure Change Process Date: September 21, 1993
    Last Data Update: September 21, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 176 Holland Avenue, Westover, WV 26502
    County: Monongalia
    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
    Core Based Statistical Area (CBSA): Morgantown, WV (#34060)
    CBSA Metro Statistical Area: Morgantown, WV (#34060)
  • Financial Summary
  • Total assets: $63.2 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $34Total assets
  • $64,045Cash and due from depository institutions
  • $1,791Interest-bearing balances
  • $4Securities
  • $17,157Federal funds sold & reverse repurchase agreements
  • $3,640Net loans & leases
  • $37,518Loan loss allowance
  • $524Trading account assets
  • $0Bank premises and fixed assets
  • $1,401Other real estate owned
  • $270Goodwill and other intangibles
  • $547Life insurance assets
  • $1,721All other assets
  • $0Total liabilities and capital
  • $64,045Total liabilities
  • $57,480Total deposits
  • $56,254Interest-bearing deposits
  • $50,052Deposits held in domestic offices
  • 56254.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $875Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $351Total equity capital
  • $351Total bank equity capital
  • $6,565Perpetual preferred stock
  • $0Common stock
  • $500Surplus
  • $5,957Undivided profits
  • Memoranda
  • $108Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $227Income earned, not collected on loans
  • $201Earning assets
  • $58,319Long-term assets (5+ years)
  • $13,248Average Assets, year-to-date
  • $59,554Average Assets, quarterly
  • $61,774Volatile liabilities
  • $7,394Insider loans
  • $17FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,550Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,844Total risk weighted assets
  • $36,685Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,138Total interest expense
  • $502Net interest income
  • $636Provision for loan and lease losses
  • $15Total noninterest income
  • $38Fiduciary activities
  • $0Service charges on deposit accounts
  • $21Trading account gains & fees
  • $0Additional noninterest income
  • $17Total noninterest expense
  • $413Salaries and employee benefits
  • $201Premises and equipment expense
  • $60Additional noninterest expense
  • $152Pre-tax net operating income
  • $246Securities gains (losses)
  • -$8Applicable income taxes
  • $80Income before extraordinary items
  • $158Extraordinary gains - net
  • $0Net income attributable to bank
  • $158Net charge-offs
  • $4Cash dividends
  • $50Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 2.05%Cost of funding earning assets
  • 0.91%Net interest margin
  • 1.15%Noninterest income to earning assets
  • 0.07%Noninterest expense to earning assets
  • 0.75%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.27%Pretax return on assets
  • 0.40%Return on equity (ROE)
  • 3.35%Retained earnings to average equity (YTD only)
  • 2.29%Net charge-offs to loans
  • 0.01%Credit loss provision to net charge-offs
  • 375.00%Efficiency ratio
  • 55,638Assets per employee
  • 1.88%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 31.65%Loss allowance to loans
  • 1.38%Loss allowance to noncurrent loans
  • 230.84%Noncurrent assets plus other real estate owned to assets
  • 0.78%Noncurrent loans to loans
  • 0.60%Net loans and leases to deposits
  • 66.69%Net loans and leases to core deposits
  • 75.44%Equity capital to assets
  • 10.25%Core capital (leverage) ratio
  • 7.77%Tier 1 risk-based capital ratio
  • 13.20%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $59,554Average earning assets
  • $4,715Average equity
  • $55,414Average loans

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