Centra Bank, Inc. in Morgantown, West Virginia (WV), PA, MD
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Centra Bank, Inc. in Morgantown, West Virginia (WV), PA, MD
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Centra Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 35364
    Status: Active
    Federal Reserve ID: 2856500
    Bank Holding Company (Regulatory Top Holder): United Bankshares, Inc. (RSSDID: 1076217, Location: Charleston, WV)
    Date Established: Febuary 14, 2000
    WWW: http://www.centrabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 15 (Domestic: 15, Interstate: Yes)
    FDIC's unique #: 78826
    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: Commercial Lending Specialization
    Date of Deposit Insurance: Febuary 14, 2000
    Last Structure Change Effective Date: January 21, 2009
    Last Structure Change Process Date: January 21, 2009
    Last Data Update: January 21, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 990 Elmer Prince Drive, Morgantown, WV 26507
    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: $1,330.0 mil
    Equity capital: $189.1 mil
    Deposits held in domestic offices: $1,101.1 mil
    Return on assets (ROA): 1.03% ($13.7 mil)
    Quarterly return on assets: 2.50% ($33.3 mil)
    Return on Equity (ROE): 8.21% ($15.5 mil)
    Quarterly return on equity: 17.80% ($33.6 mil)
    Net income: $13.8 mil
    Quarterly Net income: $8.4 mil
    Pretax return on assets: 1.50% ($19,949.8 mil)
    Quarterly Pretax return on assets: 3.65% ($48,544.6 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
  • 201Total employees (full-time equivalent)
  • $1,329,989Total assets
  • $45,099Cash and due from depository institutions
  • $38,665Interest-bearing balances
  • $106,970Securities
  • $290Federal funds sold & reverse repurchase agreements
  • $1,031,762Net loans & leases
  • $549Loan loss allowance
  • $0Trading account assets
  • $20,180Bank premises and fixed assets
  • $5,423Other real estate owned
  • $71,473Goodwill and other intangibles
  • $1,329,989Life insurance assets
  • $48,792All other assets
  • $1,140,905Total liabilities and capital
  • $1,101,128Total liabilities
  • $1,012,360Total deposits
  • $1,101,128Interest-bearing deposits
  • $60Deposits held in domestic offices
  • 37871.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,906Subordinated debt
  • $189,084All other liabilities
  • $189,084Total equity capital
  • $189,084Total bank equity capital
  • $0Perpetual preferred stock
  • $2,997Common stock
  • $172,228Surplus
  • $13,859Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $2,229Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,014Income earned, not collected on loans
  • $0Earning assets
  • $5,666Long-term assets (5+ years)
  • $1,177,687Average Assets, year-to-date
  • $77,259Average Assets, quarterly
  • $1,340,429Volatile liabilities
  • $1,345,721Insider loans
  • $1,017,691FHLB advances
  • $1,261,935Loans and leases held for sale
  • $19,970Unused loan commitments
  • $19,970Tier 1 (core) risk-based capital
  • $117,521Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $192,625Restructured Loans and leases
  • $41,398Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $29,799Total interest income
  • $1,043Total interest expense
  • $28,756Net interest income
  • $600Provision for loan and lease losses
  • $3,808Total noninterest income
  • $0Fiduciary activities
  • $1,755Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,053Additional noninterest income
  • $11,863Total noninterest expense
  • $4,017Salaries and employee benefits
  • $2,312Premises and equipment expense
  • $5,534Additional noninterest expense
  • $20,101Pre-tax net operating income
  • $0Securities gains (losses)
  • $6,332Applicable income taxes
  • $13,769Income before extraordinary items
  • $0Extraordinary gains - net
  • $13,769Net income attributable to bank
  • $0Net charge-offs
  • $13,769Cash dividends
  • $51Sale, conversion, retirement of capital stock, net
  • $12,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.43%Yield on earning assets
  • 0.08%Cost of funding earning assets
  • 2.34%Net interest margin
  • 0.31%Noninterest income to earning assets
  • 0.97%Noninterest expense to earning assets
  • 1.03%Net operating income to assets
  • 1.03%Return on assets (ROA)
  • 1.50%Pretax return on assets
  • 8.21%Return on equity (ROE)
  • 1.05%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 1176.47%Credit loss provision to net charge-offs
  • 405.90%Efficiency ratio
  • 33,156Assets per employee
  • 6.62%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 87.15%Loss allowance to loans
  • 0.05%Loss allowance to noncurrent loans
  • 18.21%Noncurrent assets plus other real estate owned to assets
  • 0.63%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 93.70%Net loans and leases to core deposits
  • 109.59%Equity capital to assets
  • 14.22%Core capital (leverage) ratio
  • 9.31%Tier 1 risk-based capital ratio
  • 11.55%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $1,340,429Average earning assets
  • $167,796Average equity
  • $1,227,072Average loans

List of branches

  • 2 Maryland Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    11464972Dual Hwy Branch1219 Mount Aetna Rd, Hagerstown, MD 21742June 07, 2007Full Service Brick and Mortar
    16506059North Pointe Branch18743 North Pointe Drive, Hagerstown, MD 21742September 09, 2009Full Service Brick and Mortar
  • 4 Pennsylvania Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    711720Centra Bank-Smithfield Branch69 Main Street, Smithfield, PA 15478January 01, 1925Full Service Brick and Mortar
    8217616Penn Street Branch113 Penn Street, Point Marion, PA 15474April 25, 1955Full Service Brick and Mortar
    10365052Uniontown Branch81 W Main Street, Uniontown, PA 15401Febuary 20, 2002Full Service Brick and Mortar
    15477907Walnut Hill Branch100 Walnut Hill Road, Uniontown, PA 15401June 23, 2008Full Service Brick and Mortar
  • 9 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    078826Centra Bank, Inc.990 Elmer Prince Drive, Morgantown, WV 26507Febuary 14, 2000Full Service Brick and Mortar
    1360369Williamsport Pike Branch500 Williamsport Pike, Martinsburg, WV 25401April 20, 2001Full Service Brick and Mortar
    2361528Waterfront Branch40 Hurley St, Morgantown, WV 26507Febuary 20, 2001Full Service Brick and Mortar
    3363040Foxcroft Branch450 Foxcroft Avenue, Martinsburg, WV 25401December 05, 2001Full Service Brick and Mortar
    4423154Cheat Lake Branch101 Venture Drive, Morgantown, WV 26508September 05, 2003Full Service Brick and Mortar
    5424195South Berkeley Branch4699 Winchester Avenue, Inwood, WV 25428November 12, 2003Full Service Brick and Mortar
    6433287Earl Core Road Branch1750 Earl Core Road, Morgantown, WV 26508November 22, 2004Full Service Brick and Mortar
    13466356Westover Branch689 Fairmont Road, Morgantown, WV 26501March 12, 2007Full Service Brick and Mortar
    14475449Spring Mills BranchSpring Mills Town Center On Route 11/Interstate 81, Martinsburg, WV 25404April 09, 2008Full Service Brick and Mortar

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