Citizens Bank of Morgantown, Inc. in Morgantown, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


  • Citizens Bank of Morgantown, Inc. in Morgantown, West Virginia (WV)
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Citizens Bank of Morgantown, Inc. - Overview

  • General
  • FDIC Certificate #: 22954
    Status: Active
    Federal Reserve ID: 897237
    Bank Holding Company (Regulatory Top Holder): Morgantown Bancshares, Inc. (RSSDID: 2638582, Location: Morgantown, WV)
    Date Established: September 20, 1979
    WWW: http://www.citizensbankwv.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 9531
    FDIC's unique #: 16060
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: September 20, 1979
    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: 265 High Street, Morgantown, WV 26505
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $32.1 mil
    Equity capital: $6.3 mil
    Deposits held in domestic offices: $20.4 mil
    Return on assets (ROA): 0.59% ($0.2 mil)
    Quarterly return on assets: 0.23% ($0.1 mil)
    Return on Equity (ROE): 2.96% ($0.2 mil)
    Quarterly return on equity: 1.14% ($0.1 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.0 mil
    Pretax return on assets: 0.62% ($199.3 mil)
    Quarterly Pretax return on assets: 0.27% ($86.8 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
  • 11Total employees (full-time equivalent)
  • $32,149Total assets
  • $743Cash and due from depository institutions
  • $1Interest-bearing balances
  • $12,828Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $17,316Net loans & leases
  • $227Loan loss allowance
  • $0Trading account assets
  • $595Bank premises and fixed assets
  • $30Other real estate owned
  • $0Goodwill and other intangibles
  • $32,149Life insurance assets
  • $637All other assets
  • $25,852Total liabilities and capital
  • $20,440Total liabilities
  • $17,629Total deposits
  • $20,440Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $4,955Trading liabilities
  • $0Other borrowed funds
  • $457Subordinated debt
  • $6,297All other liabilities
  • $6,297Total equity capital
  • $6,297Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $1,089Surplus
  • $5,148Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $20Income earned, not collected on loans
  • $0Earning assets
  • $170Long-term assets (5+ years)
  • $30,145Average Assets, year-to-date
  • $24,255Average Assets, quarterly
  • $30,658Volatile liabilities
  • $31,407Insider loans
  • $13,961FHLB advances
  • $31,669Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $5,933Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $353Restructured Loans and leases
  • $332Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,466Total interest income
  • $165Total interest expense
  • $1,301Net interest income
  • $26Provision for loan and lease losses
  • $99Total noninterest income
  • $0Fiduciary activities
  • $37Service charges on deposit accounts
  • $0Trading account gains & fees
  • $62Additional noninterest income
  • $1,185Total noninterest expense
  • $658Salaries and employee benefits
  • $228Premises and equipment expense
  • $299Additional noninterest expense
  • $189Pre-tax net operating income
  • $0Securities gains (losses)
  • $9Applicable income taxes
  • $180Income before extraordinary items
  • $0Extraordinary gains - net
  • $180Net income attributable to bank
  • $0Net charge-offs
  • $180Cash dividends
  • $30Sale, conversion, retirement of capital stock, net
  • $62Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.11%Yield on earning assets
  • 0.58%Cost of funding earning assets
  • 4.54%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 4.13%Noninterest expense to earning assets
  • 0.59%Net operating income to assets
  • 0.59%Return on assets (ROA)
  • 0.62%Pretax return on assets
  • 2.96%Return on equity (ROE)
  • 1.94%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 86.67%Credit loss provision to net charge-offs
  • 7.17%Efficiency ratio
  • 84,643Assets per employee
  • 2.92%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.44%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 1135.00%Noncurrent assets plus other real estate owned to assets
  • 0.16%Noncurrent loans to loans
  • 0.11%Net loans and leases to deposits
  • 84.72%Net loans and leases to core deposits
  • 87.34%Equity capital to assets
  • 19.59%Core capital (leverage) ratio
  • 18.73%Tier 1 risk-based capital ratio
  • 42.50%Total risk-based capital ratio
  • Memoranda
  • $44Average assets
  • $30,658Average earning assets
  • $6,088Average equity
  • $28,677Average loans

List of branches

  • 1 West Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    016060Citizens Bank Of Morgantown, Inc.265 High Street, Morgantown, WV 26505September 20, 1979Full Service Brick and Mortar

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