Clay County Bank, Inc. in Clay, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


Clay County Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 2444
    Status: Active
    Federal Reserve ID: 832528
    Bank Holding Company (Regulatory Top Holder): First Clay County Banc Corporation (RSSDID: 1427211, Location: Clay, WV)
    Date Established: June 04, 1902
    WWW: http://www.claycountybank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1599
    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: January 01, 1934
    Last Structure Change Effective Date: May 28, 2010
    Last Structure Change Process Date: May 28, 2010
    Last Data Update: May 28, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 150 Main Street, Clay, WV 25043
    County: Clay
    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): Charleston, WV (#16620)
    CBSA Metro Statistical Area: Charleston, WV (#16620)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $77.8 mil
    Equity capital: $10.1 mil
    Deposits held in domestic offices: $67.0 mil
    Return on assets (ROA): 1.22% ($1.0 mil)
    Quarterly return on assets: 1.14% ($0.9 mil)
    Return on Equity (ROE): 9.33% ($0.9 mil)
    Quarterly return on equity: 8.62% ($0.9 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 1.73% ($1,346.0 mil)
    Quarterly Pretax return on assets: 1.43% ($1,112.6 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
  • 24Total employees (full-time equivalent)
  • $77,805Total assets
  • $9,741Cash and due from depository institutions
  • $8,051Interest-bearing balances
  • $19,109Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $47,046Net loans & leases
  • $1,012Loan loss allowance
  • $0Trading account assets
  • $1,417Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $77,805Life insurance assets
  • $492All other assets
  • $67,667Total liabilities and capital
  • $67,031Total liabilities
  • $56,296Total deposits
  • $67,031Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $636Subordinated debt
  • $10,138All other liabilities
  • $10,138Total equity capital
  • $10,138Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $1,000Surplus
  • $8,638Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $368Income earned, not collected on loans
  • $0Earning assets
  • $292Long-term assets (5+ years)
  • $74,206Average Assets, year-to-date
  • $37,274Average Assets, quarterly
  • $75,008Volatile liabilities
  • $76,998Insider loans
  • $35,744FHLB advances
  • $77,538Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $9,630Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $561Restructured Loans and leases
  • $260Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $3,939Total interest income
  • $905Total interest expense
  • $3,034Net interest income
  • $15Provision for loan and lease losses
  • $639Total noninterest income
  • $0Fiduciary activities
  • $418Service charges on deposit accounts
  • $0Trading account gains & fees
  • $221Additional noninterest income
  • $2,359Total noninterest expense
  • $1,169Salaries and employee benefits
  • $240Premises and equipment expense
  • $950Additional noninterest expense
  • $1,299Pre-tax net operating income
  • $0Securities gains (losses)
  • $386Applicable income taxes
  • $913Income before extraordinary items
  • $0Extraordinary gains - net
  • $913Net income attributable to bank
  • $0Net charge-offs
  • $913Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $319Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.53%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 4.26%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 3.31%Noninterest expense to earning assets
  • 1.22%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.73%Pretax return on assets
  • 9.33%Return on equity (ROE)
  • 6.07%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 214.29%Credit loss provision to net charge-offs
  • 187.71%Efficiency ratio
  • 64,225Assets per employee
  • 3.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 34.94%Loss allowance to loans
  • 2.11%Loss allowance to noncurrent loans
  • 275.00%Noncurrent assets plus other real estate owned to assets
  • 0.47%Noncurrent loans to loans
  • 0.77%Net loans and leases to deposits
  • 70.19%Net loans and leases to core deposits
  • 72.53%Equity capital to assets
  • 13.03%Core capital (leverage) ratio
  • 12.42%Tier 1 risk-based capital ratio
  • 26.94%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $75,008Average earning assets
  • $9,788Average equity
  • $71,293Average loans

List of branches

  • 2 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01599Clay County Bank, Inc.150 Main Street, Clay, WV 25043June 04, 1902Full Service Brick and Mortar
    1192663Clay BranchState Routes 4 And 16, Clay, WV 25043December 13, 1986Limited Service Facility

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Clay County Bank, Inc..
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents