Community Bank and Trust of Randolph County in Elkins, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 1993

Community Bank and Trust of Randolph County in Elkins, West Virginia (WV)
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Community Bank and Trust of Randolph County - Overview

General
FDIC Certificate #: 26996
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Community Bank & Trust (#19803)
Federal Reserve ID: 479820
Date Established: July 13, 1987
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 36428
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 13, 1987
Last Structure Change Effective Date: October 16, 1993
Last Structure Change Process Date: November 08, 1993
Last Data Update: November 08, 1993
Data Source Date: April 05, 2012
Location
Address: Davis Avenue And Fifth Street, Elkins, WV 26241
County: Randolph
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
Financial Summary
Total assets: $66.6 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$45Total assets
$70,922Cash and due from depository institutions
$3,020Interest-bearing balances
$550Securities
$17,347Federal funds sold & reverse repurchase agreements
$1,425Net loans & leases
$46,780Loan loss allowance
$673Trading account assets
$0Bank premises and fixed assets
$1,566Other real estate owned
$40Goodwill and other intangibles
$596Life insurance assets
$148All other assets
$0Total liabilities and capital
$70,922Total liabilities
$64,890Total deposits
$64,357Interest-bearing deposits
$60,028Deposits held in domestic offices
64357.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$533Total equity capital
$533Total bank equity capital
$6,032Perpetual preferred stock
$0Common stock
$1,775Surplus
$2,086Undivided profits
Memoranda
$2,171Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,208Income earned, not collected on loans
$276Earning assets
$66,102Long-term assets (5+ years)
$10,415Average Assets, year-to-date
$72,085Average Assets, quarterly
$72,084Volatile liabilities
$5,769Insider loans
$359FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,247Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,884Total risk weighted assets
$40,189Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$6,045Total interest expense
$3,108Net interest income
$2,937Provision for loan and lease losses
$86Total noninterest income
$292Fiduciary activities
$0Service charges on deposit accounts
$146Trading account gains & fees
$0Additional noninterest income
$146Total noninterest expense
$2,193Salaries and employee benefits
$909Premises and equipment expense
$363Additional noninterest expense
$921Pre-tax net operating income
$950Securities gains (losses)
$46Applicable income taxes
$391Income before extraordinary items
$605Extraordinary gains - net
$166Net income attributable to bank
$771Net charge-offs
$99Cash dividends
$181Sale, 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
9.07%Cost of funding earning assets
4.66%Net interest margin
4.41%Noninterest income to earning assets
0.44%Noninterest expense to earning assets
3.29%Net operating income to assets
0.80%Return on assets (ROA)
1.07%Pretax return on assets
1.61%Return on equity (ROE)
13.22%Retained earnings to average equity (YTD only)
10.12%Net charge-offs to loans
0.21%Credit loss provision to net charge-offs
86.87%Efficiency ratio
67,420Assets per employee
1.58%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.48%Loss allowance to loans
1.42%Loss allowance to noncurrent loans
55.71%Noncurrent assets plus other real estate owned to assets
1.76%Noncurrent loans to loans
2.55%Net loans and leases to deposits
72.69%Net loans and leases to core deposits
79.85%Equity capital to assets
8.51%Core capital (leverage) ratio
8.22%Tier 1 risk-based capital ratio
14.64%Total risk-based capital ratio
Memoranda
$16Average assets
$72,085Average earning assets
$5,833Average equity
$66,647Average loans

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