Davis Trust Company in Elkins, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

Davis Trust Company - Overview

  • General
  • FDIC Certificate #: 2453
    Status: Active
    Federal Reserve ID: 357526
    Bank Holding Company (Regulatory Top Holder): Davis Trust Financial Corporation (RSSDID: 2878294, Location: Elkins, WV)
    Date Established: June 17, 1901
    WWW: http://www.davistrust.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 1608
    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: January 01, 1934
    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: Davis Avenue And Third 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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $142.0 mil
    Equity capital: $17.4 mil
    Deposits held in domestic offices: $123.4 mil
    Return on assets (ROA): 0.09% ($0.1 mil)
    Quarterly return on assets: -0.96% (-$1.4 mil)
    Return on Equity (ROE): 0.76% ($0.1 mil)
    Quarterly return on equity: -7.72% (-$1.3 mil)
    Net income: $0.1 mil
    Quarterly Net income: -$0.3 mil
    Pretax return on assets: 0.05% ($71.0 mil)
    Quarterly Pretax return on assets: -1.55% (-$2,200.7 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
  • 53Total employees (full-time equivalent)
  • $141,978Total assets
  • $24,985Cash and due from depository institutions
  • $12,928Interest-bearing balances
  • $4,688Securities
  • $603Federal funds sold & reverse repurchase agreements
  • $90,560Net loans & leases
  • $2,422Loan loss allowance
  • $0Trading account assets
  • $6,298Bank premises and fixed assets
  • $3,059Other real estate owned
  • $0Goodwill and other intangibles
  • $141,979Life insurance assets
  • $11,785All other assets
  • $124,627Total liabilities and capital
  • $123,416Total liabilities
  • $84,540Total deposits
  • $123,416Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,211Subordinated debt
  • $17,352All other liabilities
  • $17,352Total equity capital
  • $17,352Total bank equity capital
  • $0Perpetual preferred stock
  • $8,000Common stock
  • $8,000Surplus
  • $1,352Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,036Income earned, not collected on loans
  • $0Earning assets
  • $357Long-term assets (5+ years)
  • $108,779Average Assets, year-to-date
  • $19,258Average Assets, quarterly
  • $141,116Volatile liabilities
  • $140,718Insider loans
  • $136,464FHLB advances
  • $139,858Loans and leases held for sale
  • $5,261Unused loan commitments
  • $5,261Tier 1 (core) risk-based capital
  • $18,888Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $11,101Restructured Loans and leases
  • $2,956Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,508Total interest income
  • $860Total interest expense
  • $4,648Net interest income
  • $785Provision for loan and lease losses
  • $1,194Total noninterest income
  • $59Fiduciary activities
  • $526Service charges on deposit accounts
  • $0Trading account gains & fees
  • $609Additional noninterest income
  • $4,979Total noninterest expense
  • $2,521Salaries and employee benefits
  • $492Premises and equipment expense
  • $1,966Additional noninterest expense
  • $78Pre-tax net operating income
  • -$4Securities gains (losses)
  • -$60Applicable income taxes
  • $134Income before extraordinary items
  • $0Extraordinary gains - net
  • $134Net income attributable to bank
  • $0Net charge-offs
  • $134Cash dividends
  • $220Sale, conversion, retirement of capital stock, net
  • $540Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.07%Yield on earning assets
  • 0.79%Cost of funding earning assets
  • 4.27%Net interest margin
  • 1.10%Noninterest income to earning assets
  • 4.58%Noninterest expense to earning assets
  • 0.10%Net operating income to assets
  • 0.09%Return on assets (ROA)
  • 0.05%Pretax return on assets
  • 0.76%Return on equity (ROE)
  • -2.30%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 356.82%Credit loss provision to net charge-offs
  • 3.92%Efficiency ratio
  • 85,228Assets per employee
  • 2.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 402.99%Loss allowance to loans
  • 2.60%Loss allowance to noncurrent loans
  • 40.13%Noncurrent assets plus other real estate owned to assets
  • 6.41%Noncurrent loans to loans
  • 6.49%Net loans and leases to deposits
  • 73.38%Net loans and leases to core deposits
  • 77.13%Equity capital to assets
  • 12.22%Core capital (leverage) ratio
  • 13.51%Tier 1 risk-based capital ratio
  • 13.84%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $141,116Average earning assets
  • $17,653Average equity
  • $108,731Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $16,110Managed Assets
  • 1Number of Accounts
  • $13,568Personal trust and agency accounts
  • $13,421Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $147Non-managed Assets
  • 62Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $2,542Other retirement accounts
  • $2,542Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 2 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01608Davis Trust CompanyDavis Avenue And Third Street, Elkins, WV 26241June 17, 1901Full Service Brick and Mortar
    1486578South Branch950 Beverly Pike, Elkins, WV 26241July 21, 2008Full Service Brick and Mortar

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