Davis Trust Company in Elkins, West Virginia (WV)



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Davis Trust Company routing number info

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Davis Trust Company
GeneralFDIC 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
LocationAddress: 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 ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal 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)
Total employees (full-time equivalent)53
Total assets$141,978
Cash and due from depository institutions$24,985
Interest-bearing balances$12,928
Securities$4,688
Federal funds sold & reverse repurchase agreements$603
Net loans & leases$90,560
Loan loss allowance $2,422
Trading account assets$0
Bank premises and fixed assets$6,298
Other real estate owned$3,059
Goodwill and other intangibles$0
All other assets$11,785
Life insurance assets$141,979
Total liabilities and capital$124,627
Total liabilities$123,416
Total deposits$84,540
Interest-bearing deposits$123,416
Deposits held in domestic offices$96
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,211
All other liabilities $17,352
Total equity capital$17,352
Total bank equity capital$17,352
Perpetual preferred stock$0
Common stock$8,000
Surplus$8,000
Undivided profits $1,352
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $6,036
Earning assets $0
Long-term assets (5+ years) $357
Average Assets, year-to-date $108,779
Average Assets, quarterly $19,258
Volatile liabilities $141,116
Insider loans $140,718
FHLB advances $136,464
Loans and leases held for sale $139,858
Unused loan commitments $5,261
Tier 1 (core) risk-based capital $5,261
Tier 2 risk-based capital $18,888
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $11,101
Derivatives$2,956
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,508
Total interest expense $860
Net interest income $4,648
Provision for loan and lease losses $785
Total noninterest income $1,194
Fiduciary activities $59
Service charges on deposit accounts $526
Trading account gains & fees $0
Additional noninterest income $609
Total noninterest expense $4,979
Salaries and employee benefits $2,521
Premises and equipment expense $492
Additional noninterest expense $1,966
Pre-tax net operating income $78
Securities gains (losses) -$4
Applicable income taxes -$60
Income before extraordinary items $134
Extraordinary gains - net $0
Net income attributable to bank $134
Net charge-offs $0
Cash dividends $134
Sale, conversion, retirement of capital stock, net $220
Net operating income $540
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.07%
Cost of funding earning assets 0.79%
Net interest margin 4.27%
Noninterest income to earning assets 1.10%
Noninterest expense to earning assets 4.58%
Net operating income to assets 0.10%
Return on assets (ROA) 0.09%
Pretax return on assets 0.05%
Return on equity (ROE) 0.76%
Retained earnings to average equity (YTD only) -2.30%
Net charge-offs to loans 0.23%
Credit loss provision to net charge-offs 356.82%
Efficiency ratio3.92%
Assets per employee$85,228
Cash dividends to net income (YTD only)2.68%
Condition Ratios (%)
Loss allowance to loans 402.99%
Loss allowance to noncurrent loans 2.60%
Noncurrent assets plus other real estate owned to assets 40.13%
Noncurrent loans to loans 6.41%
Net loans and leases to deposits6.49%
Net loans and leases to core deposits 73.38%
Equity capital to assets 77.13%
Core capital (leverage) ratio 12.22%
Tier 1 risk-based capital ratio 13.51%
Total risk-based capital ratio 13.84%
Memoranda
Average assets$15
Average earning assets$141,116
Average equity $17,653
Average loans $108,731
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$16,110
Number of Accounts1
Personal trust and agency accounts$13,568
Employee benefit-defined contribution accounts$13,421
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$147
Number of Accounts62
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$2,542
Corporate trust and agency accounts$2,542
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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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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