Farmers and Merchants Bank of Ritchie County in Harrisville, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 1998

  • Farmers and Merchants Bank of Ritchie County in Harrisville, West Virginia (WV)
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Farmers and Merchants Bank of Ritchie County - Overview

  • General
  • FDIC Certificate #: 15840
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wesbanco Bank Parkersburg (#6174)
    Federal Reserve ID: 949323
    Date Established: August 20, 1941
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Interstate: No)
    OTS Docket #: 14140
    FDIC's unique #: 10081
    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: August 20, 1941
    Last Structure Change Effective Date: April 01, 1998
    Last Structure Change Process Date: April 14, 1998
    Last Data Update: April 14, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1500 East Main Street, Harrisville, WV 26362
    County: Ritchie
    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: $16.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 11Total employees (full-time equivalent)
  • $16,471Total assets
  • $931Cash and due from depository institutions
  • $513Interest-bearing balances
  • $1,815Securities
  • $1,400Federal funds sold & reverse repurchase agreements
  • $11,634Net loans & leases
  • $177Loan loss allowance
  • $0Trading account assets
  • $411Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $280All other assets
  • $16,471Total liabilities and capital
  • $15,065Total liabilities
  • $14,914Total deposits
  • $13,012Interest-bearing deposits
  • $14,914Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $151All other liabilities
  • $1,406Total equity capital
  • $1,406Total bank equity capital
  • $1,406Perpetual preferred stock
  • $0Common stock
  • $25Surplus
  • $300Undivided profits
  • Memoranda
  • $1,081Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $34Earning assets
  • $0Long-term assets (5+ years)
  • $74Average Assets, year-to-date
  • $15,362Average Assets, quarterly
  • $3,075Volatile liabilities
  • $16,014Insider loans
  • $16,332FHLB advances
  • $1,639Loans and leases held for sale
  • $166Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $458Total unused commitments
  • $0Restructured Loans and leases
  • $10,111Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $1,293Total interest income
  • $548Total interest expense
  • $745Net interest income
  • $59Provision for loan and lease losses
  • $98Total noninterest income
  • $0Fiduciary activities
  • $60Service charges on deposit accounts
  • $0Trading account gains & fees
  • $38Additional noninterest income
  • $549Total noninterest expense
  • $287Salaries and employee benefits
  • $75Premises and equipment expense
  • $187Additional noninterest expense
  • $235Pre-tax net operating income
  • $0Securities gains (losses)
  • $72Applicable income taxes
  • $163Income before extraordinary items
  • $0Extraordinary gains - net
  • $163Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $112Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.64%Yield on earning assets
  • 3.66%Cost of funding earning assets
  • 4.98%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 3.67%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.47%Pretax return on assets
  • 12.12%Return on equity (ROE)
  • 3.79%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 983.33%Credit loss provision to net charge-offs
  • 49.00%Efficiency ratio
  • 65,125Assets per employee
  • 1.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.71%Loss allowance to loans
  • 1.50%Loss allowance to noncurrent loans
  • 520.59%Noncurrent assets plus other real estate owned to assets
  • 0.21%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 78.01%Net loans and leases to core deposits
  • 87.64%Equity capital to assets
  • 8.54%Core capital (leverage) ratio
  • 8.49%Tier 1 risk-based capital ratio
  • 13.77%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $16,014Average earning assets
  • $1,345Average equity
  • $14,973Average loans

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