Fed One Bank in Wheeling, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 17, 1998

  • Fed One Bank in Wheeling, West Virginia (WV)
  • Show street view No street view available for this location

Fed One Bank - Overview

  • General
  • FDIC Certificate #: 29067
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#6784)
    Federal Reserve ID: 892175
    Date Established: July 01, 1934
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2855
    FDIC's unique #: 41901
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: January 14, 1935
    Last Structure Change Effective Date: October 17, 1998
    Last Structure Change Process Date: November 05, 1998
    Last Data Update: November 05, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 21 Twelfth Street, Wheeling, WV 26003
    County: Ohio
    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
    Metropolitan Statistical Area (MSA): Wheeling, WV-OH (#9000)
    Core Based Statistical Area (CBSA): Wheeling, WV-OH (#48540)
    CBSA Metro Statistical Area: Wheeling, WV-OH (#48540)
  • Financial Summary
  • Total assets: $362.8 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
  • 134Total employees (full-time equivalent)
  • $362,908Total assets
  • $7,935Cash and due from depository institutions
  • $4,869Interest-bearing balances
  • $174,091Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $166,088Net loans & leases
  • $1,481Loan loss allowance
  • $0Trading account assets
  • $6,533Bank premises and fixed assets
  • $14Other real estate owned
  • $1,710Goodwill and other intangibles
  • $0Life insurance assets
  • $6,537All other assets
  • $362,908Total liabilities and capital
  • $325,815Total liabilities
  • $259,552Total deposits
  • $250,769Interest-bearing deposits
  • $259,552Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $65,096Other borrowed funds
  • $0Subordinated debt
  • $1,167All other liabilities
  • $37,093Total equity capital
  • $37,093Total bank equity capital
  • $37,093Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $12,411Undivided profits
  • Memoranda
  • $24,681Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $1,309Earning assets
  • $0Long-term assets (5+ years)
  • $1,299Average Assets, year-to-date
  • $345,048Average Assets, quarterly
  • $0Volatile liabilities
  • $350,001Insider loans
  • $358,502FHLB advances
  • $99,598Loans and leases held for sale
  • $3,728Unused loan commitments
  • $65,096Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $22,096Total unused commitments
  • $0Restructured Loans and leases
  • $150,158Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $25,355Total interest income
  • $14,062Total interest expense
  • $11,293Net interest income
  • $160Provision for loan and lease losses
  • $780Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $780Additional noninterest income
  • $6,831Total noninterest expense
  • $3,908Salaries and employee benefits
  • $1,429Premises and equipment expense
  • $1,494Additional noninterest expense
  • $5,082Pre-tax net operating income
  • $14Securities gains (losses)
  • $1,835Applicable income taxes
  • $3,261Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,261Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $116Sale, conversion, retirement of capital stock, net
  • $2,750Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.61%Yield on earning assets
  • 4.22%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.23%Noninterest income to earning assets
  • 2.05%Noninterest expense to earning assets
  • 0.93%Net operating income to assets
  • 0.93%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 8.91%Return on equity (ROE)
  • 1.40%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 137.93%Credit loss provision to net charge-offs
  • 45.19%Efficiency ratio
  • 54,419Assets per employee
  • 2.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 84.33%Loss allowance to loans
  • 0.88%Loss allowance to noncurrent loans
  • 113.14%Noncurrent assets plus other real estate owned to assets
  • 0.36%Noncurrent loans to loans
  • 0.78%Net loans and leases to deposits
  • 63.99%Net loans and leases to core deposits
  • 73.80%Equity capital to assets
  • 10.22%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 23.57%Total risk-based capital ratio
  • Memoranda
  • $25Average assets
  • $350,001Average earning assets
  • $36,579Average equity
  • $333,380Average loans

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