First Bank of Ceredo in Ceredo, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 01, 1993

  • First Bank of Ceredo in Ceredo, West Virginia (WV)
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First Bank of Ceredo - Overview

  • General
  • FDIC Certificate #: 6753
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: United Bank (#6784)
    Federal Reserve ID: 818429
    Date Established: July 12, 1892
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    OTS Docket #: 9672
    FDIC's unique #: 4533
    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: January 01, 1934
    Last Structure Change Effective Date: September 01, 1993
    Last Structure Change Process Date: September 14, 1993
    Last Data Update: September 14, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: U.S. Route 60 And Second Street West, Ceredo, WV 25507
    County: Wayne
    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): Huntington-Ashland, WV-KY-OH (#3400)
    Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
    CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
  • Financial Summary
  • Total assets: $141.9 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $83Total assets
  • $142,119Cash and due from depository institutions
  • $6,746Interest-bearing balances
  • $1,952Securities
  • $47,016Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $80,224Loan loss allowance
  • $1,162Trading account assets
  • $0Bank premises and fixed assets
  • $4,787Other real estate owned
  • $297Goodwill and other intangibles
  • $3,049Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $142,119Total liabilities
  • $131,200Total deposits
  • $125,410Interest-bearing deposits
  • $108,754Deposits held in domestic offices
  • 125410.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $4,383Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,407Total equity capital
  • $1,407Total bank equity capital
  • $10,919Perpetual preferred stock
  • $0Common stock
  • $665Surplus
  • $4,425Undivided profits
  • Memoranda
  • $5,829Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,781Income earned, not collected on loans
  • $363Earning assets
  • $129,192Long-term assets (5+ years)
  • $18,169Average Assets, year-to-date
  • $141,979Average Assets, quarterly
  • $141,812Volatile liabilities
  • $10,681Insider loans
  • $1,566FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $12,636Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,919Total risk weighted assets
  • $96,450Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $11,344Total interest expense
  • $5,155Net interest income
  • $6,189Provision for loan and lease losses
  • $1,346Total noninterest income
  • $1,335Fiduciary activities
  • $0Service charges on deposit accounts
  • $488Trading account gains & fees
  • $0Additional noninterest income
  • $847Total noninterest expense
  • $5,255Salaries and employee benefits
  • $2,708Premises and equipment expense
  • $613Additional noninterest expense
  • $1,934Pre-tax net operating income
  • $923Securities gains (losses)
  • $283Applicable income taxes
  • $295Income before extraordinary items
  • $911Extraordinary gains - net
  • $0Net income attributable to bank
  • $911Net charge-offs
  • $1,434Cash dividends
  • $693Sale, 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
  • 8.84%Cost of funding earning assets
  • 4.02%Net interest margin
  • 4.82%Noninterest income to earning assets
  • 1.04%Noninterest expense to earning assets
  • 4.09%Net operating income to assets
  • 0.49%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 0.85%Return on equity (ROE)
  • 8.48%Retained earnings to average equity (YTD only)
  • 2.03%Net charge-offs to loans
  • 1.74%Credit loss provision to net charge-offs
  • 93.86%Efficiency ratio
  • 69,843Assets per employee
  • 1.71%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 76.07%Loss allowance to loans
  • 1.43%Loss allowance to noncurrent loans
  • 65.24%Noncurrent assets plus other real estate owned to assets
  • 1.46%Noncurrent loans to loans
  • 2.19%Net loans and leases to deposits
  • 63.97%Net loans and leases to core deposits
  • 67.35%Equity capital to assets
  • 7.68%Core capital (leverage) ratio
  • 7.63%Tier 1 risk-based capital ratio
  • 11.32%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $141,979Average earning assets
  • $10,742Average equity
  • $128,347Average loans

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