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

First Bank of Charleston, Inc. - Overview

  • General
  • FDIC Certificate #: 57514
    Status: Active
    Federal Reserve ID: 3189634
    Date Established: June 02, 2003
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 364626
    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: June 02, 2003
    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: 201 Pennsylvania Avenue, Charleston, WV 25362
    County: Kanawha
    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): Charleston, WV (#1480)
    Core Based Statistical Area (CBSA): Charleston, WV (#16620)
    CBSA Metro Statistical Area: Charleston, WV (#16620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $184.3 mil
    Equity capital: $19.6 mil
    Deposits held in domestic offices: $143.5 mil
    Return on assets (ROA): 1.17% ($2.2 mil)
    Quarterly return on assets: 1.38% ($2.5 mil)
    Return on Equity (ROE): 10.74% ($2.1 mil)
    Quarterly return on equity: 12.73% ($2.5 mil)
    Net income: $2.0 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.95% ($3,593.5 mil)
    Quarterly Pretax return on assets: 2.11% ($3,888.4 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
  • 24Total employees (full-time equivalent)
  • $184,282Total assets
  • $3,028Cash and due from depository institutions
  • $0Interest-bearing balances
  • $44,185Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $129,529Net loans & leases
  • $1,690Loan loss allowance
  • $0Trading account assets
  • $4,867Bank premises and fixed assets
  • $43Other real estate owned
  • $0Goodwill and other intangibles
  • $184,282Life insurance assets
  • $2,630All other assets
  • $164,655Total liabilities and capital
  • $143,510Total liabilities
  • $131,890Total deposits
  • $143,510Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 4712.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,795Trading liabilities
  • $0Other borrowed funds
  • $638Subordinated debt
  • $19,627All other liabilities
  • $19,627Total equity capital
  • $19,627Total bank equity capital
  • $3,345Perpetual preferred stock
  • $819Common stock
  • $11,088Surplus
  • $4,375Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,307Income earned, not collected on loans
  • $0Earning assets
  • $685Long-term assets (5+ years)
  • $173,714Average Assets, year-to-date
  • $30,371Average Assets, quarterly
  • $173,858Volatile liabilities
  • $179,471Insider loans
  • $140,926FHLB advances
  • $178,836Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $19,394Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,108Restructured Loans and leases
  • $6,169Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,920Total interest income
  • $1,891Total interest expense
  • $7,029Net interest income
  • $1,050Provision for loan and lease losses
  • $575Total noninterest income
  • $0Fiduciary activities
  • $135Service charges on deposit accounts
  • $0Trading account gains & fees
  • $440Additional noninterest income
  • $3,163Total noninterest expense
  • $1,678Salaries and employee benefits
  • $570Premises and equipment expense
  • $915Additional noninterest expense
  • $3,391Pre-tax net operating income
  • -$2Securities gains (losses)
  • $1,360Applicable income taxes
  • $2,029Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,029Net income attributable to bank
  • $0Net charge-offs
  • $2,029Cash dividends
  • $1,182Sale, conversion, retirement of capital stock, net
  • $485Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.46%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 4.30%Net interest margin
  • 0.35%Noninterest income to earning assets
  • 1.94%Noninterest expense to earning assets
  • 1.17%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.95%Pretax return on assets
  • 10.74%Return on equity (ROE)
  • 8.17%Retained earnings to average equity (YTD only)
  • 0.91%Net charge-offs to loans
  • 88.83%Credit loss provision to net charge-offs
  • 3.76%Efficiency ratio
  • 41,597Assets per employee
  • 7.68%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 23.90%Loss allowance to loans
  • 1.29%Loss allowance to noncurrent loans
  • 129.30%Noncurrent assets plus other real estate owned to assets
  • 0.73%Noncurrent loans to loans
  • 1.00%Net loans and leases to deposits
  • 90.26%Net loans and leases to core deposits
  • 124.52%Equity capital to assets
  • 10.65%Core capital (leverage) ratio
  • 10.84%Tier 1 risk-based capital ratio
  • 13.76%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $173,858Average earning assets
  • $18,889Average equity
  • $163,437Average loans

List of branches

  • 1 West Virginia Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0364626First Bank Of Charleston, Inc.201 Pennsylvania Avenue, Charleston, WV 25362June 02, 2003Full Service Brick and Mortar

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Bank of Charleston, Inc..
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents