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
    WWW: http://www.fbofc.com
    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

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