First Central Bank, Inc. in city_name, state_name - Detailed Financial Reports, Location

First Central Bank, Inc. in Philippi, West Virginia (WV)
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First Central Bank, Inc. routing number info

First Central Bank, Inc. - Overview

General
FDIC Certificate #: 34838
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Premier Bank, Inc. (#34837)
Federal Reserve ID: 2692762
Date Established: June 27, 1998
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 61750
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: June 27, 1998
Last Structure Change Effective Date: April 08, 2011
Last Structure Change Process Date: April 26, 2011
Last Data Update: April 26, 2011
Data Source Date: April 05, 2012
Location
Address: 2 South Main Street, Philippi, WV 26416
County: Barbour
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: $137.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2010)

Dollar figures in thousands
52Total employees (full-time equivalent)
$132,435Total assets
$2,995Cash and due from depository institutions
$30Interest-bearing balances
$5,008Securities
$6,319Federal funds sold & reverse repurchase agreements
$108,680Net loans & leases
$1,193Loan loss allowance
$0Trading account assets
$3,621Bank premises and fixed assets
$1,000Other real estate owned
$3,650Goodwill and other intangibles
$0Life insurance assets
$1,162All other assets
$132,435Total liabilities and capital
$118,924Total liabilities
$117,353Total deposits
$96,768Interest-bearing deposits
$117,353Deposits held in domestic offices
96.88%% insured (estimated)
$500Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,071All other liabilities
$13,511Total equity capital
$13,511Total bank equity capital
$13,511Perpetual preferred stock
$0Common stock
$1,000Surplus
$8,045Undivided profits
Memoranda
$4,466Noncurrent loans and leases
$8,960Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$304Earning assets
$0Long-term assets (5+ years)
$448Average Assets, year-to-date
$120,037Average Assets, quarterly
$9,545Volatile liabilities
$129,353Insider loans
$131,882FHLB advances
$21,971Loans and leases held for sale
$2,911Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,960Total unused commitments
$1,510Restructured Loans and leases
$1,193Derivatives

Income and Expense (December 31, 2010)

Dollar figures in thousands
$7,121Total interest income
$1,601Total interest expense
$5,520Net interest income
$291Provision for loan and lease losses
$854Total noninterest income
$0Fiduciary activities
$577Service charges on deposit accounts
$0Trading account gains & fees
$277Additional noninterest income
$3,563Total noninterest expense
$1,708Salaries and employee benefits
$413Premises and equipment expense
$1,442Additional noninterest expense
$2,520Pre-tax net operating income
$0Securities gains (losses)
$916Applicable income taxes
$1,604Income before extraordinary items
$0Extraordinary gains - net
$1,604Net income attributable to bank
$0Net charge-offs
$1,604Cash dividends
$130Sale, conversion, retirement of capital stock, net
$1,125Net operating income

Performance and Condition Ratios (December 31, 2010)

Dollar figures in thousands
Performance Ratios (%, annualized)
6.02%Yield on earning assets
1.35%Cost of funding earning assets
4.66%Net interest margin
0.72%Noninterest income to earning assets
3.01%Noninterest expense to earning assets
1.24%Net operating income to assets
1.24%Return on assets (ROA)
1.95%Pretax return on assets
11.95%Return on equity (ROE)
3.57%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
223.85%Credit loss provision to net charge-offs
21.62%Efficiency ratio
55,899Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
70.14%Loss allowance to loans
1.09%Loss allowance to noncurrent loans
392.43%Noncurrent assets plus other real estate owned to assets
0.98%Noncurrent loans to loans
0.28%Net loans and leases to deposits
92.61%Net loans and leases to core deposits
113.35%Equity capital to assets
10.20%Core capital (leverage) ratio
8.60%Tier 1 risk-based capital ratio
11.13%Total risk-based capital ratio
Memoranda
$12Average assets
$129,353Average earning assets
$13,423Average equity
$118,364Average loans

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

First Central Bank, Inc. - Overview

Assets and Liabilities (December 31, 2010)

Income and Expense (December 31, 2010)

Performance and Condition Ratios (December 31, 2010)

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

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

First Central Bank, Inc. - Overview

Assets and Liabilities (December 31, 2010)

Income and Expense (December 31, 2010)

Performance and Condition Ratios (December 31, 2010)

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

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