First Community Bank of Mercer County, Inc. in Princeton, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 30, 1999

  • First Community Bank of Mercer County, Inc. in Princeton, West Virginia (WV)
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First Community Bank of Mercer County, Inc. - Overview

  • General
  • FDIC Certificate #: 34111
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank (#13012)
    Federal Reserve ID: 2353595
    Date Established: December 30, 1995
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 8 (Interstate: No)
    OTS Docket #: 14198
    FDIC's unique #: 56253
    Numeric code: 13
    Regulator: FED
    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: December 30, 1995
    Last Structure Change Effective Date: April 30, 1999
    Last Structure Change Process Date: May 19, 1999
    Last Data Update: May 19, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 1001 Mercer Street, Princeton, WV 24740
    County: Mercer
    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
    Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $439.8 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 185Total employees (full-time equivalent)
  • $472,102Total assets
  • $64,238Cash and due from depository institutions
  • $50,518Interest-bearing balances
  • $98,034Securities
  • $25,275Federal funds sold & reverse repurchase agreements
  • $264,823Net loans & leases
  • $5,593Loan loss allowance
  • $0Trading account assets
  • $6,377Bank premises and fixed assets
  • $3,024Other real estate owned
  • $1,752Goodwill and other intangibles
  • $0Life insurance assets
  • $8,579All other assets
  • $472,102Total liabilities and capital
  • $428,487Total liabilities
  • $365,442Total deposits
  • $309,266Interest-bearing deposits
  • $365,442Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $56,521Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $6,524All other liabilities
  • $43,615Total equity capital
  • $43,615Total bank equity capital
  • $43,615Perpetual preferred stock
  • $0Common stock
  • $9,360Surplus
  • $9,730Undivided profits
  • Memoranda
  • $24,525Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,807Earning assets
  • $94Long-term assets (5+ years)
  • $1,803Average Assets, year-to-date
  • $438,650Average Assets, quarterly
  • $106,510Volatile liabilities
  • $477,028Insider loans
  • $469,359FHLB advances
  • $111,767Loans and leases held for sale
  • $2,307Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $2,457Total risk weighted assets
  • $58,045Total unused commitments
  • $0Restructured Loans and leases
  • $306,568Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $36,895Total interest income
  • $17,632Total interest expense
  • $19,263Net interest income
  • $5,020Provision for loan and lease losses
  • $10,528Total noninterest income
  • $1,773Fiduciary activities
  • $1,168Service charges on deposit accounts
  • $0Trading account gains & fees
  • $7,587Additional noninterest income
  • $14,920Total noninterest expense
  • $5,871Salaries and employee benefits
  • $1,887Premises and equipment expense
  • $7,162Additional noninterest expense
  • $9,851Pre-tax net operating income
  • $0Securities gains (losses)
  • $2,596Applicable income taxes
  • $7,255Income before extraordinary items
  • $0Extraordinary gains - net
  • $7,255Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $4,621Sale, conversion, retirement of capital stock, net
  • $5,500Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.35%Yield on earning assets
  • 3.99%Cost of funding earning assets
  • 4.36%Net interest margin
  • 2.38%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 1.52%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 2.07%Pretax return on assets
  • 16.71%Return on equity (ROE)
  • 4.04%Retained earnings to average equity (YTD only)
  • 1.53%Net charge-offs to loans
  • 108.63%Credit loss provision to net charge-offs
  • 3.22%Efficiency ratio
  • 49,139Assets per employee
  • 2.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 75.81%Loss allowance to loans
  • 2.07%Loss allowance to noncurrent loans
  • 116.35%Noncurrent assets plus other real estate owned to assets
  • 1.66%Noncurrent loans to loans
  • 1.78%Net loans and leases to deposits
  • 72.47%Net loans and leases to core deposits
  • 85.37%Equity capital to assets
  • 9.24%Core capital (leverage) ratio
  • 8.92%Tier 1 risk-based capital ratio
  • 13.57%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $477,028Average earning assets
  • $43,405Average equity
  • $442,050Average loans

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