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)
  • Show street view No street view available for this location

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

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 Community Bank of Mercer County, Inc..
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents