First Federal Savings Bank in Bluefield, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 31, 1994

  • First Federal Savings Bank in Bluefield, West Virginia (WV)
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First Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 33229
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: First Community Bank (#13012)
    Federal Reserve ID: 2106933
    Date Established: November 09, 1990
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9010
    FDIC's unique #: 46667
    Numeric code: 34
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: November 09, 1990
    Last Structure Change Effective Date: December 31, 1994
    Last Structure Change Process Date: Febuary 24, 1995
    Last Data Update: December 14, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 3425 E. Cumberland Rd., Bluefield, WV 24701
    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
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $18.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $10Total assets
  • $19,959Cash and due from depository institutions
  • $2,011Interest-bearing balances
  • $1,514Securities
  • $9,152Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $7,344Loan loss allowance
  • $84Trading account assets
  • $0Bank premises and fixed assets
  • $568Other real estate owned
  • $0Goodwill and other intangibles
  • $320Life insurance assets
  • $564All other assets
  • $0Total liabilities and capital
  • $19,959Total liabilities
  • $17,657Total deposits
  • $15,436Interest-bearing deposits
  • $15,436Deposits held in domestic offices
  • 15436.00%% insured (estimated)
  • $99Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $2,000Subordinated debt
  • $0All other liabilities
  • $221Total equity capital
  • $221Total bank equity capital
  • $2,302Perpetual preferred stock
  • $0Common stock
  • $250Surplus
  • $1,550Undivided profits
  • Memoranda
  • $502Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $46Earning assets
  • $18,010Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $20,244Average Assets, quarterly
  • $19,864Volatile liabilities
  • $2,743Insider loans
  • $325FHLB advances
  • $2,000Loans and leases held for sale
  • $0Unused loan commitments
  • $396Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,738Total risk weighted assets
  • $7,073Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $1,344Total interest expense
  • $628Net interest income
  • $716Provision for loan and lease losses
  • $10Total noninterest income
  • $249Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $249Total noninterest expense
  • $622Salaries and employee benefits
  • $159Premises and equipment expense
  • $148Additional noninterest expense
  • $315Pre-tax net operating income
  • $333Securities gains (losses)
  • $0Applicable income taxes
  • $99Income before extraordinary items
  • $234Extraordinary gains - net
  • $0Net income attributable to bank
  • $234Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.35%Cost of funding earning assets
  • 3.43%Net interest margin
  • 3.91%Noninterest income to earning assets
  • 1.36%Noninterest expense to earning assets
  • 3.40%Net operating income to assets
  • 1.16%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 1.64%Return on equity (ROE)
  • 10.75%Retained earnings to average equity (YTD only)
  • 10.75%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 59,482Assets per employee
  • 2.00%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 47.58%Net loans and leases to core deposits
  • 49.98%Equity capital to assets
  • 11.53%Core capital (leverage) ratio
  • 8.96%Tier 1 risk-based capital ratio
  • 24.57%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $20,244Average earning assets
  • $2,177Average equity
  • $18,294Average loans

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