First National Bank in Beckley, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 15, 1994

First National Bank in Beckley, West Virginia (WV)
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First National Bank - Overview

General
FDIC Certificate #: 21660
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First State Bank and Trust, National Association (#21172)
Federal Reserve ID: 882420
Date Established: July 01, 1974
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 9805
FDIC's unique #: 14989
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: July 01, 1974
Last Structure Change Effective Date: July 15, 1994
Last Structure Change Process Date: August 09, 1994
Last Data Update: August 09, 1994
Data Source Date: April 05, 2012
Location
Address: 517 Valley Drive South, Beckley, WV 25801
County: Raleigh
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
Combined Statistical Area (CSA): Beckley-Oak Hill, WV (#138)
Core Based Statistical Area (CBSA): Beckley, WV (#13220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $17.3 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)
$16Total assets
$16,742Cash and due from depository institutions
$1,336Interest-bearing balances
$202Securities
$6,178Federal funds sold & reverse repurchase agreements
$440Net loans & leases
$8,177Loan loss allowance
$113Trading account assets
$0Bank premises and fixed assets
$433Other real estate owned
$77Goodwill and other intangibles
$101Life insurance assets
$0All other assets
$0Total liabilities and capital
$16,742Total liabilities
$15,191Total deposits
$15,077Interest-bearing deposits
$12,750Deposits held in domestic offices
15077.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$114Total equity capital
$114Total bank equity capital
$1,551Perpetual preferred stock
$0Common stock
$600Surplus
$472Undivided profits
Memoranda
$479Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$157Income earned, not collected on loans
$24Earning assets
$14,997Long-term assets (5+ years)
$3,166Average Assets, year-to-date
$16,966Average Assets, quarterly
$16,987Volatile liabilities
$1,439Insider loans
$177FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$307Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,551Total risk weighted assets
$7,819Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$1,192Total interest expense
$432Net interest income
$760Provision for loan and lease losses
$36Total noninterest income
$130Fiduciary activities
$0Service charges on deposit accounts
$67Trading account gains & fees
$0Additional noninterest income
$63Total noninterest expense
$644Salaries and employee benefits
$308Premises and equipment expense
$107Additional noninterest expense
$229Pre-tax net operating income
$210Securities gains (losses)
$0Applicable income taxes
$77Income before extraordinary items
$133Extraordinary gains - net
$2Net income attributable to bank
$135Net charge-offs
$10Cash dividends
$24Sale, 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
7.76%Cost of funding earning assets
2.81%Net interest margin
4.95%Noninterest income to earning assets
0.85%Noninterest expense to earning assets
4.19%Net operating income to assets
0.78%Return on assets (ROA)
0.80%Pretax return on assets
1.25%Return on equity (ROE)
8.97%Retained earnings to average equity (YTD only)
7.38%Net charge-offs to loans
0.12%Credit loss provision to net charge-offs
360.00%Efficiency ratio
72,360Assets per employee
1.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
17.78%Loss allowance to loans
1.36%Loss allowance to noncurrent loans
71.97%Noncurrent assets plus other real estate owned to assets
1.40%Noncurrent loans to loans
1.89%Net loans and leases to deposits
54.23%Net loans and leases to core deposits
59.96%Equity capital to assets
9.26%Core capital (leverage) ratio
9.21%Tier 1 risk-based capital ratio
19.84%Total risk-based capital ratio
Memoranda
$21Average assets
$16,966Average earning assets
$1,505Average equity
$15,368Average loans

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