First National Bank in Ronceverte, West Virginia (WV), VA

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First National Bank
GeneralFDIC Certificate #: 6795
Status: Active
Federal Reserve ID: 4437
Bank Holding Company (Regulatory Top Holder): First National Bankshares Corporation (RSSDID: 1142840, Location: Ronceverte, WV)
Date Established: January 01, 1933
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 6 (Domestic: 6, Interstate: Yes)
OTS Docket #: 13423
FDIC's unique #: 4567
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 02, 2010
Last Structure Change Process Date: June 02, 2010
Last Data Update: June 02, 2010
Data Source Date: April 05, 2012
LocationAddress: One Cedar Street, Ronceverte, WV 24970
County: Greenbrier
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
History of ChangesChange in Location
Financial SummaryTotal assets: $264.5 mil
Equity capital: $26.6 mil
Deposits held in domestic offices: $231.4 mil
Return on assets (ROA): 0.33% ($0.9 mil)
Quarterly return on assets: -0.78% (-$2.1 mil)
Return on Equity (ROE): 3.27% ($0.9 mil)
Quarterly return on equity: -7.55% (-$2.0 mil)
Net income: $0.9 mil
Quarterly Net income: -$0.5 mil
Pretax return on assets: 0.31% ($820.0 mil)
Quarterly Pretax return on assets: -1.41% (-$3,729.6 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)57
Total assets$264,513
Cash and due from depository institutions$16,194
Interest-bearing balances$9,731
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$140,439
Loan loss allowance $3,216
Trading account assets$0
Bank premises and fixed assets$5,390
Other real estate owned$1,570
Goodwill and other intangibles$0
All other assets$7,856
Life insurance assets$264,513
Total liabilities and capital$237,890
Total liabilities$231,422
Total deposits$204,846
Interest-bearing deposits$231,422
Deposits held in domestic offices$89
% insured (estimated)2172.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$3,389
Other borrowed funds $0
Subordinated debt $907
All other liabilities $26,623
Total equity capital$26,623
Total bank equity capital$26,623
Perpetual preferred stock$0
Common stock$963
Undivided profits $21,910
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $9,351
Earning assets $0
Long-term assets (5+ years) $973
Average Assets, year-to-date $243,234
Average Assets, quarterly $62,520
Volatile liabilities $262,758
Insider loans $262,985
FHLB advances $158,551
Loans and leases held for sale $260,581
Unused loan commitments $4,081
Tier 1 (core) risk-based capital $4,081
Tier 2 risk-based capital $25,126
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $16,218
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,043
Total interest expense $2,605
Net interest income $8,438
Provision for loan and lease losses $2,390
Total noninterest income $1,195
Fiduciary activities $8
Service charges on deposit accounts $622
Trading account gains & fees $0
Additional noninterest income $565
Total noninterest expense $6,698
Salaries and employee benefits $3,049
Premises and equipment expense $859
Additional noninterest expense $2,790
Pre-tax net operating income $545
Securities gains (losses) $263
Applicable income taxes -$54
Income before extraordinary items $862
Extraordinary gains - net $0
Net income attributable to bank $862
Net charge-offs $0
Cash dividends $862
Sale, conversion, retirement of capital stock, net $2,529
Net operating income $559
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.55%
Cost of funding earning assets 1.07%
Net interest margin 3.48%
Noninterest income to earning assets 0.49%
Noninterest expense to earning assets 2.76%
Net operating income to assets 0.23%
Return on assets (ROA) 0.33%
Pretax return on assets 0.31%
Return on equity (ROE) 3.27%
Retained earnings to average equity (YTD only) 1.15%
Net charge-offs to loans 1.69%
Credit loss provision to net charge-offs 94.50%
Efficiency ratio1.16%
Assets per employee$69,532
Cash dividends to net income (YTD only)4.64%
Condition Ratios (%)
Loss allowance to loans 64.85%
Loss allowance to noncurrent loans 2.24%
Noncurrent assets plus other real estate owned to assets 34.39%
Noncurrent loans to loans 4.13%
Net loans and leases to deposits6.51%
Net loans and leases to core deposits 60.69%
Equity capital to assets 64.75%
Core capital (leverage) ratio 10.06%
Tier 1 risk-based capital ratio 9.64%
Total risk-based capital ratio 15.85%
Average assets$17
Average earning assets$262,758
Average equity $26,355
Average loans $242,597
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$10,202
Number of Accounts1
Personal trust and agency accounts$3,301
Employee benefit-defined contribution accounts$3,063
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$238
Number of Accounts21
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$6,901
Corporate trust and agency accounts$5,979
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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2 Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
3363093Covington Branch141 - 155 N. Court Street, Covington, VA 24426Febuary 04, 2002Full Service Brick and Mortar
5433872First National Bank Branch5 Main Street, Hot Springs, VA 24445December 03, 2004Full Service Brick and Mortar
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4 West Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04567First National BankOne Cedar Street, Ronceverte, WV 24970January 01, 1933Full Service Brick and Mortar
1212203Lewisburg Branch799 North Jefferson Street, Lewisburg, WV 24901March 24, 1986Full Service Brick and Mortar
6452493First National Bank-Wss Branch901 East Main Street, White Sulphur Springs, WV 24986May 31, 2006Full Service Brick and Mortar
7493045First National Bank - Downtown Lewis202 E. Washington Street, Lewisburg, WV 24901November 15, 2008Full Service Brick and Mortar
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