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

First National Bank - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Change in Location
  • Financial Summary
  • Total 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
  • 57Total employees (full-time equivalent)
  • $264,513Total assets
  • $16,194Cash and due from depository institutions
  • $9,731Interest-bearing balances
  • $93,064Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $140,439Net loans & leases
  • $3,216Loan loss allowance
  • $0Trading account assets
  • $5,390Bank premises and fixed assets
  • $1,570Other real estate owned
  • $0Goodwill and other intangibles
  • $264,513Life insurance assets
  • $7,856All other assets
  • $237,890Total liabilities and capital
  • $231,422Total liabilities
  • $204,846Total deposits
  • $231,422Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 2172.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,389Trading liabilities
  • $0Other borrowed funds
  • $907Subordinated debt
  • $26,623All other liabilities
  • $26,623Total equity capital
  • $26,623Total bank equity capital
  • $0Perpetual preferred stock
  • $963Common stock
  • $3,750Surplus
  • $21,910Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $9,351Income earned, not collected on loans
  • $0Earning assets
  • $973Long-term assets (5+ years)
  • $243,234Average Assets, year-to-date
  • $62,520Average Assets, quarterly
  • $262,758Volatile liabilities
  • $262,985Insider loans
  • $158,551FHLB advances
  • $260,581Loans and leases held for sale
  • $4,081Unused loan commitments
  • $4,081Tier 1 (core) risk-based capital
  • $25,126Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $16,218Restructured Loans and leases
  • $10,871Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,043Total interest income
  • $2,605Total interest expense
  • $8,438Net interest income
  • $2,390Provision for loan and lease losses
  • $1,195Total noninterest income
  • $8Fiduciary activities
  • $622Service charges on deposit accounts
  • $0Trading account gains & fees
  • $565Additional noninterest income
  • $6,698Total noninterest expense
  • $3,049Salaries and employee benefits
  • $859Premises and equipment expense
  • $2,790Additional noninterest expense
  • $545Pre-tax net operating income
  • $263Securities gains (losses)
  • -$54Applicable income taxes
  • $862Income before extraordinary items
  • $0Extraordinary gains - net
  • $862Net income attributable to bank
  • $0Net charge-offs
  • $862Cash dividends
  • $2,529Sale, conversion, retirement of capital stock, net
  • $559Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.55%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.48%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.76%Noninterest expense to earning assets
  • 0.23%Net operating income to assets
  • 0.33%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 3.27%Return on equity (ROE)
  • 1.15%Retained earnings to average equity (YTD only)
  • 1.69%Net charge-offs to loans
  • 94.50%Credit loss provision to net charge-offs
  • 1.16%Efficiency ratio
  • 69,532Assets per employee
  • 4.64%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.85%Loss allowance to loans
  • 2.24%Loss allowance to noncurrent loans
  • 34.39%Noncurrent assets plus other real estate owned to assets
  • 4.13%Noncurrent loans to loans
  • 6.51%Net loans and leases to deposits
  • 60.69%Net loans and leases to core deposits
  • 64.75%Equity capital to assets
  • 10.06%Core capital (leverage) ratio
  • 9.64%Tier 1 risk-based capital ratio
  • 15.85%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $262,758Average earning assets
  • $26,355Average equity
  • $242,597Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $10,202Managed Assets
  • 1Number of Accounts
  • $3,301Personal trust and agency accounts
  • $3,063Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $238Non-managed Assets
  • 21Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $6,901Other retirement accounts
  • $5,979Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 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
  • 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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