First Neighborhood Bank in Spencer, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • First Neighborhood Bank in Spencer, West Virginia (WV)
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First Neighborhood Bank - Overview

  • General
  • FDIC Certificate #: 6800
    Status: Active
    Federal Reserve ID: 911339
    Bank Holding Company (Regulatory Top Holder): West-Central Bancorp, Inc. (RSSDID: 1076169, Location: Spencer, WV)
    Date Established: Febuary 08, 1912
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    OTS Docket #: 15891
    FDIC's unique #: 4572
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 01, 2006
    Last Structure Change Process Date: November 15, 2006
    Last Data Update: November 15, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 216 Market Street, Spencer, WV 25276
    County: Roane
    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
  • Name Change
    Change in Primary Regulatory Agency
    Change in Supervisory Agency
  • Financial Summary
  • Total assets: $140.0 mil
    Equity capital: $12.7 mil
    Deposits held in domestic offices: $125.9 mil
    Return on assets (ROA): 0.47% ($0.7 mil)
    Quarterly return on assets: 0.52% ($0.7 mil)
    Return on Equity (ROE): 5.31% ($0.7 mil)
    Quarterly return on equity: 5.78% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.65% ($909.8 mil)
    Quarterly Pretax return on assets: 0.71% ($993.8 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
  • 39Total employees (full-time equivalent)
  • $139,967Total assets
  • $5,469Cash and due from depository institutions
  • $130Interest-bearing balances
  • $33,090Securities
  • $8,975Federal funds sold & reverse repurchase agreements
  • $83,964Net loans & leases
  • $844Loan loss allowance
  • $0Trading account assets
  • $3,307Bank premises and fixed assets
  • $653Other real estate owned
  • $0Goodwill and other intangibles
  • $139,967Life insurance assets
  • $4,509All other assets
  • $127,265Total liabilities and capital
  • $125,933Total liabilities
  • $98,327Total deposits
  • $125,933Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $17Trading liabilities
  • $0Other borrowed funds
  • $1,315Subordinated debt
  • $12,702All other liabilities
  • $12,702Total equity capital
  • $12,702Total bank equity capital
  • $0Perpetual preferred stock
  • $546Common stock
  • $1,500Surplus
  • $10,656Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $534Income earned, not collected on loans
  • $19Earning assets
  • $413Long-term assets (5+ years)
  • $126,159Average Assets, year-to-date
  • $57,761Average Assets, quarterly
  • $140,047Volatile liabilities
  • $140,421Insider loans
  • $80,544FHLB advances
  • $139,228Loans and leases held for sale
  • $2,927Unused loan commitments
  • $1,345Tier 1 (core) risk-based capital
  • $12,513Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,582Total unused commitments
  • $12,205Restructured Loans and leases
  • $3,022Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,809Total interest income
  • $1,195Total interest expense
  • $4,614Net interest income
  • $180Provision for loan and lease losses
  • $667Total noninterest income
  • $0Fiduciary activities
  • $456Service charges on deposit accounts
  • $0Trading account gains & fees
  • $211Additional noninterest income
  • $4,342Total noninterest expense
  • $1,998Salaries and employee benefits
  • $568Premises and equipment expense
  • $1,776Additional noninterest expense
  • $759Pre-tax net operating income
  • $146Securities gains (losses)
  • $250Applicable income taxes
  • $655Income before extraordinary items
  • $0Extraordinary gains - net
  • $655Net income attributable to bank
  • $0Net charge-offs
  • $655Cash dividends
  • $172Sale, conversion, retirement of capital stock, net
  • $149Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 0.95%Cost of funding earning assets
  • 3.67%Net interest margin
  • 0.53%Noninterest income to earning assets
  • 3.45%Noninterest expense to earning assets
  • 0.39%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 5.31%Return on equity (ROE)
  • 4.11%Retained earnings to average equity (YTD only)
  • 0.19%Net charge-offs to loans
  • 104.65%Credit loss provision to net charge-offs
  • 5.46%Efficiency ratio
  • 82,219Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 22.75%Loss allowance to loans
  • 1.00%Loss allowance to noncurrent loans
  • 158.05%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 0.63%Net loans and leases to deposits
  • 66.67%Net loans and leases to core deposits
  • 68.52%Equity capital to assets
  • 9.07%Core capital (leverage) ratio
  • 8.99%Tier 1 risk-based capital ratio
  • 15.54%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $140,047Average earning assets
  • $12,324Average equity
  • $125,865Average loans

List of branches

  • 4 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04572First Neighborhood Bank216 Market Street, Spencer, WV 25276Febuary 08, 1912Full Service Brick and Mortar
    1212207Drive-In Branch334 Main Street, Spencer, WV 25276September 04, 1975Full Service Brick and Mortar
    2212208Parkersburg Branch4416 Emerson Avenue, Parkersburg, WV 26104June 11, 1998Full Service Brick and Mortar
    3444026South Parkersburg Office Branch500 Division Street, Parkersburg, WV 26103January 03, 2005Full Service Brick and Mortar

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