First Neighborhood Bank in Spencer, West Virginia (WV)

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First Neighborhood Bank
GeneralFDIC 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
LocationAddress: 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 ChangesName Change
Change in Primary Regulatory Agency
Change in Supervisory Agency
Financial SummaryTotal 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)
Total employees (full-time equivalent)39
Total assets$139,967
Cash and due from depository institutions$5,469
Interest-bearing balances$130
Federal funds sold & reverse repurchase agreements$8,975
Net loans & leases$83,964
Loan loss allowance $844
Trading account assets$0
Bank premises and fixed assets$3,307
Other real estate owned$653
Goodwill and other intangibles$0
All other assets$4,509
Life insurance assets$139,967
Total liabilities and capital$127,265
Total liabilities$125,933
Total deposits$98,327
Interest-bearing deposits$125,933
Deposits held in domestic offices$91
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$17
Other borrowed funds $0
Subordinated debt $1,315
All other liabilities $12,702
Total equity capital$12,702
Total bank equity capital$12,702
Perpetual preferred stock$0
Common stock$546
Undivided profits $10,656
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 $534
Earning assets $19
Long-term assets (5+ years) $413
Average Assets, year-to-date $126,159
Average Assets, quarterly $57,761
Volatile liabilities $140,047
Insider loans $140,421
FHLB advances $80,544
Loans and leases held for sale $139,228
Unused loan commitments $2,927
Tier 1 (core) risk-based capital $1,345
Tier 2 risk-based capital $12,513
Total risk weighted assets $0
Total unused commitments $1,582
Restructured Loans and leases $12,205
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $5,809
Total interest expense $1,195
Net interest income $4,614
Provision for loan and lease losses $180
Total noninterest income $667
Fiduciary activities $0
Service charges on deposit accounts $456
Trading account gains & fees $0
Additional noninterest income $211
Total noninterest expense $4,342
Salaries and employee benefits $1,998
Premises and equipment expense $568
Additional noninterest expense $1,776
Pre-tax net operating income $759
Securities gains (losses) $146
Applicable income taxes $250
Income before extraordinary items $655
Extraordinary gains - net $0
Net income attributable to bank $655
Net charge-offs $0
Cash dividends $655
Sale, conversion, retirement of capital stock, net $172
Net operating income $149
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.62%
Cost of funding earning assets 0.95%
Net interest margin 3.67%
Noninterest income to earning assets 0.53%
Noninterest expense to earning assets 3.45%
Net operating income to assets 0.39%
Return on assets (ROA) 0.47%
Pretax return on assets 0.65%
Return on equity (ROE) 5.31%
Retained earnings to average equity (YTD only) 4.11%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 104.65%
Efficiency ratio5.46%
Assets per employee$82,219
Cash dividends to net income (YTD only)3.59%
Condition Ratios (%)
Loss allowance to loans 22.75%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 158.05%
Noncurrent loans to loans 0.85%
Net loans and leases to deposits0.63%
Net loans and leases to core deposits 66.67%
Equity capital to assets 68.52%
Core capital (leverage) ratio 9.07%
Tier 1 risk-based capital ratio 8.99%
Total risk-based capital ratio 15.54%
Average assets$17
Average earning assets$140,047
Average equity $12,324
Average loans $125,865
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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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