First Peoples Bank, Inc. in Mullens, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


First Peoples Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 6173
    Status: Active
    Federal Reserve ID: 708333
    Bank Holding Company (Regulatory Top Holder): Peoples Bankshares, Inc. (RSSDID: 1472211, Location: Mullens, WV)
    Date Established: January 12, 1926
    WWW: http://www.firstpeoplesbank.org
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 4157
    Numeric code: 13
    Regulator: FED
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: June 30, 2008
    Last Structure Change Process Date: July 02, 2008
    Last Data Update: July 02, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 200 First Street, Mullens, WV 25882
    County: Wyoming
    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
  • Financial Summary
  • Total assets: $122.9 mil
    Equity capital: $18.9 mil
    Deposits held in domestic offices: $103.6 mil
    Return on assets (ROA): 0.27% ($0.3 mil)
    Quarterly return on assets: 0.29% ($0.4 mil)
    Return on Equity (ROE): 1.72% ($0.3 mil)
    Quarterly return on equity: 1.88% ($0.4 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.37% ($454.7 mil)
    Quarterly Pretax return on assets: 0.46% ($565.3 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
  • 20Total employees (full-time equivalent)
  • $122,886Total assets
  • $24,577Cash and due from depository institutions
  • $20,672Interest-bearing balances
  • $66,313Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $28,897Net loans & leases
  • $350Loan loss allowance
  • $0Trading account assets
  • $1,724Bank premises and fixed assets
  • $150Other real estate owned
  • $0Goodwill and other intangibles
  • $122,886Life insurance assets
  • $1,225All other assets
  • $103,946Total liabilities and capital
  • $103,566Total liabilities
  • $83,913Total deposits
  • $103,566Interest-bearing deposits
  • $89Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $380Subordinated debt
  • $18,940All other liabilities
  • $18,940Total equity capital
  • $18,940Total bank equity capital
  • $0Perpetual preferred stock
  • $1,200Common stock
  • $1,200Surplus
  • $16,540Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $92Income earned, not collected on loans
  • $0Earning assets
  • $295Long-term assets (5+ years)
  • $115,882Average Assets, year-to-date
  • $22,009Average Assets, quarterly
  • $123,449Volatile liabilities
  • $124,446Insider loans
  • $68,649FHLB advances
  • $126,526Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $18,747Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,328Restructured Loans and leases
  • $860Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,728Total interest income
  • $734Total interest expense
  • $1,994Net interest income
  • $0Provision for loan and lease losses
  • $527Total noninterest income
  • $3Fiduciary activities
  • $311Service charges on deposit accounts
  • $0Trading account gains & fees
  • $213Additional noninterest income
  • $2,290Total noninterest expense
  • $1,047Salaries and employee benefits
  • $254Premises and equipment expense
  • $989Additional noninterest expense
  • $231Pre-tax net operating income
  • $229Securities gains (losses)
  • $128Applicable income taxes
  • $332Income before extraordinary items
  • $0Extraordinary gains - net
  • $332Net income attributable to bank
  • $0Net charge-offs
  • $332Cash dividends
  • $7Sale, conversion, retirement of capital stock, net
  • $442Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 2.34%Yield on earning assets
  • 0.63%Cost of funding earning assets
  • 1.71%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 1.96%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.27%Return on assets (ROA)
  • 0.37%Pretax return on assets
  • 1.72%Return on equity (ROE)
  • -0.57%Retained earnings to average equity (YTD only)
  • 0.02%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 33.00%Efficiency ratio
  • 90,837Assets per employee
  • 6.14%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 133.13%Loss allowance to loans
  • 1.20%Loss allowance to noncurrent loans
  • 380.43%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.31%Net loans and leases to deposits
  • 27.90%Net loans and leases to core deposits
  • 28.49%Equity capital to assets
  • 15.41%Core capital (leverage) ratio
  • 14.82%Tier 1 risk-based capital ratio
  • 27.31%Total risk-based capital ratio
  • Memoranda
  • $28Average assets
  • $123,449Average earning assets
  • $19,293Average equity
  • $116,698Average 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
  • $6,485Managed Assets
  • 1Number of Accounts
  • $6,485Personal trust and agency accounts
  • $6,485Employee 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
  • $0Non-managed Assets
  • 4Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

List of branches

  • 3 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04157First Peoples Bank, Inc.200 First Street, Mullens, WV 25882January 12, 1926Full Service Brick and Mortar
    1208919Pineville BranchWilliamson Avenue, Pineville, WV 24874March 01, 1985Full Service Brick and Mortar
    2492676Macarthur Branch123 Bethel Rd, Mac Arthur, WV 25873December 15, 2008Full Service Brick and Mortar

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