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

First Sentry Bank, Inc. - Overview

  • General
  • FDIC Certificate #: 34241
    Status: Active
    Federal Reserve ID: 2506757
    Bank Holding Company (Regulatory Top Holder): First Sentry Bancshares, Inc. (RSSDID: 3065774, Location: Huntington, WV)
    Date Established: October 23, 1996
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 57000
    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: October 23, 1996
    Last Structure Change Effective Date: September 26, 2009
    Last Structure Change Process Date: October 09, 2009
    Last Data Update: October 09, 2009
    Data Source Date: April 05, 2012
  • Location
  • Address: 823 Eighth Street, Huntington, WV 25701
    County: Cabell
    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
    Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
    Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
    CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $496.1 mil
    Equity capital: $40.5 mil
    Deposits held in domestic offices: $401.8 mil
    Return on assets (ROA): 0.66% ($3.3 mil)
    Quarterly return on assets: 0.54% ($2.7 mil)
    Return on Equity (ROE): 8.18% ($3.4 mil)
    Quarterly return on equity: 6.60% ($2.7 mil)
    Net income: $3.2 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.91% ($4,514.1 mil)
    Quarterly Pretax return on assets: 0.72% ($3,571.6 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
  • 77Total employees (full-time equivalent)
  • $496,053Total assets
  • $13,870Cash and due from depository institutions
  • $4,499Interest-bearing balances
  • $110,821Securities
  • $255Federal funds sold & reverse repurchase agreements
  • $351,912Net loans & leases
  • $5,855Loan loss allowance
  • $0Trading account assets
  • $6,417Bank premises and fixed assets
  • $1,999Other real estate owned
  • $2,813Goodwill and other intangibles
  • $496,053Life insurance assets
  • $7,966All other assets
  • $455,537Total liabilities and capital
  • $401,848Total liabilities
  • $338,451Total deposits
  • $401,848Interest-bearing deposits
  • $87Deposits held in domestic offices
  • 21263.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $31,221Trading liabilities
  • $0Other borrowed funds
  • $1,205Subordinated debt
  • $40,516All other liabilities
  • $40,516Total equity capital
  • $40,516Total bank equity capital
  • $0Perpetual preferred stock
  • $60Common stock
  • $25,544Surplus
  • $14,912Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,463Income earned, not collected on loans
  • $142Earning assets
  • $2,035Long-term assets (5+ years)
  • $467,487Average Assets, year-to-date
  • $146,844Average Assets, quarterly
  • $491,788Volatile liabilities
  • $496,969Insider loans
  • $341,566FHLB advances
  • $508,170Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $37,379Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $61,284Restructured Loans and leases
  • $16,747Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,084Total interest income
  • $5,779Total interest expense
  • $16,305Net interest income
  • $3,567Provision for loan and lease losses
  • $1,211Total noninterest income
  • $0Fiduciary activities
  • $814Service charges on deposit accounts
  • $0Trading account gains & fees
  • $397Additional noninterest income
  • $9,640Total noninterest expense
  • $4,357Salaries and employee benefits
  • $1,079Premises and equipment expense
  • $4,204Additional noninterest expense
  • $4,309Pre-tax net operating income
  • $178Securities gains (losses)
  • $1,260Applicable income taxes
  • $3,227Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,227Net income attributable to bank
  • $0Net charge-offs
  • $3,227Cash dividends
  • $2,717Sale, conversion, retirement of capital stock, net
  • $1,366Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.81%Yield on earning assets
  • 1.26%Cost of funding earning assets
  • 3.55%Net interest margin
  • 0.26%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.91%Pretax return on assets
  • 8.18%Return on equity (ROE)
  • 4.72%Retained earnings to average equity (YTD only)
  • 0.76%Net charge-offs to loans
  • 131.28%Credit loss provision to net charge-offs
  • 2.90%Efficiency ratio
  • 55,035Assets per employee
  • 6.44%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.33%Loss allowance to loans
  • 1.64%Loss allowance to noncurrent loans
  • 69.18%Noncurrent assets plus other real estate owned to assets
  • 2.11%Noncurrent loans to loans
  • 2.37%Net loans and leases to deposits
  • 87.57%Net loans and leases to core deposits
  • 116.30%Equity capital to assets
  • 8.17%Core capital (leverage) ratio
  • 7.36%Tier 1 risk-based capital ratio
  • 10.94%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $491,788Average earning assets
  • $39,461Average equity
  • $458,945Average loans

List of branches

  • 4 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    057000First Sentry Bank, Inc.823 Eighth Street, Huntington, WV 25701October 23, 1996Full Service Brick and Mortar
    1432078Mud River Road Branch6501 Mud River Road, Barboursville, WV 25504July 07, 2004Full Service Brick and Mortar
    3334439U.S. Route 60 East Branch5604 U.S. Route 60 East, Huntington, WV 25705April 17, 2000Full Service Brick and Mortar
    4452945Hamiln Office Branch5 Second Street, Hamlin, WV 25523May 17, 2006Full Service Brick and Mortar

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