First State Bank and Trust, National Association in Rainelle, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 22, 1997

  • First State Bank and Trust, National Association in Rainelle, West Virginia (WV)
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First State Bank and Trust, National Association - Overview

  • General
  • FDIC Certificate #: 21172
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City National Bank of West Virginia (#17735)
    Federal Reserve ID: 967532
    Date Established: July 26, 1973
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 7 (Interstate: No)
    OTS Docket #: 12106
    FDIC's unique #: 14638
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: July 26, 1973
    Last Structure Change Effective Date: December 22, 1997
    Last Structure Change Process Date: January 07, 1998
    Last Data Update: January 07, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 1218 Main Street, Rainelle, WV 25962
    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
  • Financial Summary
  • Total assets: $105.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $55Total assets
  • $81,708Cash and due from depository institutions
  • $6,271Interest-bearing balances
  • $13Securities
  • $8,103Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $63,078Loan loss allowance
  • $573Trading account assets
  • $0Bank premises and fixed assets
  • $2,972Other real estate owned
  • $120Goodwill and other intangibles
  • $1,164Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $81,708Total liabilities
  • $74,940Total deposits
  • $74,261Interest-bearing deposits
  • $61,302Deposits held in domestic offices
  • 74261.00%% insured (estimated)
  • $93Federal funds purchased & repurchase agreements
  • $150Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $529Total equity capital
  • $529Total bank equity capital
  • $6,768Perpetual preferred stock
  • $0Common stock
  • $240Surplus
  • $1,571Undivided profits
  • Memoranda
  • $4,957Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $887Income earned, not collected on loans
  • $333Earning assets
  • $71,194Long-term assets (5+ years)
  • $21,870Average Assets, year-to-date
  • $85,217Average Assets, quarterly
  • $86,444Volatile liabilities
  • $9,758Insider loans
  • $4,228FHLB advances
  • $0Loans and leases held for sale
  • $20Unused loan commitments
  • $1,288Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $6,783Total risk weighted assets
  • $56,262Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $6,968Total interest expense
  • $2,909Net interest income
  • $4,059Provision for loan and lease losses
  • $347Total noninterest income
  • $615Fiduciary activities
  • $0Service charges on deposit accounts
  • $145Trading account gains & fees
  • $0Additional noninterest income
  • $470Total noninterest expense
  • $2,758Salaries and employee benefits
  • $1,151Premises and equipment expense
  • $496Additional noninterest expense
  • $1,111Pre-tax net operating income
  • $1,569Securities gains (losses)
  • $9Applicable income taxes
  • $547Income before extraordinary items
  • $1,031Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,031Net charge-offs
  • $163Cash dividends
  • $250Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.19%Cost of funding earning assets
  • 3.84%Net interest margin
  • 5.35%Noninterest income to earning assets
  • 0.81%Noninterest expense to earning assets
  • 3.64%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.21%Pretax return on assets
  • 1.85%Return on equity (ROE)
  • 16.30%Retained earnings to average equity (YTD only)
  • 12.35%Net charge-offs to loans
  • 0.25%Credit loss provision to net charge-offs
  • 212.88%Efficiency ratio
  • 59,007Assets per employee
  • 1.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.25%Loss allowance to loans
  • 0.90%Loss allowance to noncurrent loans
  • 64.60%Noncurrent assets plus other real estate owned to assets
  • 1.23%Noncurrent loans to loans
  • 1.39%Net loans and leases to deposits
  • 84.94%Net loans and leases to core deposits
  • 97.56%Equity capital to assets
  • 8.28%Core capital (leverage) ratio
  • 7.72%Tier 1 risk-based capital ratio
  • 12.06%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $85,217Average earning assets
  • $6,324Average equity
  • $75,837Average loans

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