First United Bank of West Virginia, National Association in Oakland, Maryland (MD)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 28, 1995

  • First United Bank of West Virginia, National Association in Oakland, Maryland (MD)
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First United Bank of West Virginia, National Association - Overview

  • General
  • FDIC Certificate #: 6788
    Status: Inactive
    Closing history: Change in Location
    Acquiring institution: First United Bank & Trust (#4857)
    Federal Reserve ID: 830337
    Date Established: January 01, 1887
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    FDIC's unique #: 4562
    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: January 01, 1934
    Last Structure Change Effective Date: August 28, 1995
    Last Structure Change Process Date: September 21, 1995
    Last Data Update: September 21, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 19 South Second Street, Oakland, MD 21550
    County: Garrett
    Quarterly Banking Profile Region: New York
    FDIC Geographic Region: New York
    FDIC Supervisory Region: New York
    FDIC Field Office: Baltimore
    Office of the Comptroller the Currency (OCC) District: Northeast
    Office of Thrift Supervision Region: Southeast
  • History of Changes
  • Merger - Without Assistance
    Change NONGEOFLDOFF from Default
    Change NONGEOFDICDBS from Default
    Change in Location
  • Financial Summary
  • Total assets: $50.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $28Total assets
  • $46,879Cash and due from depository institutions
  • $2,403Interest-bearing balances
  • $0Securities
  • $6,099Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $37,048Loan loss allowance
  • $218Trading account assets
  • $0Bank premises and fixed assets
  • $875Other real estate owned
  • $0Goodwill and other intangibles
  • $454Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $46,879Total liabilities
  • $43,116Total deposits
  • $40,544Interest-bearing deposits
  • $36,595Deposits held in domestic offices
  • 40544.00%% insured (estimated)
  • $85Federal funds purchased & repurchase agreements
  • $1,940Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $632Total equity capital
  • $632Total bank equity capital
  • $3,763Perpetual preferred stock
  • $0Common stock
  • $360Surplus
  • $1,000Undivided profits
  • Memoranda
  • $2,403Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6Income earned, not collected on loans
  • $203Earning assets
  • $43,147Long-term assets (5+ years)
  • $14,148Average Assets, year-to-date
  • $43,414Average Assets, quarterly
  • $45,765Volatile liabilities
  • $9,916Insider loans
  • $220FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $3,320Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,870Total risk weighted assets
  • $29,848Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,269Total interest expense
  • $1,296Net interest income
  • $1,973Provision for loan and lease losses
  • $18Total noninterest income
  • $409Fiduciary activities
  • $0Service charges on deposit accounts
  • $212Trading account gains & fees
  • $0Additional noninterest income
  • $197Total noninterest expense
  • $1,549Salaries and employee benefits
  • $692Premises and equipment expense
  • $269Additional noninterest expense
  • $588Pre-tax net operating income
  • $815Securities gains (losses)
  • $22Applicable income taxes
  • $303Income before extraordinary items
  • $534Extraordinary gains - net
  • $0Net income attributable to bank
  • $534Net charge-offs
  • $17Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.09%Cost of funding earning assets
  • 3.21%Net interest margin
  • 4.89%Noninterest income to earning assets
  • 1.01%Noninterest expense to earning assets
  • 3.84%Net operating income to assets
  • 1.20%Return on assets (ROA)
  • 1.23%Pretax return on assets
  • 1.93%Return on equity (ROE)
  • 15.14%Retained earnings to average equity (YTD only)
  • 15.14%Net charge-offs to loans
  • 0.05%Credit loss provision to net charge-offs
  • 105.88%Efficiency ratio
  • 65,029Assets per employee
  • 1.67%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.58%Loss allowance to noncurrent loans
  • 3633.33%Noncurrent assets plus other real estate owned to assets
  • 0.01%Noncurrent loans to loans
  • 0.02%Net loans and leases to deposits
  • 91.38%Net loans and leases to core deposits
  • 113.76%Equity capital to assets
  • 8.03%Core capital (leverage) ratio
  • 8.62%Tier 1 risk-based capital ratio
  • 12.97%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $43,414Average earning assets
  • $3,527Average equity
  • $40,387Average loans

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