FirstBank Shinnston in Shinnston, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 04, 1994

FirstBank Shinnston in Shinnston, West Virginia (WV)
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FirstBank Shinnston - Overview

General
FDIC Certificate #: 6179
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank Bridgeport, Inc. (#18264)
Federal Reserve ID: 9133
Date Established: Febuary 18, 1932
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
OTS Docket #: 10516
FDIC's unique #: 4163
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: June 04, 1994
Last Structure Change Process Date: June 28, 1994
Last Data Update: June 28, 1994
Data Source Date: April 05, 2012
Location
Address: Main Street, Shinnston, WV 26431
County: Harrison
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
Combined Statistical Area (CSA): Fairmont-Clarksburg, WV (#242)
Core Based Statistical Area (CBSA): Clarksburg, WV (#17220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $77.6 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$63Total assets
$76,705Cash and due from depository institutions
$4,518Interest-bearing balances
$39Securities
$24,565Federal funds sold & reverse repurchase agreements
$2,700Net loans & leases
$41,266Loan loss allowance
$675Trading account assets
$0Bank premises and fixed assets
$2,757Other real estate owned
$14Goodwill and other intangibles
$837Life insurance assets
$48All other assets
$0Total liabilities and capital
$76,705Total liabilities
$70,520Total deposits
$68,197Interest-bearing deposits
$59,442Deposits held in domestic offices
68197.00%% insured (estimated)
$97Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$2,323Total equity capital
$2,323Total bank equity capital
$6,185Perpetual preferred stock
$0Common stock
$400Surplus
$4,182Undivided profits
Memoranda
$1,603Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$734Income earned, not collected on loans
$235Earning assets
$68,570Long-term assets (5+ years)
$21,156Average Assets, year-to-date
$76,517Average Assets, quarterly
$76,674Volatile liabilities
$2,358Insider loans
$1,039FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,905Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,137Total risk weighted assets
$39,499Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$5,775Total interest expense
$1,927Net interest income
$3,848Provision for loan and lease losses
$120Total noninterest income
$363Fiduciary activities
$0Service charges on deposit accounts
$282Trading account gains & fees
$0Additional noninterest income
$81Total noninterest expense
$2,666Salaries and employee benefits
$1,409Premises and equipment expense
$478Additional noninterest expense
$779Pre-tax net operating income
$1,425Securities gains (losses)
$4Applicable income taxes
$488Income before extraordinary items
$941Extraordinary gains - net
$0Net income attributable to bank
$941Net charge-offs
$21Cash dividends
$441Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.36%Cost of funding earning assets
2.79%Net interest margin
5.57%Noninterest income to earning assets
0.53%Noninterest expense to earning assets
3.86%Net operating income to assets
1.23%Return on assets (ROA)
1.23%Pretax return on assets
1.87%Return on equity (ROE)
15.82%Retained earnings to average equity (YTD only)
8.40%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
571.43%Efficiency ratio
62,099Assets per employee
1.22%Cash dividends to net income (YTD only)
Condition Ratios (%)
46.87%Loss allowance to loans
1.61%Loss allowance to noncurrent loans
91.96%Noncurrent assets plus other real estate owned to assets
0.98%Noncurrent loans to loans
1.75%Net loans and leases to deposits
60.51%Net loans and leases to core deposits
62.68%Equity capital to assets
8.06%Core capital (leverage) ratio
7.99%Tier 1 risk-based capital ratio
15.54%Total risk-based capital ratio
Memoranda
$18Average assets
$76,517Average earning assets
$5,950Average equity
$69,099Average loans

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