Hancock County Savings Bank, F.S.B. in Chester, West Virginia (WV)



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Hancock County Savings Bank, F.S.B.
GeneralFDIC Certificate #: 29035
Status: Active
Federal Reserve ID: 888271
Date Established: January 01, 1899
WWW: http://www.hcsbank.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 3 (Domestic: 3, Interstate: No)
OTS Docket #: 2808
FDIC's unique #: 41869
Numeric code: 34
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
FDIC Insured: Yes
Insured Savings Institution: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: January 02, 1935
Last Structure Change Effective Date: July 21, 2011
Last Structure Change Process Date: July 21, 2011
Last Data Update: July 21, 2011
Data Source Date: April 05, 2012
LocationAddress: 351 Carolina Avenue, Chester, WV 26034
County: Hancock
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): Steubenville-Weirton, OH-WV (#8080)
Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600)
CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $312.7 mil
Equity capital: $50.5 mil
Deposits held in domestic offices: $260.8 mil
Return on assets (ROA): 0.81% ($2.5 mil)
Quarterly return on assets: 0.82% ($2.6 mil)
Return on Equity (ROE): 5.02% ($2.5 mil)
Quarterly return on equity: 5.10% ($2.5 mil)
Net income: $2.5 mil
Quarterly Net income: $0.6 mil
Pretax return on assets: 1.32% ($4,127.7 mil)
Quarterly Pretax return on assets: 1.33% ($4,158.9 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)
Total employees (full-time equivalent)79
Total assets$312,703
Cash and due from depository institutions$21,590
Interest-bearing balances$19,550
Securities$32,988
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$246,762
Loan loss allowance $2,505
Trading account assets$0
Bank premises and fixed assets$5,087
Other real estate owned$55
Goodwill and other intangibles$139
All other assets$6,082
Life insurance assets$312,703
Total liabilities and capital$262,216
Total liabilities$260,838
Total deposits$251,111
Interest-bearing deposits$260,838
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,378
All other liabilities $50,487
Total equity capital$50,487
Total bank equity capital$50,487
Perpetual preferred stock$0
Common stock$0
Surplus$0
Undivided profits $50,487
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,360
Earning assets $0
Long-term assets (5+ years) $1,208
Average Assets, year-to-date $299,300
Average Assets, quarterly $0
Volatile liabilities $306,349
Insider loans $311,186
FHLB advances $162,643
Loans and leases held for sale $312,634
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $50,418
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $9,050
Derivatives$965
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $14,515
Total interest expense $2,681
Net interest income $11,834
Provision for loan and lease losses $1,048
Total noninterest income $1,207
Fiduciary activities $0
Service charges on deposit accounts $1,102
Trading account gains & fees $0
Additional noninterest income $105
Total noninterest expense $7,947
Salaries and employee benefits $4,469
Premises and equipment expense $1,759
Additional noninterest expense $1,719
Pre-tax net operating income $4,046
Securities gains (losses) $0
Applicable income taxes $1,572
Income before extraordinary items $2,474
Extraordinary gains - net $0
Net income attributable to bank $2,474
Net charge-offs $0
Cash dividends $2,474
Sale, conversion, retirement of capital stock, net $979
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.94%
Cost of funding earning assets 0.91%
Net interest margin 4.03%
Noninterest income to earning assets 0.41%
Noninterest expense to earning assets 2.70%
Net operating income to assets 0.81%
Return on assets (ROA) 0.81%
Pretax return on assets 1.32%
Return on equity (ROE) 5.02%
Retained earnings to average equity (YTD only) 5.02%
Net charge-offs to loans 0.39%
Credit loss provision to net charge-offs 107.05%
Efficiency ratio5.20%
Assets per employee$60,747
Cash dividends to net income (YTD only)3.96%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.00%
Noncurrent assets plus other real estate owned to assets 106.14%
Noncurrent loans to loans 0.77%
Net loans and leases to deposits0.95%
Net loans and leases to core deposits 94.60%
Equity capital to assets 97.10%
Core capital (leverage) ratio 16.15%
Tier 1 risk-based capital ratio 16.13%
Total risk-based capital ratio 31.00%
Memoranda
Average assets$32
Average earning assets$306,349
Average equity $49,242
Average loans $293,807
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3 West Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041869Hancock County Savings Bank, F.S.b.351 Carolina Avenue, Chester, WV 26034January 01, 1899Full Service Brick and Mortar
1272480375 Three Springs Drive Branch375 Three Springs Drive, Weirton, WV 26062January 01, 1899Full Service Brick and Mortar
100272481Ridge Ave Branch1200 Ridge Avenue, New Cumberland, WV 26047January 01, 1899Full Service Brick and Mortar
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