FDIC Certificate #: 9994 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wesbanco Bank Parkersburg (#6174) Federal Reserve ID: 783031 Date Established: April 01, 1899 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 6388 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: April 01, 1998 Last Structure Change Process Date: April 14, 1998 Last Data Update: April 14, 1998 Data Source Date: April 05, 2012
Location
Address: Main Street, Ravenswood, WV 26164 County: Jackson 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: $62.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
21Total employees (full-time equivalent)
$63,657Total assets
$2,489Cash and due from depository institutions
$0Interest-bearing balances
$13,888Securities
$2,048Federal funds sold & reverse repurchase agreements
$43,382Net loans & leases
$660Loan loss allowance
$0Trading account assets
$187Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,663All other assets
$63,657Total liabilities and capital
$58,298Total liabilities
$56,913Total deposits
$49,286Interest-bearing deposits
$56,913Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,385All other liabilities
$5,359Total equity capital
$5,359Total bank equity capital
$5,359Perpetual preferred stock
$0Common stock
$640Surplus
$860Undivided profits
Memoranda
$3,859Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$166Earning assets
$0Long-term assets (5+ years)
$283Average Assets, year-to-date
$59,318Average Assets, quarterly
$6,771Volatile liabilities
$61,857Insider loans
$63,187FHLB advances
$2,988Loans and leases held for sale
$1,876Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,540Total unused commitments
$0Restructured Loans and leases
$40,467Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,900Total interest income
$2,120Total interest expense
$2,780Net interest income
$173Provision for loan and lease losses
$226Total noninterest income
$0Fiduciary activities
$134Service charges on deposit accounts
$0Trading account gains & fees
$92Additional noninterest income
$1,748Total noninterest expense
$904Salaries and employee benefits
$164Premises and equipment expense
$680Additional noninterest expense
$1,085Pre-tax net operating income
$0Securities gains (losses)
$360Applicable income taxes
$725Income before extraordinary items
$0Extraordinary gains - net
$725Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$12Sale, conversion, retirement of capital stock, net
$448Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.42%Yield on earning assets
3.64%Cost of funding earning assets
4.78%Net interest margin
0.39%Noninterest income to earning assets
3.00%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.75%Pretax return on assets
14.18%Return on equity (ROE)
5.42%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
1441.67%Credit loss provision to net charge-offs
104.83%Efficiency ratio
58,150Assets per employee
3.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
61.79%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
397.59%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.38%Net loans and leases to deposits
76.23%Net loans and leases to core deposits
80.45%Equity capital to assets
8.42%Core capital (leverage) ratio
8.45%Tier 1 risk-based capital ratio
13.13%Total risk-based capital ratio
Memoranda
$14Average assets
$61,857Average earning assets
$5,112Average equity
$58,179Average loans
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