Logan Bank & Trust Company in Logan, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

Logan Bank & Trust Company - Overview

  • General
  • FDIC Certificate #: 19285
    Status: Active
    Federal Reserve ID: 164331
    Bank Holding Company (Regulatory Top Holder): Logan County Bancshares, Inc. (RSSDID: 1133259, Location: Logan, WV)
    Date Established: November 24, 1964
    WWW: http://www.lbandt.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    FDIC's unique #: 13098
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: November 24, 1964
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: Main Street And Washington Avenue, Logan, WV 25601
    County: Logan
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $246.5 mil
    Equity capital: $22.7 mil
    Deposits held in domestic offices: $222.9 mil
    Return on assets (ROA): 0.68% ($1.7 mil)
    Quarterly return on assets: 0.52% ($1.3 mil)
    Return on Equity (ROE): 7.38% ($1.7 mil)
    Quarterly return on equity: 5.73% ($1.3 mil)
    Net income: $1.7 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.01% ($2,489.5 mil)
    Quarterly Pretax return on assets: 0.89% ($2,193.7 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
  • 66Total employees (full-time equivalent)
  • $246,488Total assets
  • $54,444Cash and due from depository institutions
  • $47,686Interest-bearing balances
  • $74,585Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,657Net loans & leases
  • $1,318Loan loss allowance
  • $0Trading account assets
  • $2,273Bank premises and fixed assets
  • $249Other real estate owned
  • $24Goodwill and other intangibles
  • $246,488Life insurance assets
  • $8,256All other assets
  • $223,782Total liabilities and capital
  • $222,861Total liabilities
  • $166,813Total deposits
  • $222,861Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $921Subordinated debt
  • $22,706All other liabilities
  • $22,706Total equity capital
  • $22,706Total bank equity capital
  • $0Perpetual preferred stock
  • $1,100Common stock
  • $1,600Surplus
  • $20,006Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $865Income earned, not collected on loans
  • $0Earning assets
  • $743Long-term assets (5+ years)
  • $228,928Average Assets, year-to-date
  • $129,088Average Assets, quarterly
  • $244,551Volatile liabilities
  • $248,531Insider loans
  • $112,554FHLB advances
  • $249,688Loans and leases held for sale
  • $5,840Unused loan commitments
  • $5,840Tier 1 (core) risk-based capital
  • $22,546Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $7,223Restructured Loans and leases
  • $2,034Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,921Total interest income
  • $1,626Total interest expense
  • $7,295Net interest income
  • $0Provision for loan and lease losses
  • $1,429Total noninterest income
  • $0Fiduciary activities
  • $534Service charges on deposit accounts
  • $0Trading account gains & fees
  • $895Additional noninterest income
  • $6,251Total noninterest expense
  • $3,484Salaries and employee benefits
  • $557Premises and equipment expense
  • $2,210Additional noninterest expense
  • $2,473Pre-tax net operating income
  • $2Securities gains (losses)
  • $818Applicable income taxes
  • $1,657Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,657Net income attributable to bank
  • $0Net charge-offs
  • $1,657Cash dividends
  • $236Sale, conversion, retirement of capital stock, net
  • $1,203Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.93%Yield on earning assets
  • 0.72%Cost of funding earning assets
  • 3.21%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 2.75%Noninterest expense to earning assets
  • 0.68%Net operating income to assets
  • 0.68%Return on assets (ROA)
  • 1.01%Pretax return on assets
  • 7.38%Return on equity (ROE)
  • 2.02%Retained earnings to average equity (YTD only)
  • 0.21%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 10.48%Efficiency ratio
  • 71,653Assets per employee
  • 3.73%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 72.60%Loss allowance to loans
  • 1.22%Loss allowance to noncurrent loans
  • 152.37%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 47.86%Net loans and leases to core deposits
  • 51.27%Equity capital to assets
  • 9.21%Core capital (leverage) ratio
  • 9.03%Tier 1 risk-based capital ratio
  • 20.03%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $244,551Average earning assets
  • $22,453Average equity
  • $227,132Average loans

List of branches

  • 6 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    013098Logan Bank & Trust CompanyMain Street And Washington Avenue, Logan, WV 25601November 24, 1964Full Service Brick and Mortar
    1247799Mini Branch512-514 Stratton Street, Logan, WV 25601October 14, 1980Full Service Brick and Mortar
    2247800Man BranchRt 10 Huff Junction, Man, WV 25635Febuary 05, 1996Full Service Brick and Mortar
    316440Chapmanville BranchRailroad Avenue And Sixth Street, Chapmanville, WV 25508June 15, 1981Full Service Brick and Mortar
    4247773Harts BranchState Route 10, Harts, WV 25524August 20, 1984Full Service Brick and Mortar
    5357064Fountain Place Mall BranchOne Lb&T Way, Logan, WV 25601June 30, 2000Full Service Brick and Mortar

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