Main Street Bank Corp. in Wheeling, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


Main Street Bank Corp. - Overview

  • General
  • FDIC Certificate #: 57162
    Status: Active
    Federal Reserve ID: 3034695
    Bank Holding Company (Regulatory Top Holder): Main Street Financial Services Corp (RSSDID: 3178900, Location: Wheeling, WV)
    Date Established: June 20, 2001
    WWW: http://www.mymainstreetbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 358742
    Numeric code: 21
    Regulator: FDIC
    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: Commercial Lending Specialization
    Date of Deposit Insurance: June 20, 2001
    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: 2001 Main Street, Suite 100, Wheeling, WV 26003
    County: Ohio
    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): Wheeling, WV-OH (#9000)
    Core Based Statistical Area (CBSA): Wheeling, WV-OH (#48540)
    CBSA Metro Statistical Area: Wheeling, WV-OH (#48540)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $244.0 mil
    Equity capital: $21.1 mil
    Deposits held in domestic offices: $208.7 mil
    Return on assets (ROA): 0.98% ($2.4 mil)
    Quarterly return on assets: 1.03% ($2.5 mil)
    Return on Equity (ROE): 11.46% ($2.4 mil)
    Quarterly return on equity: 11.86% ($2.5 mil)
    Net income: $2.3 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.46% ($3,562.7 mil)
    Quarterly Pretax return on assets: 1.55% ($3,782.4 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
  • 44Total employees (full-time equivalent)
  • $244,023Total assets
  • $13,167Cash and due from depository institutions
  • $11,487Interest-bearing balances
  • $26,964Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $193,260Net loans & leases
  • $2,757Loan loss allowance
  • $0Trading account assets
  • $2,162Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $244,023Life insurance assets
  • $8,470All other assets
  • $222,873Total liabilities and capital
  • $208,667Total liabilities
  • $174,329Total deposits
  • $208,667Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 10478.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,000Trading liabilities
  • $0Other borrowed funds
  • $728Subordinated debt
  • $21,150All other liabilities
  • $21,150Total equity capital
  • $21,150Total bank equity capital
  • $0Perpetual preferred stock
  • $1,738Common stock
  • $11,551Surplus
  • $7,861Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,429Income earned, not collected on loans
  • $0Earning assets
  • $841Long-term assets (5+ years)
  • $231,711Average Assets, year-to-date
  • $171,179Average Assets, quarterly
  • $235,159Volatile liabilities
  • $241,074Insider loans
  • $173,088FHLB advances
  • $238,976Loans and leases held for sale
  • $4,165Unused loan commitments
  • $4,165Tier 1 (core) risk-based capital
  • $21,103Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $25,521Restructured Loans and leases
  • $9,799Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,568Total interest income
  • $2,472Total interest expense
  • $9,096Net interest income
  • $500Provision for loan and lease losses
  • $270Total noninterest income
  • $0Fiduciary activities
  • $218Service charges on deposit accounts
  • $0Trading account gains & fees
  • $52Additional noninterest income
  • $5,426Total noninterest expense
  • $2,252Salaries and employee benefits
  • $704Premises and equipment expense
  • $2,470Additional noninterest expense
  • $3,440Pre-tax net operating income
  • $0Securities gains (losses)
  • $1,133Applicable income taxes
  • $2,307Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,307Net income attributable to bank
  • $0Net charge-offs
  • $2,307Cash dividends
  • $147Sale, conversion, retirement of capital stock, net
  • $471Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.18%Yield on earning assets
  • 1.11%Cost of funding earning assets
  • 4.07%Net interest margin
  • 0.12%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 0.98%Net operating income to assets
  • 0.98%Return on assets (ROA)
  • 1.46%Pretax return on assets
  • 11.46%Return on equity (ROE)
  • 9.12%Retained earnings to average equity (YTD only)
  • 0.08%Net charge-offs to loans
  • 340.14%Credit loss provision to net charge-offs
  • 26.80%Efficiency ratio
  • 57,933Assets per employee
  • 5.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.42%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 37.11%Noncurrent assets plus other real estate owned to assets
  • 3.04%Noncurrent loans to loans
  • 3.79%Net loans and leases to deposits
  • 92.62%Net loans and leases to core deposits
  • 104.21%Equity capital to assets
  • 8.67%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 12.19%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $235,159Average earning assets
  • $20,139Average equity
  • $223,304Average loans

List of branches

  • 3 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0358742Main Street Bank Corp.2001 Main Street, Suite 100, Wheeling, WV 26003June 20, 2001Full Service Brick and Mortar
    1444548Wellsburg Branch1010 Commerce Street, Wellsburg, WV 26070September 19, 2005Full Service Brick and Mortar
    2492949Elm Grove Branch2088 National Road, Wheeling, WV 26003November 24, 2008Full Service Brick and Mortar

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