Main Street Bank Corp. in city_name, state_name - Detailed Financial Reports, Location

Main Street Bank Corp. in Wheeling, West Virginia (WV)
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Main Street Bank Corp. routing number info

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

No	ID	Name	Address	Established	Service Type
0	358742	Main Street Bank Corp.	2001 Main Street, Suite 100, Wheeling, WV 26003	June 20, 2001	Full Service Brick and Mortar
1	444548	Wellsburg Branch	1010 Commerce Street, Wellsburg, WV 26070	September 19, 2005	Full Service Brick and Mortar
2	492949	Elm Grove Branch	2088 National Road, Wheeling, WV 26003	November 24, 2008	Full Service Brick and Mortar

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

Main Street Bank Corp. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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

Main Street Bank Corp. - Overview

Assets and Liabilities (December 31, 2011)

Income and Expense (December 31, 2011)

Performance and Condition Ratios (December 31, 2011)

List of branches

Comment about this bank, ask questions, or add new information about it:

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