Miners & Merchants Bank in Thomas, West Virginia (WV), MD
Overview, Financial Summary, Detailed Financial Reports, Branches


Miners & Merchants Bank - Overview

  • General
  • FDIC Certificate #: 13018
    Status: Active
    Federal Reserve ID: 913436
    Date Established: June 10, 1902
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: Yes)
    FDIC's unique #: 8225
    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: Other Specialized Lending < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 172 East Ave, Thomas, WV 26292
    County: Tucker
    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
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $53.6 mil
    Equity capital: $7.6 mil
    Deposits held in domestic offices: $45.9 mil
    Return on assets (ROA): 0.66% ($0.4 mil)
    Quarterly return on assets: 0.41% ($0.2 mil)
    Return on Equity (ROE): 4.66% ($0.4 mil)
    Quarterly return on equity: 2.84% ($0.2 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.89% ($476.8 mil)
    Quarterly Pretax return on assets: 0.29% ($155.4 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
  • 23Total employees (full-time equivalent)
  • $53,575Total assets
  • $7,974Cash and due from depository institutions
  • $0Interest-bearing balances
  • $22,867Securities
  • $3,135Federal funds sold & reverse repurchase agreements
  • $18,651Net loans & leases
  • $200Loan loss allowance
  • $0Trading account assets
  • $275Bank premises and fixed assets
  • $134Other real estate owned
  • $7Goodwill and other intangibles
  • $53,575Life insurance assets
  • $532All other assets
  • $45,968Total liabilities and capital
  • $45,931Total liabilities
  • $32,652Total deposits
  • $45,931Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $37Subordinated debt
  • $7,607All other liabilities
  • $7,607Total equity capital
  • $7,607Total bank equity capital
  • $0Perpetual preferred stock
  • $135Common stock
  • $215Surplus
  • $7,257Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $149Income earned, not collected on loans
  • $0Earning assets
  • $250Long-term assets (5+ years)
  • $44,653Average Assets, year-to-date
  • $21,998Average Assets, quarterly
  • $52,667Volatile liabilities
  • $52,905Insider loans
  • $18,599FHLB advances
  • $53,037Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $7,600Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,053Restructured Loans and leases
  • $193Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $1,947Total interest income
  • $443Total interest expense
  • $1,504Net interest income
  • $6Provision for loan and lease losses
  • $300Total noninterest income
  • $0Fiduciary activities
  • $180Service charges on deposit accounts
  • $0Trading account gains & fees
  • $120Additional noninterest income
  • $1,329Total noninterest expense
  • $684Salaries and employee benefits
  • $145Premises and equipment expense
  • $500Additional noninterest expense
  • $469Pre-tax net operating income
  • $1Securities gains (losses)
  • $120Applicable income taxes
  • $350Income before extraordinary items
  • $0Extraordinary gains - net
  • $350Net income attributable to bank
  • $0Net charge-offs
  • $350Cash dividends
  • $6Sale, conversion, retirement of capital stock, net
  • $86Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.23%Yield on earning assets
  • 0.96%Cost of funding earning assets
  • 3.27%Net interest margin
  • 0.65%Noninterest income to earning assets
  • 2.89%Noninterest expense to earning assets
  • 0.66%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.89%Pretax return on assets
  • 4.66%Return on equity (ROE)
  • 3.52%Retained earnings to average equity (YTD only)
  • 0.03%Net charge-offs to loans
  • 100.00%Credit loss provision to net charge-offs
  • 79.17%Efficiency ratio
  • 73,670Assets per employee
  • 2.33%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 24.57%Loss allowance to loans
  • 1.06%Loss allowance to noncurrent loans
  • 134.23%Noncurrent assets plus other real estate owned to assets
  • 0.53%Noncurrent loans to loans
  • 0.79%Net loans and leases to deposits
  • 40.61%Net loans and leases to core deposits
  • 44.25%Equity capital to assets
  • 14.20%Core capital (leverage) ratio
  • 14.33%Tier 1 risk-based capital ratio
  • 40.86%Total risk-based capital ratio
  • Memoranda
  • $42Average assets
  • $52,667Average earning assets
  • $7,509Average equity
  • $46,017Average loans

List of branches

  • 1 Maryland Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    2360584Oakland Maryland Branch13164 Garrett Highway, Oakland, MD 21550March 02, 2001Full Service Retail
  • 2 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    08225Miners & Merchants Bank172 East Ave, Thomas, WV 26292June 10, 1902Full Service Brick and Mortar
    1228747Front Street BranchFront Street, Bayard, WV 26707August 31, 1987Full Service Brick and Mortar

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