Northern Hancock Bank & Trust Co. in Newell, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches


Northern Hancock Bank & Trust Co. - Overview

  • General
  • FDIC Certificate #: 22647
    Status: Active
    Federal Reserve ID: 670421
    Date Established: May 01, 1978
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 15802
    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: Yes
    Asset Concentration Hierarchy: Consumer Lending Specialization
    Date of Deposit Insurance: May 01, 1978
    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: 226 Washington Street, Newell, WV 26050
    County: Hancock
    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): Steubenville-Weirton, OH-WV (#8080)
    Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600)
    CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
  • History of Changes
  • Corrections
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $31.6 mil
    Equity capital: $3.4 mil
    Deposits held in domestic offices: $26.6 mil
    Return on assets (ROA): 2.15% ($0.7 mil)
    Quarterly return on assets: 1.55% ($0.5 mil)
    Return on Equity (ROE): 20.35% ($0.6 mil)
    Quarterly return on equity: 14.37% ($0.4 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 2.15% ($678.6 mil)
    Quarterly Pretax return on assets: 1.55% ($489.2 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
  • 17Total employees (full-time equivalent)
  • $31,562Total assets
  • $3,404Cash and due from depository institutions
  • $74Interest-bearing balances
  • $1,968Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $24,501Net loans & leases
  • $397Loan loss allowance
  • $0Trading account assets
  • $642Bank premises and fixed assets
  • $510Other real estate owned
  • $0Goodwill and other intangibles
  • $31,562Life insurance assets
  • $537All other assets
  • $28,147Total liabilities and capital
  • $26,599Total liabilities
  • $23,518Total deposits
  • $26,599Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $48Subordinated debt
  • $3,415All other liabilities
  • $3,415Total equity capital
  • $3,415Total bank equity capital
  • $0Perpetual preferred stock
  • $597Common stock
  • $597Surplus
  • $2,221Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $635Income earned, not collected on loans
  • $0Earning assets
  • $166Long-term assets (5+ years)
  • $26,543Average Assets, year-to-date
  • $17,188Average Assets, quarterly
  • $31,982Volatile liabilities
  • $31,717Insider loans
  • $23,210FHLB advances
  • $31,527Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $3,292Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $377Restructured Loans and leases
  • $408Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,699Total interest income
  • $452Total interest expense
  • $2,247Net interest income
  • $283Provision for loan and lease losses
  • $291Total noninterest income
  • $0Fiduciary activities
  • $100Service charges on deposit accounts
  • $0Trading account gains & fees
  • $191Additional noninterest income
  • $1,566Total noninterest expense
  • $722Salaries and employee benefits
  • $142Premises and equipment expense
  • $702Additional noninterest expense
  • $689Pre-tax net operating income
  • $0Securities gains (losses)
  • $0Applicable income taxes
  • $689Income before extraordinary items
  • $0Extraordinary gains - net
  • $689Net income attributable to bank
  • $0Net charge-offs
  • $689Cash dividends
  • $251Sale, conversion, retirement of capital stock, net
  • $561Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 9.89%Yield on earning assets
  • 1.66%Cost of funding earning assets
  • 8.24%Net interest margin
  • 1.07%Noninterest income to earning assets
  • 5.74%Noninterest expense to earning assets
  • 2.15%Net operating income to assets
  • 2.15%Return on assets (ROA)
  • 2.15%Pretax return on assets
  • 20.35%Return on equity (ROE)
  • 3.78%Retained earnings to average equity (YTD only)
  • 1.00%Net charge-offs to loans
  • 112.75%Credit loss provision to net charge-offs
  • 3.87%Efficiency ratio
  • 61,702Assets per employee
  • 1.86%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.42%Loss allowance to loans
  • 1.59%Loss allowance to noncurrent loans
  • 62.52%Noncurrent assets plus other real estate owned to assets
  • 3.63%Noncurrent loans to loans
  • 2.55%Net loans and leases to deposits
  • 92.11%Net loans and leases to core deposits
  • 93.06%Equity capital to assets
  • 10.82%Core capital (leverage) ratio
  • 10.44%Tier 1 risk-based capital ratio
  • 14.18%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $31,982Average earning assets
  • $3,385Average equity
  • $27,277Average loans

List of branches

  • 2 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    015802Northern Hancock Bank & Trust Co.226 Washington Street, Newell, WV 26050May 01, 1978Full Service Brick and Mortar
    1255059Chester Branch715 Carolina Avenue, Chester, WV 26034May 06, 1996Full Service Brick and Mortar

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