Ohio River Bank in Ironton, Ohio (OH)



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Ohio River Bank
GeneralFDIC Certificate #: 34017
Status: Active
Federal Reserve ID: 2304234
Bank Holding Company (Regulatory Top Holder): Premier Financial Bancorp, Inc. (RSSDID: 2007647, Location: Huntington, WV)
Date Established: May 22, 1995
WWW: http://www.ohioriverbank.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)
OTS Docket #: 14763
FDIC's unique #: 55595
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: May 22, 1995
Last Structure Change Effective Date: January 04, 2012
Last Structure Change Process Date: January 04, 2012
Last Data Update: January 04, 2012
Data Source Date: April 05, 2012
LocationAddress: 221 Railroad Street, Ironton, OH 45638
County: Lawrence
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Atlanta
FDIC Field Office: Cincinnati
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Huntington-Ashland, WV-KY-OH (#3400)
Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
History of ChangesChange in Geographic Region/Area/Territory/Field Office
Financial SummaryTotal assets: $94.6 mil
Equity capital: $8.6 mil
Deposits held in domestic offices: $78.1 mil
Return on assets (ROA): 0.73% ($0.7 mil)
Quarterly return on assets: 1.41% ($1.3 mil)
Return on Equity (ROE): 8.45% ($0.8 mil)
Quarterly return on equity: 15.47% ($1.4 mil)
Net income: $0.7 mil
Quarterly Net income: $0.3 mil
Pretax return on assets: 1.10% ($1,040.3 mil)
Quarterly Pretax return on assets: 2.15% ($2,033.3 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)
Total employees (full-time equivalent)29
Total assets$94,572
Cash and due from depository institutions$2,379
Interest-bearing balances$137
Securities$29,606
Federal funds sold & reverse repurchase agreements$1,881
Net loans & leases$58,963
Loan loss allowance $670
Trading account assets$0
Bank premises and fixed assets$659
Other real estate owned$60
Goodwill and other intangibles$0
All other assets$1,024
Life insurance assets$94,572
Total liabilities and capital$85,973
Total liabilities$78,142
Total deposits$65,513
Interest-bearing deposits$78,142
Deposits held in domestic offices$75
% insured (estimated)7603.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $228
All other liabilities $8,599
Total equity capital$8,599
Total bank equity capital$8,599
Perpetual preferred stock$0
Common stock$2,000
Surplus$2,986
Undivided profits $3,613
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $495
Earning assets $0
Long-term assets (5+ years) $318
Average Assets, year-to-date $90,587
Average Assets, quarterly $19,346
Volatile liabilities $95,754
Insider loans $94,727
FHLB advances $51,371
Loans and leases held for sale $94,502
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $8,141
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $6,333
Derivatives$1,120
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,406
Total interest expense $534
Net interest income $3,872
Provision for loan and lease losses $750
Total noninterest income $655
Fiduciary activities $0
Service charges on deposit accounts $413
Trading account gains & fees $0
Additional noninterest income $242
Total noninterest expense $2,722
Salaries and employee benefits $1,092
Premises and equipment expense $240
Additional noninterest expense $1,390
Pre-tax net operating income $1,055
Securities gains (losses) $0
Applicable income taxes $359
Income before extraordinary items $696
Extraordinary gains - net $0
Net income attributable to bank $696
Net charge-offs $0
Cash dividends $696
Sale, conversion, retirement of capital stock, net $685
Net operating income $490
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.81%
Cost of funding earning assets 0.58%
Net interest margin 4.23%
Noninterest income to earning assets 0.72%
Noninterest expense to earning assets 2.97%
Net operating income to assets 0.73%
Return on assets (ROA) 0.73%
Pretax return on assets 1.10%
Return on equity (ROE) 8.45%
Retained earnings to average equity (YTD only) 2.50%
Net charge-offs to loans 1.13%
Credit loss provision to net charge-offs 109.49%
Efficiency ratio2.64%
Assets per employee$60,128
Cash dividends to net income (YTD only)3.26%
Condition Ratios (%)
Loss allowance to loans 70.40%
Loss allowance to noncurrent loans 1.12%
Noncurrent assets plus other real estate owned to assets 135.35%
Noncurrent loans to loans 0.59%
Net loans and leases to deposits0.83%
Net loans and leases to core deposits 75.46%
Equity capital to assets 82.64%
Core capital (leverage) ratio 9.09%
Tier 1 risk-based capital ratio 8.61%
Total risk-based capital ratio 15.85%
Memoranda
Average assets$17
Average earning assets$95,754
Average equity $8,240
Average loans $91,598
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3 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
055595Ohio River Bank221 Railroad Street, Ironton, OH 45638May 22, 1995Full Service Brick and Mortar
1290308South Webster Branch110 North Jackson Street, South Webster, OH 45682July 06, 1998Full Service Brick and Mortar
2290309Rome Branch7604 County Road 107 Unit A, Proctorville, OH 45669Febuary 08, 1999Full Service Brick and Mortar
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