FDIC Certificate #: 57765 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:United Bank (#6784) Federal Reserve ID: 3227871 Date Established: July 18, 2005 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 424215 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 18, 2005 Last Structure Change Effective Date: July 14, 2007 Last Structure Change Process Date: September 20, 2007 Last Data Update: September 20, 2007 Data Source Date: April 05, 2012
Location
Address: 24 District Way, Martinsburg, WV 25401 County: Jefferson 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): Washington, DC-MD-VA-WV (#8840) Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97) Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548) Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894)
Financial Summary
Total assets: $47.4 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2006)
Dollar figures in thousands
28Total employees (full-time equivalent)
$47,101Total assets
$2,829Cash and due from depository institutions
$21Interest-bearing balances
$350Securities
$6,100Federal funds sold & reverse repurchase agreements
$33,869Net loans & leases
$347Loan loss allowance
$0Trading account assets
$3,086Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$867All other assets
$47,101Total liabilities and capital
$40,900Total liabilities
$40,801Total deposits
$33,143Interest-bearing deposits
$40,801Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$99All other liabilities
$6,201Total equity capital
$6,201Total bank equity capital
$6,201Perpetual preferred stock
$0Common stock
$3,000Surplus
$5,000Undivided profits
Memoranda
$-1,799Noncurrent loans and leases
$3,451Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$183Average Assets, year-to-date
$40,340Average Assets, quarterly
$285Volatile liabilities
$40,974Insider loans
$47,105FHLB advances
$26,463Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,451Total unused commitments
$0Restructured Loans and leases
$347Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,733Total interest income
$1,467Total interest expense
$1,266Net interest income
$53Provision for loan and lease losses
$40Total noninterest income
$0Fiduciary activities
$26Service charges on deposit accounts
$0Trading account gains & fees
$14Additional noninterest income
$2,691Total noninterest expense
$1,483Salaries and employee benefits
$392Premises and equipment expense
$816Additional noninterest expense
-$1,438Pre-tax net operating income
$0Securities gains (losses)
-$487Applicable income taxes
-$951Income before extraordinary items
$0Extraordinary gains - net
-$951Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.80%Yield on earning assets
4.19%Cost of funding earning assets
3.62%Net interest margin
0.11%Noninterest income to earning assets
7.68%Noninterest expense to earning assets
-2.32%Net operating income to assets
-2.32%Return on assets (ROA)
-3.51%Pretax return on assets
-16.23%Return on equity (ROE)
-16.23%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
206,049Assets per employee
1.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
83.01%Net loans and leases to core deposits
236.22%Equity capital to assets
13.17%Core capital (leverage) ratio
13.39%Tier 1 risk-based capital ratio
17.93%Total risk-based capital ratio
Memoranda
$19Average assets
$40,974Average earning assets
$5,860Average equity
$35,019Average loans
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