Progressive Bank, National Association in Wheeling, West Virginia (WV), OH
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Progressive Bank, National Association in Wheeling, West Virginia (WV), OH
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Progressive Bank, National Association - Overview

  • General
  • FDIC Certificate #: 10002
    Status: Active
    Federal Reserve ID: 600129
    Bank Holding Company (Regulatory Top Holder): First West Virginia Bancorp, Inc. (RSSDID: 1070336, Location: Wheeling, WV)
    Date Established: March 04, 1911
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 11 (Domestic: 11, Interstate: Yes)
    OTS Docket #: 10351
    FDIC's unique #: 6392
    Numeric code: 3
    Regulator: OCC
    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: No
    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: 1701 Warwood Avenue, 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: $293.0 mil
    Equity capital: $34.3 mil
    Deposits held in domestic offices: $239.3 mil
    Return on assets (ROA): 0.87% ($2.5 mil)
    Quarterly return on assets: 0.89% ($2.6 mil)
    Return on Equity (ROE): 7.68% ($2.6 mil)
    Quarterly return on equity: 7.65% ($2.6 mil)
    Net income: $2.5 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 0.99% ($2,900.9 mil)
    Quarterly Pretax return on assets: 0.97% ($2,842.3 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
  • 98Total employees (full-time equivalent)
  • $293,024Total assets
  • $20,917Cash and due from depository institutions
  • $14,246Interest-bearing balances
  • $150,732Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,925Net loans & leases
  • $2,504Loan loss allowance
  • $0Trading account assets
  • $5,918Bank premises and fixed assets
  • $138Other real estate owned
  • $1,696Goodwill and other intangibles
  • $293,024Life insurance assets
  • $6,698All other assets
  • $258,722Total liabilities and capital
  • $239,290Total liabilities
  • $207,261Total deposits
  • $239,290Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 14014.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $3,693Trading liabilities
  • $0Other borrowed funds
  • $1,725Subordinated debt
  • $34,302All other liabilities
  • $34,302Total equity capital
  • $34,302Total bank equity capital
  • $0Perpetual preferred stock
  • $1,262Common stock
  • $6,831Surplus
  • $26,209Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,046Income earned, not collected on loans
  • $170Earning assets
  • $1,114Long-term assets (5+ years)
  • $271,903Average Assets, year-to-date
  • $179,063Average Assets, quarterly
  • $285,875Volatile liabilities
  • $292,306Insider loans
  • $145,920FHLB advances
  • $283,188Loans and leases held for sale
  • $3,519Unused loan commitments
  • $3,519Tier 1 (core) risk-based capital
  • $29,432Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,191Restructured Loans and leases
  • $4,340Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,202Total interest income
  • $2,230Total interest expense
  • $8,972Net interest income
  • $600Provision for loan and lease losses
  • $1,302Total noninterest income
  • $0Fiduciary activities
  • $495Service charges on deposit accounts
  • $0Trading account gains & fees
  • $807Additional noninterest income
  • $7,560Total noninterest expense
  • $3,826Salaries and employee benefits
  • $1,494Premises and equipment expense
  • $2,240Additional noninterest expense
  • $2,114Pre-tax net operating income
  • $730Securities gains (losses)
  • $356Applicable income taxes
  • $2,488Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,488Net income attributable to bank
  • $0Net charge-offs
  • $2,488Cash dividends
  • $155Sale, conversion, retirement of capital stock, net
  • $1,257Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.22%Yield on earning assets
  • 0.84%Cost of funding earning assets
  • 3.38%Net interest margin
  • 0.49%Noninterest income to earning assets
  • 2.84%Noninterest expense to earning assets
  • 0.65%Net operating income to assets
  • 0.87%Return on assets (ROA)
  • 0.99%Pretax return on assets
  • 7.68%Return on equity (ROE)
  • 3.80%Retained earnings to average equity (YTD only)
  • 0.13%Net charge-offs to loans
  • 387.10%Credit loss provision to net charge-offs
  • 17.51%Efficiency ratio
  • 73,584Assets per employee
  • 2.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 50.52%Loss allowance to loans
  • 2.29%Loss allowance to noncurrent loans
  • 61.89%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 3.70%Net loans and leases to deposits
  • 44.68%Net loans and leases to core deposits
  • 45.61%Equity capital to assets
  • 11.71%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 20.17%Total risk-based capital ratio
  • Memoranda
  • $21Average assets
  • $285,875Average earning assets
  • $32,402Average equity
  • $265,732Average loans

List of branches

  • 1 Ohio Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    68671426 - 34th Street Branch426 34th Street, Bellaire, OH 43906Febuary 13, 1934Full Service Brick and Mortar
  • 10 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06392Progressive Bank, National Association1701 Warwood Avenue, Wheeling, WV 26003March 04, 1911Full Service Brick and Mortar
    1221676Drive-In Branch1701 Warwood Avenue, Wheeling, WV 26003December 16, 1968Limited Service Facility
    213451National Road Branch875 National Road, Wheeling, WV 26003December 01, 1966Full Service Brick and Mortar
    38226Wellsburg Branch744 Charles Street, Wellsburg, WV 26070August 29, 1902Full Service Brick and Mortar
    4228748Drive-In BranchEighth Street, Wellsburg, WV 26070Febuary 14, 1973Limited Service Facility
    7361332Moundsville - Main St Branch809 Lafayette Avenue, Moundsville, WV 26041March 01, 2001Full Service Brick and Mortar
    8272654New Martinsville Branch425 Third Street, New Martinsville, WV 26155July 01, 1934Full Service Brick and Mortar
    9364516Bethlehem Branch1090 E Bethlehem Blvd, Wheeling, WV 26003Febuary 20, 2002Full Service Brick and Mortar
    1135882Progressive Bank, National Association-Buckhannon/BranchWest Main And Locust Streets, Buckhannon, WV 26201August 11, 1986Full Service Brick and Mortar
    12260130Weston BranchRoute 33 And Interstate 79, Weston, WV 26452April 01, 1996Full Service Brick and Mortar

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