Putnam County Bank in Hurricane, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

Putnam County Bank - Overview

  • General
  • FDIC Certificate #: 15243
    Status: Active
    Federal Reserve ID: 417626
    Bank Holding Company (Regulatory Top Holder): Putnam Bancshares, Inc. (RSSDID: 1139804, Location: Hurricane, WV)
    Date Established: October 11, 1901
    WWW: http://www.putcobk.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 9595
    Numeric code: 13
    Regulator: FED
    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: July 01, 1935
    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: 2761 Main Street, Hurricane, WV 25526
    County: Putnam
    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): Charleston, WV (#1480)
    Core Based Statistical Area (CBSA): Charleston, WV (#16620)
    CBSA Metro Statistical Area: Charleston, WV (#16620)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $585.6 mil
    Equity capital: $75.3 mil
    Deposits held in domestic offices: $509.0 mil
    Return on assets (ROA): 0.67% ($3.9 mil)
    Quarterly return on assets: 0.43% ($2.5 mil)
    Return on Equity (ROE): 5.17% ($3.9 mil)
    Quarterly return on equity: 3.31% ($2.5 mil)
    Net income: $3.8 mil
    Quarterly Net income: $0.6 mil
    Pretax return on assets: 1.02% ($5,973.0 mil)
    Quarterly Pretax return on assets: 0.71% ($4,157.7 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
  • 75Total employees (full-time equivalent)
  • $585,587Total assets
  • $18,491Cash and due from depository institutions
  • $12,376Interest-bearing balances
  • $134,714Securities
  • $113,000Federal funds sold & reverse repurchase agreements
  • $312,371Net loans & leases
  • $4,492Loan loss allowance
  • $0Trading account assets
  • $643Bank premises and fixed assets
  • $2,923Other real estate owned
  • $0Goodwill and other intangibles
  • $585,587Life insurance assets
  • $3,445All other assets
  • $510,281Total liabilities and capital
  • $508,978Total liabilities
  • $451,203Total deposits
  • $508,978Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,303Subordinated debt
  • $75,306All other liabilities
  • $75,306Total equity capital
  • $75,306Total bank equity capital
  • $0Perpetual preferred stock
  • $300Common stock
  • $1,000Surplus
  • $74,006Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,551Income earned, not collected on loans
  • $0Earning assets
  • $1,534Long-term assets (5+ years)
  • $572,461Average Assets, year-to-date
  • $159,201Average Assets, quarterly
  • $572,112Volatile liabilities
  • $580,674Insider loans
  • $293,447FHLB advances
  • $579,856Loans and leases held for sale
  • $336Unused loan commitments
  • $336Tier 1 (core) risk-based capital
  • $72,716Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $15,282Restructured Loans and leases
  • $16,406Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $22,099Total interest income
  • $6,490Total interest expense
  • $15,609Net interest income
  • $738Provision for loan and lease losses
  • $421Total noninterest income
  • $0Fiduciary activities
  • $73Service charges on deposit accounts
  • $0Trading account gains & fees
  • $348Additional noninterest income
  • $9,447Total noninterest expense
  • $4,958Salaries and employee benefits
  • $583Premises and equipment expense
  • $3,906Additional noninterest expense
  • $5,845Pre-tax net operating income
  • -$1Securities gains (losses)
  • $2,025Applicable income taxes
  • $3,819Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,819Net income attributable to bank
  • $0Net charge-offs
  • $3,819Cash dividends
  • $705Sale, conversion, retirement of capital stock, net
  • $1,440Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.95%Yield on earning assets
  • 1.16%Cost of funding earning assets
  • 2.79%Net interest margin
  • 0.08%Noninterest income to earning assets
  • 1.69%Noninterest expense to earning assets
  • 0.67%Net operating income to assets
  • 0.67%Return on assets (ROA)
  • 1.02%Pretax return on assets
  • 5.17%Return on equity (ROE)
  • 3.22%Retained earnings to average equity (YTD only)
  • 0.22%Net charge-offs to loans
  • 104.68%Credit loss provision to net charge-offs
  • 9.34%Efficiency ratio
  • 58,933Assets per employee
  • 7.81%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 37.71%Loss allowance to loans
  • 1.42%Loss allowance to noncurrent loans
  • 59.49%Noncurrent assets plus other real estate owned to assets
  • 1.79%Noncurrent loans to loans
  • 2.38%Net loans and leases to deposits
  • 61.37%Net loans and leases to core deposits
  • 75.08%Equity capital to assets
  • 12.86%Core capital (leverage) ratio
  • 12.54%Tier 1 risk-based capital ratio
  • 24.78%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $572,112Average earning assets
  • $73,898Average equity
  • $559,259Average loans

List of branches

  • 3 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09595Putnam County Bank2761 Main Street, Hurricane, WV 25526October 11, 1901Full Service Brick and Mortar
    1233518Interstate BranchState Route 19 And Interstate 64, Hurricane, WV 25526April 09, 1986Full Service Brick and Mortar
    2233519Vally Branch3058 Mount Vernon Road, Hurricane, WV 25526Febuary 04, 1992Full Service Brick and Mortar

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