The Bank of Cross Lanes in Cross Lanes, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 12, 1993

  • The Bank of Cross Lanes in Cross Lanes, West Virginia (WV)
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The Bank of Cross Lanes - Overview

  • General
  • FDIC Certificate #: 20739
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City National Bank of West Virginia (#17735)
    Federal Reserve ID: 770321
    Date Established: July 05, 1972
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 1 (Interstate: No)
    FDIC's unique #: 14324
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: July 05, 1972
    Last Structure Change Effective Date: July 12, 1993
    Last Structure Change Process Date: August 13, 1993
    Last Data Update: August 13, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 308 Goff Mountain Road, Cross Lanes, WV 25313
    County: Kanawha
    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)
  • Financial Summary
  • Total assets: $45.3 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $26Total assets
  • $44,206Cash and due from depository institutions
  • $1,810Interest-bearing balances
  • $0Securities
  • $4,670Federal funds sold & reverse repurchase agreements
  • $2,305Net loans & leases
  • $34,608Loan loss allowance
  • $588Trading account assets
  • $0Bank premises and fixed assets
  • $332Other real estate owned
  • $12Goodwill and other intangibles
  • $469Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $44,206Total liabilities
  • $40,710Total deposits
  • $40,172Interest-bearing deposits
  • $34,412Deposits held in domestic offices
  • 40172.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $263Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $275Total equity capital
  • $275Total bank equity capital
  • $3,496Perpetual preferred stock
  • $0Common stock
  • $679Surplus
  • $295Undivided profits
  • Memoranda
  • $2,522Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $360Income earned, not collected on loans
  • $238Earning assets
  • $41,583Long-term assets (5+ years)
  • $15,657Average Assets, year-to-date
  • $40,562Average Assets, quarterly
  • $42,920Volatile liabilities
  • $1,852Insider loans
  • $5FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,764Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $3,496Total risk weighted assets
  • $32,841Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $3,970Total interest expense
  • $1,551Net interest income
  • $2,419Provision for loan and lease losses
  • $510Total noninterest income
  • $195Fiduciary activities
  • $0Service charges on deposit accounts
  • $153Trading account gains & fees
  • $0Additional noninterest income
  • $42Total noninterest expense
  • $1,195Salaries and employee benefits
  • $559Premises and equipment expense
  • $123Additional noninterest expense
  • $513Pre-tax net operating income
  • $909Securities gains (losses)
  • -$6Applicable income taxes
  • $291Income before extraordinary items
  • $612Extraordinary gains - net
  • $0Net income attributable to bank
  • $612Net charge-offs
  • $192Cash dividends
  • $254Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 10.41%Cost of funding earning assets
  • 4.07%Net interest margin
  • 6.34%Noninterest income to earning assets
  • 0.51%Noninterest expense to earning assets
  • 3.13%Net operating income to assets
  • 1.52%Return on assets (ROA)
  • 1.51%Pretax return on assets
  • 2.23%Return on equity (ROE)
  • 18.73%Retained earnings to average equity (YTD only)
  • 10.95%Net charge-offs to loans
  • 0.58%Credit loss provision to net charge-offs
  • 265.63%Efficiency ratio
  • 45,715Assets per employee
  • 1.70%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 41.50%Loss allowance to loans
  • 1.67%Loss allowance to noncurrent loans
  • 163.33%Noncurrent assets plus other real estate owned to assets
  • 0.84%Noncurrent loans to loans
  • 1.02%Net loans and leases to deposits
  • 86.15%Net loans and leases to core deposits
  • 89.70%Equity capital to assets
  • 7.91%Core capital (leverage) ratio
  • 8.03%Tier 1 risk-based capital ratio
  • 10.65%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $40,562Average earning assets
  • $3,268Average equity
  • $38,137Average loans

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