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

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

  • General
  • FDIC Certificate #: 845
    Status: Active
    Federal Reserve ID: 722432
    Bank Holding Company (Regulatory Top Holder): Romney Bankshares, Inc. (RSSDID: 1417324, Location: Romney, WV)
    Date Established: January 01, 1888
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 6 (Domestic: 6, Interstate: No)
    OTS Docket #: 15580
    FDIC's unique #: 531
    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: Mortgage Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: May 04, 2010
    Last Data Update: May 04, 2010
    Data Source Date: April 05, 2012
  • Location
  • Address: 95 East Main Street, Romney, WV 26757
    County: Hampshire
    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
    Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548)
    Core Based Statistical Area (CBSA): Winchester, VA-WV (#49020)
    CBSA Metro Statistical Area: Winchester, VA-WV (#49020)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
    Change in Location
  • Financial Summary
  • Total assets: $245.9 mil
    Equity capital: $24.6 mil
    Deposits held in domestic offices: $192.7 mil
    Return on assets (ROA): 0.66% ($1.6 mil)
    Quarterly return on assets: 0.68% ($1.7 mil)
    Return on Equity (ROE): 6.39% ($1.6 mil)
    Quarterly return on equity: 6.61% ($1.7 mil)
    Net income: $1.6 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.94% ($2,311.8 mil)
    Quarterly Pretax return on assets: 1.07% ($2,631.5 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
  • 87Total employees (full-time equivalent)
  • $245,932Total assets
  • $6,163Cash and due from depository institutions
  • $3,967Interest-bearing balances
  • $45,762Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $173,714Net loans & leases
  • $2,490Loan loss allowance
  • $0Trading account assets
  • $5,136Bank premises and fixed assets
  • $2,698Other real estate owned
  • $0Goodwill and other intangibles
  • $245,932Life insurance assets
  • $12,459All other assets
  • $221,355Total liabilities and capital
  • $192,677Total liabilities
  • $163,164Total deposits
  • $192,677Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $25,327Trading liabilities
  • $0Other borrowed funds
  • $3,351Subordinated debt
  • $24,577All other liabilities
  • $24,577Total equity capital
  • $24,577Total bank equity capital
  • $0Perpetual preferred stock
  • $100Common stock
  • $1,500Surplus
  • $22,977Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $258Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $5,034Income earned, not collected on loans
  • $0Earning assets
  • $918Long-term assets (5+ years)
  • $223,443Average Assets, year-to-date
  • $91,877Average Assets, quarterly
  • $243,318Volatile liabilities
  • $245,910Insider loans
  • $154,747FHLB advances
  • $246,743Loans and leases held for sale
  • $6,838Unused loan commitments
  • $4,075Tier 1 (core) risk-based capital
  • $26,851Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,763Total unused commitments
  • $9,986Restructured Loans and leases
  • $1,954Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,812Total interest income
  • $3,452Total interest expense
  • $9,360Net interest income
  • $1,200Provision for loan and lease losses
  • $1,675Total noninterest income
  • $0Fiduciary activities
  • $875Service charges on deposit accounts
  • $0Trading account gains & fees
  • $800Additional noninterest income
  • $7,635Total noninterest expense
  • $4,587Salaries and employee benefits
  • $1,063Premises and equipment expense
  • $1,985Additional noninterest expense
  • $2,200Pre-tax net operating income
  • $99Securities gains (losses)
  • $700Applicable income taxes
  • $1,599Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,599Net income attributable to bank
  • $0Net charge-offs
  • $1,599Cash dividends
  • $1,337Sale, conversion, retirement of capital stock, net
  • $1,100Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.78%Yield on earning assets
  • 1.56%Cost of funding earning assets
  • 4.22%Net interest margin
  • 0.76%Noninterest income to earning assets
  • 3.44%Noninterest expense to earning assets
  • 0.63%Net operating income to assets
  • 0.66%Return on assets (ROA)
  • 0.94%Pretax return on assets
  • 6.39%Return on equity (ROE)
  • 1.99%Retained earnings to average equity (YTD only)
  • 0.75%Net charge-offs to loans
  • 89.75%Credit loss provision to net charge-offs
  • 2.54%Efficiency ratio
  • 69,189Assets per employee
  • 2.83%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 68.79%Loss allowance to loans
  • 1.41%Loss allowance to noncurrent loans
  • 49.46%Noncurrent assets plus other real estate owned to assets
  • 3.14%Noncurrent loans to loans
  • 2.86%Net loans and leases to deposits
  • 90.16%Net loans and leases to core deposits
  • 103.65%Equity capital to assets
  • 9.99%Core capital (leverage) ratio
  • 10.88%Tier 1 risk-based capital ratio
  • 17.35%Total risk-based capital ratio
  • Memoranda
  • $19Average assets
  • $243,318Average earning assets
  • $25,036Average equity
  • $221,800Average loans

List of branches

  • 6 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0531The Bank Of Romney95 East Main Street, Romney, WV 26757January 01, 1888Full Service Brick and Mortar
    1186145Capon Bridge BranchMain Street, Capon Bridge, WV 26711December 30, 1982Full Service Brick and Mortar
    2186146Augusta BranchRoute 50, Augusta, WV 26704July 10, 1988Full Service Brick and Mortar
    3357186Springfield BranchRoute 28, Springfield, WV 26763November 03, 1999Full Service Brick and Mortar
    4365063Paw Paw BranchWinchester & Lee Streets, Paw Paw, WV 25434November 08, 2001Full Service Brick and Mortar
    5462574Sunrise BranchRoute 50 And Stayman Drive, Romney, WV 26757April 10, 2007Full Service Brick and Mortar

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