FDIC Certificate #: 6771 Status: Inactive Closing history: Corrections Acquiring institution:Ameribank, Inc. (#6782) Federal Reserve ID: 387028 Date Established: January 01, 1904 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 8815 FDIC's unique #: 4549 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 07, 1999 Last Structure Change Process Date: September 09, 1999 Last Data Update: September 09, 1999 Data Source Date: April 05, 2012
Location
Address: Main Street, Keystone, WV 24868 County: Mcdowell 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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $1,119.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
87Total employees (full-time equivalent)
$1,139,941Total assets
$40,524Cash and due from depository institutions
$26,909Interest-bearing balances
$74,771Securities
$0Federal funds sold & reverse repurchase agreements
$583,960Net loans & leases
$11,342Loan loss allowance
$0Trading account assets
$4,595Bank premises and fixed assets
$132Other real estate owned
$2,400Goodwill and other intangibles
$0Life insurance assets
$433,559All other assets
$1,139,941Total liabilities and capital
$950,785Total liabilities
$870,100Total deposits
$858,077Interest-bearing deposits
$870,100Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$51,606Other borrowed funds
$0Subordinated debt
$29,079All other liabilities
$189,156Total equity capital
$189,156Total bank equity capital
$189,156Perpetual preferred stock
$0Common stock
$1,760Surplus
$2,400Undivided profits
Memoranda
$184,996Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,068Earning assets
$835Long-term assets (5+ years)
$9,310Average Assets, year-to-date
$685,640Average Assets, quarterly
$178,194Volatile liabilities
$957,031Insider loans
$1,112,763FHLB advances
$614,635Loans and leases held for sale
$433Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$338,115Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$2,417,423Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$101,894Total interest income
$39,995Total interest expense
$61,899Net interest income
$5,000Provision for loan and lease losses
$73,547Total noninterest income
$0Fiduciary activities
$225Service charges on deposit accounts
$0Trading account gains & fees
$73,322Additional noninterest income
$19,483Total noninterest expense
$4,893Salaries and employee benefits
$1,607Premises and equipment expense
$12,983Additional noninterest expense
$110,963Pre-tax net operating income
$0Securities gains (losses)
$41,615Applicable income taxes
$69,348Income before extraordinary items
$0Extraordinary gains - net
$69,348Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$2,296Sale, conversion, retirement of capital stock, net
$2,640Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
18.60%Yield on earning assets
7.30%Cost of funding earning assets
11.30%Net interest margin
13.43%Noninterest income to earning assets
3.56%Noninterest expense to earning assets
7.25%Net operating income to assets
7.25%Return on assets (ROA)
11.59%Pretax return on assets
43.28%Return on equity (ROE)
41.63%Retained earnings to average equity (YTD only)
0.45%Net charge-offs to loans
217.77%Credit loss provision to net charge-offs
50.51%Efficiency ratio
14,384Assets per employee
13.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
3.81%Loss allowance to loans
1.91%Loss allowance to noncurrent loans
548.45%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.35%Net loans and leases to deposits
67.11%Net loans and leases to core deposits
190.17%Equity capital to assets
16.59%Core capital (leverage) ratio
15.90%Tier 1 risk-based capital ratio
7.80%Total risk-based capital ratio
Memoranda
$8Average assets
$957,031Average earning assets
$160,236Average equity
$547,720Average loans
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