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

This bank is inactive as of September 07, 1999

  • The First National Bank of Keystone in Keystone, West Virginia (WV)
  • Show street view No street view available for this location

The First National Bank of Keystone - Overview

  • General
  • 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
  • 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

Comment about this bank, ask questions, or add new information about it:


This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with The First National Bank of Keystone.
Based on public records. Inadvertent errors are possible. does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents