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

  • The First National Bank of Williamson in Williamson, West Virginia (WV), KY
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The First National Bank of Williamson - Overview

  • General
  • FDIC Certificate #: 6805
    Status: Active
    Federal Reserve ID: 917630
    Date Established: June 11, 1903
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Domestic: 3, Interstate: Yes)
    FDIC's unique #: 4577
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: All Other Specialization < 1 Billion
    Date of Deposit Insurance: January 01, 1934
    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: 68 E. 2nd Avenue, Williamson, WV 25661
    County: Mingo
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $95.1 mil
    Equity capital: $14.4 mil
    Deposits held in domestic offices: $76.9 mil
    Return on assets (ROA): 1.84% ($1.7 mil)
    Quarterly return on assets: 1.86% ($1.8 mil)
    Return on Equity (ROE): 13.10% ($1.8 mil)
    Quarterly return on equity: 12.36% ($1.7 mil)
    Net income: $1.8 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 1.84% ($1,750.1 mil)
    Quarterly Pretax return on assets: 1.86% ($1,769.2 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
  • 37Total employees (full-time equivalent)
  • $95,116Total assets
  • $7,538Cash and due from depository institutions
  • $5,964Interest-bearing balances
  • $32,877Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $51,792Net loans & leases
  • $673Loan loss allowance
  • $0Trading account assets
  • $834Bank premises and fixed assets
  • $707Other real estate owned
  • $0Goodwill and other intangibles
  • $95,116Life insurance assets
  • $1,368All other assets
  • $80,756Total liabilities and capital
  • $76,858Total liabilities
  • $62,175Total deposits
  • $76,858Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 1327.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,074Trading liabilities
  • $0Other borrowed funds
  • $1,497Subordinated debt
  • $14,360All other liabilities
  • $14,360Total equity capital
  • $14,360Total bank equity capital
  • $0Perpetual preferred stock
  • $190Common stock
  • $7,615Surplus
  • $6,555Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $428Income earned, not collected on loans
  • $0Earning assets
  • $534Long-term assets (5+ years)
  • $90,633Average Assets, year-to-date
  • $51,328Average Assets, quarterly
  • $97,142Volatile liabilities
  • $95,540Insider loans
  • $50,273FHLB advances
  • $95,889Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $12,689Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $258Restructured Loans and leases
  • $1,233Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,307Total interest income
  • $930Total interest expense
  • $4,377Net interest income
  • $191Provision for loan and lease losses
  • $794Total noninterest income
  • $0Fiduciary activities
  • $749Service charges on deposit accounts
  • $0Trading account gains & fees
  • $45Additional noninterest income
  • $3,175Total noninterest expense
  • $1,694Salaries and employee benefits
  • $505Premises and equipment expense
  • $976Additional noninterest expense
  • $1,805Pre-tax net operating income
  • -$19Securities gains (losses)
  • $0Applicable income taxes
  • $1,786Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,786Net income attributable to bank
  • $0Net charge-offs
  • $1,786Cash dividends
  • $276Sale, conversion, retirement of capital stock, net
  • $1,584Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.82%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 4.80%Net interest margin
  • 0.87%Noninterest income to earning assets
  • 3.48%Noninterest expense to earning assets
  • 1.86%Net operating income to assets
  • 1.84%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 13.10%Return on equity (ROE)
  • 1.48%Retained earnings to average equity (YTD only)
  • 0.51%Net charge-offs to loans
  • 69.20%Credit loss provision to net charge-offs
  • 7.23%Efficiency ratio
  • 61,400Assets per employee
  • 2.57%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 88.69%Loss allowance to loans
  • 1.28%Loss allowance to noncurrent loans
  • 157.24%Noncurrent assets plus other real estate owned to assets
  • 1.19%Noncurrent loans to loans
  • 0.82%Net loans and leases to deposits
  • 67.39%Net loans and leases to core deposits
  • 74.15%Equity capital to assets
  • 15.10%Core capital (leverage) ratio
  • 13.23%Tier 1 risk-based capital ratio
  • 25.24%Total risk-based capital ratio
  • Memoranda
  • $26Average assets
  • $97,142Average earning assets
  • $13,638Average equity
  • $91,215Average loans

List of branches

  • 1 Kentucky Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    3442208The First National Bank Of Williamso109 Prater Place, Suite 100, Pikeville, KY 41501Febuary 28, 2005Full Service Brick and Mortar
  • 2 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04577The First National Bank Of Williamso68 E. 2nd Avenue, Williamson, WV 25661June 11, 1903Full Service Brick and Mortar
    2442207The First National Bank Of WilliamsoEast Fourth Avenue And Logan Street, Williamson, WV 25661October 11, 2004Full Service Brick and Mortar

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