The First State Bank in Barboursville, West Virginia (WV)

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The First State Bank routing number info

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The First State Bank
GeneralFDIC Certificate #: 14361
Status: Active
Federal Reserve ID: 627425
Bank Holding Company (Regulatory Top Holder): First Bankshares, Inc. (RSSDID: 1076057, Location: Barboursville, WV)
Date Established: September 01, 1905
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Domestic: 4, Interstate: No)
FDIC's unique #: 8975
Numeric code: 21
Regulator: FDIC
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: Yes
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: May 14, 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
LocationAddress: 660 Central Avenue, Barboursville, WV 25504
County: Cabell
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): Huntington-Ashland, WV-KY-OH (#3400)
Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $283.5 mil
Equity capital: $21.3 mil
Deposits held in domestic offices: $235.7 mil
Return on assets (ROA): 1.47% ($4.2 mil)
Quarterly return on assets: 1.69% ($4.8 mil)
Return on Equity (ROE): 17.93% ($3.8 mil)
Quarterly return on equity: 21.52% ($4.5 mil)
Net income: $3.7 mil
Quarterly Net income: $1.1 mil
Pretax return on assets: 1.47% ($4,168.1 mil)
Quarterly Pretax return on assets: 1.69% ($4,791.9 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)
Total employees (full-time equivalent)65
Total assets$283,544
Cash and due from depository institutions$16,909
Interest-bearing balances$12,054
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$228,814
Loan loss allowance $2,830
Trading account assets$0
Bank premises and fixed assets$3,604
Other real estate owned$1,693
Goodwill and other intangibles$3,746
All other assets$8,710
Life insurance assets$283,544
Total liabilities and capital$262,248
Total liabilities$235,737
Total deposits$200,422
Interest-bearing deposits$235,737
Deposits held in domestic offices$95
% insured (estimated)4148.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$21,000
Other borrowed funds $0
Subordinated debt $1,363
All other liabilities $21,296
Total equity capital$21,296
Total bank equity capital$21,296
Perpetual preferred stock$0
Common stock$425
Undivided profits $16,429
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $10,303
Income earned, not collected on loans $8,330
Earning assets $839
Long-term assets (5+ years) $1,247
Average Assets, year-to-date $260,936
Average Assets, quarterly $34,484
Volatile liabilities $252,778
Insider loans $271,639
FHLB advances $204,487
Loans and leases held for sale $274,866
Unused loan commitments $2,725
Tier 1 (core) risk-based capital $2,725
Tier 2 risk-based capital $20,957
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $18,921
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $11,744
Total interest expense $2,042
Net interest income $9,702
Provision for loan and lease losses $1,647
Total noninterest income $3,994
Fiduciary activities $13
Service charges on deposit accounts $289
Trading account gains & fees $0
Additional noninterest income $3,692
Total noninterest expense $8,441
Salaries and employee benefits $3,356
Premises and equipment expense $648
Additional noninterest expense $4,437
Pre-tax net operating income $3,608
Securities gains (losses) $119
Applicable income taxes $0
Income before extraordinary items $3,727
Extraordinary gains - net $0
Net income attributable to bank $3,727
Net charge-offs $0
Cash dividends $3,727
Sale, conversion, retirement of capital stock, net $1,090
Net operating income $2,743
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.07%
Cost of funding earning assets 0.88%
Net interest margin 4.19%
Noninterest income to earning assets 1.72%
Noninterest expense to earning assets 3.64%
Net operating income to assets 1.43%
Return on assets (ROA) 1.47%
Pretax return on assets 1.47%
Return on equity (ROE) 17.93%
Retained earnings to average equity (YTD only) 4.73%
Net charge-offs to loans 0.54%
Credit loss provision to net charge-offs 151.10%
Efficiency ratio4.82%
Assets per employee$61,631
Cash dividends to net income (YTD only)4.36%
Condition Ratios (%)
Loss allowance to loans 73.60%
Loss allowance to noncurrent loans 1.22%
Noncurrent assets plus other real estate owned to assets 33.97%
Noncurrent loans to loans 3.53%
Net loans and leases to deposits3.60%
Net loans and leases to core deposits 97.06%
Equity capital to assets 142.17%
Core capital (leverage) ratio 7.51%
Tier 1 risk-based capital ratio 7.62%
Total risk-based capital ratio 10.25%
Average assets$12
Average earning assets$252,778
Average equity $20,785
Average loans $231,613
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Total Fiduciary and Related Assets (December 31, 2011)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$2,944
Number of Accounts1
Personal trust and agency accounts$2,944
Employee benefit-defined contribution accounts$2,944
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts15
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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4 West Virginia Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08975The First State Bank660 Central Avenue, Barboursville, WV 25504September 01, 1905Full Service Brick and Mortar
1231378Off-Premise Facility6441 Farmdale Road, Barboursville, WV 25504May 12, 1981Limited Service Facility
2231379Huntington Branch2627 5th Avenue, Huntington, WV 25702March 03, 1999Full Service Retail
3418740Teays Valley Branch3754 Teays Valley Road, Hurricane, WV 25526September 16, 2002Full Service Brick and Mortar
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