The Flat Top National Bank of Bluefield in Bluefield, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1995

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

The Flat Top National Bank of Bluefield - Overview

  • General
  • FDIC Certificate #: 6751
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: First Community Bank (#13012)
    Federal Reserve ID: 814225
    Date Established: January 01, 1903
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 2 (Interstate: No)
    OTS Docket #: 11688
    FDIC's unique #: 4531
    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: January 03, 1995
    Last Structure Change Process Date: Febuary 24, 1995
    Last Data Update: Febuary 24, 1995
    Data Source Date: April 05, 2012
  • Location
  • Address: 211 Federal Street, Bluefield, WV 24701
    County: Mercer
    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
    Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $184.5 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $71Total assets
  • $184,463Cash and due from depository institutions
  • $5,990Interest-bearing balances
  • $53Securities
  • $52,298Federal funds sold & reverse repurchase agreements
  • $2,368Net loans & leases
  • $117,327Loan loss allowance
  • $2,103Trading account assets
  • $0Bank premises and fixed assets
  • $1,452Other real estate owned
  • $287Goodwill and other intangibles
  • $4,395Life insurance assets
  • $346All other assets
  • $0Total liabilities and capital
  • $184,463Total liabilities
  • $162,394Total deposits
  • $145,846Interest-bearing deposits
  • $128,164Deposits held in domestic offices
  • 145846.00%% insured (estimated)
  • $80Federal funds purchased & repurchase agreements
  • $12,632Trading liabilities
  • $0Other borrowed funds
  • $713Subordinated debt
  • $0All other liabilities
  • $3,203Total equity capital
  • $3,203Total bank equity capital
  • $22,069Perpetual preferred stock
  • $0Common stock
  • $1,560Surplus
  • $1,616Undivided profits
  • Memoranda
  • $18,893Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,772Income earned, not collected on loans
  • $839Earning assets
  • $172,046Long-term assets (5+ years)
  • $28,654Average Assets, year-to-date
  • $182,577Average Assets, quarterly
  • $180,900Volatile liabilities
  • $29,375Insider loans
  • $9,655FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $73,819Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $22,139Total risk weighted assets
  • $131,835Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $14,063Total interest expense
  • $4,675Net interest income
  • $9,388Provision for loan and lease losses
  • $907Total noninterest income
  • $3,948Fiduciary activities
  • $1,511Service charges on deposit accounts
  • $405Trading account gains & fees
  • $0Additional noninterest income
  • $2,032Total noninterest expense
  • $7,609Salaries and employee benefits
  • $2,701Premises and equipment expense
  • $679Additional noninterest expense
  • $4,229Pre-tax net operating income
  • $4,820Securities gains (losses)
  • $0Applicable income taxes
  • $1,464Income before extraordinary items
  • $3,356Extraordinary gains - net
  • $0Net income attributable to bank
  • $3,356Net charge-offs
  • $933Cash dividends
  • $2,750Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.24%Cost of funding earning assets
  • 2.74%Net interest margin
  • 5.50%Noninterest income to earning assets
  • 2.31%Noninterest expense to earning assets
  • 4.46%Net operating income to assets
  • 1.84%Return on assets (ROA)
  • 1.84%Pretax return on assets
  • 2.64%Return on equity (ROE)
  • 15.09%Retained earnings to average equity (YTD only)
  • 2.72%Net charge-offs to loans
  • 0.81%Credit loss provision to net charge-offs
  • 97.21%Efficiency ratio
  • 55,549Assets per employee
  • 2.60%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 81.94%Loss allowance to loans
  • 1.76%Loss allowance to noncurrent loans
  • 118.68%Noncurrent assets plus other real estate owned to assets
  • 1.12%Noncurrent loans to loans
  • 1.48%Net loans and leases to deposits
  • 80.45%Net loans and leases to core deposits
  • 90.41%Equity capital to assets
  • 11.96%Core capital (leverage) ratio
  • 12.27%Tier 1 risk-based capital ratio
  • 16.79%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $182,577Average earning assets
  • $22,239Average equity
  • $170,659Average 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 Flat Top National Bank of Bluefield.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents