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)
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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

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