The Grant County Bank in Petersburg, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • The Grant County Bank in Petersburg, West Virginia (WV)
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The Grant County Bank - Overview

  • General
  • FDIC Certificate #: 11953
    Status: Active
    Federal Reserve ID: 718538
    Bank Holding Company (Regulatory Top Holder): Highlands Bankshares, Inc. (RSSDID: 1131750, Location: Petersburg, WV)
    Date Established: August 06, 1902
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 7 (Domestic: 7, Interstate: No)
    OTS Docket #: 12008
    FDIC's unique #: 7629
    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: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    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: 3 North Main Street, Petersburg, WV 26847
    County: Grant
    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: $248.7 mil
    Equity capital: $26.2 mil
    Deposits held in domestic offices: $209.0 mil
    Return on assets (ROA): 0.53% ($1.3 mil)
    Quarterly return on assets: 0.64% ($1.6 mil)
    Return on Equity (ROE): 5.01% ($1.3 mil)
    Quarterly return on equity: 6.04% ($1.6 mil)
    Net income: $1.3 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.81% ($2,014.8 mil)
    Quarterly Pretax return on assets: 0.82% ($2,039.6 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
  • 73Total employees (full-time equivalent)
  • $248,737Total assets
  • $9,585Cash and due from depository institutions
  • $4,289Interest-bearing balances
  • $19,520Securities
  • $7,178Federal funds sold & reverse repurchase agreements
  • $192,620Net loans & leases
  • $3,794Loan loss allowance
  • $0Trading account assets
  • $4,901Bank premises and fixed assets
  • $3,648Other real estate owned
  • $2,194Goodwill and other intangibles
  • $248,737Life insurance assets
  • $9,091All other assets
  • $222,539Total liabilities and capital
  • $208,955Total liabilities
  • $170,867Total deposits
  • $208,955Interest-bearing deposits
  • $93Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $8,416Trading liabilities
  • $0Other borrowed funds
  • $5,168Subordinated debt
  • $26,198All other liabilities
  • $26,198Total equity capital
  • $26,198Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $7,431Surplus
  • $18,267Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $6,681Income earned, not collected on loans
  • $0Earning assets
  • $672Long-term assets (5+ years)
  • $223,607Average Assets, year-to-date
  • $42,409Average Assets, quarterly
  • $246,328Volatile liabilities
  • $248,222Insider loans
  • $184,065FHLB advances
  • $245,304Loans and leases held for sale
  • $4,305Unused loan commitments
  • $4,305Tier 1 (core) risk-based capital
  • $25,874Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $10,036Restructured Loans and leases
  • $3,522Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,980Total interest income
  • $2,644Total interest expense
  • $10,336Net interest income
  • $2,666Provision for loan and lease losses
  • $846Total noninterest income
  • $0Fiduciary activities
  • $691Service charges on deposit accounts
  • $0Trading account gains & fees
  • $155Additional noninterest income
  • $6,524Total noninterest expense
  • $3,453Salaries and employee benefits
  • $747Premises and equipment expense
  • $2,324Additional noninterest expense
  • $1,992Pre-tax net operating income
  • $1Securities gains (losses)
  • $686Applicable income taxes
  • $1,307Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,307Net income attributable to bank
  • $0Net charge-offs
  • $1,307Cash dividends
  • $1,915Sale, conversion, retirement of capital stock, net
  • $556Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.80%Yield on earning assets
  • 1.18%Cost of funding earning assets
  • 4.62%Net interest margin
  • 0.38%Noninterest income to earning assets
  • 2.91%Noninterest expense to earning assets
  • 0.53%Net operating income to assets
  • 0.53%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 5.01%Return on equity (ROE)
  • 2.88%Retained earnings to average equity (YTD only)
  • 0.95%Net charge-offs to loans
  • 139.22%Credit loss provision to net charge-offs
  • 2.43%Efficiency ratio
  • 56,671Assets per employee
  • 3.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 42.54%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 56.79%Noncurrent assets plus other real estate owned to assets
  • 4.15%Noncurrent loans to loans
  • 3.40%Net loans and leases to deposits
  • 92.18%Net loans and leases to core deposits
  • 98.01%Equity capital to assets
  • 10.53%Core capital (leverage) ratio
  • 10.55%Tier 1 risk-based capital ratio
  • 14.06%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $246,328Average earning assets
  • $26,078Average equity
  • $223,961Average loans

List of branches

  • 7 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    07629The Grant County Bank3 North Main Street, Petersburg, WV 26847August 06, 1902Full Service Brick and Mortar
    1226013Riverton BranchU.S. Highway 33, Riverton, WV 26814December 17, 1990Full Service Brick and Mortar
    2226014New Creek/Keyser BranchRoute 220, Keyser, WV 26726December 09, 1996Full Service Brick and Mortar
    3226015South Branch Square Branch500 South Main Street, Moorefield, WV 26836October 18, 1999Full Service Brick and Mortar
    45766The Stockmans Bank Of Harman BranchMain Street, Harman, WV 26270January 01, 1905Full Service Brick and Mortar
    54538The National Bank Of Davis/BranchWilliam Avenue, Davis, WV 26260December 20, 1892Full Service Brick and Mortar
    6212125The Canaan Valley BranchRoute 32, Canaan Valley, Davis, WV 26260January 13, 1986Full Service Brick and Mortar

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