The Heritage Bank of Harrison County, Inc. - Overview
General
FDIC Certificate #: 34205 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wesbanco Bank Fairmont, Inc. (#6761) Federal Reserve ID: 2402626 Date Established: July 15, 1996 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 56963 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: July 15, 1996 Last Structure Change Effective Date: April 30, 1999 Last Structure Change Process Date: June 23, 1999 Last Data Update: June 23, 1999 Data Source Date: April 05, 2012
Location
Address: Heritage Square On Main Street, Clarksburg, WV 26301 County: Harrison 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 Combined Statistical Area (CSA): Fairmont-Clarksburg, WV (#242) Core Based Statistical Area (CBSA): Clarksburg, WV (#17220) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $34.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
20Total employees (full-time equivalent)
$33,049Total assets
$969Cash and due from depository institutions
$0Interest-bearing balances
$2,005Securities
$1,586Federal funds sold & reverse repurchase agreements
$25,327Net loans & leases
$228Loan loss allowance
$0Trading account assets
$2,466Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$696All other assets
$33,049Total liabilities and capital
$28,830Total liabilities
$28,685Total deposits
$25,762Interest-bearing deposits
$28,685Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$145All other liabilities
$4,219Total equity capital
$4,219Total bank equity capital
$4,219Perpetual preferred stock
$0Common stock
$2,720Surplus
$2,094Undivided profits
Memoranda
$-595Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$59Earning assets
$0Long-term assets (5+ years)
$117Average Assets, year-to-date
$28,918Average Assets, quarterly
$6,144Volatile liabilities
$29,709Insider loans
$32,332FHLB advances
$3,675Loans and leases held for sale
$4,593Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$873Total unused commitments
$0Restructured Loans and leases
$27,998Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$2,127Total interest income
$1,155Total interest expense
$972Net interest income
$89Provision for loan and lease losses
$202Total noninterest income
$0Fiduciary activities
$11Service charges on deposit accounts
$0Trading account gains & fees
$191Additional noninterest income
$1,157Total noninterest expense
$666Salaries and employee benefits
$90Premises and equipment expense
$401Additional noninterest expense
-$72Pre-tax net operating income
$1Securities gains (losses)
-$26Applicable income taxes
-$45Income before extraordinary items
$0Extraordinary gains - net
-$45Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$48Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.29%Yield on earning assets
4.50%Cost of funding earning assets
3.79%Net interest margin
0.79%Noninterest income to earning assets
4.51%Noninterest expense to earning assets
-0.15%Net operating income to assets
-0.15%Return on assets (ROA)
-0.24%Pretax return on assets
-1.10%Return on equity (ROE)
-1.10%Retained earnings to average equity (YTD only)
0.23%Net charge-offs to loans
185.42%Credit loss provision to net charge-offs
0.35%Efficiency ratio
98,552Assets per employee
1.65%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
386.44%Noncurrent assets plus other real estate owned to assets
0.18%Noncurrent loans to loans
0.23%Net loans and leases to deposits
88.29%Net loans and leases to core deposits
101.27%Equity capital to assets
12.77%Core capital (leverage) ratio
12.76%Tier 1 risk-based capital ratio
15.06%Total risk-based capital ratio
Memoranda
$16Average assets
$29,709Average earning assets
$4,093Average equity
$25,672Average loans
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