The Merchants National Bank of Montgomery in Montgomery, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 22, 1997

  • The Merchants National Bank of Montgomery in Montgomery, West Virginia (WV)
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The Merchants National Bank of Montgomery - Overview

  • General
  • FDIC Certificate #: 6778
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: City National Bank of West Virginia (#17735)
    Federal Reserve ID: 892531
    Date Established: April 27, 1910
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 9824
    FDIC's unique #: 4555
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: December 22, 1997
    Last Structure Change Process Date: January 07, 1998
    Last Data Update: January 07, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: Fourth Avenue And Washington Street, Montgomery, WV 25136
    County: Fayette
    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): Beckley-Oak Hill, WV (#138)
    Core Based Statistical Area (CBSA): Oak Hill, WV (#36060)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $138.2 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $56Total assets
  • $114,643Cash and due from depository institutions
  • $4,927Interest-bearing balances
  • $546Securities
  • $27,629Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $77,560Loan loss allowance
  • $523Trading account assets
  • $0Bank premises and fixed assets
  • $2,414Other real estate owned
  • $201Goodwill and other intangibles
  • $1,772Life insurance assets
  • $140All other assets
  • $0Total liabilities and capital
  • $114,643Total liabilities
  • $104,350Total deposits
  • $85,577Interest-bearing deposits
  • $71,866Deposits held in domestic offices
  • 85577.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $5,557Trading liabilities
  • $0Other borrowed funds
  • $12,092Subordinated debt
  • $0All other liabilities
  • $1,124Total equity capital
  • $1,124Total bank equity capital
  • $10,293Perpetual preferred stock
  • $0Common stock
  • $288Surplus
  • $1,840Undivided profits
  • Memoranda
  • $8,165Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $231Income earned, not collected on loans
  • $619Earning assets
  • $105,735Long-term assets (5+ years)
  • $10,152Average Assets, year-to-date
  • $119,324Average Assets, quarterly
  • $113,512Volatile liabilities
  • $22,466Insider loans
  • $2,496FHLB advances
  • $0Loans and leases held for sale
  • $22,119Unused loan commitments
  • $2,431Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $10,036Total risk weighted assets
  • $81,712Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $9,415Total interest expense
  • $4,138Net interest income
  • $5,277Provision for loan and lease losses
  • $235Total noninterest income
  • $461Fiduciary activities
  • $0Service charges on deposit accounts
  • $324Trading account gains & fees
  • $0Additional noninterest income
  • $137Total noninterest expense
  • $3,349Salaries and employee benefits
  • $1,643Premises and equipment expense
  • $432Additional noninterest expense
  • $1,274Pre-tax net operating income
  • $2,154Securities gains (losses)
  • $27Applicable income taxes
  • $651Income before extraordinary items
  • $1,530Extraordinary gains - net
  • $0Net income attributable to bank
  • $1,530Net charge-offs
  • $172Cash dividends
  • $125Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.54%Cost of funding earning assets
  • 3.76%Net interest margin
  • 4.79%Noninterest income to earning assets
  • 0.42%Noninterest expense to earning assets
  • 3.04%Net operating income to assets
  • 1.27%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 1.83%Return on equity (ROE)
  • 15.88%Retained earnings to average equity (YTD only)
  • 14.58%Net charge-offs to loans
  • 0.23%Credit loss provision to net charge-offs
  • 136.63%Efficiency ratio
  • 57,738Assets per employee
  • 2.05%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 8.17%Loss allowance to loans
  • 0.67%Loss allowance to noncurrent loans
  • 226.41%Noncurrent assets plus other real estate owned to assets
  • 0.38%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 90.63%Net loans and leases to core deposits
  • 96.04%Equity capital to assets
  • 8.98%Core capital (leverage) ratio
  • 8.82%Tier 1 risk-based capital ratio
  • 12.28%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $119,324Average earning assets
  • $9,636Average equity
  • $110,184Average loans

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