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

This bank is inactive as of December 30, 1996

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

  • General
  • FDIC Certificate #: 33194
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wesbanco Bank Fairmont, Inc. (#6761)
    Federal Reserve ID: 1494295
    Date Established: November 06, 1990
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 10139
    FDIC's unique #: 46431
    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: November 06, 1990
    Last Structure Change Effective Date: December 30, 1996
    Last Structure Change Process Date: January 14, 1997
    Last Data Update: January 14, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 344 High Street, Morgantown, WV 26505
    County: Monongalia
    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): Morgantown, WV (#34060)
    CBSA Metro Statistical Area: Morgantown, WV (#34060)
  • Financial Summary
  • Total assets: $57.4 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $37Total assets
  • $58,331Cash and due from depository institutions
  • $3,053Interest-bearing balances
  • $1,393Securities
  • $10,543Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $42,786Loan loss allowance
  • $476Trading account assets
  • $0Bank premises and fixed assets
  • $1,281Other real estate owned
  • $0Goodwill and other intangibles
  • $668Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $58,331Total liabilities
  • $54,207Total deposits
  • $52,513Interest-bearing deposits
  • $45,711Deposits held in domestic offices
  • 52513.00%% insured (estimated)
  • $87Federal funds purchased & repurchase agreements
  • $550Trading liabilities
  • $0Other borrowed funds
  • $1,000Subordinated debt
  • $0All other liabilities
  • $144Total equity capital
  • $144Total bank equity capital
  • $4,124Perpetual preferred stock
  • $0Common stock
  • $2,000Surplus
  • $2,000Undivided profits
  • Memoranda
  • $124Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $216Income earned, not collected on loans
  • $282Earning assets
  • $54,722Long-term assets (5+ years)
  • $6,095Average Assets, year-to-date
  • $55,973Average Assets, quarterly
  • $58,175Volatile liabilities
  • $9,198Insider loans
  • $252FHLB advances
  • $0Loans and leases held for sale
  • $949Unused loan commitments
  • $6,533Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $4,152Total risk weighted assets
  • $41,399Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1995)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,871Total interest expense
  • $2,394Net interest income
  • $2,477Provision for loan and lease losses
  • $123Total noninterest income
  • $328Fiduciary activities
  • $0Service charges on deposit accounts
  • $199Trading account gains & fees
  • $0Additional noninterest income
  • $129Total noninterest expense
  • $2,106Salaries and employee benefits
  • $1,072Premises and equipment expense
  • $408Additional noninterest expense
  • $626Pre-tax net operating income
  • $576Securities gains (losses)
  • -$28Applicable income taxes
  • $145Income before extraordinary items
  • $403Extraordinary gains - net
  • $0Net income attributable to bank
  • $403Net charge-offs
  • $97Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1995)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.29%Cost of funding earning assets
  • 4.56%Net interest margin
  • 4.72%Noninterest income to earning assets
  • 0.63%Noninterest expense to earning assets
  • 4.01%Net operating income to assets
  • 0.76%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 0.98%Return on equity (ROE)
  • 11.04%Retained earnings to average equity (YTD only)
  • 11.04%Net charge-offs to loans
  • 0.25%Credit loss provision to net charge-offs
  • 126.80%Efficiency ratio
  • 74,759Assets per employee
  • 1.58%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.10%Loss allowance to noncurrent loans
  • 220.37%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.50%Net loans and leases to deposits
  • 81.48%Net loans and leases to core deposits
  • 97.54%Equity capital to assets
  • 7.07%Core capital (leverage) ratio
  • 7.28%Tier 1 risk-based capital ratio
  • 10.03%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $55,973Average earning assets
  • $3,650Average equity
  • $52,458Average loans

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