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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