FDIC Certificate #: 9025 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Grant County Bank (#11953) Federal Reserve ID: 499127 Date Established: January 01, 1905 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Interstate: No) FDIC's unique #: 5766 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: January 01, 1934 Last Structure Change Effective Date: July 27, 2000 Last Structure Change Process Date: August 02, 2000 Last Data Update: August 02, 2000 Data Source Date: April 05, 2012
Location
Address: Main Street, Harman, WV 26270 County: Randolph 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
Financial Summary
Total assets: $10.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
8Total employees (full-time equivalent)
$11,059Total assets
$882Cash and due from depository institutions
$0Interest-bearing balances
$2,438Securities
$1,775Federal funds sold & reverse repurchase agreements
$5,754Net loans & leases
$60Loan loss allowance
$0Trading account assets
$56Bank premises and fixed assets
$15Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$139All other assets
$11,059Total liabilities and capital
$9,368Total liabilities
$9,319Total deposits
$7,013Interest-bearing deposits
$9,319Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$49All other liabilities
$1,691Total equity capital
$1,691Total bank equity capital
$1,691Perpetual preferred stock
$0Common stock
$25Surplus
$200Undivided profits
Memoranda
$1,466Noncurrent loans and leases
$243Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$74Earning assets
$0Long-term assets (5+ years)
$46Average Assets, year-to-date
$9,967Average Assets, quarterly
$2,873Volatile liabilities
$11,271Insider loans
$11,035FHLB advances
$737Loans and leases held for sale
$201Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$243Total unused commitments
$0Restructured Loans and leases
$60Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$798Total interest income
$297Total interest expense
$501Net interest income
$27Provision for loan and lease losses
$29Total noninterest income
$0Fiduciary activities
$14Service charges on deposit accounts
$0Trading account gains & fees
$15Additional noninterest income
$423Total noninterest expense
$263Salaries and employee benefits
$52Premises and equipment expense
$108Additional noninterest expense
$80Pre-tax net operating income
$0Securities gains (losses)
$18Applicable income taxes
$62Income before extraordinary items
$0Extraordinary gains - net
$62Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$29Sale, conversion, retirement of capital stock, net
$20Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.75%Yield on earning assets
2.88%Cost of funding earning assets
4.87%Net interest margin
0.28%Noninterest income to earning assets
4.11%Noninterest expense to earning assets
0.55%Net operating income to assets
0.55%Return on assets (ROA)
0.71%Pretax return on assets
3.67%Return on equity (ROE)
2.49%Retained earnings to average equity (YTD only)
0.49%Net charge-offs to loans
93.10%Credit loss provision to net charge-offs
3.69%Efficiency ratio
79,811Assets per employee
1.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
32.26%Loss allowance to loans
1.03%Loss allowance to noncurrent loans
81.08%Noncurrent assets plus other real estate owned to assets
0.80%Noncurrent loans to loans
1.27%Net loans and leases to deposits
61.74%Net loans and leases to core deposits
67.05%Equity capital to assets
15.29%Core capital (leverage) ratio
15.32%Tier 1 risk-based capital ratio
28.54%Total risk-based capital ratio
Memoranda
$30Average assets
$11,271Average earning assets
$1,687Average equity
$10,296Average loans
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