Traders Bank in Ravenswood, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 08, 2011

Traders Bank - Overview

  • General
  • FDIC Certificate #: 848
    Status: Inactive
    Acquiring institution: Premier Bank, Inc. (#34837)
    Federal Reserve ID: 13037
    Date Established: March 27, 1903
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 6 (Interstate: No)
    OTS Docket #: 13424
    FDIC's unique #: 534
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 08, 2011
    Last Structure Change Process Date: April 26, 2011
    Last Data Update: April 26, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 601 Washington St, Ravenswood, WV 26164
    County: Jackson
    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
  • History of Changes
  • Merger - Without Assistance
  • Financial Summary
  • Total assets: $158.6 mil

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

2000 - 2011 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, 2010)

  • Dollar figures in thousands
  • 49Total employees (full-time equivalent)
  • $158,049Total assets
  • $4,594Cash and due from depository institutions
  • $2,610Interest-bearing balances
  • $33,708Securities
  • $6,401Federal funds sold & reverse repurchase agreements
  • $96,208Net loans & leases
  • $2,249Loan loss allowance
  • $0Trading account assets
  • $4,301Bank premises and fixed assets
  • $1,011Other real estate owned
  • $8,061Goodwill and other intangibles
  • $0Life insurance assets
  • $3,765All other assets
  • $158,049Total liabilities and capital
  • $133,431Total liabilities
  • $133,199Total deposits
  • $105,906Interest-bearing deposits
  • $133,199Deposits held in domestic offices
  • 97.86%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $232All other liabilities
  • $24,618Total equity capital
  • $24,618Total bank equity capital
  • $24,618Perpetual preferred stock
  • $0Common stock
  • $900Surplus
  • $17,314Undivided profits
  • Memoranda
  • $6,404Noncurrent loans and leases
  • $14,453Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $2,487Earning assets
  • $0Long-term assets (5+ years)
  • $491Average Assets, year-to-date
  • $138,927Average Assets, quarterly
  • $29,806Volatile liabilities
  • $157,411Insider loans
  • $156,948FHLB advances
  • $14,341Loans and leases held for sale
  • $3,741Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $14,453Total unused commitments
  • $2,810Restructured Loans and leases
  • $1,178Derivatives

Income and Expense (December 31, 2010)

  • Dollar figures in thousands
  • $7,337Total interest income
  • $1,419Total interest expense
  • $5,918Net interest income
  • $507Provision for loan and lease losses
  • $857Total noninterest income
  • $0Fiduciary activities
  • $490Service charges on deposit accounts
  • $0Trading account gains & fees
  • $367Additional noninterest income
  • $4,561Total noninterest expense
  • $1,816Salaries and employee benefits
  • $734Premises and equipment expense
  • $2,011Additional noninterest expense
  • $1,707Pre-tax net operating income
  • $4Securities gains (losses)
  • $101Applicable income taxes
  • $1,610Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,610Net income attributable to bank
  • $0Net charge-offs
  • $1,610Cash dividends
  • $299Sale, conversion, retirement of capital stock, net
  • $920Net operating income

Performance and Condition Ratios (December 31, 2010)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.36%Yield on earning assets
  • 1.04%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.63%Noninterest income to earning assets
  • 3.33%Noninterest expense to earning assets
  • 1.02%Net operating income to assets
  • 1.02%Return on assets (ROA)
  • 1.09%Pretax return on assets
  • 6.48%Return on equity (ROE)
  • 2.78%Retained earnings to average equity (YTD only)
  • 0.31%Net charge-offs to loans
  • 169.57%Credit loss provision to net charge-offs
  • 7.40%Efficiency ratio
  • 64,103Assets per employee
  • 3.23%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 57.14%Loss allowance to loans
  • 2.28%Loss allowance to noncurrent loans
  • 90.43%Noncurrent assets plus other real estate owned to assets
  • 2.21%Noncurrent loans to loans
  • 2.53%Net loans and leases to deposits
  • 72.23%Net loans and leases to core deposits
  • 80.94%Equity capital to assets
  • 15.58%Core capital (leverage) ratio
  • 10.69%Tier 1 risk-based capital ratio
  • 17.09%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $157,411Average earning assets
  • $24,829Average equity
  • $136,902Average loans

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