United Bank in Parkersburg, West Virginia (WV), OH
Overview, Financial Summary, Detailed Financial Reports, Branches


United Bank - Overview

  • General
  • FDIC Certificate #: 6784
    Status: Active
    Federal Reserve ID: 1010930
    Bank Holding Company (Regulatory Top Holder): United Bankshares, Inc. (RSSDID: 1076217, Location: Charleston, WV)
    Date Established: January 01, 1839
    WWW: http://www.unitedbank-wv.com
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 56 (Domestic: 56, Interstate: Yes)
    OTS Docket #: 9461
    FDIC's unique #: 4559
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: July 14, 2007
    Last Structure Change Process Date: September 20, 2007
    Last Data Update: September 20, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 514 Market Street, Parkersburg, WV 26101
    County: Wood
    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
    Metropolitan Statistical Area (MSA): Parkersburg-Marietta, WV-OH (#6020)
    Core Based Statistical Area (CBSA): Parkersburg-Marietta-Vienna, WV-OH (#37620)
    CBSA Metro Statistical Area: Parkersburg-Marietta-Vienna, WV-OH (#37620)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $3,625.4 mil
    Equity capital: $285.8 mil
    Deposits held in domestic offices: $3,023.8 mil
    Return on assets (ROA): 1.31% ($47.5 mil)
    Quarterly return on assets: 1.19% ($43.1 mil)
    Return on Equity (ROE): 16.08% ($46.0 mil)
    Quarterly return on equity: 14.98% ($42.8 mil)
    Net income: $46.3 mil
    Quarterly Net income: $10.8 mil
    Pretax return on assets: 1.91% ($69,245.2 mil)
    Quarterly Pretax return on assets: 1.74% ($63,082.0 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, 2011)

  • Dollar figures in thousands
  • 839Total employees (full-time equivalent)
  • $3,625,405Total assets
  • $390,164Cash and due from depository institutions
  • $307,037Interest-bearing balances
  • $309,020Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,698,251Net loans & leases
  • $35,981Loan loss allowance
  • $0Trading account assets
  • $29,541Bank premises and fixed assets
  • $20,116Other real estate owned
  • $12,122Goodwill and other intangibles
  • $3,625,405Life insurance assets
  • $166,191All other assets
  • $3,299,826Total liabilities and capital
  • $3,023,847Total liabilities
  • $2,309,742Total deposits
  • $3,023,847Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 253325.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,522Trading liabilities
  • $0Other borrowed funds
  • $11,132Subordinated debt
  • $325,579All other liabilities
  • $285,839Total equity capital
  • $285,839Total bank equity capital
  • $0Perpetual preferred stock
  • $10,802Common stock
  • $91,092Surplus
  • $183,945Undivided profits
  • Memoranda
  • $39,740Noncurrent loans and leases
  • $1,673Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $31,759Income earned, not collected on loans
  • $319Earning assets
  • $11,130Long-term assets (5+ years)
  • $3,314,308Average Assets, year-to-date
  • $637,877Average Assets, quarterly
  • $3,536,404Volatile liabilities
  • $3,634,634Insider loans
  • $2,816,325FHLB advances
  • $3,647,084Loans and leases held for sale
  • $71,050Unused loan commitments
  • $12,945Tier 1 (core) risk-based capital
  • $347,561Tier 2 risk-based capital
  • $42,053Total risk weighted assets
  • $16,052Total unused commitments
  • $721,007Restructured Loans and leases
  • $118,776Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $148,245Total interest income
  • $20,046Total interest expense
  • $128,199Net interest income
  • $5,917Provision for loan and lease losses
  • $43,711Total noninterest income
  • $8,912Fiduciary activities
  • $19,242Service charges on deposit accounts
  • $0Trading account gains & fees
  • $15,557Additional noninterest income
  • $90,182Total noninterest expense
  • $37,150Salaries and employee benefits
  • $12,665Premises and equipment expense
  • $40,367Additional noninterest expense
  • $75,811Pre-tax net operating income
  • -$8,213Securities gains (losses)
  • $21,293Applicable income taxes
  • $46,305Income before extraordinary items
  • $0Extraordinary gains - net
  • $46,305Net income attributable to bank
  • $0Net charge-offs
  • $46,305Cash dividends
  • $6,825Sale, conversion, retirement of capital stock, net
  • $36,000Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.61%Yield on earning assets
  • 0.62%Cost of funding earning assets
  • 3.99%Net interest margin
  • 1.36%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 1.47%Net operating income to assets
  • 1.31%Return on assets (ROA)
  • 1.91%Pretax return on assets
  • 16.08%Return on equity (ROE)
  • 3.58%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 86.70%Credit loss provision to net charge-offs
  • 11.97%Efficiency ratio
  • 52,459Assets per employee
  • 4.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 77.75%Loss allowance to loans
  • 1.32%Loss allowance to noncurrent loans
  • 113.29%Noncurrent assets plus other real estate owned to assets
  • 1.43%Noncurrent loans to loans
  • 1.16%Net loans and leases to deposits
  • 89.23%Net loans and leases to core deposits
  • 100.50%Equity capital to assets
  • 7.88%Core capital (leverage) ratio
  • 9.53%Tier 1 risk-based capital ratio
  • 12.34%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $3,536,404Average earning assets
  • $287,908Average equity
  • $3,215,094Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $2,268,617Managed Assets
  • 1Number of Accounts
  • $1,261,620Personal trust and agency accounts
  • $406,291Employee benefit-defined contribution accounts
  • $156,923Employee benefit-defined benefit accounts
  • $120,869Other retirement accounts
  • $55,357Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $352,938Other fiduciary accounts
  • $169,241Fiduciary accounts held in foreign offices
  • $1Non-managed Assets
  • 1754Number of Accounts
  • $0Personal trust and agency accounts
  • $27,787Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $1,006,997Other retirement accounts
  • $5,025Corporate trust and agency accounts
  • $34,892Other fiduciary accounts
  • $30,048Fiduciary accounts held in foreign offices

Bank Assets Sold and Securitized (December 31, 2011)

  • Dollar figures in thousands
  • Principal balance with servicing or other recourse retained
  • $2,6291-4 family residential loans
  • $0Home equity lines
  • $0Credit cards receivables
  • $0Auto loans
  • $0Other consumer loans
  • $0Commercial and industrial loans

List of branches

  • 3 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    69272658Bellaire Branch3198 Belmont Street, Bellaire, OH 43906June 30, 1994Full Service Brick and Mortar
    71212188Bellaire Kroger Branch400 28th Street, Bellaire, OH 43906October 17, 1998Full Service Brick and Mortar
    72212189St. Clairsville Kroger Branch50789 Valley Plaza Drive, Saint Clairsville, OH 43950October 17, 1998Full Service Brick and Mortar
  • 53 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04559United Bank514 Market Street, Parkersburg, WV 26101January 01, 1839Full Service Brick and Mortar
    1212182Parkersburg Express Branch1029 Murdoch Avenue, Parkersburg, WV 26101July 26, 1978Full Service Brick and Mortar
    34166Dunbar Branch1200 Grosscup Ave., Dunbar, WV 25064Febuary 03, 1917Full Service Brick and Mortar
    4208932Spring Hill Facility5151 Maccorkle Avenue, S.W., South Charleston, WV 25309March 03, 1975Limited Service Administrative
    616257Huntington Branch2889 Third Ave, Huntington, WV 25702September 15, 1980Full Service Brick and Mortar
    817389Rosemar Branch1 Rosemar Circle, Parkersburg, WV 26104May 09, 1984Full Service Brick and Mortar
    914583Grand Central Mall Branch234 Grand Central Mall, Vienna, WV 26105May 29, 1973Full Service Brick and Mortar
    10525Charleston Main500 Virginia Street, East, Charleston, WV 25322October 01, 1901Full Service Brick and Mortar
    1214566Scott Depot BranchRoute 34 At Poplar Fork Road, Scott Depot, WV 25560May 11, 1973Full Service Brick and Mortar
    13186121Town Center Branch1079 Charleston Town Center, Charleston, WV 25389November 07, 1983Full Service Brick and Mortar
    1414669Big Chimney Branch4605 Pennsylvania Ave., Charleston, WV 25302September 10, 1973Full Service Brick and Mortar
    1611370Vienna Branch2650 Grand Central Avenue, Vienna, WV 26105November 01, 1954Full Service Brick and Mortar
    174565Ripley Branch113 North Street, Ripley, WV 25271January 01, 1893Full Service Brick and Mortar
    18212200Ripley West Branch716 West Main Street, Ripley, WV 25271July 02, 1984Full Service Brick and Mortar
    194556Montgomery Branch200 Fourth Street, Montgomery, WV 25136January 19, 1901Full Service Brick and Mortar
    20212174Smithers BranchU.S. Route 60, Smithers, WV 25186March 22, 1984Full Service Brick and Mortar
    219379Ansted Branch120 Main Street, Ansted, WV 25812January 02, 1935Full Service Brick and Mortar
    238372Moundsville Branch621 Seventh Street, Moundsville, WV 26041January 01, 1896Full Service Brick and Mortar
    26247777Three Springs Drive-In Branch109 Three Springs Drive, Weirton, WV 26062Febuary 14, 1983Full Service Brick and Mortar
    27247778Main Street Branch3567 Main Street, Weirton, WV 26062November 03, 1986Full Service Brick and Mortar
    284576Glenville Branch101 East Main Street, Glenville, WV 26351September 14, 1932Full Service Brick and Mortar
    291601Weston Branch202 Main Avenue, Weston, WV 26452April 24, 1906Full Service Brick and Mortar
    318707Webster Springs BranchOne Court Square, Webster Springs, WV 26288Febuary 20, 1934Full Service Brick and Mortar
    33230645Cowen Branch90 Railroad Avenue, East, Cowen, WV 26206August 24, 1983Full Service Brick and Mortar
    344533Ceredo Branch555 C Street, Ceredo, WV 25507July 12, 1892Full Service Brick and Mortar
    36212100Westmoreland Branch473 Camden Road, Huntington, WV 25704December 01, 1986Full Service Brick and Mortar
    374547Kenova Branch511 14th Street, Kenova, WV 25530December 31, 1910Full Service Brick and Mortar
    3814323Westover Branch176 Holland Avenue, Westover, WV 26501July 01, 1972Full Service Brick and Mortar
    40254886Star City Branch3441 University Avenue, Star City, WV 26505January 18, 1983Full Service Brick and Mortar
    416386Beckley Main Branch129 Main Street, Beckley, WV 25802July 15, 1909Full Service Brick and Mortar
    4316427Crossroads Mall Branch84 Crossroads Mall, Mount Hope, WV 25880May 06, 1981Full Service Brick and Mortar
    4415399Sophia Branch425 Robert C. Byrd Dr., Sophia, WV 25921November 21, 1975Full Service Brick and Mortar
    46274188Man Branch300 Market St., Man, WV 25635January 01, 1934Full Service Brick and Mortar
    47274189Danville Branch1661 Smoot Ave, Danville, WV 25053January 01, 1934Full Service Brick and Mortar
    4841902Logan Branch220 Main Street, Logan, WV 25601July 01, 1934Full Service Brick and Mortar
    49274190Aracoma Branch507 Holly Ave. Route 10, Logan, WV 25601January 01, 1934Full Service Brick and Mortar
    5040975Fayetteville Branch145 West Maple Avenue, Fayetteville, WV 25840January 01, 1910Full Service Brick and Mortar
    51274191Raleigh Mall Shopping Center BranchRaleigh Mall Shopping Center, Beckley, WV 25801January 01, 1934Full Service Brick and Mortar
    52274192Summersville Branch2004 West Webster Road, Summersville, WV 26651January 01, 1934Full Service Brick and Mortar
    5542481Morgantown Branch154 Fayette Street, Morgantown, WV 26505January 01, 1935Full Service Brick and Mortar
    57212185Walmart Superstore Branch550 Emily Drive, Clarksburg, WV 26301October 29, 1997Full Service Retail
    585769Charles Town Main Branch106 West Washington Street, Charles Town, WV 25414May 08, 1906Full Service Brick and Mortar
    61272648Elm Grove Branch2180 National Rd, Wheeling, WV 26003July 01, 1934Full Service Brick and Mortar
    62272652Warwood Shopping Plaza Branch1269 Warwood Ave., Wheeling, WV 26003July 01, 1934Full Service Brick and Mortar
    63272653Bethlehem Branch14 Bethlehem Blvd, Wheeling, WV 26003July 01, 1934Full Service Brick and Mortar
    6641901Wheeling Main21 Twelfth Street, Wheeling, WV 26003August 06, 1937Full Service Brick and Mortar
    67272657Suncrest Branch1085 Van Voorhis Road Suite 1, Morgantown, WV 26505June 30, 1986Full Service Brick and Mortar
    73362206Wheeling Kroger Branch200 Mount De Chantal Road, Wheeling, WV 26003October 17, 1998Full Service Retail
    84419472Kanawha City Branch4901 Maccorkle Avenue Se, Charleston, WV 25304September 20, 2002Full Service Brick and Mortar
    85424215Premier Bank Branch24 District Way, Martinsburg, WV 25404July 18, 2005Full Service Brick and Mortar
    86452374Shepherdstown Branch7867 Martinsburg Pike, Shepherdstown, WV 25443June 29, 2006Full Service Brick and Mortar
    87491072Charles Town Branch71 Jefferson Crossing Way, Suite F, Charles Town, WV 25414March 03, 2008Full Service Brick and Mortar
    88521628Wheeling Drive-In Branch1501 Market Street, Wheeling, WV 26003July 01, 2010Limited Service Facility

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