Wellsburg Banking and Trust Company in Wellsburg, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 04, 1993

Wellsburg Banking and Trust Company in Wellsburg, West Virginia (WV)
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Wellsburg Banking and Trust Company - Overview

General
FDIC Certificate #: 13019
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Progressive Bank, National Association (#10002)
Federal Reserve ID: 598329
Date Established: August 29, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 8226
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: January 04, 1993
Last Structure Change Process Date: January 27, 1993
Last Data Update: January 27, 1993
Data Source Date: April 05, 2012
Location
Address: 744 Charles Street, Wellsburg, WV 26070
County: Brooke
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): Steubenville-Weirton, OH-WV (#8080)
Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600)
CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
Financial Summary
Total assets: $20.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$13Total assets
$20,214Cash and due from depository institutions
$1,017Interest-bearing balances
$0Securities
$10,793Federal funds sold & reverse repurchase agreements
$804Net loans & leases
$6,968Loan loss allowance
$156Trading account assets
$0Bank premises and fixed assets
$354Other real estate owned
$28Goodwill and other intangibles
$250Life insurance assets
$0All other assets
$0Total liabilities and capital
$20,214Total liabilities
$18,046Total deposits
$17,858Interest-bearing deposits
$15,528Deposits held in domestic offices
17858.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$188Total equity capital
$188Total bank equity capital
$2,168Perpetual preferred stock
$0Common stock
$100Surplus
$1,000Undivided profits
Memoranda
$1,068Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$58Income earned, not collected on loans
$51Earning assets
$18,565Long-term assets (5+ years)
$5,845Average Assets, year-to-date
$20,559Average Assets, quarterly
$21,421Volatile liabilities
$200Insider loans
$52FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$97Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,168Total risk weighted assets
$9,083Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,537Total interest expense
$683Net interest income
$854Provision for loan and lease losses
$16Total noninterest income
$70Fiduciary activities
$0Service charges on deposit accounts
$56Trading account gains & fees
$0Additional noninterest income
$14Total noninterest expense
$669Salaries and employee benefits
$320Premises and equipment expense
$88Additional noninterest expense
$261Pre-tax net operating income
$239Securities gains (losses)
$7Applicable income taxes
$76Income before extraordinary items
$170Extraordinary gains - net
$0Net income attributable to bank
$170Net charge-offs
$14Cash dividends
$233Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
8.15%Cost of funding earning assets
3.62%Net interest margin
4.53%Noninterest income to earning assets
0.37%Noninterest expense to earning assets
3.55%Net operating income to assets
0.80%Return on assets (ROA)
0.83%Pretax return on assets
1.20%Return on equity (ROE)
7.53%Retained earnings to average equity (YTD only)
-2.79%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
114.29%Efficiency ratio
72,403Assets per employee
1.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
137.06%Loss allowance to loans
2.19%Loss allowance to noncurrent loans
268.97%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.81%Net loans and leases to deposits
39.02%Net loans and leases to core deposits
39.46%Equity capital to assets
10.73%Core capital (leverage) ratio
10.09%Tier 1 risk-based capital ratio
23.87%Total risk-based capital ratio
Memoranda
$25Average assets
$20,559Average earning assets
$2,257Average equity
$18,855Average loans

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