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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