Wesbanco Bank Bridgeport, Inc. in Bridgeport, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 29, 1995

Wesbanco Bank Bridgeport, Inc. in Bridgeport, West Virginia (WV)
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Wesbanco Bank Bridgeport, Inc. - Overview

General
FDIC Certificate #: 18264
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank Fairmont, Inc. (#6761)
Federal Reserve ID: 946724
Date Established: January 01, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 6 (Interstate: No)
FDIC's unique #: 12180
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: June 15, 1960
Last Structure Change Effective Date: April 29, 1995
Last Structure Change Process Date: May 22, 1995
Last Data Update: May 22, 1995
Data Source Date: April 05, 2012
Location
Address: 139 Main Street, Bridgeport, WV 26330
County: Harrison
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
Combined Statistical Area (CSA): Fairmont-Clarksburg, WV (#242)
Core Based Statistical Area (CBSA): Clarksburg, WV (#17220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $117.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$66Total assets
$120,193Cash and due from depository institutions
$6,613Interest-bearing balances
$0Securities
$40,432Federal funds sold & reverse repurchase agreements
$1,310Net loans & leases
$67,096Loan loss allowance
$1,108Trading account assets
$0Bank premises and fixed assets
$3,103Other real estate owned
$90Goodwill and other intangibles
$1,534Life insurance assets
$15All other assets
$0Total liabilities and capital
$120,193Total liabilities
$107,308Total deposits
$103,142Interest-bearing deposits
$85,250Deposits held in domestic offices
103142.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$3,203Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$963Total equity capital
$963Total bank equity capital
$12,885Perpetual preferred stock
$0Common stock
$3,600Surplus
$4,503Undivided profits
Memoranda
$4,782Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$436Income earned, not collected on loans
$305Earning assets
$108,838Long-term assets (5+ years)
$19,606Average Assets, year-to-date
$121,729Average Assets, quarterly
$119,999Volatile liabilities
$7,086Insider loans
$3,102FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,312Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$13,225Total risk weighted assets
$61,496Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$8,345Total interest expense
$2,755Net interest income
$5,590Provision for loan and lease losses
$75Total noninterest income
$605Fiduciary activities
$0Service charges on deposit accounts
$515Trading account gains & fees
$0Additional noninterest income
$90Total noninterest expense
$4,069Salaries and employee benefits
$2,072Premises and equipment expense
$770Additional noninterest expense
$1,227Pre-tax net operating income
$2,051Securities gains (losses)
$2Applicable income taxes
$726Income before extraordinary items
$1,327Extraordinary gains - net
$0Net income attributable to bank
$1,327Net charge-offs
$109Cash dividends
$758Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.54%Cost of funding earning assets
2.49%Net interest margin
5.05%Noninterest income to earning assets
0.55%Noninterest expense to earning assets
3.68%Net operating income to assets
1.09%Return on assets (ROA)
1.09%Pretax return on assets
1.69%Return on equity (ROE)
10.67%Retained earnings to average equity (YTD only)
4.58%Net charge-offs to loans
0.16%Credit loss provision to net charge-offs
68.81%Efficiency ratio
65,440Assets per employee
1.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
57.12%Loss allowance to loans
1.62%Loss allowance to noncurrent loans
254.13%Noncurrent assets plus other real estate owned to assets
0.44%Noncurrent loans to loans
0.64%Net loans and leases to deposits
65.05%Net loans and leases to core deposits
67.60%Equity capital to assets
10.72%Core capital (leverage) ratio
10.79%Tier 1 risk-based capital ratio
21.51%Total risk-based capital ratio
Memoranda
$23Average assets
$121,729Average earning assets
$12,436Average equity
$110,656Average loans

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