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

This bank is inactive as of January 15, 2000

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

  • General
  • FDIC Certificate #: 6761
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wesbanco Bank, Inc. (#803)
    Federal Reserve ID: 487928
    Date Established: November 01, 1933
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 20 (Interstate: No)
    OTS Docket #: 10023
    FDIC's unique #: 4540
    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 15, 2000
    Last Structure Change Process Date: March 29, 2000
    Last Data Update: March 29, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 301 Adams Street, Fairmont, WV 26554
    County: Marion
    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): Fairmont, WV (#21900)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $583.9 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 261Total employees (full-time equivalent)
  • $583,934Total assets
  • $16,283Cash and due from depository institutions
  • $216Interest-bearing balances
  • $74,902Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $453,052Net loans & leases
  • $5,980Loan loss allowance
  • $0Trading account assets
  • $12,491Bank premises and fixed assets
  • $578Other real estate owned
  • $15,872Goodwill and other intangibles
  • $0Life insurance assets
  • $10,756All other assets
  • $583,934Total liabilities and capital
  • $510,077Total liabilities
  • $442,686Total deposits
  • $387,265Interest-bearing deposits
  • $442,686Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $35,245Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $28,870Other borrowed funds
  • $0Subordinated debt
  • $3,276All other liabilities
  • $73,857Total equity capital
  • $73,857Total bank equity capital
  • $73,857Perpetual preferred stock
  • $0Common stock
  • $7,001Surplus
  • $32,403Undivided profits
  • Memoranda
  • $34,453Noncurrent loans and leases
  • $71,384Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $4,445Earning assets
  • $258Long-term assets (5+ years)
  • $5,649Average Assets, year-to-date
  • $528,170Average Assets, quarterly
  • $162,000Volatile liabilities
  • $552,786Insider loans
  • $579,520FHLB advances
  • $86,151Loans and leases held for sale
  • $5,887Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $71,384Total unused commitments
  • $0Restructured Loans and leases
  • $5,356Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $38,734Total interest income
  • $16,976Total interest expense
  • $21,758Net interest income
  • $1,196Provision for loan and lease losses
  • $3,202Total noninterest income
  • $294Fiduciary activities
  • $1,757Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,151Additional noninterest income
  • $15,303Total noninterest expense
  • $7,628Salaries and employee benefits
  • $2,019Premises and equipment expense
  • $5,656Additional noninterest expense
  • $8,461Pre-tax net operating income
  • $16Securities gains (losses)
  • $3,003Applicable income taxes
  • $5,474Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,474Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $782Sale, conversion, retirement of capital stock, net
  • $3,600Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.69%Yield on earning assets
  • 3.37%Cost of funding earning assets
  • 4.32%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.04%Noninterest expense to earning assets
  • 0.99%Net operating income to assets
  • 0.99%Return on assets (ROA)
  • 1.53%Pretax return on assets
  • 7.93%Return on equity (ROE)
  • 2.71%Retained earnings to average equity (YTD only)
  • 0.18%Net charge-offs to loans
  • 152.94%Credit loss provision to net charge-offs
  • 12.35%Efficiency ratio
  • 57,628Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 65.77%Loss allowance to loans
  • 1.30%Loss allowance to noncurrent loans
  • 134.53%Noncurrent assets plus other real estate owned to assets
  • 0.86%Noncurrent loans to loans
  • 0.97%Net loans and leases to deposits
  • 102.34%Net loans and leases to core deposits
  • 110.55%Equity capital to assets
  • 12.65%Core capital (leverage) ratio
  • 10.44%Tier 1 risk-based capital ratio
  • 13.75%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $552,786Average earning assets
  • $69,051Average equity
  • $504,014Average loans

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