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

This bank is inactive as of May 29, 1998

Wesbanco Bank Parkersburg in Parkersburg, West Virginia (WV)
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Wesbanco Bank Parkersburg - Overview

General
FDIC Certificate #: 18582
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank Parkersburg (#6174)
Federal Reserve ID: 1009635
Date Established: September 10, 1962
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 12469
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: September 10, 1962
Last Structure Change Effective Date: May 29, 1998
Last Structure Change Process Date: July 10, 1998
Last Data Update: July 10, 1998
Data Source Date: April 05, 2012
Location
Address: Gihon Road And Pike 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)
Financial Summary
Total assets: $125.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
66Total employees (full-time equivalent)
$121,157Total assets
$4,796Cash and due from depository institutions
$0Interest-bearing balances
$27,830Securities
$3,374Federal funds sold & reverse repurchase agreements
$81,651Net loans & leases
$1,240Loan loss allowance
$0Trading account assets
$2,374Bank premises and fixed assets
$66Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,066All other assets
$121,157Total liabilities and capital
$108,775Total liabilities
$107,336Total deposits
$98,387Interest-bearing deposits
$107,336Deposits held in domestic offices
0.00%% insured (estimated)
$685Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$754All other liabilities
$12,382Total equity capital
$12,382Total bank equity capital
$12,382Perpetual preferred stock
$0Common stock
$500Surplus
$2,025Undivided profits
Memoranda
$9,857Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$223Earning assets
$0Long-term assets (5+ years)
$433Average Assets, year-to-date
$112,855Average Assets, quarterly
$22,863Volatile liabilities
$119,215Insider loans
$121,144FHLB advances
$9,689Loans and leases held for sale
$689Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,689Total unused commitments
$0Restructured Loans and leases
$80,190Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$8,833Total interest income
$3,893Total interest expense
$4,940Net interest income
$280Provision for loan and lease losses
$446Total noninterest income
$17Fiduciary activities
$373Service charges on deposit accounts
$0Trading account gains & fees
$56Additional noninterest income
$3,177Total noninterest expense
$1,665Salaries and employee benefits
$508Premises and equipment expense
$1,004Additional noninterest expense
$1,929Pre-tax net operating income
$0Securities gains (losses)
$607Applicable income taxes
$1,322Income before extraordinary items
$0Extraordinary gains - net
$1,322Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$403Sale, conversion, retirement of capital stock, net
$1,325Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.96%Yield on earning assets
3.51%Cost of funding earning assets
4.45%Net interest margin
0.40%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
1.11%Net operating income to assets
1.11%Return on assets (ROA)
1.62%Pretax return on assets
10.81%Return on equity (ROE)
-0.02%Retained earnings to average equity (YTD only)
0.47%Net charge-offs to loans
69.48%Credit loss provision to net charge-offs
5.48%Efficiency ratio
58,986Assets per employee
1.84%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.23%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
556.05%Noncurrent assets plus other real estate owned to assets
0.24%Noncurrent loans to loans
0.27%Net loans and leases to deposits
76.07%Net loans and leases to core deposits
83.04%Equity capital to assets
10.22%Core capital (leverage) ratio
9.99%Tier 1 risk-based capital ratio
15.13%Total risk-based capital ratio
Memoranda
$16Average assets
$119,215Average earning assets
$12,225Average equity
$110,952Average loans

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