Wesbanco Bank Parkersburg in Parkersburg, West Virginia (WV)

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Wesbanco Bank Parkersburg
GeneralFDIC Certificate #: 6174
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank, Inc. (#803)
Federal Reserve ID: 823834
Date Established: August 18, 1903
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 16 (Interstate: No)
OTS Docket #: 11245
FDIC's unique #: 4158
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
LocationAddress: 415 Market 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 SummaryTotal assets: $415.3 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)
Total employees (full-time equivalent)214
Total assets$415,335
Cash and due from depository institutions$18,991
Interest-bearing balances$4,131
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$297,545
Loan loss allowance $3,911
Trading account assets$0
Bank premises and fixed assets$10,113
Other real estate owned$1,996
Goodwill and other intangibles$0
All other assets$9,841
Life insurance assets$0
Total liabilities and capital$415,335
Total liabilities$376,168
Total deposits$356,153
Interest-bearing deposits$311,373
Deposits held in domestic offices$356,153
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $7,309
Trading liabilities$0
Other borrowed funds $7,964
Subordinated debt $0
All other liabilities $4,742
Total equity capital$39,167
Total bank equity capital$39,167
Perpetual preferred stock$39,167
Common stock$0
Undivided profits $3,587
Noncurrent loans and leases $27,580
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $30,308
Income earned, not collected on loans $0
Earning assets $3,076
Long-term assets (5+ years) $0
Average Assets, year-to-date $1,408
Average Assets, quarterly $378,525
Volatile liabilities $128,321
Insider loans $423,811
FHLB advances $420,459
Loans and leases held for sale $36,783
Unused loan commitments $5,317
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $30,308
Restructured Loans and leases $76
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Income and Expense (December 31, 1999)
(Dollar figures in thousands)
Total interest income $30,168
Total interest expense $12,935
Net interest income $17,233
Provision for loan and lease losses $184
Total noninterest income $2,678
Fiduciary activities $508
Service charges on deposit accounts $1,651
Trading account gains & fees $0
Additional noninterest income $519
Total noninterest expense $13,326
Salaries and employee benefits $6,664
Premises and equipment expense $2,096
Additional noninterest expense $4,566
Pre-tax net operating income $6,401
Securities gains (losses) $61
Applicable income taxes $2,117
Income before extraordinary items $4,345
Extraordinary gains - net $0
Net income attributable to bank $4,345
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $401
Net operating income $900
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Performance and Condition Ratios (December 31, 1999)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.80%
Cost of funding earning assets 3.35%
Net interest margin 4.46%
Noninterest income to earning assets 0.69%
Noninterest expense to earning assets 3.45%
Net operating income to assets 1.02%
Return on assets (ROA) 1.03%
Pretax return on assets 1.52%
Return on equity (ROE) 11.30%
Retained earnings to average equity (YTD only) 8.96%
Net charge-offs to loans 0.14%
Credit loss provision to net charge-offs 45.89%
Efficiency ratio16.42%
Assets per employee$66,928
Cash dividends to net income (YTD only)1.94%
Condition Ratios (%)
Loss allowance to loans 20.71%
Loss allowance to noncurrent loans 1.30%
Noncurrent assets plus other real estate owned to assets 127.15%
Noncurrent loans to loans 1.22%
Net loans and leases to deposits1.02%
Net loans and leases to core deposits 83.54%
Equity capital to assets 89.71%
Core capital (leverage) ratio 9.43%
Tier 1 risk-based capital ratio 9.64%
Total risk-based capital ratio 13.87%
Average assets$15
Average earning assets$423,811
Average equity $38,457
Average loans $386,577
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