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

West Union Bank - Overview

  • General
  • FDIC Certificate #: 2452
    Status: Active
    Federal Reserve ID: 22730
    Bank Holding Company (Regulatory Top Holder): Tri-County Bancorp, Inc. (RSSDID: 3068289, Location: West Union, WV)
    Date Established: April 01, 1893
    WWW: http://www.westunionbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    FDIC's unique #: 1607
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 East Main Street, West Union, WV 26456
    County: Doddridge
    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
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $116.9 mil
    Equity capital: $12.6 mil
    Deposits held in domestic offices: $99.8 mil
    Return on assets (ROA): 0.63% ($0.7 mil)
    Quarterly return on assets: 0.68% ($0.8 mil)
    Return on Equity (ROE): 5.72% ($0.7 mil)
    Quarterly return on equity: 6.27% ($0.8 mil)
    Net income: $0.7 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.72% ($841.5 mil)
    Quarterly Pretax return on assets: 0.75% ($876.5 mil)

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

2000 - 2011 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, 2011)

  • Dollar figures in thousands
  • 46Total employees (full-time equivalent)
  • $116,869Total assets
  • $10,386Cash and due from depository institutions
  • $9,273Interest-bearing balances
  • $29,424Securities
  • $379Federal funds sold & reverse repurchase agreements
  • $70,819Net loans & leases
  • $711Loan loss allowance
  • $0Trading account assets
  • $2,806Bank premises and fixed assets
  • $210Other real estate owned
  • $0Goodwill and other intangibles
  • $116,869Life insurance assets
  • $2,845All other assets
  • $104,253Total liabilities and capital
  • $99,787Total liabilities
  • $73,181Total deposits
  • $99,787Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 3637.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $829Subordinated debt
  • $12,616All other liabilities
  • $12,616Total equity capital
  • $12,616Total bank equity capital
  • $0Perpetual preferred stock
  • $250Common stock
  • $300Surplus
  • $12,066Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,770Income earned, not collected on loans
  • $0Earning assets
  • $451Long-term assets (5+ years)
  • $109,895Average Assets, year-to-date
  • $48,727Average Assets, quarterly
  • $113,196Volatile liabilities
  • $116,861Insider loans
  • $72,361FHLB advances
  • $117,483Loans and leases held for sale
  • $1,639Unused loan commitments
  • $1,639Tier 1 (core) risk-based capital
  • $12,212Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $5,755Restructured Loans and leases
  • $987Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,931Total interest income
  • $776Total interest expense
  • $4,155Net interest income
  • $80Provision for loan and lease losses
  • $742Total noninterest income
  • $0Fiduciary activities
  • $315Service charges on deposit accounts
  • $0Trading account gains & fees
  • $427Additional noninterest income
  • $4,019Total noninterest expense
  • $2,111Salaries and employee benefits
  • $464Premises and equipment expense
  • $1,444Additional noninterest expense
  • $798Pre-tax net operating income
  • $19Securities gains (losses)
  • $107Applicable income taxes
  • $710Income before extraordinary items
  • $0Extraordinary gains - net
  • $710Net income attributable to bank
  • $0Net charge-offs
  • $710Cash dividends
  • $78Sale, conversion, retirement of capital stock, net
  • $328Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.64%Yield on earning assets
  • 0.73%Cost of funding earning assets
  • 3.91%Net interest margin
  • 0.70%Noninterest income to earning assets
  • 3.79%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.63%Return on assets (ROA)
  • 0.72%Pretax return on assets
  • 5.72%Return on equity (ROE)
  • 3.08%Retained earnings to average equity (YTD only)
  • 0.11%Net charge-offs to loans
  • 102.56%Credit loss provision to net charge-offs
  • 11.26%Efficiency ratio
  • 82,071Assets per employee
  • 2.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 46.20%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 40.17%Noncurrent assets plus other real estate owned to assets
  • 1.69%Noncurrent loans to loans
  • 2.47%Net loans and leases to deposits
  • 70.97%Net loans and leases to core deposits
  • 72.31%Equity capital to assets
  • 10.79%Core capital (leverage) ratio
  • 10.39%Tier 1 risk-based capital ratio
  • 16.88%Total risk-based capital ratio
  • Memoranda
  • $18Average assets
  • $113,196Average earning assets
  • $12,408Average equity
  • $106,162Average loans

List of branches

  • 5 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01607West Union Bank105 East Main Street, West Union, WV 26456April 01, 1893Full Service Brick and Mortar
    1192669Pennsboro Branch101 Eagle Drive, Pennsboro, WV 26415January 17, 1989Full Service Brick and Mortar
    2192670Salem Branch1 Westgate Center, Salem, WV 26426July 17, 1986Full Service Brick and Mortar
    3364398Harrisville Branch201 E Main Street, Harrisville, WV 26362June 03, 2002Full Service Brick and Mortar
    4444327Newpointe Plaza Shopping Center Bran320 Emily Drive, Clarksburg, WV 26301August 22, 2005Full Service Brick and Mortar

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