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


Whitesville State Bank - Overview

  • General
  • FDIC Certificate #: 16453
    Status: Active
    Federal Reserve ID: 732637
    Bank Holding Company (Regulatory Top Holder): Big Coal River Bancorp, Inc. (RSSDID: 1135842, Location: Whitesville, WV)
    Date Established: July 08, 1946
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Domestic: 4, Interstate: No)
    FDIC's unique #: 10619
    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: All Other Specialization < 1 Billion
    Date of Deposit Insurance: July 08, 1946
    Last Structure Change Effective Date: July 31, 2008
    Last Structure Change Process Date: August 21, 2008
    Last Data Update: August 21, 2008
    Data Source Date: April 05, 2012
  • Location
  • Address: 38609 Coal River Rd, Whitesville, WV 25209
    County: Boone
    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
    Core Based Statistical Area (CBSA): Charleston, WV (#16620)
    CBSA Metro Statistical Area: Charleston, WV (#16620)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $79.2 mil
    Equity capital: $7.7 mil
    Deposits held in domestic offices: $71.1 mil
    Return on assets (ROA): 0.29% ($0.2 mil)
    Quarterly return on assets: 0.25% ($0.2 mil)
    Return on Equity (ROE): 3.03% ($0.2 mil)
    Quarterly return on equity: 2.66% ($0.2 mil)
    Net income: $0.2 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.31% ($245.6 mil)
    Quarterly Pretax return on assets: 0.27% ($213.9 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
  • 38Total employees (full-time equivalent)
  • $79,229Total assets
  • $9,005Cash and due from depository institutions
  • $7,143Interest-bearing balances
  • $29,958Securities
  • $2,299Federal funds sold & reverse repurchase agreements
  • $33,835Net loans & leases
  • $450Loan loss allowance
  • $0Trading account assets
  • $866Bank premises and fixed assets
  • $101Other real estate owned
  • $0Goodwill and other intangibles
  • $79,229Life insurance assets
  • $3,165All other assets
  • $71,490Total liabilities and capital
  • $71,090Total liabilities
  • $49,952Total deposits
  • $71,090Interest-bearing deposits
  • $96Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $400Subordinated debt
  • $7,739All other liabilities
  • $7,739Total equity capital
  • $7,739Total bank equity capital
  • $0Perpetual preferred stock
  • $50Common stock
  • $200Surplus
  • $7,489Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $134Income earned, not collected on loans
  • $0Earning assets
  • $285Long-term assets (5+ years)
  • $73,235Average Assets, year-to-date
  • $25,772Average Assets, quarterly
  • $77,244Volatile liabilities
  • $80,405Insider loans
  • $53,002FHLB advances
  • $76,107Loans and leases held for sale
  • $2,251Unused loan commitments
  • $2,251Tier 1 (core) risk-based capital
  • $7,457Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $2,642Restructured Loans and leases
  • $896Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $2,776Total interest income
  • $453Total interest expense
  • $2,323Net interest income
  • $65Provision for loan and lease losses
  • $953Total noninterest income
  • $0Fiduciary activities
  • $575Service charges on deposit accounts
  • $0Trading account gains & fees
  • $378Additional noninterest income
  • $3,096Total noninterest expense
  • $1,451Salaries and employee benefits
  • $186Premises and equipment expense
  • $1,459Additional noninterest expense
  • $115Pre-tax net operating income
  • $122Securities gains (losses)
  • $11Applicable income taxes
  • $226Income before extraordinary items
  • $0Extraordinary gains - net
  • $226Net income attributable to bank
  • $0Net charge-offs
  • $226Cash dividends
  • $36Sale, conversion, retirement of capital stock, net
  • $73Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.99%Yield on earning assets
  • 0.65%Cost of funding earning assets
  • 3.34%Net interest margin
  • 1.37%Noninterest income to earning assets
  • 4.45%Noninterest expense to earning assets
  • 0.14%Net operating income to assets
  • 0.29%Return on assets (ROA)
  • 0.31%Pretax return on assets
  • 3.03%Return on equity (ROE)
  • 2.05%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 180.56%Credit loss provision to net charge-offs
  • 5.00%Efficiency ratio
  • 94,505Assets per employee
  • 2.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 32.30%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 335.82%Noncurrent assets plus other real estate owned to assets
  • 0.30%Noncurrent loans to loans
  • 0.39%Net loans and leases to deposits
  • 47.59%Net loans and leases to core deposits
  • 51.24%Equity capital to assets
  • 9.77%Core capital (leverage) ratio
  • 9.80%Tier 1 risk-based capital ratio
  • 14.07%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $77,244Average earning assets
  • $7,470Average equity
  • $69,507Average loans

List of branches

  • 4 West Virginia Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    010619Whitesville State Bank38609 Coal River Rd, Whitesville, WV 25209July 08, 1946Full Service Brick and Mortar
    1238108Comfort Branch7070 Coal River Rd, Comfort, WV 25049September 10, 1984Full Service Brick and Mortar
    2238109Glen Daniel Branch7022 Haper Rd, Glen Daniel, WV 25844March 09, 1987Full Service Brick and Mortar
    3238110Crab Orchard Branch1460 Robert C. Byrd Drive, Crab Orchard, WV 25827June 17, 1997Full Service Brick and Mortar

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