Williamstown Bank, Inc. in Williamstown, West Virginia (WV)
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| Williamstown Bank, Inc. | |
|---|---|
| General | FDIC Certificate #: 14744 Status: Active Federal Reserve ID: 918132 Date Established: January 01, 1919 WWW: http://www.williamstownbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Domestic: 2, Interstate: No) OTS Docket #: 14466 FDIC's unique #: 9222 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: August 20, 1934 Last Structure Change Effective Date: October 03, 2007 Last Structure Change Process Date: December 21, 2007 Last Data Update: December 21, 2007 Data Source Date: April 05, 2012 |
| Location | Address: 435 Highland Avenue, Williamstown, WV 26187 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) |
| History of Changes | Name Change |
| Financial Summary | Total assets: $133.1 mil Equity capital: $13.7 mil Deposits held in domestic offices: $118.8 mil Return on assets (ROA): 1.10% ($1.5 mil) Quarterly return on assets: 1.12% ($1.5 mil) Return on Equity (ROE): 10.96% ($1.5 mil) Quarterly return on equity: 10.98% ($1.5 mil) Net income: $1.4 mil Quarterly Net income: $0.4 mil Pretax return on assets: 1.62% ($2,155.9 mil) Quarterly Pretax return on assets: 1.82% ($2,422.1 mil) |
| Assets and Liabilities (December 31, 2011) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 33 |
| Total assets | $133,082 |
| Cash and due from depository institutions | $14,034 |
| Interest-bearing balances | $10,342 |
| Securities | $12,193 |
| Federal funds sold & reverse repurchase agreements | $2,593 |
| Net loans & leases | $99,155 |
| Loan loss allowance | $1,149 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $2,065 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $3,042 |
| Life insurance assets | $133,082 |
| Total liabilities and capital | $119,412 |
| Total liabilities | $118,824 |
| Total deposits | $104,303 |
| Interest-bearing deposits | $118,824 |
| Deposits held in domestic offices | $98 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $588 |
| All other liabilities | $13,670 |
| Total equity capital | $13,670 |
| Total bank equity capital | $13,670 |
| Perpetual preferred stock | $0 |
| Common stock | $300 |
| Surplus | $500 |
| Undivided profits | $12,870 |
| Memoranda | |
| Noncurrent loans and leases | $0 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $60 |
| Earning assets | $0 |
| Long-term assets (5+ years) | $432 |
| Average Assets, year-to-date | $124,283 |
| Average Assets, quarterly | $46,514 |
| Volatile liabilities | $130,510 |
| Insider loans | $132,330 |
| FHLB advances | $92,659 |
| Loans and leases held for sale | $130,570 |
| Unused loan commitments | $1,833 |
| Tier 1 (core) risk-based capital | $924 |
| Tier 2 risk-based capital | $13,669 |
| Total risk weighted assets | $0 |
| Total unused commitments | $909 |
| Restructured Loans and leases | $5,232 |
| Derivatives | $188 |
| Income and Expense (December 31, 2011) (Dollar figures in thousands) | |
| Total interest income | $6,662 |
| Total interest expense | $1,449 |
| Net interest income | $5,213 |
| Provision for loan and lease losses | $306 |
| Total noninterest income | $816 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $351 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $465 |
| Total noninterest expense | $3,615 |
| Salaries and employee benefits | $1,905 |
| Premises and equipment expense | $378 |
| Additional noninterest expense | $1,332 |
| Pre-tax net operating income | $2,108 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $674 |
| Income before extraordinary items | $1,434 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $1,434 |
| Net charge-offs | $0 |
| Cash dividends | $1,434 |
| Sale, conversion, retirement of capital stock, net | $238 |
| Net operating income | $480 |
| Performance and Condition Ratios (December 31, 2011) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 5.52% |
| Cost of funding earning assets | 1.20% |
| Net interest margin | 4.32% |
| Noninterest income to earning assets | 0.68% |
| Noninterest expense to earning assets | 3.00% |
| Net operating income to assets | 1.10% |
| Return on assets (ROA) | 1.10% |
| Pretax return on assets | 1.62% |
| Return on equity (ROE) | 10.96% |
| Retained earnings to average equity (YTD only) | 7.29% |
| Net charge-offs to loans | 0.25% |
| Credit loss provision to net charge-offs | 128.57% |
| Efficiency ratio | 10.14% |
| Assets per employee | $59,960 |
| Cash dividends to net income (YTD only) | 4.03% |
| Condition Ratios (%) | |
| Loss allowance to loans | 33.47% |
| Loss allowance to noncurrent loans | 1.15% |
| Noncurrent assets plus other real estate owned to assets | 1915.00% |
| Noncurrent loans to loans | 0.05% |
| Net loans and leases to deposits | 0.06% |
| Net loans and leases to core deposits | 83.45% |
| Equity capital to assets | 85.60% |
| Core capital (leverage) ratio | 10.27% |
| Tier 1 risk-based capital ratio | 10.47% |
| Total risk-based capital ratio | 14.75% |
| Memoranda | |
| Average assets | $16 |
| Average earning assets | $130,510 |
| Average equity | $13,083 |
| Average loans | $120,603 |
| 2 West Virginia Branches as of April 05, 2012 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 9222 | Williamstown Bank, Inc. | 435 Highland Avenue, Williamstown, WV 26187 | January 01, 1919 | Full Service Brick and Mortar |  |
| 1 | 232062 | Parkersburg Branch | 3002 East Seventh Street, Parkersburg, WV 26102 | March 10, 1987 | Full Service Brick and Mortar |  |
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BankEncyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.