FDIC Certificate #: 29472 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Parkvale Savings Bank (#30237) Federal Reserve ID: 562179 Date Established: June 22, 1935 WWW:http://www.advancefinancial.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3507 FDIC's unique #: 42306 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: June 22, 1935 Last Structure Change Effective Date: December 31, 2004 Last Structure Change Process Date: January 14, 2005 Last Data Update: January 14, 2005 Data Source Date: April 05, 2012
Location
Address: 1015 Commerce Street, Wellsburg, WV 26070 County: Brooke 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): Steubenville-Weirton, OH-WV (#8080) Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600) CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
Financial Summary
Total assets: $314.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
94Total employees (full-time equivalent)
$323,344Total assets
$6,221Cash and due from depository institutions
$3,642Interest-bearing balances
$35,761Securities
$0Federal funds sold & reverse repurchase agreements
$263,493Net loans & leases
$1,496Loan loss allowance
$0Trading account assets
$4,938Bank premises and fixed assets
$752Other real estate owned
$6,705Goodwill and other intangibles
$0Life insurance assets
$5,474All other assets
$323,344Total liabilities and capital
$296,209Total liabilities
$268,914Total deposits
$256,274Interest-bearing deposits
$268,914Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$26,800Other borrowed funds
$0Subordinated debt
$495All other liabilities
$27,135Total equity capital
$27,135Total bank equity capital
$27,135Perpetual preferred stock
$0Common stock
$10Surplus
$13,231Undivided profits
Memoranda
$13,894Noncurrent loans and leases
$22,945Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,623Earning assets
$0Long-term assets (5+ years)
$1,259Average Assets, year-to-date
$302,896Average Assets, quarterly
$0Volatile liabilities
$305,488Insider loans
$324,854FHLB advances
$72,603Loans and leases held for sale
$1,584Unused loan commitments
$26,800Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$22,945Total unused commitments
$0Restructured Loans and leases
$1,496Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$16,684Total interest income
$7,564Total interest expense
$9,120Net interest income
$917Provision for loan and lease losses
$1,769Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,769Additional noninterest income
$6,593Total noninterest expense
$3,299Salaries and employee benefits
$1,491Premises and equipment expense
$1,803Additional noninterest expense
$3,379Pre-tax net operating income
$850Securities gains (losses)
$1,435Applicable income taxes
$2,794Income before extraordinary items
$0Extraordinary gains - net
$2,794Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$400Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.81%Yield on earning assets
2.63%Cost of funding earning assets
3.18%Net interest margin
0.62%Noninterest income to earning assets
2.30%Noninterest expense to earning assets
0.73%Net operating income to assets
0.91%Return on assets (ROA)
1.38%Pretax return on assets
10.80%Return on equity (ROE)
10.80%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
229.25%Credit loss provision to net charge-offs
10.74%Efficiency ratio
58,959Assets per employee
3.44%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.56%Loss allowance to noncurrent loans
92.17%Noncurrent assets plus other real estate owned to assets
0.73%Noncurrent loans to loans
0.61%Net loans and leases to deposits
97.98%Net loans and leases to core deposits
118.10%Equity capital to assets
8.39%Core capital (leverage) ratio
6.58%Tier 1 risk-based capital ratio
9.89%Total risk-based capital ratio
Memoranda
$11Average assets
$305,488Average earning assets
$25,877Average equity
$287,153Average loans
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