Ameribank, Charleston in Charleston, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of July 23, 1993

Ameribank, Charleston in Charleston, West Virginia (WV)
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Ameribank, Charleston - Overview

General
FDIC Certificate #: 21490
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, West Virginia, Charleston, National Association (#6754)
Federal Reserve ID: 822323
Date Established: Febuary 21, 1974
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 9658
FDIC's unique #: 14862
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: March 25, 1974
Last Structure Change Effective Date: July 23, 1993
Last Structure Change Process Date: August 12, 1993
Last Data Update: August 12, 1993
Data Source Date: April 05, 2012
Location
Address: 1625 Washington Street, Charleston, WV 25311
County: Kanawha
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): Charleston, WV (#1480)
Core Based Statistical Area (CBSA): Charleston, WV (#16620)
CBSA Metro Statistical Area: Charleston, WV (#16620)
Financial Summary
Total assets: $15.0 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$15,165Cash and due from depository institutions
$1,519Interest-bearing balances
$4Securities
$3,043Federal funds sold & reverse repurchase agreements
$2,250Net loans & leases
$7,728Loan loss allowance
$165Trading account assets
$0Bank premises and fixed assets
$382Other real estate owned
$117Goodwill and other intangibles
$126Life insurance assets
$0All other assets
$0Total liabilities and capital
$15,165Total liabilities
$14,081Total deposits
$13,992Interest-bearing deposits
$11,006Deposits held in domestic offices
13992.00%% insured (estimated)
$90Federal funds purchased & repurchase agreements
$10Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$79Total equity capital
$79Total bank equity capital
$1,084Perpetual preferred stock
$0Common stock
$303Surplus
$523Undivided profits
Memoranda
$258Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$49Earning assets
$13,025Long-term assets (5+ years)
$136Average Assets, year-to-date
$14,789Average Assets, quarterly
$15,664Volatile liabilities
$1,561Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$25Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,084Total risk weighted assets
$6,700Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,200Total interest expense
$488Net interest income
$712Provision for loan and lease losses
$12Total noninterest income
$106Fiduciary activities
$0Service charges on deposit accounts
$99Trading account gains & fees
$0Additional noninterest income
$7Total noninterest expense
$630Salaries and employee benefits
$299Premises and equipment expense
$37Additional noninterest expense
$294Pre-tax net operating income
$176Securities gains (losses)
$0Applicable income taxes
$57Income before extraordinary items
$119Extraordinary gains - net
$0Net income attributable to bank
$119Net charge-offs
-$28Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.22%Cost of funding earning assets
3.75%Net interest margin
5.47%Noninterest income to earning assets
0.81%Noninterest expense to earning assets
4.84%Net operating income to assets
0.80%Return on assets (ROA)
0.80%Pretax return on assets
1.19%Return on equity (ROE)
11.53%Retained earnings to average equity (YTD only)
11.53%Net charge-offs to loans
-0.35%Credit loss provision to net charge-offs
-42.86%Efficiency ratio
77,017Assets per employee
1.69%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.09%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.77%Noncurrent loans to loans
0.00%Net loans and leases to deposits
55.23%Net loans and leases to core deposits
62.12%Equity capital to assets
7.15%Core capital (leverage) ratio
7.31%Tier 1 risk-based capital ratio
16.18%Total risk-based capital ratio
Memoranda
$17Average assets
$14,789Average earning assets
$1,032Average equity
$13,020Average loans

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