Bank One, West Virginia, Logan, National Association in Logan, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1994

Bank One, West Virginia, Logan, National Association in Logan, West Virginia (WV)
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Bank One, West Virginia, Logan, National Association - Overview

General
FDIC Certificate #: 13750
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, West Virginia, National Association (#6768)
Federal Reserve ID: 102137
Date Established: January 22, 1934
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 4 (Interstate: No)
FDIC's unique #: 8598
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 24, 1934
Last Structure Change Effective Date: September 30, 1994
Last Structure Change Process Date: October 13, 1994
Last Data Update: October 13, 1994
Data Source Date: April 05, 2012
Location
Address: 755 East Stratton Street, Logan, WV 25601
County: Logan
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
Financial Summary
Total assets: $164.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$80Total assets
$170,672Cash and due from depository institutions
$4,387Interest-bearing balances
$0Securities
$98,479Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$61,696Loan loss allowance
$979Trading account assets
$0Bank premises and fixed assets
$3,577Other real estate owned
$180Goodwill and other intangibles
$2,353Life insurance assets
$0All other assets
$0Total liabilities and capital
$170,672Total liabilities
$154,583Total deposits
$139,806Interest-bearing deposits
$125,691Deposits held in domestic offices
139806.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$13,100Trading liabilities
$0Other borrowed funds
$622Subordinated debt
$0All other liabilities
$1,055Total equity capital
$1,055Total bank equity capital
$16,089Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,300Undivided profits
Memoranda
$13,789Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$266Income earned, not collected on loans
$266Earning assets
$160,175Long-term assets (5+ years)
$26,136Average Assets, year-to-date
$164,793Average Assets, quarterly
$170,225Volatile liabilities
$17,550Insider loans
$4,438FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,306Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$16,089Total risk weighted assets
$75,070Total unused commitments
$0Restructured Loans and leases
$37,900Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$11,176Total interest expense
$4,199Net interest income
$6,977Provision for loan and lease losses
$130Total noninterest income
$665Fiduciary activities
$0Service charges on deposit accounts
$445Trading account gains & fees
$0Additional noninterest income
$220Total noninterest expense
$4,234Salaries and employee benefits
$2,247Premises and equipment expense
$409Additional noninterest expense
$1,578Pre-tax net operating income
$3,278Securities gains (losses)
$0Applicable income taxes
$1,005Income before extraordinary items
$2,273Extraordinary gains - net
$0Net income attributable to bank
$2,273Net charge-offs
$918Cash dividends
$848Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.26%Cost of funding earning assets
2.73%Net interest margin
4.53%Noninterest income to earning assets
0.43%Noninterest expense to earning assets
2.75%Net operating income to assets
1.38%Return on assets (ROA)
1.38%Pretax return on assets
1.99%Return on equity (ROE)
14.61%Retained earnings to average equity (YTD only)
9.16%Net charge-offs to loans
1.46%Credit loss provision to net charge-offs
14.16%Efficiency ratio
55,404Assets per employee
2.13%Cash dividends to net income (YTD only)
Condition Ratios (%)
37.31%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
368.05%Noncurrent assets plus other real estate owned to assets
0.26%Noncurrent loans to loans
0.42%Net loans and leases to deposits
44.13%Net loans and leases to core deposits
45.37%Equity capital to assets
9.43%Core capital (leverage) ratio
9.49%Tier 1 risk-based capital ratio
21.43%Total risk-based capital ratio
Memoranda
$23Average assets
$164,793Average earning assets
$15,559Average equity
$153,936Average loans

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