Bank One, West Virginia, Nicholas County, Inc. in Summersville, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 1994

Bank One, West Virginia, Nicholas County, Inc. in Summersville, West Virginia (WV)
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Bank One, West Virginia, Nicholas County, Inc. - Overview

General
FDIC Certificate #: 15446
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, West Virginia, National Association (#6768)
Federal Reserve ID: 788830
Date Established: April 17, 1900
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 9758
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: December 21, 1936
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: 509 Main Street, Summersville, WV 26651
County: Nicholas
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: $93.7 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)
$27Total assets
$94,921Cash and due from depository institutions
$1,622Interest-bearing balances
$0Securities
$64,696Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$26,069Loan loss allowance
$264Trading account assets
$0Bank premises and fixed assets
$738Other real estate owned
$264Goodwill and other intangibles
$1,532Life insurance assets
$0All other assets
$0Total liabilities and capital
$94,921Total liabilities
$85,997Total deposits
$73,731Interest-bearing deposits
$65,137Deposits held in domestic offices
73731.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$11,751Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$515Total equity capital
$515Total bank equity capital
$8,924Perpetual preferred stock
$0Common stock
$1,100Surplus
$1,100Undivided profits
Memoranda
$6,724Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$72Income earned, not collected on loans
$163Earning assets
$90,765Long-term assets (5+ years)
$27,837Average Assets, year-to-date
$89,851Average Assets, quarterly
$94,591Volatile liabilities
$16,308Insider loans
$1,200FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,457Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$8,924Total risk weighted assets
$36,593Total unused commitments
$0Restructured Loans and leases
$5,400Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$6,245Total interest expense
$2,504Net interest income
$3,741Provision for loan and lease losses
$47Total noninterest income
$207Fiduciary activities
$0Service charges on deposit accounts
$145Trading account gains & fees
$0Additional noninterest income
$62Total noninterest expense
$1,924Salaries and employee benefits
$890Premises and equipment expense
$191Additional noninterest expense
$843Pre-tax net operating income
$1,977Securities gains (losses)
$36Applicable income taxes
$566Income before extraordinary items
$1,447Extraordinary gains - net
$0Net income attributable to bank
$1,447Net charge-offs
$24Cash dividends
$946Sale, 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
7.29%Cost of funding earning assets
2.92%Net interest margin
4.37%Noninterest income to earning assets
0.24%Noninterest expense to earning assets
2.25%Net operating income to assets
1.58%Return on assets (ROA)
1.61%Pretax return on assets
2.24%Return on equity (ROE)
16.62%Retained earnings to average equity (YTD only)
5.75%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
195.83%Efficiency ratio
48,734Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.38%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
366.67%Noncurrent assets plus other real estate owned to assets
0.35%Noncurrent loans to loans
0.27%Net loans and leases to deposits
35.36%Net loans and leases to core deposits
37.69%Equity capital to assets
9.40%Core capital (leverage) ratio
9.67%Tier 1 risk-based capital ratio
24.39%Total risk-based capital ratio
Memoranda
$25Average assets
$89,851Average earning assets
$8,709Average equity
$85,660Average loans

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