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

This bank is inactive as of September 30, 1994

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

General
FDIC Certificate #: 11956
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Bank One, West Virginia, National Association (#6768)
Federal Reserve ID: 975630
Date Established: December 08, 1902
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 7632
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: January 01, 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: 608 Hendricks Street, Wayne, WV 25570
County: Wayne
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): Huntington-Ashland, WV-KY-OH (#3400)
Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580)
CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
Financial Summary
Total assets: $88.2 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)
$30Total assets
$90,037Cash and due from depository institutions
$2,078Interest-bearing balances
$0Securities
$52,408Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$32,156Loan loss allowance
$632Trading account assets
$0Bank premises and fixed assets
$1,631Other real estate owned
$310Goodwill and other intangibles
$1,454Life insurance assets
$0All other assets
$0Total liabilities and capital
$90,037Total liabilities
$82,071Total deposits
$76,487Interest-bearing deposits
$66,904Deposits held in domestic offices
76487.00%% insured (estimated)
$89Federal funds purchased & repurchase agreements
$5,200Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$384Total equity capital
$384Total bank equity capital
$7,966Perpetual preferred stock
$0Common stock
$342Surplus
$1,509Undivided profits
Memoranda
$6,115Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$267Income earned, not collected on loans
$170Earning assets
$84,564Long-term assets (5+ years)
$11,631Average Assets, year-to-date
$82,615Average Assets, quarterly
$87,604Volatile liabilities
$6,977Insider loans
$170FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,923Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,966Total risk weighted assets
$36,899Total unused commitments
$0Restructured Loans and leases
$4,000Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$6,490Total interest expense
$2,459Net interest income
$4,031Provision for loan and lease losses
$25Total noninterest income
$424Fiduciary activities
$0Service charges on deposit accounts
$221Trading account gains & fees
$0Additional noninterest income
$203Total noninterest expense
$2,304Salaries and employee benefits
$1,042Premises and equipment expense
$268Additional noninterest expense
$994Pre-tax net operating income
$2,126Securities gains (losses)
$0Applicable income taxes
$739Income before extraordinary items
$1,387Extraordinary gains - net
$0Net income attributable to bank
$1,387Net charge-offs
-$5Cash dividends
$849Sale, 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
8.32%Cost of funding earning assets
3.15%Net interest margin
5.17%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
2.95%Net operating income to assets
1.68%Return on assets (ROA)
1.68%Pretax return on assets
2.57%Return on equity (ROE)
17.90%Retained earnings to average equity (YTD only)
6.94%Net charge-offs to loans
-0.02%Credit loss provision to net charge-offs
-500.00%Efficiency ratio
51,717Assets per employee
3.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
61.21%Loss allowance to loans
1.93%Loss allowance to noncurrent loans
236.70%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.81%Net loans and leases to deposits
42.04%Net loans and leases to core deposits
43.04%Equity capital to assets
8.85%Core capital (leverage) ratio
9.14%Tier 1 risk-based capital ratio
21.59%Total risk-based capital ratio
Memoranda
$23Average assets
$82,615Average earning assets
$7,749Average equity
$77,980Average loans

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