Bank of Marlinton in Marlinton, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 01, 1997

Bank of Marlinton in Marlinton, West Virginia (WV)
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Bank of Marlinton - Overview

General
FDIC Certificate #: 9034
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Citizens Bank & Trust Company (#10003)
Federal Reserve ID: 107936
Date Established: March 21, 1899
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 5774
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: August 01, 1997
Last Structure Change Process Date: October 02, 1997
Last Data Update: October 02, 1997
Data Source Date: April 05, 2012
Location
Address: 201-209 8th Street, Marlinton, WV 24954
County: Pocahontas
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: $60.7 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$24Total assets
$60,033Cash and due from depository institutions
$1,812Interest-bearing balances
$0Securities
$19,187Federal funds sold & reverse repurchase agreements
$4,650Net loans & leases
$28,819Loan loss allowance
$661Trading account assets
$0Bank premises and fixed assets
$759Other real estate owned
$0Goodwill and other intangibles
$925Life insurance assets
$3,881All other assets
$0Total liabilities and capital
$60,033Total liabilities
$50,254Total deposits
$49,584Interest-bearing deposits
$41,210Deposits held in domestic offices
49584.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$670Total equity capital
$670Total bank equity capital
$9,779Perpetual preferred stock
$0Common stock
$200Surplus
$9,553Undivided profits
Memoranda
$26Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$146Earning assets
$52,656Long-term assets (5+ years)
$2,017Average Assets, year-to-date
$59,807Average Assets, quarterly
$60,501Volatile liabilities
$1,805Insider loans
$95FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,955Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,898Total risk weighted assets
$26,817Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$3,690Total interest expense
$1,659Net interest income
$2,031Provision for loan and lease losses
$120Total noninterest income
$134Fiduciary activities
$0Service charges on deposit accounts
$82Trading account gains & fees
$0Additional noninterest income
$52Total noninterest expense
$1,614Salaries and employee benefits
$685Premises and equipment expense
$184Additional noninterest expense
$745Pre-tax net operating income
$431Securities gains (losses)
-$200Applicable income taxes
$190Income before extraordinary items
$41Extraordinary gains - net
$0Net income attributable to bank
$41Net charge-offs
-$104Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.03%Cost of funding earning assets
3.16%Net interest margin
3.87%Noninterest income to earning assets
0.26%Noninterest expense to earning assets
3.08%Net operating income to assets
0.28%Return on assets (ROA)
0.07%Pretax return on assets
0.39%Return on equity (ROE)
0.42%Retained earnings to average equity (YTD only)
0.42%Net charge-offs to loans
-0.40%Credit loss provision to net charge-offs
-115.38%Efficiency ratio
60,416Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.24%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
58.12%Net loans and leases to core deposits
60.32%Equity capital to assets
16.29%Core capital (leverage) ratio
10.29%Tier 1 risk-based capital ratio
21.99%Total risk-based capital ratio
Memoranda
$23Average assets
$59,807Average earning assets
$9,720Average equity
$52,454Average loans

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