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

This bank is inactive as of December 22, 1997

Bank of Ripley, National Association in Ripley, West Virginia (WV)
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Bank of Ripley, National Association - Overview

General
FDIC Certificate #: 6178
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: City National Bank of West Virginia (#17735)
Federal Reserve ID: 907435
Date Established: August 10, 1891
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 2 (Interstate: No)
OTS Docket #: 12022
FDIC's unique #: 4162
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 01, 1934
Last Structure Change Effective Date: December 22, 1997
Last Structure Change Process Date: January 07, 1998
Last Data Update: January 07, 1998
Data Source Date: April 05, 2012
Location
Address: 108 North Church Street, Ripley, WV 25271
County: Jackson
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: $87.2 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)
$25Total assets
$65,481Cash and due from depository institutions
$1,322Interest-bearing balances
$17Securities
$16,836Federal funds sold & reverse repurchase agreements
$1,950Net loans & leases
$43,834Loan loss allowance
$443Trading account assets
$0Bank premises and fixed assets
$746Other real estate owned
$95Goodwill and other intangibles
$698Life insurance assets
$0All other assets
$0Total liabilities and capital
$65,481Total liabilities
$59,797Total deposits
$59,393Interest-bearing deposits
$52,518Deposits held in domestic offices
59393.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$20Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$384Total equity capital
$384Total bank equity capital
$5,684Perpetual preferred stock
$0Common stock
$323Surplus
$1,000Undivided profits
Memoranda
$4,361Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$187Income earned, not collected on loans
$283Earning assets
$62,637Long-term assets (5+ years)
$15,388Average Assets, year-to-date
$69,625Average Assets, quarterly
$65,984Volatile liabilities
$4,220Insider loans
$1,275FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,394Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,637Total risk weighted assets
$40,510Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$5,973Total interest expense
$2,732Net interest income
$3,241Provision for loan and lease losses
$66Total noninterest income
$223Fiduciary activities
$0Service charges on deposit accounts
$146Trading account gains & fees
$0Additional noninterest income
$77Total noninterest expense
$1,644Salaries and employee benefits
$875Premises and equipment expense
$168Additional noninterest expense
$601Pre-tax net operating income
$1,754Securities gains (losses)
$4Applicable income taxes
$598Income before extraordinary items
$1,160Extraordinary gains - net
$0Net income attributable to bank
$1,160Net charge-offs
$35Cash dividends
$775Sale, 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
8.95%Cost of funding earning assets
4.10%Net interest margin
4.86%Noninterest income to earning assets
0.33%Noninterest expense to earning assets
2.46%Net operating income to assets
1.66%Return on assets (ROA)
1.67%Pretax return on assets
2.52%Return on equity (ROE)
21.51%Retained earnings to average equity (YTD only)
7.14%Net charge-offs to loans
0.07%Credit loss provision to net charge-offs
188.57%Efficiency ratio
47,460Assets per employee
2.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
66.81%Loss allowance to loans
1.00%Loss allowance to noncurrent loans
236.90%Noncurrent assets plus other real estate owned to assets
0.43%Noncurrent loans to loans
0.42%Net loans and leases to deposits
73.80%Net loans and leases to core deposits
79.42%Equity capital to assets
8.68%Core capital (leverage) ratio
8.09%Tier 1 risk-based capital ratio
13.92%Total risk-based capital ratio
Memoranda
$15Average assets
$69,625Average earning assets
$5,394Average equity
$66,711Average loans

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