CB&T-Westover Bank, Inc. in Westover, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 10, 1993

CB&T-Westover Bank, Inc. in Westover, West Virginia (WV)
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CB&T-Westover Bank, Inc. - Overview

General
FDIC Certificate #: 20738
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Bank (#6784)
Federal Reserve ID: 855433
Date Established: July 01, 1972
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 14323
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: July 01, 1972
Last Structure Change Effective Date: September 10, 1993
Last Structure Change Process Date: September 21, 1993
Last Data Update: September 21, 1993
Data Source Date: April 05, 2012
Location
Address: 176 Holland Avenue, Westover, WV 26502
County: Monongalia
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
Core Based Statistical Area (CBSA): Morgantown, WV (#34060)
CBSA Metro Statistical Area: Morgantown, WV (#34060)
Financial Summary
Total assets: $63.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$34Total assets
$64,045Cash and due from depository institutions
$1,791Interest-bearing balances
$4Securities
$17,157Federal funds sold & reverse repurchase agreements
$3,640Net loans & leases
$37,518Loan loss allowance
$524Trading account assets
$0Bank premises and fixed assets
$1,401Other real estate owned
$270Goodwill and other intangibles
$547Life insurance assets
$1,721All other assets
$0Total liabilities and capital
$64,045Total liabilities
$57,480Total deposits
$56,254Interest-bearing deposits
$50,052Deposits held in domestic offices
56254.00%% insured (estimated)
$99Federal funds purchased & repurchase agreements
$875Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$351Total equity capital
$351Total bank equity capital
$6,565Perpetual preferred stock
$0Common stock
$500Surplus
$5,957Undivided profits
Memoranda
$108Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$227Income earned, not collected on loans
$201Earning assets
$58,319Long-term assets (5+ years)
$13,248Average Assets, year-to-date
$59,554Average Assets, quarterly
$61,774Volatile liabilities
$7,394Insider loans
$17FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,550Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,844Total risk weighted assets
$36,685Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$1,138Total interest expense
$502Net interest income
$636Provision for loan and lease losses
$15Total noninterest income
$38Fiduciary activities
$0Service charges on deposit accounts
$21Trading account gains & fees
$0Additional noninterest income
$17Total noninterest expense
$413Salaries and employee benefits
$201Premises and equipment expense
$60Additional noninterest expense
$152Pre-tax net operating income
$246Securities gains (losses)
-$8Applicable income taxes
$80Income before extraordinary items
$158Extraordinary gains - net
$0Net income attributable to bank
$158Net charge-offs
$4Cash dividends
$50Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
2.05%Cost of funding earning assets
0.91%Net interest margin
1.15%Noninterest income to earning assets
0.07%Noninterest expense to earning assets
0.75%Net operating income to assets
0.27%Return on assets (ROA)
0.27%Pretax return on assets
0.40%Return on equity (ROE)
3.35%Retained earnings to average equity (YTD only)
2.29%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
375.00%Efficiency ratio
55,638Assets per employee
1.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
31.65%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
230.84%Noncurrent assets plus other real estate owned to assets
0.78%Noncurrent loans to loans
0.60%Net loans and leases to deposits
66.69%Net loans and leases to core deposits
75.44%Equity capital to assets
10.25%Core capital (leverage) ratio
7.77%Tier 1 risk-based capital ratio
13.20%Total risk-based capital ratio
Memoranda
$14Average assets
$59,554Average earning assets
$4,715Average equity
$55,414Average loans

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