FDIC Certificate #: 22954 Status: Active Federal Reserve ID: 897237 Bank Holding Company (Regulatory Top Holder): Morgantown Bancshares, Inc. (RSSDID: 2638582, Location: Morgantown, WV) Date Established: September 20, 1979 WWW:http://www.citizensbankwv.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) OTS Docket #: 9531 FDIC's unique #: 16060 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes Ownership Type: Non-Stock FFIEC Call Report 31 Filer: No State Chartered: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Mortgage Lending Specialization Date of Deposit Insurance: September 20, 1979 Last Structure Change Effective Date: March 31, 2006 Last Structure Change Process Date: November 03, 2006 Last Data Update: November 03, 2006 Data Source Date: April 05, 2012
Location
Address: 265 High Street, Morgantown, WV 26505 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $32.1 mil Equity capital: $6.3 mil Deposits held in domestic offices: $20.4 mil Return on assets (ROA): 0.59% ($0.2 mil) Quarterly return on assets: 0.23% ($0.1 mil) Return on Equity (ROE): 2.96% ($0.2 mil) Quarterly return on equity: 1.14% ($0.1 mil) Net income: $0.2 mil Quarterly Net income: $0.0 mil Pretax return on assets: 0.62% ($199.3 mil) Quarterly Pretax return on assets: 0.27% ($86.8 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2011)
Dollar figures in thousands
11Total employees (full-time equivalent)
$32,149Total assets
$743Cash and due from depository institutions
$1Interest-bearing balances
$12,828Securities
$0Federal funds sold & reverse repurchase agreements
$17,316Net loans & leases
$227Loan loss allowance
$0Trading account assets
$595Bank premises and fixed assets
$30Other real estate owned
$0Goodwill and other intangibles
$32,149Life insurance assets
$637All other assets
$25,852Total liabilities and capital
$20,440Total liabilities
$17,629Total deposits
$20,440Interest-bearing deposits
$94Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$4,955Trading liabilities
$0Other borrowed funds
$457Subordinated debt
$6,297All other liabilities
$6,297Total equity capital
$6,297Total bank equity capital
$0Perpetual preferred stock
$60Common stock
$1,089Surplus
$5,148Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$20Income earned, not collected on loans
$0Earning assets
$170Long-term assets (5+ years)
$30,145Average Assets, year-to-date
$24,255Average Assets, quarterly
$30,658Volatile liabilities
$31,407Insider loans
$13,961FHLB advances
$31,669Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$5,933Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$353Restructured Loans and leases
$332Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$1,466Total interest income
$165Total interest expense
$1,301Net interest income
$26Provision for loan and lease losses
$99Total noninterest income
$0Fiduciary activities
$37Service charges on deposit accounts
$0Trading account gains & fees
$62Additional noninterest income
$1,185Total noninterest expense
$658Salaries and employee benefits
$228Premises and equipment expense
$299Additional noninterest expense
$189Pre-tax net operating income
$0Securities gains (losses)
$9Applicable income taxes
$180Income before extraordinary items
$0Extraordinary gains - net
$180Net income attributable to bank
$0Net charge-offs
$180Cash dividends
$30Sale, conversion, retirement of capital stock, net
$62Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.11%Yield on earning assets
0.58%Cost of funding earning assets
4.54%Net interest margin
0.35%Noninterest income to earning assets
4.13%Noninterest expense to earning assets
0.59%Net operating income to assets
0.59%Return on assets (ROA)
0.62%Pretax return on assets
2.96%Return on equity (ROE)
1.94%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
86.67%Credit loss provision to net charge-offs
7.17%Efficiency ratio
84,643Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.44%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
1135.00%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.11%Net loans and leases to deposits
84.72%Net loans and leases to core deposits
87.34%Equity capital to assets
19.59%Core capital (leverage) ratio
18.73%Tier 1 risk-based capital ratio
42.50%Total risk-based capital ratio
Memoranda
$44Average assets
$30,658Average earning assets
$6,088Average equity
$28,677Average loans
List of branches
1 West Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
16060
Citizens Bank Of Morgantown, Inc.
265 High Street, Morgantown, WV 26505
September 20, 1979
Full Service Brick and Mortar
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