FDIC Certificate #: 57163 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Traders Bank (#848) Federal Reserve ID: 3040379 Date Established: July 19, 2001 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 358757 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: July 19, 2001 Last Structure Change Effective Date: October 24, 2008 Last Structure Change Process Date: December 03, 2008 Last Data Update: December 03, 2008 Data Source Date: April 05, 2012
Location
Address: 601 Washington Street, Ravenswood, WV 26164 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: $66.0 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2007)
Dollar figures in thousands
22Total employees (full-time equivalent)
$59,638Total assets
$2,610Cash and due from depository institutions
$684Interest-bearing balances
$4,019Securities
$3,764Federal funds sold & reverse repurchase agreements
$46,352Net loans & leases
$549Loan loss allowance
$0Trading account assets
$1,940Bank premises and fixed assets
$213Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$740All other assets
$59,638Total liabilities and capital
$53,736Total liabilities
$53,361Total deposits
$45,543Interest-bearing deposits
$53,361Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$375All other liabilities
$5,902Total equity capital
$5,902Total bank equity capital
$5,902Perpetual preferred stock
$0Common stock
$400Surplus
$3,600Undivided profits
Memoranda
$1,902Noncurrent loans and leases
$3,369Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$580Earning assets
$0Long-term assets (5+ years)
$280Average Assets, year-to-date
$54,819Average Assets, quarterly
$3,934Volatile liabilities
$61,417Insider loans
$59,350FHLB advances
$8,883Loans and leases held for sale
$1,808Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,369Total unused commitments
$0Restructured Loans and leases
$510Derivatives
Income and Expense (December 31, 2007)
Dollar figures in thousands
$4,352Total interest income
$1,842Total interest expense
$2,510Net interest income
$35Provision for loan and lease losses
$313Total noninterest income
$0Fiduciary activities
$186Service charges on deposit accounts
$0Trading account gains & fees
$127Additional noninterest income
$1,876Total noninterest expense
$912Salaries and employee benefits
$214Premises and equipment expense
$750Additional noninterest expense
$912Pre-tax net operating income
$0Securities gains (losses)
$341Applicable income taxes
$571Income before extraordinary items
$0Extraordinary gains - net
$571Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$44Sale, conversion, retirement of capital stock, net
$276Net operating income
Performance and Condition Ratios (December 31, 2007)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.66%Yield on earning assets
3.24%Cost of funding earning assets
4.42%Net interest margin
0.55%Noninterest income to earning assets
3.30%Noninterest expense to earning assets
0.93%Net operating income to assets
0.93%Return on assets (ROA)
1.48%Pretax return on assets
9.88%Return on equity (ROE)
5.10%Retained earnings to average equity (YTD only)
0.09%Net charge-offs to loans
79.55%Credit loss provision to net charge-offs
21.52%Efficiency ratio
66,454Assets per employee
2.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.34%Loss allowance to loans
1.17%Loss allowance to noncurrent loans
94.66%Noncurrent assets plus other real estate owned to assets
1.33%Noncurrent loans to loans
1.24%Net loans and leases to deposits
86.86%Net loans and leases to core deposits
104.21%Equity capital to assets
9.90%Core capital (leverage) ratio
9.92%Tier 1 risk-based capital ratio
14.44%Total risk-based capital ratio
Memoranda
$16Average assets
$61,417Average earning assets
$5,779Average equity
$56,834Average loans
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