Commerce Bank, Man, Inc. in Man, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 19, 1993

Commerce Bank, Man, Inc. in Man, West Virginia (WV)
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Commerce Bank, Man, Inc. - Overview

General
FDIC Certificate #: 17129
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Huntington Bank Charleston National Association (#6755)
Federal Reserve ID: 105839
Date Established: July 15, 1952
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 11172
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 15, 1952
Last Structure Change Effective Date: August 19, 1993
Last Structure Change Process Date: September 02, 1993
Last Data Update: September 02, 1993
Data Source Date: April 05, 2012
Location
Address: 105 Market Street, Man, WV 25635
County: Logan
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: $59.2 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$31Total assets
$59,525Cash and due from depository institutions
$2,746Interest-bearing balances
$0Securities
$30,858Federal funds sold & reverse repurchase agreements
$2,729Net loans & leases
$20,967Loan loss allowance
$449Trading account assets
$0Bank premises and fixed assets
$1,203Other real estate owned
$259Goodwill and other intangibles
$763Life insurance assets
$0All other assets
$0Total liabilities and capital
$59,525Total liabilities
$52,158Total deposits
$51,648Interest-bearing deposits
$45,484Deposits held in domestic offices
51648.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$288Subordinated debt
$0All other liabilities
$222Total equity capital
$222Total bank equity capital
$7,367Perpetual preferred stock
$0Common stock
$225Surplus
$488Undivided profits
Memoranda
$6,654Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$6Income earned, not collected on loans
$116Earning assets
$54,554Long-term assets (5+ years)
$12,808Average Assets, year-to-date
$58,192Average Assets, quarterly
$58,864Volatile liabilities
$3,619Insider loans
$59FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$962Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$7,367Total risk weighted assets
$22,195Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$4,645Total interest expense
$2,004Net interest income
$2,641Provision for loan and lease losses
$190Total noninterest income
$277Fiduciary activities
$0Service charges on deposit accounts
$165Trading account gains & fees
$0Additional noninterest income
$112Total noninterest expense
$1,628Salaries and employee benefits
$837Premises and equipment expense
$191Additional noninterest expense
$600Pre-tax net operating income
$1,100Securities gains (losses)
$0Applicable income taxes
$374Income before extraordinary items
$726Extraordinary gains - net
$0Net income attributable to bank
$726Net charge-offs
$27Cash dividends
$774Sale, 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
8.64%Cost of funding earning assets
3.73%Net interest margin
4.92%Noninterest income to earning assets
0.52%Noninterest expense to earning assets
3.03%Net operating income to assets
1.25%Return on assets (ROA)
1.25%Pretax return on assets
1.89%Return on equity (ROE)
9.80%Retained earnings to average equity (YTD only)
-0.65%Net charge-offs to loans
0.13%Credit loss provision to net charge-offs
703.70%Efficiency ratio
55,792Assets per employee
1.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
106.61%Loss allowance to loans
2.10%Loss allowance to noncurrent loans
7483.33%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.03%Net loans and leases to deposits
40.60%Net loans and leases to core deposits
43.39%Equity capital to assets
12.38%Core capital (leverage) ratio
12.50%Tier 1 risk-based capital ratio
33.19%Total risk-based capital ratio
Memoranda
$34Average assets
$58,192Average earning assets
$7,406Average equity
$53,731Average loans

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