Farmers and Merchants Bank of Ritchie County - Overview
General
FDIC Certificate #: 15840 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wesbanco Bank Parkersburg (#6174) Federal Reserve ID: 949323 Date Established: August 20, 1941 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 14140 FDIC's unique #: 10081 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: August 20, 1941 Last Structure Change Effective Date: April 01, 1998 Last Structure Change Process Date: April 14, 1998 Last Data Update: April 14, 1998 Data Source Date: April 05, 2012
Location
Address: 1500 East Main Street, Harrisville, WV 26362 County: Ritchie 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: $16.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
11Total employees (full-time equivalent)
$16,471Total assets
$931Cash and due from depository institutions
$513Interest-bearing balances
$1,815Securities
$1,400Federal funds sold & reverse repurchase agreements
$11,634Net loans & leases
$177Loan loss allowance
$0Trading account assets
$411Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$280All other assets
$16,471Total liabilities and capital
$15,065Total liabilities
$14,914Total deposits
$13,012Interest-bearing deposits
$14,914Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$151All other liabilities
$1,406Total equity capital
$1,406Total bank equity capital
$1,406Perpetual preferred stock
$0Common stock
$25Surplus
$300Undivided profits
Memoranda
$1,081Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$34Earning assets
$0Long-term assets (5+ years)
$74Average Assets, year-to-date
$15,362Average Assets, quarterly
$3,075Volatile liabilities
$16,014Insider loans
$16,332FHLB advances
$1,639Loans and leases held for sale
$166Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$458Total unused commitments
$0Restructured Loans and leases
$10,111Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$1,293Total interest income
$548Total interest expense
$745Net interest income
$59Provision for loan and lease losses
$98Total noninterest income
$0Fiduciary activities
$60Service charges on deposit accounts
$0Trading account gains & fees
$38Additional noninterest income
$549Total noninterest expense
$287Salaries and employee benefits
$75Premises and equipment expense
$187Additional noninterest expense
$235Pre-tax net operating income
$0Securities gains (losses)
$72Applicable income taxes
$163Income before extraordinary items
$0Extraordinary gains - net
$163Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$6Sale, conversion, retirement of capital stock, net
$112Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.64%Yield on earning assets
3.66%Cost of funding earning assets
4.98%Net interest margin
0.65%Noninterest income to earning assets
3.67%Noninterest expense to earning assets
1.02%Net operating income to assets
1.02%Return on assets (ROA)
1.47%Pretax return on assets
12.12%Return on equity (ROE)
3.79%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
983.33%Credit loss provision to net charge-offs
49.00%Efficiency ratio
65,125Assets per employee
1.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
68.71%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
520.59%Noncurrent assets plus other real estate owned to assets
0.21%Noncurrent loans to loans
0.29%Net loans and leases to deposits
78.01%Net loans and leases to core deposits
87.64%Equity capital to assets
8.54%Core capital (leverage) ratio
8.49%Tier 1 risk-based capital ratio
13.77%Total risk-based capital ratio
Memoranda
$15Average assets
$16,014Average earning assets
$1,345Average equity
$14,973Average loans
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