FDIC Certificate #: 57514 Status: Active Federal Reserve ID: 3189634 Date Established: June 02, 2003 WWW:http://www.fbofc.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) FDIC's unique #: 364626 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: Commercial Lending Specialization Date of Deposit Insurance: June 02, 2003 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: 201 Pennsylvania Avenue, Charleston, WV 25362 County: Kanawha 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 Metropolitan Statistical Area (MSA): Charleston, WV (#1480) Core Based Statistical Area (CBSA): Charleston, WV (#16620) CBSA Metro Statistical Area: Charleston, WV (#16620)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $184.3 mil Equity capital: $19.6 mil Deposits held in domestic offices: $143.5 mil Return on assets (ROA): 1.17% ($2.2 mil) Quarterly return on assets: 1.38% ($2.5 mil) Return on Equity (ROE): 10.74% ($2.1 mil) Quarterly return on equity: 12.73% ($2.5 mil) Net income: $2.0 mil Quarterly Net income: $0.6 mil Pretax return on assets: 1.95% ($3,593.5 mil) Quarterly Pretax return on assets: 2.11% ($3,888.4 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$184,282Total assets
$3,028Cash and due from depository institutions
$0Interest-bearing balances
$44,185Securities
$0Federal funds sold & reverse repurchase agreements
$129,529Net loans & leases
$1,690Loan loss allowance
$0Trading account assets
$4,867Bank premises and fixed assets
$43Other real estate owned
$0Goodwill and other intangibles
$184,282Life insurance assets
$2,630All other assets
$164,655Total liabilities and capital
$143,510Total liabilities
$131,890Total deposits
$143,510Interest-bearing deposits
$92Deposits held in domestic offices
4712.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$15,795Trading liabilities
$0Other borrowed funds
$638Subordinated debt
$19,627All other liabilities
$19,627Total equity capital
$19,627Total bank equity capital
$3,345Perpetual preferred stock
$819Common stock
$11,088Surplus
$4,375Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,307Income earned, not collected on loans
$0Earning assets
$685Long-term assets (5+ years)
$173,714Average Assets, year-to-date
$30,371Average Assets, quarterly
$173,858Volatile liabilities
$179,471Insider loans
$140,926FHLB advances
$178,836Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$19,394Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$2,108Restructured Loans and leases
$6,169Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$8,920Total interest income
$1,891Total interest expense
$7,029Net interest income
$1,050Provision for loan and lease losses
$575Total noninterest income
$0Fiduciary activities
$135Service charges on deposit accounts
$0Trading account gains & fees
$440Additional noninterest income
$3,163Total noninterest expense
$1,678Salaries and employee benefits
$570Premises and equipment expense
$915Additional noninterest expense
$3,391Pre-tax net operating income
-$2Securities gains (losses)
$1,360Applicable income taxes
$2,029Income before extraordinary items
$0Extraordinary gains - net
$2,029Net income attributable to bank
$0Net charge-offs
$2,029Cash dividends
$1,182Sale, conversion, retirement of capital stock, net
$485Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.46%Yield on earning assets
1.16%Cost of funding earning assets
4.30%Net interest margin
0.35%Noninterest income to earning assets
1.94%Noninterest expense to earning assets
1.17%Net operating income to assets
1.17%Return on assets (ROA)
1.95%Pretax return on assets
10.74%Return on equity (ROE)
8.17%Retained earnings to average equity (YTD only)
0.91%Net charge-offs to loans
88.83%Credit loss provision to net charge-offs
3.76%Efficiency ratio
41,597Assets per employee
7.68%Cash dividends to net income (YTD only)
Condition Ratios (%)
23.90%Loss allowance to loans
1.29%Loss allowance to noncurrent loans
129.30%Noncurrent assets plus other real estate owned to assets
0.73%Noncurrent loans to loans
1.00%Net loans and leases to deposits
90.26%Net loans and leases to core deposits
124.52%Equity capital to assets
10.65%Core capital (leverage) ratio
10.84%Tier 1 risk-based capital ratio
13.76%Total risk-based capital ratio
Memoranda
$15Average assets
$173,858Average earning assets
$18,889Average equity
$163,437Average loans
List of branches
1 West Virginia Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
364626
First Bank Of Charleston, Inc.
201 Pennsylvania Avenue, Charleston, WV 25362
June 02, 2003
Full Service Brick and Mortar
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