First Citizens Bank & Trust Company in White Sulphur Springs, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 16, 1998

First Citizens Bank & Trust Company in White Sulphur Springs, West Virginia (WV)
Show street view No street view available for this location

First Citizens Bank & Trust Company - Overview

General
FDIC Certificate #: 10003
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First-Citizens Bank & Trust Company (#11063)
Federal Reserve ID: 794831
Date Established: November 01, 1906
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 6393
Numeric code: 13
Regulator: FED
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: January 01, 1934
Last Structure Change Effective Date: October 16, 1998
Last Structure Change Process Date: Febuary 03, 1999
Last Data Update: Febuary 03, 1999
Data Source Date: April 05, 2012
Location
Address: 1 East Main Street, White Sulphur Springs, WV 24986
County: Greenbrier
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: $126.5 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
56Total employees (full-time equivalent)
$123,069Total assets
$5,755Cash and due from depository institutions
$0Interest-bearing balances
$33,948Securities
$5,815Federal funds sold & reverse repurchase agreements
$72,456Net loans & leases
$1,810Loan loss allowance
$0Trading account assets
$2,981Bank premises and fixed assets
$190Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,924All other assets
$123,069Total liabilities and capital
$110,547Total liabilities
$108,072Total deposits
$92,268Interest-bearing deposits
$108,072Deposits held in domestic offices
0.00%% insured (estimated)
$1,181Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,294All other liabilities
$12,522Total equity capital
$12,522Total bank equity capital
$12,522Perpetual preferred stock
$0Common stock
$525Surplus
$9,907Undivided profits
Memoranda
$2,090Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$537Earning assets
$0Long-term assets (5+ years)
$921Average Assets, year-to-date
$112,219Average Assets, quarterly
$9,407Volatile liabilities
$91,276Insider loans
$125,998FHLB advances
$8,995Loans and leases held for sale
$241Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,537Total unused commitments
$0Restructured Loans and leases
$71,939Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$6,190Total interest income
$2,888Total interest expense
$3,302Net interest income
$0Provision for loan and lease losses
$395Total noninterest income
$36Fiduciary activities
$243Service charges on deposit accounts
$0Trading account gains & fees
$116Additional noninterest income
$3,155Total noninterest expense
$1,453Salaries and employee benefits
$415Premises and equipment expense
$1,287Additional noninterest expense
$542Pre-tax net operating income
$0Securities gains (losses)
$356Applicable income taxes
$186Income before extraordinary items
$0Extraordinary gains - net
$186Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$9Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.84%Yield on earning assets
3.66%Cost of funding earning assets
4.18%Net interest margin
0.50%Noninterest income to earning assets
4.00%Noninterest expense to earning assets
0.20%Net operating income to assets
0.20%Return on assets (ROA)
0.59%Pretax return on assets
1.45%Return on equity (ROE)
1.45%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
60.22%Efficiency ratio
75,223Assets per employee
2.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.44%Loss allowance to noncurrent loans
337.06%Noncurrent assets plus other real estate owned to assets
0.59%Noncurrent loans to loans
0.72%Net loans and leases to deposits
67.04%Net loans and leases to core deposits
72.27%Equity capital to assets
10.17%Core capital (leverage) ratio
10.11%Tier 1 risk-based capital ratio
17.41%Total risk-based capital ratio
Memoranda
$19Average assets
$91,276Average earning assets
$12,827Average equity
$78,973Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Citizens Bank & Trust Company.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.