First Community Bank of Mercer County, Inc. in city_name, state_name

First Community Bank of Mercer County, Inc. in Princeton, West Virginia (WV)
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First Community Bank of Mercer County, Inc. - Overview

General
FDIC Certificate #: 34111
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Community Bank (#13012)
Federal Reserve ID: 2353595
Date Established: December 30, 1995
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 8 (Interstate: No)
OTS Docket #: 14198
FDIC's unique #: 56253
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: December 30, 1995
Last Structure Change Effective Date: April 30, 1999
Last Structure Change Process Date: May 19, 1999
Last Data Update: May 19, 1999
Data Source Date: April 05, 2012
Location
Address: 1001 Mercer Street, Princeton, WV 24740
County: Mercer
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
Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $439.8 mil

1992 - 1999 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, 1998)

Dollar figures in thousands
185Total employees (full-time equivalent)
$472,102Total assets
$64,238Cash and due from depository institutions
$50,518Interest-bearing balances
$98,034Securities
$25,275Federal funds sold & reverse repurchase agreements
$264,823Net loans & leases
$5,593Loan loss allowance
$0Trading account assets
$6,377Bank premises and fixed assets
$3,024Other real estate owned
$1,752Goodwill and other intangibles
$0Life insurance assets
$8,579All other assets
$472,102Total liabilities and capital
$428,487Total liabilities
$365,442Total deposits
$309,266Interest-bearing deposits
$365,442Deposits held in domestic offices
0.00%% insured (estimated)
$56,521Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$6,524All other liabilities
$43,615Total equity capital
$43,615Total bank equity capital
$43,615Perpetual preferred stock
$0Common stock
$9,360Surplus
$9,730Undivided profits
Memoranda
$24,525Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,807Earning assets
$94Long-term assets (5+ years)
$1,803Average Assets, year-to-date
$438,650Average Assets, quarterly
$106,510Volatile liabilities
$477,028Insider loans
$469,359FHLB advances
$111,767Loans and leases held for sale
$2,307Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,457Total risk weighted assets
$58,045Total unused commitments
$0Restructured Loans and leases
$306,568Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$36,895Total interest income
$17,632Total interest expense
$19,263Net interest income
$5,020Provision for loan and lease losses
$10,528Total noninterest income
$1,773Fiduciary activities
$1,168Service charges on deposit accounts
$0Trading account gains & fees
$7,587Additional noninterest income
$14,920Total noninterest expense
$5,871Salaries and employee benefits
$1,887Premises and equipment expense
$7,162Additional noninterest expense
$9,851Pre-tax net operating income
$0Securities gains (losses)
$2,596Applicable income taxes
$7,255Income before extraordinary items
$0Extraordinary gains - net
$7,255Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$4,621Sale, conversion, retirement of capital stock, net
$5,500Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.35%Yield on earning assets
3.99%Cost of funding earning assets
4.36%Net interest margin
2.38%Noninterest income to earning assets
3.38%Noninterest expense to earning assets
1.52%Net operating income to assets
1.52%Return on assets (ROA)
2.07%Pretax return on assets
16.71%Return on equity (ROE)
4.04%Retained earnings to average equity (YTD only)
1.53%Net charge-offs to loans
108.63%Credit loss provision to net charge-offs
3.22%Efficiency ratio
49,139Assets per employee
2.55%Cash dividends to net income (YTD only)
Condition Ratios (%)
75.81%Loss allowance to loans
2.07%Loss allowance to noncurrent loans
116.35%Noncurrent assets plus other real estate owned to assets
1.66%Noncurrent loans to loans
1.78%Net loans and leases to deposits
72.47%Net loans and leases to core deposits
85.37%Equity capital to assets
9.24%Core capital (leverage) ratio
8.92%Tier 1 risk-based capital ratio
13.57%Total risk-based capital ratio
Memoranda
$15Average assets
$477,028Average earning assets
$43,405Average equity
$442,050Average loans

First Community Bank of Mercer County, Inc. in Princeton, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank of Mercer County, Inc. - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

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

First Community Bank of Mercer County, Inc. in Princeton, West Virginia (WV)Overview, Financial Summary, Detailed Financial Reports, Branches

First Community Bank of Mercer County, Inc. - Overview

Assets and Liabilities (December 31, 1998)

Income and Expense (December 31, 1998)

Performance and Condition Ratios (December 31, 1998)

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

First Community Bank of Mercer County, Inc. in Princeton, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches