First Empire Federal Savings and Loan Association in Charleston, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 1996

First Empire Federal Savings and Loan Association in Charleston, West Virginia (WV)
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First Empire Federal Savings and Loan Association - Overview

General
FDIC Certificate #: 29280
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: United Bank (#6784)
Federal Reserve ID: 232173
Date Established: January 01, 1934
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 3216
FDIC's unique #: 42114
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: March 20, 1935
Last Structure Change Effective Date: April 12, 1996
Last Structure Change Process Date: April 25, 1996
Last Data Update: April 25, 1996
Data Source Date: April 05, 2012
Location
Address: 227 Capitol Street, Charleston, WV 25301
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)
Financial Summary
Total assets: $396.4 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$127Total assets
$398,393Cash and due from depository institutions
$23,444Interest-bearing balances
$16,502Securities
$8,046Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$356,452Loan loss allowance
$2,528Trading account assets
$0Bank premises and fixed assets
$4,191Other real estate owned
$34Goodwill and other intangibles
$5,841Life insurance assets
$385All other assets
$0Total liabilities and capital
$398,393Total liabilities
$363,089Total deposits
$318,311Interest-bearing deposits
$288,135Deposits held in domestic offices
318311.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$41,597Subordinated debt
$0All other liabilities
$3,181Total equity capital
$3,181Total bank equity capital
$35,304Perpetual preferred stock
$0Common stock
$100Surplus
$2,900Undivided profits
Memoranda
$32,304Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$1,901Income earned, not collected on loans
$1,659Earning assets
$381,000Long-term assets (5+ years)
$0Average Assets, year-to-date
$388,047Average Assets, quarterly
$388,804Volatile liabilities
$77,767Insider loans
$215FHLB advances
$41,597Loans and leases held for sale
$0Unused loan commitments
$9,456Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$35,192Total risk weighted assets
$218,314Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$28,887Total interest expense
$15,395Net interest income
$13,492Provision for loan and lease losses
$245Total noninterest income
$1,622Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$0Additional noninterest income
$1,622Total noninterest expense
$8,051Salaries and employee benefits
$3,766Premises and equipment expense
$2,181Additional noninterest expense
$2,104Pre-tax net operating income
$6,818Securities gains (losses)
$1,012Applicable income taxes
$2,544Income before extraordinary items
$5,286Extraordinary gains - net
$0Net income attributable to bank
$5,286Net charge-offs
$14Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.78%Cost of funding earning assets
4.15%Net interest margin
3.63%Noninterest income to earning assets
0.44%Noninterest expense to earning assets
2.17%Net operating income to assets
1.18%Return on assets (ROA)
1.36%Pretax return on assets
2.02%Return on equity (ROE)
16.17%Retained earnings to average equity (YTD only)
16.17%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
1750.00%Efficiency ratio
53,268Assets per employee
3.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.70%Loss allowance to noncurrent loans
132.98%Noncurrent assets plus other real estate owned to assets
0.49%Noncurrent loans to loans
0.53%Net loans and leases to deposits
111.98%Net loans and leases to core deposits
126.34%Equity capital to assets
8.86%Core capital (leverage) ratio
8.84%Tier 1 risk-based capital ratio
16.12%Total risk-based capital ratio
Memoranda
$17Average assets
$388,047Average earning assets
$32,698Average equity
$371,403Average loans

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