First National Bank in Marlinton in Marlinton, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 12, 1999

First National Bank in Marlinton in Marlinton, West Virginia (WV)
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First National Bank in Marlinton - Overview

General
FDIC Certificate #: 6774
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: City National Bank of West Virginia (#17735)
Federal Reserve ID: 762139
Date Established: January 01, 1933
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 4551
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: April 12, 1999
Last Structure Change Process Date: May 14, 1999
Last Data Update: May 14, 1999
Data Source Date: April 05, 2012
Location
Address: 306 Eighth Street, Marlinton, WV 24954
County: Pocahontas
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: $83.4 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
23Total employees (full-time equivalent)
$77,921Total assets
$2,299Cash and due from depository institutions
$0Interest-bearing balances
$12,215Securities
$0Federal funds sold & reverse repurchase agreements
$60,326Net loans & leases
$659Loan loss allowance
$0Trading account assets
$2,052Bank premises and fixed assets
$92Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$937All other assets
$77,921Total liabilities and capital
$70,085Total liabilities
$61,059Total deposits
$51,121Interest-bearing deposits
$61,059Deposits held in domestic offices
0.00%% insured (estimated)
$6,739Federal funds purchased & repurchase agreements
$0Trading liabilities
$2,000Other borrowed funds
$0Subordinated debt
$287All other liabilities
$7,836Total equity capital
$7,836Total bank equity capital
$7,836Perpetual preferred stock
$0Common stock
$400Surplus
$500Undivided profits
Memoranda
$6,936Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$431Earning assets
$0Long-term assets (5+ years)
$422Average Assets, year-to-date
$72,541Average Assets, quarterly
$10,357Volatile liabilities
$75,492Insider loans
$77,933FHLB advances
$16,731Loans and leases held for sale
$864Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,858Total unused commitments
$0Restructured Loans and leases
$56,496Derivatives

Income and Expense (December 31, 1998)

Dollar figures in thousands
$6,071Total interest income
$2,829Total interest expense
$3,242Net interest income
$145Provision for loan and lease losses
$448Total noninterest income
$0Fiduciary activities
$256Service charges on deposit accounts
$0Trading account gains & fees
$192Additional noninterest income
$1,855Total noninterest expense
$883Salaries and employee benefits
$243Premises and equipment expense
$729Additional noninterest expense
$1,690Pre-tax net operating income
$0Securities gains (losses)
$629Applicable income taxes
$1,061Income before extraordinary items
$0Extraordinary gains - net
$1,061Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$151Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1998)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.60%Yield on earning assets
4.01%Cost of funding earning assets
4.59%Net interest margin
0.63%Noninterest income to earning assets
2.63%Noninterest expense to earning assets
1.41%Net operating income to assets
1.41%Return on assets (ROA)
2.24%Pretax return on assets
14.56%Return on equity (ROE)
14.56%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
96.03%Credit loss provision to net charge-offs
12.15%Efficiency ratio
50,271Assets per employee
3.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.08%Loss allowance to noncurrent loans
152.90%Noncurrent assets plus other real estate owned to assets
0.67%Noncurrent loans to loans
0.71%Net loans and leases to deposits
98.80%Net loans and leases to core deposits
118.13%Equity capital to assets
10.06%Core capital (leverage) ratio
9.90%Tier 1 risk-based capital ratio
13.82%Total risk-based capital ratio
Memoranda
$15Average assets
$75,492Average earning assets
$7,289Average equity
$70,562Average loans

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