FDIC Certificate #: 20107 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sky Bank (#14641) Federal Reserve ID: 666527 Date Established: January 02, 1970 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) OTS Docket #: 10683 FDIC's unique #: 13811 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 02, 1970 Last Structure Change Effective Date: July 17, 1998 Last Structure Change Process Date: August 12, 1998 Last Data Update: August 12, 1998 Data Source Date: April 05, 2012
Location
Address: 253 Carolina Avenue, Chester, WV 26034 County: Hancock Quarterly Banking Profile Region: Atlanta FDIC Geographic Region: Atlanta FDIC Supervisory Region: Chicago FDIC Field Office: Scott Depot Office of the Comptroller the Currency (OCC) District: Northeast Office of Thrift Supervision Region: Northeast Metropolitan Statistical Area (MSA): Steubenville-Weirton, OH-WV (#8080) Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600) CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
Financial Summary
Total assets: $34.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
17Total employees (full-time equivalent)
$32,482Total assets
$1,083Cash and due from depository institutions
$43Interest-bearing balances
$21,382Securities
$375Federal funds sold & reverse repurchase agreements
$8,361Net loans & leases
$75Loan loss allowance
$0Trading account assets
$428Bank premises and fixed assets
$0Other real estate owned
$356Goodwill and other intangibles
$0Life insurance assets
$497All other assets
$32,482Total liabilities and capital
$28,519Total liabilities
$21,822Total deposits
$18,987Interest-bearing deposits
$21,822Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,250Other borrowed funds
$0Subordinated debt
$447All other liabilities
$3,963Total equity capital
$3,963Total bank equity capital
$3,963Perpetual preferred stock
$0Common stock
$250Surplus
$2,450Undivided profits
Memoranda
$1,263Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$49Earning assets
$0Long-term assets (5+ years)
$67Average Assets, year-to-date
$30,161Average Assets, quarterly
$8,760Volatile liabilities
$32,103Insider loans
$32,450FHLB advances
$5,582Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$85Total unused commitments
$0Restructured Loans and leases
$13,165Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,286Total interest income
$1,148Total interest expense
$1,138Net interest income
$26Provision for loan and lease losses
$466Total noninterest income
$0Fiduciary activities
$110Service charges on deposit accounts
$0Trading account gains & fees
$356Additional noninterest income
$1,000Total noninterest expense
$543Salaries and employee benefits
$83Premises and equipment expense
$374Additional noninterest expense
$578Pre-tax net operating income
$0Securities gains (losses)
$234Applicable income taxes
$344Income before extraordinary items
$0Extraordinary gains - net
$344Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$11Sale, conversion, retirement of capital stock, net
$250Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.66%Yield on earning assets
3.85%Cost of funding earning assets
3.81%Net interest margin
1.56%Noninterest income to earning assets
3.35%Noninterest expense to earning assets
1.07%Net operating income to assets
1.07%Return on assets (ROA)
1.80%Pretax return on assets
8.72%Return on equity (ROE)
2.38%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
236.36%Credit loss provision to net charge-offs
54.91%Efficiency ratio
59,165Assets per employee
1.91%Cash dividends to net income (YTD only)
Condition Ratios (%)
72.67%Loss allowance to loans
0.89%Loss allowance to noncurrent loans
153.06%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.58%Net loans and leases to deposits
38.31%Net loans and leases to core deposits
39.83%Equity capital to assets
12.20%Core capital (leverage) ratio
10.86%Tier 1 risk-based capital ratio
27.05%Total risk-based capital ratio
Memoranda
$28Average assets
$32,103Average earning assets
$3,946Average equity
$29,847Average loans
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