First State Bank and Trust, National Association in Rainelle, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 22, 1997

First State Bank and Trust, National Association in Rainelle, West Virginia (WV)
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First State Bank and Trust, National Association - Overview

General
FDIC Certificate #: 21172
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: City National Bank of West Virginia (#17735)
Federal Reserve ID: 967532
Date Established: July 26, 1973
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 7 (Interstate: No)
OTS Docket #: 12106
FDIC's unique #: 14638
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: July 26, 1973
Last Structure Change Effective Date: December 22, 1997
Last Structure Change Process Date: January 07, 1998
Last Data Update: January 07, 1998
Data Source Date: April 05, 2012
Location
Address: 1218 Main Street, Rainelle, WV 25962
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: $105.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$55Total assets
$81,708Cash and due from depository institutions
$6,271Interest-bearing balances
$13Securities
$8,103Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$63,078Loan loss allowance
$573Trading account assets
$0Bank premises and fixed assets
$2,972Other real estate owned
$120Goodwill and other intangibles
$1,164Life insurance assets
$0All other assets
$0Total liabilities and capital
$81,708Total liabilities
$74,940Total deposits
$74,261Interest-bearing deposits
$61,302Deposits held in domestic offices
74261.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$150Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$529Total equity capital
$529Total bank equity capital
$6,768Perpetual preferred stock
$0Common stock
$240Surplus
$1,571Undivided profits
Memoranda
$4,957Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$887Income earned, not collected on loans
$333Earning assets
$71,194Long-term assets (5+ years)
$21,870Average Assets, year-to-date
$85,217Average Assets, quarterly
$86,444Volatile liabilities
$9,758Insider loans
$4,228FHLB advances
$0Loans and leases held for sale
$20Unused loan commitments
$1,288Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,783Total risk weighted assets
$56,262Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$6,968Total interest expense
$2,909Net interest income
$4,059Provision for loan and lease losses
$347Total noninterest income
$615Fiduciary activities
$0Service charges on deposit accounts
$145Trading account gains & fees
$0Additional noninterest income
$470Total noninterest expense
$2,758Salaries and employee benefits
$1,151Premises and equipment expense
$496Additional noninterest expense
$1,111Pre-tax net operating income
$1,569Securities gains (losses)
$9Applicable income taxes
$547Income before extraordinary items
$1,031Extraordinary gains - net
$0Net income attributable to bank
$1,031Net charge-offs
$163Cash dividends
$250Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.19%Cost of funding earning assets
3.84%Net interest margin
5.35%Noninterest income to earning assets
0.81%Noninterest expense to earning assets
3.64%Net operating income to assets
1.20%Return on assets (ROA)
1.21%Pretax return on assets
1.85%Return on equity (ROE)
16.30%Retained earnings to average equity (YTD only)
12.35%Net charge-offs to loans
0.25%Credit loss provision to net charge-offs
212.88%Efficiency ratio
59,007Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.25%Loss allowance to loans
0.90%Loss allowance to noncurrent loans
64.60%Noncurrent assets plus other real estate owned to assets
1.23%Noncurrent loans to loans
1.39%Net loans and leases to deposits
84.94%Net loans and leases to core deposits
97.56%Equity capital to assets
8.28%Core capital (leverage) ratio
7.72%Tier 1 risk-based capital ratio
12.06%Total risk-based capital ratio
Memoranda
$13Average assets
$85,217Average earning assets
$6,324Average equity
$75,837Average loans

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