One Valley Bank of Marion County, National Association in Fairmont, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 07, 1995

One Valley Bank of Marion County, National Association in Fairmont, West Virginia (WV)
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One Valley Bank of Marion County, National Association - Overview

General
FDIC Certificate #: 15711
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: One Valley Bank, Inc. (#12658)
Federal Reserve ID: 482129
Date Established: December 26, 1939
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 9251
FDIC's unique #: 9975
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: December 26, 1939
Last Structure Change Effective Date: October 07, 1995
Last Structure Change Process Date: October 24, 1995
Last Data Update: October 24, 1995
Data Source Date: April 05, 2012
Location
Address: 120 Fairmont Avenue, Fairmont, WV 26554
County: Marion
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
Combined Statistical Area (CSA): Fairmont-Clarksburg, WV (#242)
Core Based Statistical Area (CBSA): Fairmont, WV (#21900)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $154.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$93Total assets
$160,634Cash and due from depository institutions
$6,434Interest-bearing balances
$41Securities
$69,411Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$78,631Loan loss allowance
$1,431Trading account assets
$0Bank premises and fixed assets
$2,206Other real estate owned
$0Goodwill and other intangibles
$3,952Life insurance assets
$0All other assets
$0Total liabilities and capital
$160,634Total liabilities
$149,264Total deposits
$128,971Interest-bearing deposits
$115,461Deposits held in domestic offices
128971.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$3,440Trading liabilities
$0Other borrowed funds
$15,124Subordinated debt
$0All other liabilities
$1,729Total equity capital
$1,729Total bank equity capital
$11,370Perpetual preferred stock
$0Common stock
$1,563Surplus
$2,498Undivided profits
Memoranda
$7,309Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$721Income earned, not collected on loans
$353Earning assets
$148,083Long-term assets (5+ years)
$60,844Average Assets, year-to-date
$157,450Average Assets, quarterly
$159,946Volatile liabilities
$18,148Insider loans
$843FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,442Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$12,567Total risk weighted assets
$84,997Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$10,726Total interest expense
$3,710Net interest income
$7,016Provision for loan and lease losses
$45Total noninterest income
$843Fiduciary activities
$28Service charges on deposit accounts
$276Trading account gains & fees
$0Additional noninterest income
$539Total noninterest expense
$4,770Salaries and employee benefits
$2,284Premises and equipment expense
$722Additional noninterest expense
$1,764Pre-tax net operating income
$3,044Securities gains (losses)
$3Applicable income taxes
$868Income before extraordinary items
$2,179Extraordinary gains - net
$0Net income attributable to bank
$2,179Net charge-offs
$73Cash dividends
$2,005Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.37%Cost of funding earning assets
2.55%Net interest margin
4.82%Noninterest income to earning assets
0.58%Noninterest expense to earning assets
3.28%Net operating income to assets
1.38%Return on assets (ROA)
1.38%Pretax return on assets
1.94%Return on equity (ROE)
18.45%Retained earnings to average equity (YTD only)
1.47%Net charge-offs to loans
0.10%Credit loss provision to net charge-offs
61.64%Efficiency ratio
60,695Assets per employee
1.73%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.01%Loss allowance to loans
1.79%Loss allowance to noncurrent loans
198.47%Noncurrent assets plus other real estate owned to assets
0.45%Noncurrent loans to loans
0.90%Net loans and leases to deposits
60.97%Net loans and leases to core deposits
62.46%Equity capital to assets
7.08%Core capital (leverage) ratio
7.93%Tier 1 risk-based capital ratio
14.79%Total risk-based capital ratio
Memoranda
$16Average assets
$157,450Average earning assets
$11,811Average equity
$145,602Average loans

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