One Valley Bank of Ronceverte, National Association in Fairlea, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 26, 1998

One Valley Bank of Ronceverte, National Association in Fairlea, West Virginia (WV)
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One Valley Bank of Ronceverte, National Association - Overview

General
FDIC Certificate #: 6796
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: One Valley Bank - South, Inc. (#9027)
Federal Reserve ID: 7036
Date Established: January 01, 1900
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 14207
FDIC's unique #: 4568
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: No
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 26, 1998
Last Structure Change Process Date: October 29, 1998
Last Data Update: October 29, 1998
Data Source Date: April 05, 2012
Location
Address: Red Oaks Shopping Center, Inc., Fairlea, WV 24902
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: $144.7 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
48Total employees (full-time equivalent)
$139,956Total assets
$3,375Cash and due from depository institutions
$27Interest-bearing balances
$37,733Securities
$98Federal funds sold & reverse repurchase agreements
$95,805Net loans & leases
$1,458Loan loss allowance
$0Trading account assets
$1,172Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,773All other assets
$139,956Total liabilities and capital
$130,129Total liabilities
$121,698Total deposits
$109,905Interest-bearing deposits
$121,698Deposits held in domestic offices
0.00%% insured (estimated)
$7,776Federal funds purchased & repurchase agreements
$0Trading liabilities
$190Other borrowed funds
$0Subordinated debt
$465All other liabilities
$9,827Total equity capital
$9,827Total bank equity capital
$9,827Perpetual preferred stock
$0Common stock
$400Surplus
$1,860Undivided profits
Memoranda
$7,567Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$141Earning assets
$0Long-term assets (5+ years)
$700Average Assets, year-to-date
$133,663Average Assets, quarterly
$46,284Volatile liabilities
$138,268Insider loans
$139,779FHLB advances
$16,416Loans and leases held for sale
$3,385Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,836Total unused commitments
$0Restructured Loans and leases
$87,597Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$11,277Total interest income
$5,198Total interest expense
$6,079Net interest income
$298Provision for loan and lease losses
$858Total noninterest income
$0Fiduciary activities
$541Service charges on deposit accounts
$0Trading account gains & fees
$317Additional noninterest income
$2,873Total noninterest expense
$1,406Salaries and employee benefits
$301Premises and equipment expense
$1,166Additional noninterest expense
$3,766Pre-tax net operating income
$0Securities gains (losses)
$1,292Applicable income taxes
$2,474Income before extraordinary items
$0Extraordinary gains - net
$2,474Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$213Sale, conversion, retirement of capital stock, net
$2,000Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.56%Yield on earning assets
3.95%Cost of funding earning assets
4.62%Net interest margin
0.65%Noninterest income to earning assets
2.18%Noninterest expense to earning assets
1.79%Net operating income to assets
1.79%Return on assets (ROA)
2.72%Pretax return on assets
26.17%Return on equity (ROE)
5.01%Retained earnings to average equity (YTD only)
0.22%Net charge-offs to loans
139.91%Credit loss provision to net charge-offs
19.08%Efficiency ratio
41,416Assets per employee
2.92%Cash dividends to net income (YTD only)
Condition Ratios (%)
80.84%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
1034.04%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.14%Net loans and leases to deposits
78.72%Net loans and leases to core deposits
84.60%Equity capital to assets
7.02%Core capital (leverage) ratio
7.00%Tier 1 risk-based capital ratio
11.18%Total risk-based capital ratio
Memoranda
$12Average assets
$138,268Average earning assets
$9,452Average equity
$131,717Average loans

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