Peoples Bank of Bluewell in Bluewell, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 03, 1995

Peoples Bank of Bluewell in Bluewell, West Virginia (WV)
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Peoples Bank of Bluewell - Overview

General
FDIC Certificate #: 19443
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Community Bank (#13012)
Federal Reserve ID: 813723
Date Established: June 07, 1965
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
OTS Docket #: 11310
FDIC's unique #: 13244
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: June 07, 1965
Last Structure Change Effective Date: January 03, 1995
Last Structure Change Process Date: Febuary 24, 1995
Last Data Update: Febuary 24, 1995
Data Source Date: April 05, 2012
Location
Address: Main Street, Bluewell, WV 24701
County: Mercer
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
Core Based Statistical Area (CBSA): Bluefield, WV-VA (#14140)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $44.6 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)
$17Total assets
$44,571Cash and due from depository institutions
$1,548Interest-bearing balances
$41Securities
$22,116Federal funds sold & reverse repurchase agreements
$93Net loans & leases
$19,630Loan loss allowance
$337Trading account assets
$0Bank premises and fixed assets
$336Other real estate owned
$7Goodwill and other intangibles
$841Life insurance assets
$0All other assets
$0Total liabilities and capital
$44,571Total liabilities
$40,182Total deposits
$39,829Interest-bearing deposits
$34,241Deposits held in domestic offices
39829.00%% insured (estimated)
$98Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$353Total equity capital
$353Total bank equity capital
$4,389Perpetual preferred stock
$0Common stock
$300Surplus
$300Undivided profits
Memoranda
$3,789Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$171Income earned, not collected on loans
$171Earning assets
$41,880Long-term assets (5+ years)
$13,403Average Assets, year-to-date
$44,485Average Assets, quarterly
$44,792Volatile liabilities
$1,850Insider loans
$530FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$914Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$4,417Total risk weighted assets
$19,578Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$3,371Total interest expense
$1,150Net interest income
$2,221Provision for loan and lease losses
$120Total noninterest income
$216Fiduciary activities
$0Service charges on deposit accounts
$167Trading account gains & fees
$0Additional noninterest income
$49Total noninterest expense
$1,169Salaries and employee benefits
$472Premises and equipment expense
$134Additional noninterest expense
$563Pre-tax net operating income
$1,148Securities gains (losses)
$0Applicable income taxes
$355Income before extraordinary items
$793Extraordinary gains - net
$0Net income attributable to bank
$793Net charge-offs
$110Cash dividends
$400Sale, 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
8.04%Cost of funding earning assets
2.74%Net interest margin
5.29%Noninterest income to earning assets
0.51%Noninterest expense to earning assets
2.79%Net operating income to assets
1.78%Return on assets (ROA)
1.78%Pretax return on assets
2.58%Return on equity (ROE)
18.78%Retained earnings to average equity (YTD only)
9.31%Net charge-offs to loans
0.56%Credit loss provision to net charge-offs
109.09%Efficiency ratio
47,969Assets per employee
2.62%Cash dividends to net income (YTD only)
Condition Ratios (%)
50.44%Loss allowance to loans
1.69%Loss allowance to noncurrent loans
197.08%Noncurrent assets plus other real estate owned to assets
0.40%Noncurrent loans to loans
0.86%Net loans and leases to deposits
49.29%Net loans and leases to core deposits
51.69%Equity capital to assets
9.85%Core capital (leverage) ratio
9.77%Tier 1 risk-based capital ratio
22.56%Total risk-based capital ratio
Memoranda
$24Average assets
$44,485Average earning assets
$4,223Average equity
$41,948Average loans

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