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

This bank is inactive as of March 27, 1993

Peoples Bank of Richwood, Inc. in Richwood, West Virginia (WV)
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Peoples Bank of Richwood, Inc. - Overview

General
FDIC Certificate #: 19761
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First Community Bank (#13012)
Federal Reserve ID: 2330
Date Established: October 30, 1967
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 13555
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: October 30, 1967
Last Structure Change Effective Date: March 27, 1993
Last Structure Change Process Date: May 11, 1993
Last Data Update: May 11, 1993
Data Source Date: April 05, 2012
Location
Address: 10-14 West Main Street, Richwood, WV 26261
County: Nicholas
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: $29.8 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$20Total assets
$29,848Cash and due from depository institutions
$2,088Interest-bearing balances
$666Securities
$10,753Federal funds sold & reverse repurchase agreements
$825Net loans & leases
$13,306Loan loss allowance
$439Trading account assets
$0Bank premises and fixed assets
$889Other real estate owned
$1,630Goodwill and other intangibles
$357Life insurance assets
$0All other assets
$0Total liabilities and capital
$29,848Total liabilities
$29,189Total deposits
$29,050Interest-bearing deposits
$25,342Deposits held in domestic offices
29050.00%% insured (estimated)
$100Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$139Total equity capital
$139Total bank equity capital
$659Perpetual preferred stock
$0Common stock
$181Surplus
$1,100Undivided profits
Memoranda
$-622Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$204Income earned, not collected on loans
$105Earning assets
$25,550Long-term assets (5+ years)
$581Average Assets, year-to-date
$32,700Average Assets, quarterly
$30,986Volatile liabilities
$1,071Insider loans
$5FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,011Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$659Total risk weighted assets
$15,027Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$2,532Total interest expense
$1,364Net interest income
$1,168Provision for loan and lease losses
$400Total noninterest income
$175Fiduciary activities
$0Service charges on deposit accounts
$71Trading account gains & fees
$0Additional noninterest income
$104Total noninterest expense
$1,675Salaries and employee benefits
$405Premises and equipment expense
$150Additional noninterest expense
$1,120Pre-tax net operating income
-$732Securities gains (losses)
$125Applicable income taxes
$0Income before extraordinary items
-$607Extraordinary gains - net
$0Net income attributable to bank
-$607Net charge-offs
$1,331Cash dividends
$0Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
9.02%Cost of funding earning assets
4.86%Net interest margin
4.16%Noninterest income to earning assets
0.62%Noninterest expense to earning assets
5.97%Net operating income to assets
-2.24%Return on assets (ROA)
-1.86%Pretax return on assets
-1.86%Return on equity (ROE)
-62.68%Retained earnings to average equity (YTD only)
-62.68%Net charge-offs to loans
8.17%Credit loss provision to net charge-offs
30.05%Efficiency ratio
124,721Assets per employee
1.49%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.19%Loss allowance to noncurrent loans
215.20%Noncurrent assets plus other real estate owned to assets
6.14%Noncurrent loans to loans
1.48%Net loans and leases to deposits
45.80%Net loans and leases to core deposits
47.56%Equity capital to assets
2.21%Core capital (leverage) ratio
2.12%Tier 1 risk-based capital ratio
4.39%Total risk-based capital ratio
Memoranda
$6Average assets
$32,700Average earning assets
$968Average equity
$28,080Average loans

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