Peoples National Bank in Point Pleasant, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 22, 1997

Peoples National Bank in Point Pleasant, West Virginia (WV)
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Peoples National Bank - Overview

General
FDIC Certificate #: 19476
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: City National Bank of West Virginia (#17735)
Federal Reserve ID: 1016138
Date Established: September 01, 1965
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 #: 11868
FDIC's unique #: 13276
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: September 01, 1965
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: 2212 Jackson Avenue, Point Pleasant, WV 25550
County: Mason
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): Point Pleasant, WV-OH (#38580)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $153.7 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)
$60Total assets
$122,006Cash and due from depository institutions
$2,964Interest-bearing balances
$19Securities
$20,879Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$93,944Loan loss allowance
$922Trading account assets
$0Bank premises and fixed assets
$1,439Other real estate owned
$0Goodwill and other intangibles
$2,704Life insurance assets
$76All other assets
$0Total liabilities and capital
$122,006Total liabilities
$111,984Total deposits
$106,392Interest-bearing deposits
$94,574Deposits held in domestic offices
106392.00%% insured (estimated)
$95Federal funds purchased & repurchase agreements
$3,701Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,891Total equity capital
$1,891Total bank equity capital
$10,022Perpetual preferred stock
$0Common stock
$1,250Surplus
$1,750Undivided profits
Memoranda
$7,022Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$882Income earned, not collected on loans
$596Earning assets
$114,842Long-term assets (5+ years)
$16,067Average Assets, year-to-date
$120,145Average Assets, quarterly
$121,545Volatile liabilities
$13,786Insider loans
$7,689FHLB advances
$0Loans and leases held for sale
$21Unused loan commitments
$5,972Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$9,833Total risk weighted assets
$87,978Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$11,069Total interest expense
$4,640Net interest income
$6,429Provision for loan and lease losses
$150Total noninterest income
$750Fiduciary activities
$0Service charges on deposit accounts
$478Trading account gains & fees
$0Additional noninterest income
$272Total noninterest expense
$3,624Salaries and employee benefits
$1,938Premises and equipment expense
$389Additional noninterest expense
$1,297Pre-tax net operating income
$3,405Securities gains (losses)
$12Applicable income taxes
$1,236Income before extraordinary items
$2,181Extraordinary gains - net
$0Net income attributable to bank
$2,181Net charge-offs
$141Cash dividends
$880Sale, 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
9.85%Cost of funding earning assets
4.13%Net interest margin
5.72%Noninterest income to earning assets
0.67%Noninterest expense to earning assets
3.22%Net operating income to assets
1.81%Return on assets (ROA)
1.82%Pretax return on assets
2.84%Return on equity (ROE)
23.80%Retained earnings to average equity (YTD only)
14.20%Net charge-offs to loans
0.15%Credit loss provision to net charge-offs
106.38%Efficiency ratio
50,174Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.35%Loss allowance to loans
0.97%Loss allowance to noncurrent loans
104.54%Noncurrent assets plus other real estate owned to assets
0.72%Noncurrent loans to loans
0.93%Net loans and leases to deposits
88.30%Net loans and leases to core deposits
97.55%Equity capital to assets
8.21%Core capital (leverage) ratio
7.74%Tier 1 risk-based capital ratio
11.18%Total risk-based capital ratio
Memoranda
$12Average assets
$120,145Average earning assets
$9,165Average equity
$112,383Average loans

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