Peoples State Bank, National Association in Clarksburg, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 22, 1997

Peoples State Bank, National Association in Clarksburg, West Virginia (WV)
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Peoples State Bank, National Association - Overview

General
FDIC Certificate #: 838
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: City National Bank of West Virginia (#17735)
Federal Reserve ID: 633426
Date Established: January 01, 1919
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 #: 12101
FDIC's unique #: 524
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: January 01, 1934
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: 300 West Main Street, Clarksburg, WV 26301
County: Harrison
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): Clarksburg, WV (#17220)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $28.7 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)
$17Total assets
$20,834Cash and due from depository institutions
$353Interest-bearing balances
$0Securities
$288Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$18,985Loan loss allowance
$157Trading account assets
$0Bank premises and fixed assets
$1,011Other real estate owned
$0Goodwill and other intangibles
$197Life insurance assets
$0All other assets
$0Total liabilities and capital
$20,834Total liabilities
$18,753Total deposits
$10,316Interest-bearing deposits
$8,984Deposits held in domestic offices
10316.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$8,287Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$150Total equity capital
$150Total bank equity capital
$2,081Perpetual preferred stock
$0Common stock
$50Surplus
$5,743Undivided profits
Memoranda
$-3,712Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$8Income earned, not collected on loans
$142Earning assets
$19,273Long-term assets (5+ years)
$153Average Assets, year-to-date
$19,411Average Assets, quarterly
$21,984Volatile liabilities
$11,352Insider loans
$723FHLB advances
$0Loans and leases held for sale
$13Unused loan commitments
$2,441Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,081Total risk weighted assets
$16,186Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,837Total interest expense
$1,036Net interest income
$801Provision for loan and lease losses
$15Total noninterest income
$57Fiduciary activities
$0Service charges on deposit accounts
$37Trading account gains & fees
$0Additional noninterest income
$20Total noninterest expense
$901Salaries and employee benefits
$472Premises and equipment expense
$140Additional noninterest expense
$289Pre-tax net operating income
-$58Securities gains (losses)
$0Applicable income taxes
-$22Income before extraordinary items
-$36Extraordinary gains - net
$0Net income attributable to bank
-$36Net charge-offs
$8Cash dividends
$0Sale, 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
10.31%Cost of funding earning assets
5.82%Net interest margin
4.50%Noninterest income to earning assets
0.32%Noninterest expense to earning assets
5.06%Net operating income to assets
-0.19%Return on assets (ROA)
-0.19%Pretax return on assets
-0.30%Return on equity (ROE)
-1.71%Retained earnings to average equity (YTD only)
-1.71%Net charge-offs to loans
0.05%Credit loss provision to net charge-offs
187.50%Efficiency ratio
105,012Assets per employee
1.23%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.82%Loss allowance to noncurrent loans
1962.50%Noncurrent assets plus other real estate owned to assets
0.04%Noncurrent loans to loans
0.04%Net loans and leases to deposits
184.03%Net loans and leases to core deposits
261.83%Equity capital to assets
9.99%Core capital (leverage) ratio
9.30%Tier 1 risk-based capital ratio
12.86%Total risk-based capital ratio
Memoranda
$14Average assets
$19,411Average earning assets
$2,107Average equity
$17,810Average loans

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