Shenandoah Federal Savings Association in Martinsburg, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 15, 1993

  • Shenandoah Federal Savings Association in Martinsburg, West Virginia (WV)
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Shenandoah Federal Savings Association - Overview

  • General
  • FDIC Certificate #: 33594
    Status: Inactive
    Closing history: Conservatorship Institution Resolved
    Acquiring institution: Blue Ridge Bank, National Association (#33638)
    Federal Reserve ID: 507077
    Date Established: May 08, 1992
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 9975
    FDIC's unique #: 47572
    Numeric code: 38
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: May 08, 1992
    Last Structure Change Effective Date: October 15, 1993
    Last Structure Change Process Date: October 25, 1993
    Last Data Update: August 02, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 617 Winchester Avenue, Martinsburg, WV 25401
    County: Berkeley
    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
    Metropolitan Statistical Area (MSA): Washington, DC-MD-VA-WV (#8840)
    Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97)
    Core Based Statistical Area (CBSA): Hagerstown-Martinsburg, MD-WV (#25180)
    CBSA Metro Statistical Area: Hagerstown-Martinsburg, MD-WV (#25180)
  • History of Changes
  • Pass Through Receivership Merger
    Conservatorship Institution Resolved
  • Financial Summary
  • Total assets: $39.1 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $45Total assets
  • $53,572Cash and due from depository institutions
  • $26,354Interest-bearing balances
  • $25,203Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $15,252Loan loss allowance
  • $2,562Trading account assets
  • $0Bank premises and fixed assets
  • $1,489Other real estate owned
  • $1,958Goodwill and other intangibles
  • $8,510Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $53,572Total liabilities
  • $55,845Total deposits
  • $54,476Interest-bearing deposits
  • $51,649Deposits held in domestic offices
  • 54476.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $1,369Total equity capital
  • $1,369Total bank equity capital
  • $-2,273Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $0Undivided profits
  • Memoranda
  • $-2,273Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,911Income earned, not collected on loans
  • $131Earning assets
  • $40,455Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $66,043Average Assets, quarterly
  • $58,500Volatile liabilities
  • $2,759Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $181Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $-2,273Total risk weighted assets
  • $28,253Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $2,950Total interest expense
  • $2,221Net interest income
  • $729Provision for loan and lease losses
  • $383Total noninterest income
  • $1,151Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $1,151Total noninterest expense
  • $2,513Salaries and employee benefits
  • $815Premises and equipment expense
  • $594Additional noninterest expense
  • $1,104Pre-tax net operating income
  • -$1,016Securities gains (losses)
  • $518Applicable income taxes
  • $6Income before extraordinary items
  • -$504Extraordinary gains - net
  • $0Net income attributable to bank
  • -$504Net charge-offs
  • $452Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • -$1,765Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 5.33%Cost of funding earning assets
  • 4.01%Net interest margin
  • 1.32%Noninterest income to earning assets
  • 2.08%Noninterest expense to earning assets
  • 4.54%Net operating income to assets
  • -1.55%Return on assets (ROA)
  • -0.76%Pretax return on assets
  • -0.75%Return on equity (ROE)
  • 22.12%Retained earnings to average equity (YTD only)
  • 22.12%Net charge-offs to loans
  • 1.07%Credit loss provision to net charge-offs
  • 84.73%Efficiency ratio
  • 133,670Assets per employee
  • 1.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 14.38%Loss allowance to noncurrent loans
  • 52.17%Noncurrent assets plus other real estate owned to assets
  • 12.82%Noncurrent loans to loans
  • 27.57%Net loans and leases to deposits
  • 28.00%Net loans and leases to core deposits
  • 29.49%Equity capital to assets
  • -4.24%Core capital (leverage) ratio
  • -4.40%Tier 1 risk-based capital ratio
  • -8.05%Total risk-based capital ratio
  • Memoranda
  • -$8Average assets
  • $66,043Average earning assets
  • -$2,278Average equity
  • $55,379Average loans

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