South Branch Valley National Bank of Moorefield in Moorefield, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of January 19, 2002

  • South Branch Valley National Bank of Moorefield in Moorefield, West Virginia (WV)
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South Branch Valley National Bank of Moorefield - Overview

  • General
  • FDIC Certificate #: 6780
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Summit Community Bank (#844)
    Federal Reserve ID: 771832
    Date Established: January 01, 1883
    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 #: 12034
    FDIC's unique #: 4557
    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: January 19, 2002
    Last Structure Change Process Date: April 26, 2002
    Last Data Update: April 26, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 310 North Main Street, Moorefield, WV 26836
    County: Hardy
    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: $188.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

2000 - 2011 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Historical total employees (full-time equivalent)

Assets and Liabilities (December 31, 2001)

  • Dollar figures in thousands
  • 37Total employees (full-time equivalent)
  • $188,171Total assets
  • $2,911Cash and due from depository institutions
  • $726Interest-bearing balances
  • $34,463Securities
  • $55Federal funds sold & reverse repurchase agreements
  • $141,204Net loans & leases
  • $1,450Loan loss allowance
  • $0Trading account assets
  • $3,362Bank premises and fixed assets
  • $81Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $6,095All other assets
  • $188,171Total liabilities and capital
  • $175,352Total liabilities
  • $115,555Total deposits
  • $101,195Interest-bearing deposits
  • $115,555Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $7,643Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $50,828Other borrowed funds
  • $0Subordinated debt
  • $1,326All other liabilities
  • $12,819Total equity capital
  • $12,819Total bank equity capital
  • $12,819Perpetual preferred stock
  • $0Common stock
  • $150Surplus
  • $1,462Undivided profits
  • Memoranda
  • $11,207Noncurrent loans and leases
  • $13,805Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $342Earning assets
  • $0Long-term assets (5+ years)
  • $1,039Average Assets, year-to-date
  • $176,448Average Assets, quarterly
  • $95,249Volatile liabilities
  • $171,966Insider loans
  • $182,215FHLB advances
  • $24,078Loans and leases held for sale
  • $6,596Unused loan commitments
  • $50,828Tier 1 (core) risk-based capital
  • $26,956Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $13,805Total unused commitments
  • $0Restructured Loans and leases
  • $1,450Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $13,255Total interest income
  • $6,605Total interest expense
  • $6,650Net interest income
  • $235Provision for loan and lease losses
  • $532Total noninterest income
  • $24Fiduciary activities
  • $337Service charges on deposit accounts
  • $0Trading account gains & fees
  • $171Additional noninterest income
  • $3,380Total noninterest expense
  • $1,242Salaries and employee benefits
  • $364Premises and equipment expense
  • $1,774Additional noninterest expense
  • $3,567Pre-tax net operating income
  • $14Securities gains (losses)
  • $1,174Applicable income taxes
  • $2,407Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,407Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $76Sale, conversion, retirement of capital stock, net
  • $1,300Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.23%Yield on earning assets
  • 4.10%Cost of funding earning assets
  • 4.13%Net interest margin
  • 0.33%Noninterest income to earning assets
  • 2.10%Noninterest expense to earning assets
  • 1.39%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 2.08%Pretax return on assets
  • 19.47%Return on equity (ROE)
  • 8.96%Retained earnings to average equity (YTD only)
  • 0.06%Net charge-offs to loans
  • 309.21%Credit loss provision to net charge-offs
  • 50.03%Efficiency ratio
  • 47,062Assets per employee
  • 5.09%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.01%Loss allowance to loans
  • 1.02%Loss allowance to noncurrent loans
  • 423.98%Noncurrent assets plus other real estate owned to assets
  • 0.22%Noncurrent loans to loans
  • 0.24%Net loans and leases to deposits
  • 122.20%Net loans and leases to core deposits
  • 139.99%Equity capital to assets
  • 6.81%Core capital (leverage) ratio
  • 7.02%Tier 1 risk-based capital ratio
  • 9.30%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $171,966Average earning assets
  • $12,360Average equity
  • $161,114Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $1,079Managed Assets
  • 1Number of Accounts
  • $1,079Personal trust and agency accounts
  • $1,079Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 9Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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