Steel Valley Bank, National Association - Overview
General
FDIC Certificate #: 13918 Status: Inactive Closing history: Participated in Reorganization Acquiring institution:Ameribank, Inc. (#6782) Federal Reserve ID: 875619 Date Established: January 01, 1901 WWW:http://www.steelvalleybank.com 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 #: 15679 FDIC's unique #: 8704 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: Febuary 17, 1934 Last Structure Change Effective Date: January 03, 2005 Last Structure Change Process Date: January 26, 2005 Last Data Update: January 26, 2005 Data Source Date: April 05, 2012
Location
Address: Main Street, Dillonvale, OH 43917 County: Jefferson Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Columbus Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Steubenville-Weirton, OH-WV (#8080) Core Based Statistical Area (CBSA): Steubenville-Weirton, OH-WV (#44600) CBSA Metro Statistical Area: Steubenville-Weirton, OH-WV (#44600)
History of Changes
Merger - Without Assistance
Participated in Reorganization
Financial Summary
Total assets: $51.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
25Total employees (full-time equivalent)
$51,413Total assets
$13,607Cash and due from depository institutions
$11,000Interest-bearing balances
$54Securities
$2,489Federal funds sold & reverse repurchase agreements
$32,770Net loans & leases
$1,006Loan loss allowance
$0Trading account assets
$1,201Bank premises and fixed assets
$140Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,152All other assets
$51,413Total liabilities and capital
$46,112Total liabilities
$44,814Total deposits
$35,691Interest-bearing deposits
$44,814Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$298All other liabilities
$5,301Total equity capital
$5,301Total bank equity capital
$5,301Perpetual preferred stock
$1,195Common stock
$305Surplus
$2,455Undivided profits
Memoranda
$1,346Noncurrent loans and leases
$3,365Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,863Earning assets
$216Long-term assets (5+ years)
$210Average Assets, year-to-date
$46,313Average Assets, quarterly
$8,718Volatile liabilities
$54,315Insider loans
$52,830FHLB advances
$7,971Loans and leases held for sale
$906Unused loan commitments
$1,000Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,365Total unused commitments
$9Restructured Loans and leases
$459Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$2,886Total interest income
$965Total interest expense
$1,921Net interest income
$309Provision for loan and lease losses
$422Total noninterest income
$0Fiduciary activities
$228Service charges on deposit accounts
$0Trading account gains & fees
$194Additional noninterest income
$2,781Total noninterest expense
$1,048Salaries and employee benefits
$240Premises and equipment expense
$1,493Additional noninterest expense
-$747Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$747Income before extraordinary items
$0Extraordinary gains - net
-$747Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$155Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.87%Yield on earning assets
1.96%Cost of funding earning assets
3.91%Net interest margin
0.86%Noninterest income to earning assets
5.66%Noninterest expense to earning assets
-1.38%Net operating income to assets
-1.38%Return on assets (ROA)
-1.38%Pretax return on assets
-12.80%Return on equity (ROE)
-12.80%Retained earnings to average equity (YTD only)
0.43%Net charge-offs to loans
199.35%Credit loss provision to net charge-offs
-2.83%Efficiency ratio
118,694Assets per employee
2.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.98%Loss allowance to noncurrent loans
54.00%Noncurrent assets plus other real estate owned to assets
3.90%Noncurrent loans to loans
5.52%Net loans and leases to deposits
73.12%Net loans and leases to core deposits
86.59%Equity capital to assets
10.31%Core capital (leverage) ratio
9.61%Tier 1 risk-based capital ratio
14.12%Total risk-based capital ratio
Memoranda
$15Average assets
$54,315Average earning assets
$5,837Average equity
$49,156Average loans
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