FDIC Certificate #: 9031 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wesbanco Bank, Inc. (#803) Federal Reserve ID: 636324 Date Established: April 02, 1906 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 3 (Interstate: No) FDIC's unique #: 5772 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: April 01, 1998 Last Structure Change Process Date: April 08, 1998 Last Data Update: April 08, 1998 Data Source Date: April 05, 2012
Location
Address: 700 Marshall Street, Mcmechen, WV 26040 County: Marshall 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): Wheeling, WV-OH (#9000) Core Based Statistical Area (CBSA): Wheeling, WV-OH (#48540) CBSA Metro Statistical Area: Wheeling, WV-OH (#48540)
Financial Summary
Total assets: $30.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
21Total employees (full-time equivalent)
$30,533Total assets
$1,483Cash and due from depository institutions
$200Interest-bearing balances
$3,055Securities
$3,200Federal funds sold & reverse repurchase agreements
$21,760Net loans & leases
$332Loan loss allowance
$0Trading account assets
$706Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$329All other assets
$30,533Total liabilities and capital
$27,171Total liabilities
$27,037Total deposits
$23,989Interest-bearing deposits
$27,037Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$134All other liabilities
$3,362Total equity capital
$3,362Total bank equity capital
$3,362Perpetual preferred stock
$0Common stock
$594Surplus
$300Undivided profits
Memoranda
$2,468Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$182Earning assets
$0Long-term assets (5+ years)
$109Average Assets, year-to-date
$28,215Average Assets, quarterly
$13,838Volatile liabilities
$30,884Insider loans
$30,828FHLB advances
$100Loans and leases held for sale
$136Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$794Total unused commitments
$0Restructured Loans and leases
$18,180Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,302Total interest income
$806Total interest expense
$1,496Net interest income
$130Provision for loan and lease losses
$185Total noninterest income
$0Fiduciary activities
$132Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$1,156Total noninterest expense
$620Salaries and employee benefits
$147Premises and equipment expense
$389Additional noninterest expense
$395Pre-tax net operating income
$0Securities gains (losses)
$149Applicable income taxes
$246Income before extraordinary items
$0Extraordinary gains - net
$246Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$40Sale, conversion, retirement of capital stock, net
$45Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.07%Yield on earning assets
2.83%Cost of funding earning assets
5.25%Net interest margin
0.65%Noninterest income to earning assets
4.05%Noninterest expense to earning assets
0.80%Net operating income to assets
0.80%Return on assets (ROA)
1.28%Pretax return on assets
7.51%Return on equity (ROE)
6.14%Retained earnings to average equity (YTD only)
0.19%Net charge-offs to loans
325.00%Credit loss provision to net charge-offs
13.13%Efficiency ratio
68,769Assets per employee
1.45%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.29%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
182.42%Noncurrent assets plus other real estate owned to assets
0.60%Noncurrent loans to loans
0.82%Net loans and leases to deposits
80.48%Net loans and leases to core deposits
80.78%Equity capital to assets
11.01%Core capital (leverage) ratio
10.60%Tier 1 risk-based capital ratio
18.08%Total risk-based capital ratio
Memoranda
$19Average assets
$30,884Average earning assets
$3,275Average equity
$28,515Average loans
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