FDIC Certificate #: 22436 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wesbanco Bank, Inc. (#803) Federal Reserve ID: 596222 Date Established: March 28, 1977 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) OTS Docket #: 11385 FDIC's unique #: 15635 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: March 28, 1977 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: Fourth And Main Streets, Paden City, WV 26159 County: Wetzel 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: $35.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
24Total employees (full-time equivalent)
$35,075Total assets
$1,398Cash and due from depository institutions
$911Interest-bearing balances
$5,900Securities
$1,375Federal funds sold & reverse repurchase agreements
$24,618Net loans & leases
$374Loan loss allowance
$0Trading account assets
$703Bank premises and fixed assets
$119Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$962All other assets
$35,075Total liabilities and capital
$31,956Total liabilities
$30,274Total deposits
$26,365Interest-bearing deposits
$30,274Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$1,000Other borrowed funds
$0Subordinated debt
$682All other liabilities
$3,119Total equity capital
$3,119Total bank equity capital
$3,119Perpetual preferred stock
$0Common stock
$300Surplus
$504Undivided profits
Memoranda
$2,315Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$65Earning assets
$43Long-term assets (5+ years)
$139Average Assets, year-to-date
$32,804Average Assets, quarterly
$8,115Volatile liabilities
$34,507Insider loans
$34,733FHLB advances
$2,865Loans and leases held for sale
$516Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,447Total unused commitments
$0Restructured Loans and leases
$26,194Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$2,914Total interest income
$1,119Total interest expense
$1,795Net interest income
$117Provision for loan and lease losses
$245Total noninterest income
$0Fiduciary activities
$140Service charges on deposit accounts
$0Trading account gains & fees
$105Additional noninterest income
$1,243Total noninterest expense
$600Salaries and employee benefits
$155Premises and equipment expense
$488Additional noninterest expense
$680Pre-tax net operating income
$0Securities gains (losses)
$221Applicable income taxes
$459Income before extraordinary items
$0Extraordinary gains - net
$459Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$33Sale, conversion, retirement of capital stock, net
$221Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.12%Yield on earning assets
3.50%Cost of funding earning assets
5.62%Net interest margin
0.77%Noninterest income to earning assets
3.89%Noninterest expense to earning assets
1.33%Net operating income to assets
1.33%Return on assets (ROA)
1.97%Pretax return on assets
15.42%Return on equity (ROE)
8.00%Retained earnings to average equity (YTD only)
0.14%Net charge-offs to loans
354.55%Credit loss provision to net charge-offs
24.15%Efficiency ratio
60,931Assets per employee
1.46%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.15%Loss allowance to loans
1.50%Loss allowance to noncurrent loans
575.38%Noncurrent assets plus other real estate owned to assets
0.52%Noncurrent loans to loans
0.26%Net loans and leases to deposits
81.32%Net loans and leases to core deposits
86.66%Equity capital to assets
8.89%Core capital (leverage) ratio
8.77%Tier 1 risk-based capital ratio
11.61%Total risk-based capital ratio
Memoranda
$13Average assets
$34,507Average earning assets
$2,977Average equity
$31,965Average loans
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