FDIC Certificate #: 6798 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Union Bank, Inc. (#16620) Federal Reserve ID: 840532 Date Established: January 01, 1899 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) OTS Docket #: 12283 FDIC's unique #: 4570 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: September 15, 2007 Last Structure Change Process Date: September 28, 2007 Last Data Update: September 28, 2007 Data Source Date: April 05, 2012
Location
Address: 401 Second Street, St. Marys, WV 26170 County: Pleasants 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 Core Based Statistical Area (CBSA): Parkersburg-Marietta-Vienna, WV-OH (#37620) CBSA Metro Statistical Area: Parkersburg-Marietta-Vienna, WV-OH (#37620)
Financial Summary
Total assets: $36.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
17Total employees (full-time equivalent)
$34,532Total assets
$1,605Cash and due from depository institutions
$30Interest-bearing balances
$6,087Securities
$423Federal funds sold & reverse repurchase agreements
$25,191Net loans & leases
$358Loan loss allowance
$0Trading account assets
$733Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$493All other assets
$34,532Total liabilities and capital
$30,797Total liabilities
$30,595Total deposits
$24,471Interest-bearing deposits
$30,595Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$202All other liabilities
$3,735Total equity capital
$3,735Total bank equity capital
$3,735Perpetual preferred stock
$0Common stock
$100Surplus
$350Undivided profits
Memoranda
$3,285Noncurrent loans and leases
$560Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$840Earning assets
$0Long-term assets (5+ years)
$163Average Assets, year-to-date
$31,731Average Assets, quarterly
$19,226Volatile liabilities
$34,565Insider loans
$34,436FHLB advances
$2,713Loans and leases held for sale
$843Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$560Total unused commitments
$0Restructured Loans and leases
$276Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$2,191Total interest income
$524Total interest expense
$1,667Net interest income
$0Provision for loan and lease losses
$283Total noninterest income
$0Fiduciary activities
$103Service charges on deposit accounts
$0Trading account gains & fees
$180Additional noninterest income
$1,558Total noninterest expense
$687Salaries and employee benefits
$115Premises and equipment expense
$756Additional noninterest expense
$392Pre-tax net operating income
-$18Securities gains (losses)
$83Applicable income taxes
$291Income before extraordinary items
$0Extraordinary gains - net
$291Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$170Sale, conversion, retirement of capital stock, net
$100Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.95%Yield on earning assets
1.66%Cost of funding earning assets
5.28%Net interest margin
0.90%Noninterest income to earning assets
4.94%Noninterest expense to earning assets
0.88%Net operating income to assets
0.84%Return on assets (ROA)
1.08%Pretax return on assets
8.09%Return on equity (ROE)
5.31%Retained earnings to average equity (YTD only)
0.69%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
2.31%Efficiency ratio
79,897Assets per employee
2.03%Cash dividends to net income (YTD only)
Condition Ratios (%)
34.36%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
42.62%Noncurrent assets plus other real estate owned to assets
2.43%Noncurrent loans to loans
3.29%Net loans and leases to deposits
82.34%Net loans and leases to core deposits
90.35%Equity capital to assets
10.82%Core capital (leverage) ratio
11.15%Tier 1 risk-based capital ratio
17.00%Total risk-based capital ratio
Memoranda
$18Average assets
$34,565Average earning assets
$3,599Average equity
$31,543Average loans
Total Fiduciary and Related Assets (December 31, 2006)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$245Managed Assets
1Number of Accounts
$245Personal trust and agency accounts
$0Employee 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
$245Non-managed Assets
1Number 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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