FDIC Certificate #: 6759 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Grant County Bank (#11953) Federal Reserve ID: 353322 Date Established: December 20, 1892 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) FDIC's unique #: 4538 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: November 16, 2005 Last Structure Change Process Date: November 29, 2005 Last Data Update: November 29, 2005 Data Source Date: April 05, 2012
Location
Address: William Avenue, Davis, WV 26260 County: Tucker 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: $26.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
13Total employees (full-time equivalent)
$25,725Total assets
$1,152Cash and due from depository institutions
$0Interest-bearing balances
$10,287Securities
$4,735Federal funds sold & reverse repurchase agreements
$8,240Net loans & leases
$165Loan loss allowance
$0Trading account assets
$712Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$599All other assets
$25,725Total liabilities and capital
$24,029Total liabilities
$23,920Total deposits
$18,176Interest-bearing deposits
$23,920Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$109All other liabilities
$1,696Total equity capital
$1,696Total bank equity capital
$1,696Perpetual preferred stock
$0Common stock
$50Surplus
$200Undivided profits
Memoranda
$1,446Noncurrent loans and leases
$310Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$42Earning assets
$0Long-term assets (5+ years)
$152Average Assets, year-to-date
$23,262Average Assets, quarterly
$9,593Volatile liabilities
$25,263Insider loans
$25,661FHLB advances
$1,964Loans and leases held for sale
$297Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$310Total unused commitments
$0Restructured Loans and leases
$136Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$1,202Total interest income
$271Total interest expense
$931Net interest income
$15Provision for loan and lease losses
$101Total noninterest income
$0Fiduciary activities
$48Service charges on deposit accounts
$0Trading account gains & fees
$53Additional noninterest income
$889Total noninterest expense
$411Salaries and employee benefits
$183Premises and equipment expense
$295Additional noninterest expense
$128Pre-tax net operating income
-$29Securities gains (losses)
-$11Applicable income taxes
$110Income before extraordinary items
$0Extraordinary gains - net
$110Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$22Sale, conversion, retirement of capital stock, net
$25Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.27%Yield on earning assets
1.19%Cost of funding earning assets
4.08%Net interest margin
0.44%Noninterest income to earning assets
3.90%Noninterest expense to earning assets
0.55%Net operating income to assets
0.44%Return on assets (ROA)
0.39%Pretax return on assets
6.78%Return on equity (ROE)
5.24%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
68.18%Credit loss provision to net charge-offs
6.50%Efficiency ratio
86,143Assets per employee
1.98%Cash dividends to net income (YTD only)
Condition Ratios (%)
22.73%Loss allowance to loans
1.96%Loss allowance to noncurrent loans
392.86%Noncurrent assets plus other real estate owned to assets
0.16%Noncurrent loans to loans
0.50%Net loans and leases to deposits
34.45%Net loans and leases to core deposits
37.53%Equity capital to assets
6.59%Core capital (leverage) ratio
6.60%Tier 1 risk-based capital ratio
15.77%Total risk-based capital ratio
Memoranda
$17Average assets
$25,263Average earning assets
$1,623Average equity
$22,798Average loans
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