The Sunshine Bank of Wheeling, Inc. in Wheeling, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 02, 1994

The Sunshine Bank of Wheeling, Inc. in Wheeling, West Virginia (WV)
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The Sunshine Bank of Wheeling, Inc. - Overview

General
FDIC Certificate #: 19400
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: One Valley Bank - North, Inc. (#14306)
Federal Reserve ID: 643528
Date Established: April 05, 1965
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 3 (Interstate: No)
FDIC's unique #: 13205
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: April 05, 1965
Last Structure Change Effective Date: May 02, 1994
Last Structure Change Process Date: May 18, 1994
Last Data Update: May 18, 1994
Data Source Date: April 05, 2012
Location
Address: 12th And Main Streets, Wheeling, WV 26003
County: Ohio
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: $63.3 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

Dollar figures in thousands
0Total employees (full-time equivalent)
$27Total assets
$64,174Cash and due from depository institutions
$1,875Interest-bearing balances
$99Securities
$11,640Federal funds sold & reverse repurchase agreements
$1,350Net loans & leases
$47,722Loan loss allowance
$848Trading account assets
$0Bank premises and fixed assets
$922Other real estate owned
$0Goodwill and other intangibles
$665Life insurance assets
$0All other assets
$0Total liabilities and capital
$64,174Total liabilities
$58,894Total deposits
$51,192Interest-bearing deposits
$43,414Deposits held in domestic offices
51192.00%% insured (estimated)
$91Federal funds purchased & repurchase agreements
$3,899Trading liabilities
$0Other borrowed funds
$3,593Subordinated debt
$0All other liabilities
$210Total equity capital
$210Total bank equity capital
$5,280Perpetual preferred stock
$0Common stock
$300Surplus
$844Undivided profits
Memoranda
$4,136Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$414Income earned, not collected on loans
$189Earning assets
$60,811Long-term assets (5+ years)
$3,270Average Assets, year-to-date
$63,822Average Assets, quarterly
$63,981Volatile liabilities
$10,079Insider loans
$3,146FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$3,605Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,280Total risk weighted assets
$51,193Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$4,800Total interest expense
$1,886Net interest income
$2,914Provision for loan and lease losses
$290Total noninterest income
$255Fiduciary activities
$0Service charges on deposit accounts
$189Trading account gains & fees
$0Additional noninterest income
$66Total noninterest expense
$1,760Salaries and employee benefits
$841Premises and equipment expense
$216Additional noninterest expense
$703Pre-tax net operating income
$1,119Securities gains (losses)
$0Applicable income taxes
$408Income before extraordinary items
$711Extraordinary gains - net
-$2Net income attributable to bank
$709Net charge-offs
$42Cash dividends
$90Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1993)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.94%Cost of funding earning assets
3.12%Net interest margin
4.82%Noninterest income to earning assets
0.42%Noninterest expense to earning assets
2.91%Net operating income to assets
1.11%Return on assets (ROA)
1.11%Pretax return on assets
1.75%Return on equity (ROE)
14.18%Retained earnings to average equity (YTD only)
12.38%Net charge-offs to loans
0.09%Credit loss provision to net charge-offs
690.48%Efficiency ratio
55,538Assets per employee
2.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.69%Loss allowance to loans
1.75%Loss allowance to noncurrent loans
204.83%Noncurrent assets plus other real estate owned to assets
0.65%Noncurrent loans to loans
0.85%Net loans and leases to deposits
93.22%Net loans and leases to core deposits
98.18%Equity capital to assets
8.23%Core capital (leverage) ratio
8.39%Tier 1 risk-based capital ratio
10.31%Total risk-based capital ratio
Memoranda
$12Average assets
$63,822Average earning assets
$5,000Average equity
$60,478Average loans

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