The Terra Alta Bank in Terra Alta, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 11, 2005

The Terra Alta Bank in Terra Alta, West Virginia (WV)
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The Terra Alta Bank - Overview

General
FDIC Certificate #: 15339
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Clear Mountain Bank (#2443)
Federal Reserve ID: 728733
Date Established: October 21, 1891
WWW: http://www.terraaltabank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
OTS Docket #: 14197
FDIC's unique #: 9671
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 16, 1936
Last Structure Change Effective Date: October 11, 2005
Last Structure Change Process Date: Febuary 15, 2006
Last Data Update: Febuary 15, 2006
Data Source Date: April 05, 2012
Location
Address: 1101 East State Street, Terra Alta, WV 26764
County: Preston
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): Morgantown, WV (#34060)
CBSA Metro Statistical Area: Morgantown, WV (#34060)
Financial Summary
Total assets: $75.2 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
24Total employees (full-time equivalent)
$72,963Total assets
$2,216Cash and due from depository institutions
$357Interest-bearing balances
$13,225Securities
$2,724Federal funds sold & reverse repurchase agreements
$53,281Net loans & leases
$517Loan loss allowance
$0Trading account assets
$608Bank premises and fixed assets
$30Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$879All other assets
$72,963Total liabilities and capital
$65,527Total liabilities
$61,401Total deposits
$49,421Interest-bearing deposits
$61,401Deposits held in domestic offices
0.00%% insured (estimated)
$3,962Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$164All other liabilities
$7,436Total equity capital
$7,436Total bank equity capital
$7,436Perpetual preferred stock
$0Common stock
$50Surplus
$400Undivided profits
Memoranda
$6,986Noncurrent loans and leases
$2,658Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$41Earning assets
$0Long-term assets (5+ years)
$296Average Assets, year-to-date
$69,587Average Assets, quarterly
$33,251Volatile liabilities
$70,761Insider loans
$72,690FHLB advances
$12,218Loans and leases held for sale
$118Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$2,658Total unused commitments
$227Restructured Loans and leases
$517Derivatives

Income and Expense (December 31, 2004)

Dollar figures in thousands
$4,018Total interest income
$1,291Total interest expense
$2,727Net interest income
$162Provision for loan and lease losses
$371Total noninterest income
$0Fiduciary activities
$267Service charges on deposit accounts
$0Trading account gains & fees
$104Additional noninterest income
$1,775Total noninterest expense
$977Salaries and employee benefits
$139Premises and equipment expense
$659Additional noninterest expense
$1,161Pre-tax net operating income
$27Securities gains (losses)
$430Applicable income taxes
$758Income before extraordinary items
$0Extraordinary gains - net
$758Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$93Sale, conversion, retirement of capital stock, net
$225Net operating income

Performance and Condition Ratios (December 31, 2004)

Dollar figures in thousands
Performance Ratios (%, annualized)
5.96%Yield on earning assets
1.92%Cost of funding earning assets
4.05%Net interest margin
0.55%Noninterest income to earning assets
2.63%Noninterest expense to earning assets
1.05%Net operating income to assets
1.07%Return on assets (ROA)
1.68%Pretax return on assets
10.40%Return on equity (ROE)
7.31%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
174.19%Credit loss provision to net charge-offs
14.23%Efficiency ratio
57,295Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.68%Loss allowance to loans
0.96%Loss allowance to noncurrent loans
1260.98%Noncurrent assets plus other real estate owned to assets
0.10%Noncurrent loans to loans
0.08%Net loans and leases to deposits
86.78%Net loans and leases to core deposits
100.26%Equity capital to assets
10.19%Core capital (leverage) ratio
10.16%Tier 1 risk-based capital ratio
16.33%Total risk-based capital ratio
Memoranda
$17Average assets
$70,761Average earning assets
$7,287Average equity
$67,396Average loans

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