Wesbanco Bank Elm Grove, Inc. in Wheeling, West Virginia (WV)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 17, 1995

Wesbanco Bank Elm Grove, Inc. in Wheeling, West Virginia (WV)
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Wesbanco Bank Elm Grove, Inc. - Overview

General
FDIC Certificate #: 6744
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank, Inc. (#803)
Federal Reserve ID: 602226
Date Established: January 01, 1907
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 2 (Interstate: No)
FDIC's unique #: 4525
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 01, 1934
Last Structure Change Effective Date: Febuary 17, 1995
Last Structure Change Process Date: March 07, 1995
Last Data Update: March 07, 1995
Data Source Date: April 05, 2012
Location
Address: 2207 National Road, 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: $152.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

Dollar figures in thousands
0Total employees (full-time equivalent)
$53Total assets
$152,509Cash and due from depository institutions
$5,088Interest-bearing balances
$0Securities
$53,838Federal funds sold & reverse repurchase agreements
$1,980Net loans & leases
$88,462Loan loss allowance
$1,398Trading account assets
$0Bank premises and fixed assets
$472Other real estate owned
$200Goodwill and other intangibles
$2,469Life insurance assets
$0All other assets
$0Total liabilities and capital
$152,509Total liabilities
$135,473Total deposits
$115,134Interest-bearing deposits
$104,042Deposits held in domestic offices
115134.00%% insured (estimated)
$88Federal funds purchased & repurchase agreements
$18,474Trading liabilities
$0Other borrowed funds
$715Subordinated debt
$0All other liabilities
$1,150Total equity capital
$1,150Total bank equity capital
$17,036Perpetual preferred stock
$0Common stock
$1,000Surplus
$1,530Undivided profits
Memoranda
$14,506Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$774Income earned, not collected on loans
$461Earning assets
$144,280Long-term assets (5+ years)
$21,929Average Assets, year-to-date
$155,567Average Assets, quarterly
$153,808Volatile liabilities
$28,063Insider loans
$3,813FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$6,780Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$17,659Total risk weighted assets
$85,191Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1994)

Dollar figures in thousands
$0Total interest income
$10,592Total interest expense
$4,316Net interest income
$6,276Provision for loan and lease losses
$416Total noninterest income
$379Fiduciary activities
$6Service charges on deposit accounts
$215Trading account gains & fees
$0Additional noninterest income
$158Total noninterest expense
$2,856Salaries and employee benefits
$1,307Premises and equipment expense
$329Additional noninterest expense
$1,220Pre-tax net operating income
$3,383Securities gains (losses)
$51Applicable income taxes
$1,017Income before extraordinary items
$2,417Extraordinary gains - net
$0Net income attributable to bank
$2,417Net charge-offs
$441Cash dividends
$1,790Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1994)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.19%Cost of funding earning assets
2.93%Net interest margin
4.26%Noninterest income to earning assets
0.26%Noninterest expense to earning assets
1.94%Net operating income to assets
1.53%Return on assets (ROA)
1.55%Pretax return on assets
2.21%Return on equity (ROE)
14.19%Retained earnings to average equity (YTD only)
3.68%Net charge-offs to loans
0.50%Credit loss provision to net charge-offs
94.33%Efficiency ratio
42,915Assets per employee
2.88%Cash dividends to net income (YTD only)
Condition Ratios (%)
74.06%Loss allowance to loans
1.56%Loss allowance to noncurrent loans
180.62%Noncurrent assets plus other real estate owned to assets
0.64%Noncurrent loans to loans
0.86%Net loans and leases to deposits
76.83%Net loans and leases to core deposits
83.25%Equity capital to assets
11.17%Core capital (leverage) ratio
11.46%Tier 1 risk-based capital ratio
20.73%Total risk-based capital ratio
Memoranda
$22Average assets
$155,567Average earning assets
$17,039Average equity
$147,352Average loans

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