Wesbanco Bank Fairmont, Inc. in city_name, state_name - Detailed Financial Reports, Location

Wesbanco Bank Fairmont, Inc. in Fairmont, West Virginia (WV)
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Wesbanco Bank Fairmont, Inc. - Overview

General
FDIC Certificate #: 6761
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank, Inc. (#803)
Federal Reserve ID: 487928
Date Established: November 01, 1933
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 20 (Interstate: No)
OTS Docket #: 10023
FDIC's unique #: 4540
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: January 15, 2000
Last Structure Change Process Date: March 29, 2000
Last Data Update: March 29, 2000
Data Source Date: April 05, 2012
Location
Address: 301 Adams Street, Fairmont, WV 26554
County: Marion
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
Combined Statistical Area (CSA): Fairmont-Clarksburg, WV (#242)
Core Based Statistical Area (CBSA): Fairmont, WV (#21900)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $583.9 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
261Total employees (full-time equivalent)
$583,934Total assets
$16,283Cash and due from depository institutions
$216Interest-bearing balances
$74,902Securities
$0Federal funds sold & reverse repurchase agreements
$453,052Net loans & leases
$5,980Loan loss allowance
$0Trading account assets
$12,491Bank premises and fixed assets
$578Other real estate owned
$15,872Goodwill and other intangibles
$0Life insurance assets
$10,756All other assets
$583,934Total liabilities and capital
$510,077Total liabilities
$442,686Total deposits
$387,265Interest-bearing deposits
$442,686Deposits held in domestic offices
0.00%% insured (estimated)
$35,245Federal funds purchased & repurchase agreements
$0Trading liabilities
$28,870Other borrowed funds
$0Subordinated debt
$3,276All other liabilities
$73,857Total equity capital
$73,857Total bank equity capital
$73,857Perpetual preferred stock
$0Common stock
$7,001Surplus
$32,403Undivided profits
Memoranda
$34,453Noncurrent loans and leases
$71,384Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,445Earning assets
$258Long-term assets (5+ years)
$5,649Average Assets, year-to-date
$528,170Average Assets, quarterly
$162,000Volatile liabilities
$552,786Insider loans
$579,520FHLB advances
$86,151Loans and leases held for sale
$5,887Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$71,384Total unused commitments
$0Restructured Loans and leases
$5,356Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$38,734Total interest income
$16,976Total interest expense
$21,758Net interest income
$1,196Provision for loan and lease losses
$3,202Total noninterest income
$294Fiduciary activities
$1,757Service charges on deposit accounts
$0Trading account gains & fees
$1,151Additional noninterest income
$15,303Total noninterest expense
$7,628Salaries and employee benefits
$2,019Premises and equipment expense
$5,656Additional noninterest expense
$8,461Pre-tax net operating income
$16Securities gains (losses)
$3,003Applicable income taxes
$5,474Income before extraordinary items
$0Extraordinary gains - net
$5,474Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$782Sale, conversion, retirement of capital stock, net
$3,600Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
7.69%Yield on earning assets
3.37%Cost of funding earning assets
4.32%Net interest margin
0.64%Noninterest income to earning assets
3.04%Noninterest expense to earning assets
0.99%Net operating income to assets
0.99%Return on assets (ROA)
1.53%Pretax return on assets
7.93%Return on equity (ROE)
2.71%Retained earnings to average equity (YTD only)
0.18%Net charge-offs to loans
152.94%Credit loss provision to net charge-offs
12.35%Efficiency ratio
57,628Assets per employee
2.24%Cash dividends to net income (YTD only)
Condition Ratios (%)
65.77%Loss allowance to loans
1.30%Loss allowance to noncurrent loans
134.53%Noncurrent assets plus other real estate owned to assets
0.86%Noncurrent loans to loans
0.97%Net loans and leases to deposits
102.34%Net loans and leases to core deposits
110.55%Equity capital to assets
12.65%Core capital (leverage) ratio
10.44%Tier 1 risk-based capital ratio
13.75%Total risk-based capital ratio
Memoranda
$15Average assets
$552,786Average earning assets
$69,051Average equity
$504,014Average loans

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

Wesbanco Bank Fairmont, Inc. - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

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

Wesbanco Bank Fairmont, Inc. - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

Comment about this bank, ask questions, or add new information about it:

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