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

This bank is inactive as of October 04, 1996

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

General
FDIC Certificate #: 6747
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank Fairmont, Inc. (#6761)
Federal Reserve ID: 300821
Date Established: January 26, 1914
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 4 (Interstate: No)
FDIC's unique #: 4527
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: October 04, 1996
Last Structure Change Process Date: October 31, 1996
Last Data Update: October 31, 1996
Data Source Date: April 05, 2012
Location
Address: 106 West Main Street, Kingwood, WV 26537
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: $109.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$50Total assets
$104,439Cash and due from depository institutions
$2,891Interest-bearing balances
$104Securities
$41,224Federal funds sold & reverse repurchase agreements
$410Net loans & leases
$57,400Loan loss allowance
$982Trading account assets
$0Bank premises and fixed assets
$986Other real estate owned
$31Goodwill and other intangibles
$1,497Life insurance assets
$0All other assets
$0Total liabilities and capital
$104,439Total liabilities
$92,412Total deposits
$89,004Interest-bearing deposits
$77,589Deposits held in domestic offices
89004.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$1,816Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$1,592Total equity capital
$1,592Total bank equity capital
$12,027Perpetual preferred stock
$0Common stock
$1,000Surplus
$300Undivided profits
Memoranda
$10,727Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$560Income earned, not collected on loans
$326Earning assets
$99,138Long-term assets (5+ years)
$18,729Average Assets, year-to-date
$104,041Average Assets, quarterly
$105,113Volatile liabilities
$7,212Insider loans
$416FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$8,780Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$11,981Total risk weighted assets
$59,305Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$7,478Total interest expense
$3,248Net interest income
$4,230Provision for loan and lease losses
-$270Total noninterest income
$264Fiduciary activities
$5Service charges on deposit accounts
$166Trading account gains & fees
$0Additional noninterest income
$93Total noninterest expense
$2,489Salaries and employee benefits
$1,400Premises and equipment expense
$407Additional noninterest expense
$682Pre-tax net operating income
$2,275Securities gains (losses)
$11Applicable income taxes
$693Income before extraordinary items
$1,593Extraordinary gains - net
$0Net income attributable to bank
$1,593Net charge-offs
-$185Cash dividends
$2,040Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.58%Cost of funding earning assets
3.29%Net interest margin
4.29%Noninterest income to earning assets
0.27%Noninterest expense to earning assets
2.52%Net operating income to assets
1.52%Return on assets (ROA)
1.53%Pretax return on assets
2.20%Return on equity (ROE)
12.88%Retained earnings to average equity (YTD only)
-3.61%Net charge-offs to loans
-0.32%Credit loss provision to net charge-offs
145.95%Efficiency ratio
55,385Assets per employee
2.09%Cash dividends to net income (YTD only)
Condition Ratios (%)
128.06%Loss allowance to loans
1.68%Loss allowance to noncurrent loans
175.36%Noncurrent assets plus other real estate owned to assets
0.57%Noncurrent loans to loans
0.96%Net loans and leases to deposits
64.49%Net loans and leases to core deposits
68.65%Equity capital to assets
11.52%Core capital (leverage) ratio
11.37%Tier 1 risk-based capital ratio
20.20%Total risk-based capital ratio
Memoranda
$21Average assets
$104,041Average earning assets
$12,368Average equity
$98,636Average loans

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