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

This bank is inactive as of October 24, 1994

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

General
FDIC Certificate #: 22527
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Wesbanco Bank Fairmont, Inc. (#6761)
Federal Reserve ID: 895130
Date Established: September 12, 1977
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 1 (Interstate: No)
FDIC's unique #: 15712
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: September 12, 1977
Last Structure Change Effective Date: October 24, 1994
Last Structure Change Process Date: December 15, 1994
Last Data Update: December 15, 1994
Data Source Date: April 05, 2012
Location
Address: Hartman Run Road And Route 7, Morgantown, WV 26505
County: Monongalia
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: $29.0 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)
$21Total assets
$29,193Cash and due from depository institutions
$2,063Interest-bearing balances
$100Securities
$5,275Federal funds sold & reverse repurchase agreements
$625Net loans & leases
$20,093Loan loss allowance
$206Trading account assets
$0Bank premises and fixed assets
$784Other real estate owned
$72Goodwill and other intangibles
$281Life insurance assets
$0All other assets
$0Total liabilities and capital
$29,193Total liabilities
$26,453Total deposits
$26,311Interest-bearing deposits
$21,308Deposits held in domestic offices
26311.00%% insured (estimated)
$96Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$142Total equity capital
$142Total bank equity capital
$2,740Perpetual preferred stock
$0Common stock
$500Surplus
$500Undivided profits
Memoranda
$1,740Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$33Income earned, not collected on loans
$82Earning assets
$26,093Long-term assets (5+ years)
$5,631Average Assets, year-to-date
$29,018Average Assets, quarterly
$29,232Volatile liabilities
$2,784Insider loans
$261FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$2,150Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$2,740Total risk weighted assets
$16,859Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1993)

Dollar figures in thousands
$0Total interest income
$2,176Total interest expense
$788Net interest income
$1,388Provision for loan and lease losses
$60Total noninterest income
$119Fiduciary activities
$0Service charges on deposit accounts
$87Trading account gains & fees
$0Additional noninterest income
$32Total noninterest expense
$1,057Salaries and employee benefits
$472Premises and equipment expense
$225Additional noninterest expense
$360Pre-tax net operating income
$390Securities gains (losses)
$0Applicable income taxes
$136Income before extraordinary items
$254Extraordinary gains - net
$0Net income attributable to bank
$254Net charge-offs
$0Cash dividends
$123Sale, 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
8.39%Cost of funding earning assets
3.04%Net interest margin
5.35%Noninterest income to earning assets
0.46%Noninterest expense to earning assets
4.08%Net operating income to assets
0.88%Return on assets (ROA)
0.88%Pretax return on assets
1.34%Return on equity (ROE)
9.46%Retained earnings to average equity (YTD only)
4.88%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
70,139Assets per employee
1.39%Cash dividends to net income (YTD only)
Condition Ratios (%)
48.43%Loss allowance to loans
1.01%Loss allowance to noncurrent loans
624.24%Noncurrent assets plus other real estate owned to assets
0.36%Noncurrent loans to loans
0.16%Net loans and leases to deposits
76.37%Net loans and leases to core deposits
85.40%Equity capital to assets
9.39%Core capital (leverage) ratio
9.19%Tier 1 risk-based capital ratio
16.25%Total risk-based capital ratio
Memoranda
$17Average assets
$29,018Average earning assets
$2,685Average equity
$25,937Average loans

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