Bank One, West Virginia, Charles Town in Charles Town, West Virginia (WV)
Table of contents:
| Bank One, West Virginia, Charles Town | |
|---|---|
| General | FDIC Certificate #: 9028 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: Bank One, West Virginia, National Association (#6768) Federal Reserve ID: 638122 Date Established: May 08, 1906 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 2 (Interstate: No) FDIC's unique #: 5769 Numeric code: 13 Regulator: FED 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: September 30, 1994 Last Structure Change Process Date: October 13, 1994 Last Data Update: October 13, 1994 Data Source Date: April 05, 2012 |
| Location | Address: West Washington Street, Charles Town, WV 25414 County: Jefferson 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): Washington, DC-MD-VA-WV (#8840) Consolidated Metropolitan Statistical Area (CMSA): Washington-Baltimore, DC-MD-VA-WV (#97) Combined Statistical Area (CSA): Washington-Baltimore-Northern Virginia, DC-MD-VA-WV (#548) Core Based Statistical Area (CBSA): Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) CBSA Metro Statistical Area: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47900) Core Based Statistical Division: Washington-Arlington-Alexandria, DC-VA-MD-WV (#47894) |
| Financial Summary | Total assets: $73.8 mil |
| Assets and Liabilities (December 31, 1993) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $43 |
| Cash and due from depository institutions | $71,729 |
| Interest-bearing balances | $3,096 |
| Securities | $0 |
| Federal funds sold & reverse repurchase agreements | $22,596 |
| Net loans & leases | $0 |
| Loan loss allowance | $43,598 |
| Trading account assets | $1,360 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $1,632 |
| Goodwill and other intangibles | $0 |
| All other assets | $79 |
| Life insurance assets | $728 |
| Total liabilities and capital | $0 |
| Total liabilities | $71,729 |
| Total deposits | $66,963 |
| Interest-bearing deposits | $54,176 |
| Deposits held in domestic offices | $50,429 |
| % insured (estimated) | 54176.00% |
| Federal funds purchased & repurchase agreements | $93 |
| Trading liabilities | $12,480 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $0 |
| Total equity capital | $307 |
| Total bank equity capital | $307 |
| Perpetual preferred stock | $4,766 |
| Common stock | $0 |
| Surplus | $295 |
| Undivided profits | $4,227 |
| Memoranda | |
| Noncurrent loans and leases | $244 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $821 |
| Earning assets | $315 |
| Long-term assets (5+ years) | $66,194 |
| Average Assets, year-to-date | $12,631 |
| Average Assets, quarterly | $66,710 |
| Volatile liabilities | $70,306 |
| Insider loans | $14,179 |
| FHLB advances | $1,819 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $5,630 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $4,687 |
| Total unused commitments | $47,455 |
| Restructured Loans and leases | $0 |
| Derivatives | $2,500 |
| Income and Expense (December 31, 1993) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $4,905 |
| Net interest income | $2,144 |
| Provision for loan and lease losses | $2,761 |
| Total noninterest income | $90 |
| Fiduciary activities | $362 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $147 |
| Additional noninterest income | $0 |
| Total noninterest expense | $215 |
| Salaries and employee benefits | $2,357 |
| Premises and equipment expense | $1,089 |
| Additional noninterest expense | $263 |
| Pre-tax net operating income | $1,005 |
| Securities gains (losses) | $676 |
| Applicable income taxes | $0 |
| Income before extraordinary items | $272 |
| Extraordinary gains - net | $404 |
| Net income attributable to bank | $0 |
| Net charge-offs | $404 |
| Cash dividends | $39 |
| Sale, conversion, retirement of capital stock, net | $174 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1993) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 7.97% |
| Net interest margin | 3.48% |
| Noninterest income to earning assets | 4.48% |
| Noninterest expense to earning assets | 0.59% |
| Net operating income to assets | 3.83% |
| Return on assets (ROA) | 0.61% |
| Pretax return on assets | 0.61% |
| Return on equity (ROE) | 1.01% |
| Retained earnings to average equity (YTD only) | 8.65% |
| Net charge-offs to loans | 4.92% |
| Credit loss provision to net charge-offs | 0.10% |
| Efficiency ratio | 230.77% |
| Assets per employee | $74,640 |
| Cash dividends to net income (YTD only) | 1.67% |
| Condition Ratios (%) | |
| Loss allowance to loans | 43.07% |
| Loss allowance to noncurrent loans | 3.03% |
| Noncurrent assets plus other real estate owned to assets | 165.65% |
| Noncurrent loans to loans | 1.14% |
| Net loans and leases to deposits | 1.83% |
| Net loans and leases to core deposits | 80.47% |
| Equity capital to assets | 83.08% |
| Core capital (leverage) ratio | 6.64% |
| Tier 1 risk-based capital ratio | 6.66% |
| Total risk-based capital ratio | 9.88% |
| Memoranda | |
| Average assets | $11 |
| Average earning assets | $66,710 |
| Average equity | $4,671 |
| Average loans | $61,573 |
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