City National Bank of West Virginia in Cross Lanes, West Virginia (WV), KY, OH



 

City National Bank of West Virginia
GeneralFDIC Certificate #: 17735
Status: Active
Federal Reserve ID: 1011526
Bank Holding Company (Regulatory Top Holder): City Holding Company (RSSDID: 1076262, Location: Charleston, WV)
Date Established: 1957-04-01
WWW: http://www.citynational-bank.com
Trust Powers Granted: Yes
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 71 (Domestic: 71, Interstate: Yes)
OTS Docket #: 11051
FDIC's unique #: 11692
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: 1957-04-01
Last Structure Change Effective Date: 2006-04-01
Last Structure Change Process Date: 2008-01-10
Last Data Update: 2008-01-10
Data Source Date: 2009-05-14
LocationAddress: 25 Gatewater Road, Cross Lanes, WV 25313
County: Kanawha
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: Southwest
Office of Thrift Supervision Region: Northeast
Metropolitan Statistical Area (MSA): Charleston, WV (#1480)
Core Based Statistical Area (CBSA): Charleston, WV (#16620)
CBSA Metro Statistical Area: Charleston, WV (#16620)
History of ChangesChange in Location
Financial SummaryTotal assets: $2,552.9 mil
Equity capital: $229.7 mil
Deposits held in domestic offices: $2,042.5 mil
Return on assets (ROA): 1.14% ($29.1 mil)
Quarterly return on assets: 0.69% ($17.6 mil)
Return on Equity (ROE): 11.80% ($27.1 mil)
Quarterly return on equity: 7.64% ($17.6 mil)
Net income: $28.2 mil
Quarterly Net income: $4.3 mil
Pretax return on assets: 1.56% ($39,825.5 mil)
Quarterly Pretax return on assets: 1.02% ($26,039.7 mil)

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

2000 - 2008 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, 2008)
(Dollar figures in thousands)
Total employees (full-time equivalent)826
Total assets$2,552,914
Cash and due from depository institutions$58,491
Interest-bearing balances$3,133
Securities$416,719
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,790,050
Loan loss allowance $22,254
Trading account assets$0
Bank premises and fixed assets$60,120
Other real estate owned$3,869
Goodwill and other intangibles$57,479
All other assets$166,186
Life insurance assets$77,607
Total liabilities and capital$2,552,914
Total liabilities$2,323,196
Total deposits$2,042,507
Interest-bearing deposits$1,742,600
Deposits held in domestic offices$2,042,507
% insured (estimated)88.44%
Federal funds purchased & repurchase agreements $122,905
Trading liabilities$0
Other borrowed funds $74,111
Subordinated debt $0
All other liabilities $83,673
Total equity capital$229,718
Total bank equity capital$229,718
Perpetual preferred stock$0
Common stock$618
Surplus$223,609
Undivided profits $5,491
Memoranda
Noncurrent loans and leases $25,856
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $255
Income earned, not collected on loans $8,805
Earning assets $2,209,902
Long-term assets (5+ years) $585,586
Average Assets, year-to-date $2,478,816
Average Assets, quarterly $2,495,308
Volatile liabilities $387,194
Insider loans $43,420
FHLB advances $74,111
Loans and leases held for sale $721
Unused loan commitments $337,341
Tier 1 (core) risk-based capital $190,295
Tier 2 risk-based capital $22,254
Total risk weighted assets $1,852,171
Total unused commitments $337,341
Restructured Loans and leases $0
Derivatives$30,283
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $145,916
Total interest expense $46,267
Net interest income $99,649
Provision for loan and lease losses $10,423
Total noninterest income $59,321
Fiduciary activities $2,205
Service charges on deposit accounts $36,374
Trading account gains & fees $0
Additional noninterest income $20,742
Total noninterest expense $73,508
Salaries and employee benefits $37,018
Premises and equipment expense $11,612
Additional noninterest expense $24,878
Pre-tax net operating income $75,039
Securities gains (losses) -$36,310
Applicable income taxes $10,488
Income before extraordinary items $28,241
Extraordinary gains - net $0
Net income attributable to bank $28,241
Net charge-offs $5,750
Cash dividends $37,400
Sale, conversion, retirement of capital stock, net $0
Net operating income $54,747
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.77%
Cost of funding earning assets 2.15%
Net interest margin 4.63%
Noninterest income to earning assets 2.75%
Noninterest expense to earning assets 3.41%
Net operating income to assets 2.21%
Return on assets (ROA) 1.14%
Pretax return on assets 1.56%
Return on equity (ROE) 11.80%
Retained earnings to average equity (YTD only) -3.83%
Net charge-offs to loans 0.33%
Credit loss provision to net charge-offs 181.27%
Efficiency ratio45.84%
Assets per employee$3,091
Cash dividends to net income (YTD only)132.43%
Condition Ratios (%)
Loss allowance to loans 1.23%
Loss allowance to noncurrent loans 86.07%
Noncurrent assets plus other real estate owned to assets 1.16%
Noncurrent loans to loans 1.43%
Net loans and leases to deposits87.64%
Net loans and leases to core deposits 100.54%
Equity capital to assets 9.00%
Core capital (leverage) ratio 7.97%
Tier 1 risk-based capital ratio 10.27%
Total risk-based capital ratio 11.48%
Memoranda
Average assets$2,478,816
Average earning assets$2,154,545
Average equity $1,762,315
Average loans $239,329
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Total Fiduciary and Related Assets (December 31, 2008)
(Dollar figures in thousands)
Total fiduciary and related assets$376,561
Number of Fiduciary Accounts and Related Asset Accounts996
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$292,053
Number of Accounts547
Personal trust and agency accounts$241,783
Employee benefit-defined contribution accounts$33,591
Employee benefit-defined benefit accounts$0
Other retirement accounts$16,679
Corporate trust and agency accounts$0
Investment management agency accounts$0
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$84,508
Number of Accounts449
Personal trust and agency accounts$36,054
Employee benefit-defined contribution accounts$38,230
Employee benefit-defined benefit accounts$0
Other retirement accounts$8,961
Corporate trust and agency accounts$1,263
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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Bank Assets Sold and Securitized (December 31, 2003)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $59,822
Home equity lines$0
Credit cards receivables$0
Auto loans$0
Other consumer loans$0
Commercial and industrial loans$0
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Home Mortgage Disclosure Act Aggregated Statistics For Year 2007
(Based on 269 full tracts)
B) Conventional
Home Purchase Loans
C) Refinancings
D) Home Improvement Loans
E) Loans on Dwellings For 5+ Families
F) Non-occupant Loans on
< 5 Family Dwellings (A B C & D)
G) Loans On Manufactured
Home Dwelling (A B C & D)
NumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage ValueNumberAverage Value
LOANS ORIGINATED780$132,1291,001$90,900963$38,6136$765,000312$107,26951$32,529
APPLICATIONS APPROVED, NOT ACCEPTED102$104,627219$60,772172$37,0472$171,00054$63,25913$32,692
APPLICATIONS DENIED206$77,830396$81,106701$25,8820$0142$61,669112$20,313
APPLICATIONS WITHDRAWN139$106,64763$102,22229$51,4480$029$79,9666$48,500
FILES CLOSED FOR INCOMPLETENESS0$00$00$00$00$00$0
Choose year:  2007 2006 2005 2004 2003 2002 2001 2000 1999

2005 FHA, FSA/RHS & VA Home Purchase Loans

HMDA - FHA, FSA/RHS & VA Home Purchase Loans

HMDA - FHA, FSA/RHS & VA Home Purchase Loans - Value

2007 Conventional Home Purchase Loans

HMDA - Conventional Home Purchase Loans

HMDA - Conventional Home Purchase Loans - Value

2007 Refinancings

HMDA - Refinancings

HMDA - Refinancings - Value

2007 Home Improvement Loans

HMDA - Home Improvement Loans

HMDA - Home Improvement Loans - Value

2007 Loans on Dwellings For 5+ Families

HMDA - Loans on Dwellings For 5+ Families

HMDA - Loans on Dwellings For 5+ Families - Value

2007 Non-occupant Loans on < 5 Family Dwellings

HMDA - Non-occupant Loans on < 5 Family Dwellings

HMDA - Non-occupant Loans on < 5 Family Dwellings - Value

2007 Loans On Manufactured Home Dwelling

HMDA - Loans On Manufactured Home Dwelling

HMDA - Loans On Manufactured Home Dwelling - Value

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8 Kentucky Branches as of 2009-05-14
NoIDNameAddressEstablishedService TypeMap
8442718Ashland Branch344 17th St, Ashland, KY 411051910-01-01Full Service Brick and Mortar
85277573Cedar Knoll Branch10700 Eagle Drive, Ashland, KY 411021998-05-11Full Service Brick and Mortar
86277574Russell Branch1500 Diederich Boulevard, Russell, KY 411691998-03-09Full Service Brick and Mortar
8745767Grayson Branch575 N.Carol Malone Boulevard, Grayson, KY 411431990-03-01Full Service Brick and Mortar
89193957Suburban Branch603 South Mayo Trail, Paintsville, KY 412401971-01-18Full Service Brick and Mortar
91361549Mayo Branch440 North Mayo Trail, Paintsville, KY 412402001-03-19Full Service Brick and Mortar
92365254Greenup Branch1414 Ashland Road, Greenup, KY 411442002-03-29Full Service Brick and Mortar
96444598Ashland Wal-Mart Branch351 River Hill Road, Ashland, KY 411012005-08-24Full Service Brick and Mortar
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4 Ohio Branches as of 2009-05-14
NoIDNameAddressEstablishedService TypeMap
75242641Chesapeake Branch1012 Rockwood Avenue, Chesapeake, OH 456191998-10-19Full Service Brick and Mortar
9342302Ironton Branch415 Center Street, Ironton, OH 456381935-06-01Full Service Brick and Mortar
94275128Proctorville Branch201 State Street, Proctorville, OH 456691935-06-01Full Service Brick and Mortar
9543504Ironton Drive-Thru Facility420 Park Ave, Ironton, OH 456381896-01-01Limited Service Facility
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59 West Virginia Branches as of 2009-05-14
NoIDNameAddressEstablishedService TypeMap
011692City National Bank Of West Virginia25 Gatewater Road, Cross Lanes, WV 253131957-04-01Full Service Brick and Mortar
2242631Westside Branch120 Kanawha Boulevard, Charleston, WV 253021992-06-15Full Service Brick and Mortar
3242632South Hills Branch1004 Bridge Road, Charleston, WV 253141993-02-08Full Service Brick and Mortar
4242633St. Albans Branch560 4th St., St. Albans, WV 251771993-07-19Full Service Brick and Mortar
514324Cross Lanes Branch308 Goff Mountain Road, Cross Lanes, WV 253131972-07-05Full Service Brick and Mortar
615833Winfield BranchOne Wall Street, Winfield, WV 252131978-07-17Full Service Brick and Mortar
7186117Eleanor Branch946 Roosevelt Boulevard, Eleanor, WV 250701995-01-09Full Service Brick and Mortar
9242634Marmet Branch9005 Maccorkle Avenue, Marmet, WV 253151996-04-01Full Service Brick and Mortar
10242635Teays Valley Branch100 Poplar Fork Road, Scott Depot, WV 255601996-05-28Full Service Brick and Mortar
15242636Dunbar Branch304 Tenth Street, Dunbar, WV 250641997-09-08Full Service Brick and Mortar
16242637Virginia Street Branch815 Virginia Street East, Charleston, WV 253011997-09-08Limited Service Facility
174555Fourth And Washington BranchFourth Avenue And Washington Street, Montgomery, WV 251361910-04-27Full Service Brick and Mortar
19212173Glasgow Branch102 Melrose Drive, Glasgow, WV 250861987-01-02Full Service Brick and Mortar
204579Gauley Bridge Branch1 Main Street, Gauley Bridge, WV 250851910-09-17Full Service Brick and Mortar
2147705420 South Raleigh Street Branch420 South Raleigh Street, Martinsburg, WV 254011992-08-17Full Service Brick and Mortar
22289827Aikens Center Branch231 Aikens Center, Martinsburg, WV 254011993-04-20Full Service Brick and Mortar
24285555Berkeley Spring Branch149 N. Washington Street, Berkeley Springs, WV 254111973-09-17Full Service Brick and Mortar
25285558Charles Town Branch1034 South George Street, Charles Town, WV 254141989-06-30Full Service Brick and Mortar
264573101 Second Street Branch101 Second Street, Sutton, WV 266011909-12-09Full Service Brick and Mortar
27212209Gassaway Branch324 Elk Street, Gassaway, WV 266241987-05-18Full Service Brick and Mortar
28212210Flatwoods Branch1995 Sutton Lane, Sutton, WV 266011997-07-14Full Service Brick and Mortar
30256543Wayne Branch206 Central Avenue, Wayne, WV 255701995-11-11Full Service Brick and Mortar
33524300 West Main Street Branch300 West Main Street, Clarksburg, WV 263011919-01-01Full Service Brick and Mortar
34186118Bridgeport Branch1216 Johnson Avenue, Bridgeport, WV 263301995-12-04Full Service Brick and Mortar
35186119Clarksburg Drive-Thru Branch115 West Main Street, Clarksburg, WV 263011996-11-12Limited Service Facility
364162108 North Church Branch108 North Church Street, Ripley, WV 252711891-08-10Full Service Brick and Mortar
37208927Drive-In Branch110 South Church Street, Ripley, WV 252711990-05-07Limited Service Facility
38146381218 Main Street Branch1218 Main Street, Rainelle, WV 259621973-07-26Full Service Brick and Mortar
43252391Beaver Branch212 Airport Road, Beaver, WV 258131995-01-17Full Service Brick and Mortar
44252392Beckley Branch902 North Eisenhower Drive, Beckley, WV 258011995-05-08Full Service Brick and Mortar
45132762212 Jackson Avenue Branch2212 Jackson Avenue, Point Pleasant, WV 255501965-09-01Full Service Brick and Mortar
468223New Haven Branch413 Fifth Street, New Haven, WV 252651919-01-19Full Service Brick and Mortar
47228743Mason BranchSecond And Brown Streets, Mason, WV 252601983-07-06Full Service Brick and Mortar
48242638Inwood Branch14 Sader Drive, Inwood, WV 254281998-02-09Full Service Brick and Mortar
514551Marlinton Branch300 Eighth Street, Marlinton, WV 249541933-01-01Full Service Brick and Mortar
524528Lewisburg Branch109 South Jefferson Street, Lewisburg, WV 249011902-01-01Full Service Brick and Mortar
53212089Rupert Branch709 Nicholas Street, Rupert, WV 259841982-10-18Full Service Brick and Mortar
54527Alderson Branch601 Alta Drive, Alderson, WV 249101930-05-10Full Service Brick and Mortar
56212116Super Mny Mkt-Krog Store #765 BranchUs Route 219, #10 Red Oak Shopping Center, Ronceverte, WV 249701991-03-13Full Service Brick and Mortar
57212090North Lewisburg Branch536 North Jefferson Street, Lewisburg, WV 249011997-03-31Full Service Brick and Mortar
59212138Plaza Branch515 Stokes Drive, Hinton, WV 259511983-11-25Full Service Brick and Mortar
609623Huntington Branch1900 Third Avenue, Huntington, WV 257031905-09-11Full Service Brick and Mortar
61233606Fifth Avenue Facility1751 5th Avenue, Huntington, WV 257031977-07-25Full Service Brick and Mortar
628090Milton Branch1041 Church Street, Milton, WV 255411904-09-08Full Service Brick and Mortar
64233607Huntington Branch5263 U.S. Route 60 East, Huntington, WV 257051991-06-26Full Service Brick and Mortar
65233608Hamlin Branch8028 Lynn Avenue, Hamlin, WV 255231995-12-06Full Service Brick and Mortar
661597Beckley BranchOne Park Avenue, Beckley, WV 258011899-05-01Full Service Brick and Mortar
67192656Main-Kanawha Branch101 So. Kanawha Street, Beckley, WV 258011976-11-08Full Service Brick and Mortar
6816426Crossroads BranchU.S. Route 19 North, Bradley, WV 258181981-04-29Full Service Brick and Mortar
732786901723 Harper Road Branch1723 Harper Road, Beckley, WV 258011939-01-01Full Service Brick and Mortar
78242644Hamlin Branch6888 Mcclellan Street, West Hamlin, WV 255711999-04-26Full Service Brick and Mortar
81432630Barboursville Walmart Branch25 Nichols Dr., Barboursville, WV 255042004-09-15Full Service Retail
82432898Southridge Walmart Center Branch2700 Montaineer Blvd., South Charleston, WV 253092004-09-22Full Service Retail
83441092Sophia Wal-Mart Branch1881 Robert C. Byrd Drive, Beckley, WV 258012005-05-25Full Service Retail
97451401Potomac Market Plaza75 West Virginia Way, Ranson, WV 254382005-05-01Full Service Brick and Mortar
98453751Downtown Charleston Branch10 Hale Street, Charleston, WV 253012006-03-27Full Service Brick and Mortar
99465863Ripley Wal-Mart Branch200 Academy Drive, Ripley, WV 252712007-03-14Full Service Retail
100467795King Street Branch1700 West King Street, Martinsburg, WV 254012007-07-02Full Service Brick and Mortar
101470142Princeton Branch191 Greasy Ridge Road, Princeton, WV 247402007-11-26Full Service Brick and Mortar
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