Fed One Bank in Wheeling, West Virginia (WV)
Table of contents:
| Fed One Bank | |
|---|---|
| General | FDIC Certificate #: 29067 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: United Bank (#6784) Federal Reserve ID: 892175 Date Established: July 01, 1934 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 2855 FDIC's unique #: 41901 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: January 14, 1935 Last Structure Change Effective Date: October 17, 1998 Last Structure Change Process Date: November 05, 1998 Last Data Update: November 05, 1998 Data Source Date: April 05, 2012 |
| Location | Address: 21 Twelfth Street, Wheeling, WV 26003 County: Ohio 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): Wheeling, WV-OH (#9000) Core Based Statistical Area (CBSA): Wheeling, WV-OH (#48540) CBSA Metro Statistical Area: Wheeling, WV-OH (#48540) |
| Financial Summary | Total assets: $362.8 mil |
| Assets and Liabilities (December 31, 1997) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 134 |
| Total assets | $362,908 |
| Cash and due from depository institutions | $7,935 |
| Interest-bearing balances | $4,869 |
| Securities | $174,091 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $166,088 |
| Loan loss allowance | $1,481 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $6,533 |
| Other real estate owned | $14 |
| Goodwill and other intangibles | $1,710 |
| All other assets | $6,537 |
| Life insurance assets | $0 |
| Total liabilities and capital | $362,908 |
| Total liabilities | $325,815 |
| Total deposits | $259,552 |
| Interest-bearing deposits | $250,769 |
| Deposits held in domestic offices | $259,552 |
| % insured (estimated) | 0.00% |
| Federal funds purchased & repurchase agreements | $0 |
| Trading liabilities | $0 |
| Other borrowed funds | $65,096 |
| Subordinated debt | $0 |
| All other liabilities | $1,167 |
| Total equity capital | $37,093 |
| Total bank equity capital | $37,093 |
| Perpetual preferred stock | $37,093 |
| Common stock | $0 |
| Surplus | $1 |
| Undivided profits | $12,411 |
| Memoranda | |
| Noncurrent loans and leases | $24,681 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $0 |
| Earning assets | $1,309 |
| Long-term assets (5+ years) | $0 |
| Average Assets, year-to-date | $1,299 |
| Average Assets, quarterly | $345,048 |
| Volatile liabilities | $0 |
| Insider loans | $350,001 |
| FHLB advances | $358,502 |
| Loans and leases held for sale | $99,598 |
| Unused loan commitments | $3,728 |
| Tier 1 (core) risk-based capital | $65,096 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $0 |
| Total unused commitments | $22,096 |
| Restructured Loans and leases | $0 |
| Derivatives | $150,158 |
| Income and Expense (December 31, 1997) (Dollar figures in thousands) | |
| Total interest income | $25,355 |
| Total interest expense | $14,062 |
| Net interest income | $11,293 |
| Provision for loan and lease losses | $160 |
| Total noninterest income | $780 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $780 |
| Total noninterest expense | $6,831 |
| Salaries and employee benefits | $3,908 |
| Premises and equipment expense | $1,429 |
| Additional noninterest expense | $1,494 |
| Pre-tax net operating income | $5,082 |
| Securities gains (losses) | $14 |
| Applicable income taxes | $1,835 |
| Income before extraordinary items | $3,261 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $3,261 |
| Net charge-offs | $0 |
| Cash dividends | $0 |
| Sale, conversion, retirement of capital stock, net | $116 |
| Net operating income | $2,750 |
| Performance and Condition Ratios (December 31, 1997) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 7.61% |
| Cost of funding earning assets | 4.22% |
| Net interest margin | 3.39% |
| Noninterest income to earning assets | 0.23% |
| Noninterest expense to earning assets | 2.05% |
| Net operating income to assets | 0.93% |
| Return on assets (ROA) | 0.93% |
| Pretax return on assets | 1.46% |
| Return on equity (ROE) | 8.91% |
| Retained earnings to average equity (YTD only) | 1.40% |
| Net charge-offs to loans | 0.08% |
| Credit loss provision to net charge-offs | 137.93% |
| Efficiency ratio | 45.19% |
| Assets per employee | $54,419 |
| Cash dividends to net income (YTD only) | 2.71% |
| Condition Ratios (%) | |
| Loss allowance to loans | 84.33% |
| Loss allowance to noncurrent loans | 0.88% |
| Noncurrent assets plus other real estate owned to assets | 113.14% |
| Noncurrent loans to loans | 0.36% |
| Net loans and leases to deposits | 0.78% |
| Net loans and leases to core deposits | 63.99% |
| Equity capital to assets | 73.80% |
| Core capital (leverage) ratio | 10.22% |
| Tier 1 risk-based capital ratio | 9.80% |
| Total risk-based capital ratio | 23.57% |
| Memoranda | |
| Average assets | $25 |
| Average earning assets | $350,001 |
| Average equity | $36,579 |
| Average loans | $333,380 |
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