First Bank of Ceredo in Ceredo, West Virginia (WV)
Table of contents:
| First Bank of Ceredo | |
|---|---|
| General | FDIC Certificate #: 6753 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution: United Bank (#6784) Federal Reserve ID: 818429 Date Established: July 12, 1892 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 4 (Interstate: No) OTS Docket #: 9672 FDIC's unique #: 4533 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: September 01, 1993 Last Structure Change Process Date: September 14, 1993 Last Data Update: September 14, 1993 Data Source Date: April 05, 2012 |
| Location | Address: U.S. Route 60 And Second Street West, Ceredo, WV 25507 County: Wayne 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): Huntington-Ashland, WV-KY-OH (#3400) Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580) CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580) |
| Financial Summary | Total assets: $141.9 mil |
| Assets and Liabilities (December 31, 1992) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 0 |
| Total assets | $83 |
| Cash and due from depository institutions | $142,119 |
| Interest-bearing balances | $6,746 |
| Securities | $1,952 |
| Federal funds sold & reverse repurchase agreements | $47,016 |
| Net loans & leases | $0 |
| Loan loss allowance | $80,224 |
| Trading account assets | $1,162 |
| Bank premises and fixed assets | $0 |
| Other real estate owned | $4,787 |
| Goodwill and other intangibles | $297 |
| All other assets | $0 |
| Life insurance assets | $3,049 |
| Total liabilities and capital | $0 |
| Total liabilities | $142,119 |
| Total deposits | $131,200 |
| Interest-bearing deposits | $125,410 |
| Deposits held in domestic offices | $108,754 |
| % insured (estimated) | 125410.00% |
| Federal funds purchased & repurchase agreements | $92 |
| Trading liabilities | $4,383 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $0 |
| Total equity capital | $1,407 |
| Total bank equity capital | $1,407 |
| Perpetual preferred stock | $10,919 |
| Common stock | $0 |
| Surplus | $665 |
| Undivided profits | $4,425 |
| Memoranda | |
| Noncurrent loans and leases | $5,829 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $1,781 |
| Earning assets | $363 |
| Long-term assets (5+ years) | $129,192 |
| Average Assets, year-to-date | $18,169 |
| Average Assets, quarterly | $141,979 |
| Volatile liabilities | $141,812 |
| Insider loans | $10,681 |
| FHLB advances | $1,566 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $0 |
| Tier 1 (core) risk-based capital | $12,636 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $10,919 |
| Total unused commitments | $96,450 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
| Income and Expense (December 31, 1992) (Dollar figures in thousands) | |
| Total interest income | $0 |
| Total interest expense | $11,344 |
| Net interest income | $5,155 |
| Provision for loan and lease losses | $6,189 |
| Total noninterest income | $1,346 |
| Fiduciary activities | $1,335 |
| Service charges on deposit accounts | $0 |
| Trading account gains & fees | $488 |
| Additional noninterest income | $0 |
| Total noninterest expense | $847 |
| Salaries and employee benefits | $5,255 |
| Premises and equipment expense | $2,708 |
| Additional noninterest expense | $613 |
| Pre-tax net operating income | $1,934 |
| Securities gains (losses) | $923 |
| Applicable income taxes | $283 |
| Income before extraordinary items | $295 |
| Extraordinary gains - net | $911 |
| Net income attributable to bank | $0 |
| Net charge-offs | $911 |
| Cash dividends | $1,434 |
| Sale, conversion, retirement of capital stock, net | $693 |
| Net operating income | $0 |
| Performance and Condition Ratios (December 31, 1992) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 0.00% |
| Cost of funding earning assets | 8.84% |
| Net interest margin | 4.02% |
| Noninterest income to earning assets | 4.82% |
| Noninterest expense to earning assets | 1.04% |
| Net operating income to assets | 4.09% |
| Return on assets (ROA) | 0.49% |
| Pretax return on assets | 0.64% |
| Return on equity (ROE) | 0.85% |
| Retained earnings to average equity (YTD only) | 8.48% |
| Net charge-offs to loans | 2.03% |
| Credit loss provision to net charge-offs | 1.74% |
| Efficiency ratio | 93.86% |
| Assets per employee | $69,843 |
| Cash dividends to net income (YTD only) | 1.71% |
| Condition Ratios (%) | |
| Loss allowance to loans | 76.07% |
| Loss allowance to noncurrent loans | 1.43% |
| Noncurrent assets plus other real estate owned to assets | 65.24% |
| Noncurrent loans to loans | 1.46% |
| Net loans and leases to deposits | 2.19% |
| Net loans and leases to core deposits | 63.97% |
| Equity capital to assets | 67.35% |
| Core capital (leverage) ratio | 7.68% |
| Tier 1 risk-based capital ratio | 7.63% |
| Total risk-based capital ratio | 11.32% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $141,979 |
| Average equity | $10,742 |
| Average loans | $128,347 |
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