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| The Old National Bank of Huntington |
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| General | FDIC Certificate #: 23586
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: City National Bank of West Virginia (#17735)
Federal Reserve ID: 293222
Date Established: 1981-10-19
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
FDIC's unique #: 16518
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: 1981-10-19
Last Structure Change Effective Date: 1997-12-22
Last Structure Change Process Date: 1998-01-07
Last Data Update: 1998-01-07
Data Source Date: 2009-05-14 |
| Location | Address: 999 4th Avenue, Huntington, WV 25701
County: Cabell
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): 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: $54.9 mil |
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1996)
(Dollar figures in thousands) |
| Total employees (full-time equivalent) | 26 |
| Total assets | $49,087 |
| Cash and due from depository institutions | $2,320 |
| Interest-bearing balances | $0 |
| Securities | $13,195 |
| Federal funds sold & reverse repurchase agreements | $5,715 |
| Net loans & leases | $26,214 |
| Loan loss allowance | $200 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $1,141 |
| Other real estate owned | $0 |
| Goodwill and other intangibles | $0 |
| All other assets | $502 |
| Life insurance assets | $0 |
| Total liabilities and capital | $49,087 |
| Total liabilities | $45,383 |
| Total deposits | $44,715 |
| Interest-bearing deposits | $37,033 |
| Deposits held in domestic offices | $44,715 |
| % insured (estimated) | 88.08% |
| Federal funds purchased & repurchase agreements | $466 |
| Trading liabilities | $0 |
| Other borrowed funds | $0 |
| Subordinated debt | $0 |
| All other liabilities | $202 |
| Total equity capital | $3,704 |
| Total bank equity capital | $3,704 |
| Perpetual preferred stock | $0 |
| Common stock | $750 |
| Surplus | $750 |
| Undivided profits | $2,204 |
| Memoranda |
| Noncurrent loans and leases | $462 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $0 |
| Income earned, not collected on loans | $138 |
| Earning assets | $45,124 |
| Long-term assets (5+ years) | $5,252 |
| Average Assets, year-to-date | $46,284 |
| Average Assets, quarterly | $51,463 |
| Volatile liabilities | $7,091 |
| Insider loans | $1,129 |
| FHLB advances | $0 |
| Loans and leases held for sale | $0 |
| Unused loan commitments | $485 |
| Tier 1 (core) risk-based capital | $3,685 |
| Tier 2 risk-based capital | $0 |
| Total risk weighted assets | $26,145 |
| Total unused commitments | $485 |
| Restructured Loans and leases | $0 |
| Derivatives | $0 |
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Income and Expense (December 31, 1996)
(Dollar figures in thousands) |
| Total interest income | $3,513 |
| Total interest expense | $1,665 |
| Net interest income | $1,848 |
| Provision for loan and lease losses | $509 |
| Total noninterest income | $192 |
| Fiduciary activities | $0 |
| Service charges on deposit accounts | $100 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $92 |
| Total noninterest expense | $1,589 |
| Salaries and employee benefits | $721 |
| Premises and equipment expense | $280 |
| Additional noninterest expense | $588 |
| Pre-tax net operating income | -$58 |
| Securities gains (losses) | $0 |
| Applicable income taxes | $65 |
| Income before extraordinary items | -$123 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | -$123 |
| Net charge-offs | $405 |
| Cash dividends | $101 |
| Sale, conversion, retirement of capital stock, net | $0 |
| Net operating income | -$123 |
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Performance and Condition Ratios (December 31, 1996)
(Dollar figures in thousands) |
| Performance Ratios (%, annualized) |
| Yield on earning assets | 8.36% |
| Cost of funding earning assets | 3.96% |
| Net interest margin | 4.40% |
| Noninterest income to earning assets | 0.46% |
| Noninterest expense to earning assets | 3.78% |
| Net operating income to assets | -0.27% |
| Return on assets (ROA) | -0.27% |
| Pretax return on assets | -0.13% |
| Return on equity (ROE) | -3.10% |
| Retained earnings to average equity (YTD only) | -5.64% |
| Net charge-offs to loans | 1.75% |
| Credit loss provision to net charge-offs | 125.68% |
| Efficiency ratio | 77.89% |
| Assets per employee | $1,888 |
| Cash dividends to net income (YTD only) | -82.11% |
| Condition Ratios (%) |
| Loss allowance to loans | 0.76% |
| Loss allowance to noncurrent loans | 43.29% |
| Noncurrent assets plus other real estate owned to assets | 0.94% |
| Noncurrent loans to loans | 1.75% |
| Net loans and leases to deposits | 58.62% |
| Net loans and leases to core deposits | 68.82% |
| Equity capital to assets | 7.55% |
| Core capital (leverage) ratio | 7.41% |
| Tier 1 risk-based capital ratio | 14.09% |
| Total risk-based capital ratio | 14.86% |
| Memoranda |
| Average assets | $46,284 |
| Average earning assets | $42,042 |
| Average equity | $23,119 |
| Average loans | $3,973 |
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