United Bank in Parkersburg, West Virginia (WV), OH
| United Bank | |
|---|---|
| General | FDIC Certificate #: 6784 Status: Active Federal Reserve ID: 1010930 Bank Holding Company (Regulatory Top Holder): United Bankshares, Inc. (RSSDID: 1076217, Location: Charleston, WV) Date Established: January 01, 1839 WWW: http://www.unitedbank-wv.com Trust Powers Granted: Yes Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 55 (Domestic: 55, Interstate: Yes) OTS Docket #: 9461 FDIC's unique #: 4559 Numeric code: 13 Regulator: FED 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: July 14, 2007 Last Structure Change Process Date: September 20, 2007 Last Data Update: September 20, 2007 Data Source Date: Febuary 17, 2011 |
| Location | Address: 514 Market Street, Parkersburg, WV 26101 County: Wood 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): Parkersburg-Marietta, WV-OH (#6020) Core Based Statistical Area (CBSA): Parkersburg-Marietta-Vienna, WV-OH (#37620) CBSA Metro Statistical Area: Parkersburg-Marietta-Vienna, WV-OH (#37620) |
| History of Changes | Participated in Absorption/Consolidation/Merger |
| Financial Summary | Total assets: $3,734.5 mil Equity capital: $28.0 mil Deposits held in domestic offices: $2,897.7 mil Return on assets (ROA): 1.01.2016% ($37.7 mil) Quarterly return on assets: 1.01.2028% ($37.7 mil) Return on Equity (ROE): 15.83% ($4.4 mil) Quarterly return on equity: 17.20% ($4.8 mil) Net income: $3.3 mil Quarterly Net income: $1.2 mil Pretax return on assets: 1.01.1968% ($37,718.9 mil) Quarterly Pretax return on assets: 1.01.1983% ($37,718.9 mil) |
| Assets and Liabilities (December 31, 2010) (Dollar figures in thousands) | |
| Total employees (full-time equivalent) | 865 |
| Total assets | $3,465,028 |
| Cash and due from depository institutions | $237,385 |
| Interest-bearing balances | $169,098 |
| Securities | $346,124 |
| Federal funds sold & reverse repurchase agreements | $0 |
| Net loans & leases | $2,633,675 |
| Loan loss allowance | $36,889 |
| Trading account assets | $0 |
| Bank premises and fixed assets | $27,980 |
| Other real estate owned | $24,632 |
| Goodwill and other intangibles | $12,122 |
| All other assets | $183,110 |
| Life insurance assets | $69,049 |
| Total liabilities and capital | $3,465,028 |
| Total liabilities | $3,142,151 |
| Total deposits | $2,979,203 |
| Interest-bearing deposits | $2,403,423 |
| Deposits held in domestic offices | $2,979,203 |
| % insured (estimated) | 73.81% |
| Federal funds purchased & repurchase agreements | $89,587 |
| Trading liabilities | $0 |
| Other borrowed funds | $61,859 |
| Subordinated debt | $0 |
| All other liabilities | $11,502 |
| Total equity capital | $322,877 |
| Total bank equity capital | $322,877 |
| Perpetual preferred stock | $283,137 |
| Common stock | $0 |
| Surplus | $10,802 |
| Undivided profits | $91,092 |
| Memoranda | |
| Noncurrent loans and leases | $181,243 |
| Noncurrent loans that are wholly or partially guaranteed by the U.S. government | $721,265 |
| Income earned, not collected on loans | $39,740 |
| Earning assets | $26,339 |
| Long-term assets (5+ years) | $254 |
| Average Assets, year-to-date | $12,132 |
| Average Assets, quarterly | $3,148,897 |
| Volatile liabilities | $585,989 |
| Insider loans | $3,696,854 |
| FHLB advances | $3,599,787 |
| Loans and leases held for sale | $621,057 |
| Unused loan commitments | $99,027 |
| Tier 1 (core) risk-based capital | $61,859 |
| Tier 2 risk-based capital | $3,722 |
| Total risk weighted assets | $6,869 |
| Total unused commitments | $721,265 |
| Restructured Loans and leases | $0 |
| Derivatives | $34,529 |
| Income and Expense (December 31, 2010) (Dollar figures in thousands) | |
| Total interest income | $162,479 |
| Total interest expense | $40,859 |
| Net interest income | $121,620 |
| Provision for loan and lease losses | $11,882 |
| Total noninterest income | $42,953 |
| Fiduciary activities | $8,121 |
| Service charges on deposit accounts | $19,437 |
| Trading account gains & fees | $0 |
| Additional noninterest income | $15,395 |
| Total noninterest expense | $92,055 |
| Salaries and employee benefits | $37,589 |
| Premises and equipment expense | $11,705 |
| Additional noninterest expense | $42,761 |
| Pre-tax net operating income | $60,636 |
| Securities gains (losses) | -$2,487 |
| Applicable income taxes | $18,042 |
| Income before extraordinary items | $40,107 |
| Extraordinary gains - net | $0 |
| Net income attributable to bank | $40,107 |
| Net charge-offs | $0 |
| Cash dividends | $40,107 |
| Sale, conversion, retirement of capital stock, net | $10,608 |
| Net operating income | $34,500 |
| Performance and Condition Ratios (December 31, 2010) (Dollar figures in thousands) | |
| Performance Ratios (%, annualized) | |
| Yield on earning assets | 4.82% |
| Cost of funding earning assets | 1.21% |
| Net interest margin | 3.61% |
| Noninterest income to earning assets | 1.27% |
| Noninterest expense to earning assets | 2.73% |
| Net operating income to assets | 1.13% |
| Return on assets (ROA) | 1.08% |
| Pretax return on assets | 1.57% |
| Return on equity (ROE) | 14.49% |
| Retained earnings to average equity (YTD only) | 2.03% |
| Net charge-offs to loans | 0.38% |
| Credit loss provision to net charge-offs | 112.01% |
| Efficiency ratio | 6.84% |
| Assets per employee | $55,936 |
| Cash dividends to net income (YTD only) | 4.01% |
| Condition Ratios (%) | |
| Loss allowance to loans | 86.02% |
| Loss allowance to noncurrent loans | 1.38% |
| Noncurrent assets plus other real estate owned to assets | 140.05% |
| Noncurrent loans to loans | 1.47% |
| Net loans and leases to deposits | 0.99% |
| Net loans and leases to core deposits | 88.40% |
| Equity capital to assets | 105.44% |
| Core capital (leverage) ratio | 8.17% |
| Tier 1 risk-based capital ratio | 9.09% |
| Total risk-based capital ratio | 12.22% |
| Memoranda | |
| Average assets | $13 |
| Average earning assets | $3,696,854 |
| Average equity | $276,796 |
| Average loans | $3,372,759 |
| Total Fiduciary and Related Assets (December 31, 2010) (Dollar figures in thousands) | |
| Total fiduciary and related assets | $1 |
| Number of Fiduciary Accounts and Related Asset Accounts | 1 |
| Fiduciary powers granted | Yes |
| Fiduciary or related activity | Yes |
| Managed Assets | $2,109,840 |
| Number of Accounts | 1 |
| Personal trust and agency accounts | $1,295,141 |
| Employee benefit-defined contribution accounts | $415,651 |
| Employee benefit-defined benefit accounts | $142,084 |
| Other retirement accounts | $154,639 |
| Corporate trust and agency accounts | $60,504 |
| Investment management agency accounts | $0 |
| Other fiduciary accounts | $337,733 |
| Fiduciary accounts held in foreign offices | $184,530 |
| Non-managed Assets | $0 |
| Number of Accounts | 1743 |
| Personal trust and agency accounts | $0 |
| Employee benefit-defined contribution accounts | $32,983 |
| Employee benefit-defined benefit accounts | $0 |
| Other retirement accounts | $814,699 |
| Corporate trust and agency accounts | $8,083 |
| Other fiduciary accounts | $34,062 |
| Fiduciary accounts held in foreign offices | $30,459 |
| Bank Assets Sold and Securitized (December 31, 2010) (Dollar figures in thousands) | |
| Principal balance with servicing or other recourse retained | |
| 1-4 family residential loans | $3,556 |
| Home equity lines | $0 |
| Credit cards receivables | $0 |
| Auto loans | $0 |
| Other consumer loans | $0 |
| Commercial and industrial loans | $0 |
| 3 Ohio Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 69 | 272658 | Bellaire Branch | 3198 Belmont Street, Bellaire, OH 43906 | June 30, 1994 | Full Service Brick and Mortar |  |
| 71 | 212188 | Bellaire Kroger Branch | 400 28th Street, Bellaire, OH 43906 | October 17, 1998 | Full Service Brick and Mortar | |
| 72 | 212189 | St. Clairsville Kroger Branch | 50789 Valley Plaza Drive, Saint Clairsville, OH 43950 | October 17, 1998 | Full Service Brick and Mortar | |
| 52 West Virginia Branches as of Febuary 17, 2011 | ||||||
| No | ID | Name | Address | Established | Service Type | Map |
|---|---|---|---|---|---|---|
| 0 | 4559 | United Bank | 514 Market Street, Parkersburg, WV 26101 | January 01, 1839 | Full Service Brick and Mortar |  |
| 1 | 212182 | Parkersburg Express Branch | 1029 Murdoch Avenue, Parkersburg, WV 26101 | July 26, 1978 | Full Service Brick and Mortar | |
| 3 | 4166 | Dunbar Branch | 1200 Grosscup Ave., Dunbar, WV 25064 | Febuary 03, 1917 | Full Service Brick and Mortar | |
| 4 | 208932 | Spring Hill Facility | 5151 Maccorkle Avenue, S.W., South Charleston, WV 25309 | March 03, 1975 | Limited Service Administrative | |
| 6 | 16257 | Huntington Branch | 2889 Third Ave, Huntington, WV 25702 | September 15, 1980 | Full Service Brick and Mortar | |
| 8 | 17389 | Rosemar Branch | 1 Rosemar Circle, Parkersburg, WV 26104 | May 09, 1984 | Full Service Brick and Mortar | |
| 9 | 14583 | Grand Central Mall Branch | 234 Grand Central Mall, Vienna, WV 26105 | May 29, 1973 | Full Service Brick and Mortar | |
| 10 | 525 | Charleston Main | 500 Virginia Street, East, Charleston, WV 25322 | October 01, 1901 | Full Service Brick and Mortar | |
| 12 | 14566 | Scott Depot Branch | Route 34 At Poplar Fork Road, Scott Depot, WV 25560 | May 11, 1973 | Full Service Brick and Mortar | |
| 13 | 186121 | Town Center Branch | 1079 Charleston Town Center, Charleston, WV 25389 | November 07, 1983 | Full Service Brick and Mortar | |
| 14 | 14669 | Big Chimney Branch | 4605 Pennsylvania Ave., Charleston, WV 25302 | September 10, 1973 | Full Service Brick and Mortar | |
| 16 | 11370 | Vienna Branch | 2650 Grand Central Avenue, Vienna, WV 26105 | November 01, 1954 | Full Service Brick and Mortar | |
| 17 | 4565 | Ripley Branch | 113 North Street, Ripley, WV 25271 | January 01, 1893 | Full Service Brick and Mortar | |
| 18 | 212200 | Ripley West Branch | 716 West Main Street, Ripley, WV 25271 | July 02, 1984 | Full Service Brick and Mortar | |
| 19 | 4556 | Montgomery Branch | 200 Fourth Street, Montgomery, WV 25136 | January 19, 1901 | Full Service Brick and Mortar | |
| 20 | 212174 | Smithers Branch | U.S. Route 60, Smithers, WV 25186 | March 22, 1984 | Full Service Brick and Mortar | |
| 21 | 9379 | Ansted Branch | 120 Main Street, Ansted, WV 25812 | January 02, 1935 | Full Service Brick and Mortar | |
| 23 | 8372 | Moundsville Branch | 621 Seventh Street, Moundsville, WV 26041 | January 01, 1896 | Full Service Brick and Mortar | |
| 26 | 247777 | Three Springs Drive-In Branch | 109 Three Springs Drive, Weirton, WV 26062 | Febuary 14, 1983 | Full Service Brick and Mortar | |
| 27 | 247778 | Main Street Branch | 3567 Main Street, Weirton, WV 26062 | November 03, 1986 | Full Service Brick and Mortar | |
| 28 | 4576 | Glenville Branch | 101 East Main Street, Glenville, WV 26351 | September 14, 1932 | Full Service Brick and Mortar | |
| 29 | 1601 | Weston Branch | 202 Main Avenue, Weston, WV 26452 | April 24, 1906 | Full Service Brick and Mortar | |
| 31 | 8707 | Webster Springs Branch | One Court Square, Webster Springs, WV 26288 | Febuary 20, 1934 | Full Service Brick and Mortar | |
| 33 | 230645 | Cowen Branch | 90 Railroad Avenue, East, Cowen, WV 26206 | August 24, 1983 | Full Service Brick and Mortar | |
| 34 | 4533 | Ceredo Branch | 555 C Street, Ceredo, WV 25507 | July 12, 1892 | Full Service Brick and Mortar | |
| 36 | 212100 | Westmoreland Branch | 473 Camden Road, Huntington, WV 25704 | December 01, 1986 | Full Service Brick and Mortar | |
| 37 | 4547 | Kenova Branch | 511 14th Street, Kenova, WV 25530 | December 31, 1910 | Full Service Brick and Mortar | |
| 38 | 14323 | Westover Branch | 176 Holland Avenue, Westover, WV 26501 | July 01, 1972 | Full Service Brick and Mortar | |
| 40 | 254886 | Star City Branch | 3441 University Avenue, Star City, WV 26505 | January 18, 1983 | Full Service Brick and Mortar | |
| 41 | 6386 | Beckley Main Branch | 129 Main Street, Beckley, WV 25802 | July 15, 1909 | Full Service Brick and Mortar | |
| 43 | 16427 | Crossroads Mall Branch | 84 Crossroads Mall, Mount Hope, WV 25880 | May 06, 1981 | Full Service Brick and Mortar | |
| 44 | 15399 | Sophia Branch | 425 Robert C. Byrd Dr., Sophia, WV 25921 | November 21, 1975 | Full Service Brick and Mortar | |
| 46 | 274188 | Man Branch | 300 Market St., Man, WV 25635 | January 01, 1934 | Full Service Brick and Mortar | |
| 47 | 274189 | Danville Branch | 1661 Smoot Ave, Danville, WV 25053 | January 01, 1934 | Full Service Brick and Mortar | |
| 48 | 41902 | Logan Branch | 220 Main Street, Logan, WV 25601 | July 01, 1934 | Full Service Brick and Mortar | |
| 49 | 274190 | Aracoma Branch | 507 Holly Ave. Route 10, Logan, WV 25601 | January 01, 1934 | Full Service Brick and Mortar | |
| 50 | 40975 | Fayetteville Branch | 145 West Maple Avenue, Fayetteville, WV 25840 | January 01, 1910 | Full Service Brick and Mortar | |
| 51 | 274191 | Raleigh Mall Shopping Center Branch | Raleigh Mall Shopping Center, Beckley, WV 25801 | January 01, 1934 | Full Service Brick and Mortar | |
| 52 | 274192 | Summersville Branch | 2004 West Webster Road, Summersville, WV 26651 | January 01, 1934 | Full Service Brick and Mortar | |
| 55 | 42481 | Morgantown Branch | 154 Fayette Street, Morgantown, WV 26507 | January 01, 1935 | Full Service Brick and Mortar | |
| 57 | 212185 | Walmart Superstore Branch | 550 Emily Drive, Clarksburg, WV 26301 | October 29, 1997 | Full Service Retail | |
| 58 | 5769 | Charles Town Main Branch | 106 West Washington Street, Charles Town, WV 25414 | May 08, 1906 | Full Service Brick and Mortar | |
| 61 | 272648 | Elm Grove Branch | 2180 National Rd, Wheeling, WV 26003 | July 01, 1934 | Full Service Brick and Mortar | |
| 62 | 272652 | Warwood Shopping Plaza Branch | 1269 Warwood Ave., Wheeling, WV 26003 | July 01, 1934 | Full Service Brick and Mortar | |
| 63 | 272653 | Bethlehem Branch | 14 Bethlehem Blvd, Wheeling, WV 26003 | July 01, 1934 | Full Service Brick and Mortar | |
| 66 | 41901 | Wheeling Main | 21 Twelfth Street, Wheeling, WV 26003 | August 06, 1937 | Full Service Brick and Mortar | |
| 67 | 272657 | Suncrest Branch | 1085 Van Voorhis Road Suite 1, Morgantown, WV 26505 | June 30, 1986 | Full Service Brick and Mortar | |
| 73 | 362206 | Wheeling Kroger Branch | 200 Mount De Chantal Road, Wheeling, WV 26003 | October 17, 1998 | Full Service Retail | |
| 84 | 419472 | Kanawha City Branch | 4901 Maccorkle Avenue Se, Charleston, WV 25304 | September 20, 2002 | Full Service Brick and Mortar | |
| 85 | 424215 | Premier Bank Branch | 24 District Way, Martinsburg, WV 25401 | July 18, 2005 | Full Service Brick and Mortar | |
| 86 | 452374 | Shepherdstown Branch | 7867 Martinsburg Pike, Shepherdstown, WV 25443 | June 29, 2006 | Full Service Brick and Mortar | |
| 87 | 491072 | Charles Town Branch | 71 Jefferson Crossing Way, Suite F, Charles Town, WV 25414 | March 03, 2008 | Full Service Brick and Mortar | |
Based on public records. Inadvertent errors are possible.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Faqs.org does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.