United Bank in Parkersburg, West Virginia (WV), OH



 


United Bank
GeneralFDIC Certificate #: 6784
Status: Active
Federal Reserve ID: 1010930
Bank Holding Company (Regulatory Top Holder): United Bankshares, Inc. (RSSDID: 1076217, Location: Charleston, WV)
Date Established: 1839-01-01
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: 1934-01-01
Last Structure Change Effective Date: 2007-07-14
Last Structure Change Process Date: 2007-09-20
Last Data Update: 2007-09-20
Data Source Date: 2009-05-14
LocationAddress: 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 ChangesParticipated in Absorption/Consolidation/Merger
Financial SummaryTotal assets: $4,186.1 mil
Equity capital: $260.2 mil
Deposits held in domestic offices: $2,818.1 mil
Return on assets (ROA): 1.21% ($50.7 mil)
Quarterly return on assets: 1.17% ($49.0 mil)
Return on Equity (ROE): 18.47% ($48.0 mil)
Quarterly return on equity: 17.94% ($46.6 mil)
Net income: $50.5 mil
Quarterly Net income: $12.1 mil
Pretax return on assets: 1.71% ($71,582.8 mil)
Quarterly Pretax return on assets: 1.67% ($69,908.4 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)862
Total assets$4,186,130
Cash and due from depository institutions$148,858
Interest-bearing balances$25,888
Securities$617,784
Federal funds sold & reverse repurchase agreements$262,047
Net loans & leases$2,953,131
Loan loss allowance $31,763
Trading account assets$0
Bank premises and fixed assets$28,878
Other real estate owned$10,211
Goodwill and other intangibles$12,122
All other assets$153,099
Life insurance assets$64,562
Total liabilities and capital$4,186,130
Total liabilities$3,925,977
Total deposits$2,818,114
Interest-bearing deposits$2,380,747
Deposits held in domestic offices$2,818,114
% insured (estimated)66.68%
Federal funds purchased & repurchase agreements $376,777
Trading liabilities$0
Other borrowed funds $664,155
Subordinated debt $0
All other liabilities $66,931
Total equity capital$260,153
Total bank equity capital$260,153
Perpetual preferred stock$0
Common stock$10,802
Surplus$91,092
Undivided profits $158,259
Memoranda
Noncurrent loans and leases $25,148
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $376
Income earned, not collected on loans $15,983
Earning assets $3,858,850
Long-term assets (5+ years) $804,480
Average Assets, year-to-date $4,183,831
Average Assets, quarterly $4,131,692
Volatile liabilities $1,061,221
Insider loans $107,318
FHLB advances $664,155
Loans and leases held for sale $868
Unused loan commitments $829,385
Tier 1 (core) risk-based capital $323,611
Tier 2 risk-based capital $32,980
Total risk weighted assets $3,214,429
Total unused commitments $829,385
Restructured Loans and leases $0
Derivatives$238,705
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Income and Expense (December 31, 2008)
(Dollar figures in thousands)
Total interest income $222,034
Total interest expense $93,059
Net interest income $128,975
Provision for loan and lease losses $11,613
Total noninterest income $50,050
Fiduciary activities $9,065
Service charges on deposit accounts $20,040
Trading account gains & fees $0
Additional noninterest income $20,945
Total noninterest expense $87,795
Salaries and employee benefits $34,689
Premises and equipment expense $10,877
Additional noninterest expense $42,229
Pre-tax net operating income $79,617
Securities gains (losses) -$8,255
Applicable income taxes $20,876
Income before extraordinary items $50,486
Extraordinary gains - net $0
Net income attributable to bank $50,486
Net charge-offs $9,692
Cash dividends $32,000
Sale, conversion, retirement of capital stock, net $0
Net operating income $56,347
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Performance and Condition Ratios (December 31, 2008)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.76%
Cost of funding earning assets 2.42%
Net interest margin 3.35%
Noninterest income to earning assets 1.30%
Noninterest expense to earning assets 2.28%
Net operating income to assets 1.35%
Return on assets (ROA) 1.21%
Pretax return on assets 1.71%
Return on equity (ROE) 18.47%
Retained earnings to average equity (YTD only) 6.76%
Net charge-offs to loans 0.32%
Credit loss provision to net charge-offs 119.82%
Efficiency ratio48.92%
Assets per employee$4,856
Cash dividends to net income (YTD only)63.38%
Condition Ratios (%)
Loss allowance to loans 1.06%
Loss allowance to noncurrent loans 126.30%
Noncurrent assets plus other real estate owned to assets 0.84%
Noncurrent loans to loans 0.84%
Net loans and leases to deposits104.79%
Net loans and leases to core deposits 121.74%
Equity capital to assets 6.21%
Core capital (leverage) ratio 7.91%
Tier 1 risk-based capital ratio 10.07%
Total risk-based capital ratio 11.09%
Memoranda
Average assets$4,183,831
Average earning assets$3,853,163
Average equity $2,983,493
Average loans $273,352
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Total Fiduciary and Related Assets (December 31, 2008)
(Dollar figures in thousands)
Total fiduciary and related assets$2,320,195
Number of Fiduciary Accounts and Related Asset Accounts2018
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$1,100,713
Number of Accounts1492
Personal trust and agency accounts$450,548
Employee benefit-defined contribution accounts$110,593
Employee benefit-defined benefit accounts$81,258
Other retirement accounts$52,415
Corporate trust and agency accounts$35,127
Investment management agency accounts$370,772
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
Non-managed Assets$1,219,482
Number of Accounts526
Personal trust and agency accounts$9,054
Employee benefit-defined contribution accounts$30,133
Employee benefit-defined benefit accounts$16,067
Other retirement accounts$6,807
Corporate trust and agency accounts$1,157,421
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$0
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Bank Assets Sold and Securitized (December 31, 2008)
(Dollar figures in thousands)
Principal balance with servicing or other recourse retained
1-4 family residential loans $5,886
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 640 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 ORIGINATED597$172,968479$121,503448$22,00716$301,375200$181,88085$38,459
APPLICATIONS APPROVED, NOT ACCEPTED0$01$50,00047$9,7660$01$50,0009$5,111
APPLICATIONS DENIED29$65,58626$76,462312$8,7760$011$18,09179$7,367
APPLICATIONS WITHDRAWN22$105,36418$150,50042$14,0000$04$48,2509$26,444
FILES CLOSED FOR INCOMPLETENESS0$00$00$00$00$00$0
Choose year:  2007 2006 2005 2004 2003 2002

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

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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3 Ohio Branches as of 2009-05-14
NoIDNameAddressEstablishedService TypeMap
69272658Bellaire Branch3198 Belmont Street, Bellaire, OH 439061994-06-30Full Service Brick and Mortar
71212188Bellaire Kroger Branch400 28th Street, Bellaire, OH 439061998-10-17Full Service Brick and Mortar
72212189St. Clairsville Kroger Branch50789 Valley Plaza Drive, St. Clairsville, OH 439501998-10-17Full Service Brick and Mortar
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52 West Virginia Branches as of 2009-05-14
NoIDNameAddressEstablishedService TypeMap
04559United Bank514 Market Street, Parkersburg, WV 261011839-01-01Full Service Brick and Mortar
1212182Parkersburg Express Branch1029 Murdoch Avenue, Parkersburg, WV 261011978-07-26Full Service Brick and Mortar
34166Dunbar Branch1200 Grosscup Ave., Dunbar, WV 250641917-02-03Full Service Brick and Mortar
4208932Spring Hill Facility5151 Maccorkle Avenue, S.W., South Charleston, WV 253091975-03-03Limited Service Administrative
616257Huntington Branch2889 Third Ave, Huntington, WV 257021980-09-15Full Service Brick and Mortar
817389Rosemar Branch1 Rosemar Circle, Parkersburg, WV 261041984-05-09Full Service Brick and Mortar
914583Grand Central Mall Branch234 Grand Central Mall, Vienna, WV 261051973-05-29Full Service Brick and Mortar
10525Charleston Main500 Virginia Street, East, Charleston, WV 253221901-10-01Full Service Brick and Mortar
1214566Scott Depot BranchRoute 34 At Poplar Fork Road, Scott Depot, WV 255601973-05-11Full Service Brick and Mortar
13186121Town Center Branch1079 Charleston Town Center, Charleston, WV 253891983-11-07Full Service Brick and Mortar
1414669Big Chimney Branch4605 Pennsylvania Ave., Charleston, WV 253021973-09-10Full Service Brick and Mortar
1611370Vienna Branch2650 Grand Central Avenue, Vienna, WV 261051954-11-01Full Service Brick and Mortar
174565Ripley Branch113 North Street, Ripley, WV 252711893-01-01Full Service Brick and Mortar
18212200Ripley West Branch716 West Main Street, Ripley, WV 252711984-07-02Full Service Brick and Mortar
194556Montgomery Branch200 Fourth Street, Montgomery, WV 251361901-01-19Full Service Brick and Mortar
20212174Smithers BranchU.S. Route 60, Smithers, WV 251861984-03-22Full Service Brick and Mortar
219379Ansted Branch120 Main Street, Ansted, WV 258121935-01-02Full Service Brick and Mortar
238372Moundsville Branch621 Seventh Street, Moundsville, WV 260411896-01-01Full Service Brick and Mortar
26247777Three Springs Drive-In Branch109 Three Springs Drive, Weirton, WV 260621983-02-14Full Service Brick and Mortar
27247778Main Street Branch3567 Main Street, Weirton, WV 260621986-11-03Full Service Brick and Mortar
284576Glenville Branch101 East Main Street, Glenville, WV 263511932-09-14Full Service Brick and Mortar
291601Weston Branch202 Main Avenue, Weston, WV 264521906-04-24Full Service Brick and Mortar
318707Webster Springs BranchOne Court Square, Webster Springs, WV 262881934-02-20Full Service Brick and Mortar
33230645Cowen Branch90 Railroad Avenue, East, Cowen, WV 262061983-08-24Full Service Brick and Mortar
344533Ceredo Branch555 C Street, Ceredo, WV 255071892-07-12Full Service Brick and Mortar
36212100Westmoreland Branch473 Camden Road, Huntington, WV 257041986-12-01Full Service Brick and Mortar
374547Kenova Branch511 14th Street, Kenova, WV 255301910-12-31Full Service Brick and Mortar
3814323Westover Branch176 Holland Avenue, Westover, WV 265021972-07-01Full Service Brick and Mortar
40254886Star City Branch3441 University Avenue, Star City, WV 265051983-01-18Full Service Brick and Mortar
416386Beckley Main Branch129 Main Street, Beckley, WV 258021909-07-15Full Service Brick and Mortar
4316427Crossroads Mall Branch84 Crossroads Mall, Mount Hope, WV 258801981-05-06Full Service Brick and Mortar
4415399Sophia Branch425 Robert C. Byrd Dr., Sophia, WV 259211975-11-21Full Service Brick and Mortar
46274188Man Branch300 Market St., Man, WV 256351934-01-01Full Service Brick and Mortar
47274189Danville Branch1661 Smoot Ave, Danville, WV 250531934-01-01Full Service Brick and Mortar
4841902Logan Branch220 Main Street, Logan, WV 256011934-07-01Full Service Brick and Mortar
49274190Aracoma Branch507 Holly Ave. Route 10, Logan, WV 256011934-01-01Full Service Brick and Mortar
5040975Fayetteville Branch145 West Maple Avenue, Fayetteville, WV 258401910-01-01Full Service Brick and Mortar
51274191Raleigh Mall Shopping Center BranchRaleigh Mall Shopping Center, Beckley, WV 258011934-01-01Full Service Brick and Mortar
52274192Summersville Branch2004 West Webster Road, Summersville, WV 266511934-01-01Full Service Brick and Mortar
5542481Morgantown Branch154 Fayette Street, Morgantown, WV 265071935-01-01Full Service Brick and Mortar
57212185Walmart Superstore Branch550 Emily Drive, Clarksburg, WV 263011997-10-29Full Service Retail
585769Charles Town Main Branch106 West Washington Street, Charles Town, WV 254141906-05-08Full Service Brick and Mortar
59219315Shepherdstown Branch7866 Martinsburg Pike, Shepherdstown, WV 254431985-07-08Full Service Brick and Mortar
61272648Elm Grove Branch2180 National Rd, Wheeling, WV 260031934-07-01Full Service Brick and Mortar
62272652Warwood Shopping Plaza Branch1269 Warwood Ave., Wheeling, WV 260031934-07-01Full Service Brick and Mortar
63272653Bethlehem Branch14 Bethlehem Blvd, Wheeling, WV 260031934-07-01Full Service Brick and Mortar
6641901Wheeling Main21 Twelfth Street, Wheeling, WV 260031937-08-06Full Service Brick and Mortar
67272657Suncrest Branch1085 Van Voorhis Road Suite 1, Morgantown, WV 265051986-06-30Full Service Brick and Mortar
73362206Wheeling Kroger Branch200 Mt. Dechantal Road, Wheeling, WV 260031998-10-17Full Service Retail
84419472Kanawha City Branch4901 Maccorkle Avenue Se, Charleston, WV 253042002-09-20Full Service Brick and Mortar
85424215Premier Bank Branch24 District Way, Martinsburg, WV 254012005-07-18Full Service Brick and Mortar
86452374Shepherdstown Branch7867 Martinsburg Pike, Shepherdstown, WV 254432006-06-29Full Service Brick and Mortar
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