The Terra Alta Bank
Terra Alta, WV — Domestic Branch of a Domestic Bank
Acquired Oct 2005
Vitals
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Total Assets75.2M 3.8 %
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Total Deposits62.5M 3.1 %
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Total Net Loans53.8M 1.2 %
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Net Income632000.0000 6.8 %
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Book Value7.5M -0.2 %
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Book Value x215.1M -0.2 %
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Book Value x322.6M -0.2 %
Balance Sheet Highlights
| Financial Highlights | The Terra Alta Bank | All Insured Commercial Banks in West Virginia |
| Balance Sheet $(000) | ||
| Total Assets | 75,171 | 151,893 |
| Total Net Loans | 53,757 | 101,116 |
| Total Deposits | 62,523 | 124,957 |
| Total Equity | 7,528 | 15,165 |
| Profitability | ||
| Net Income | 632 | 2,385 |
| Return on Average Assets | 1.139 | 1.065 |
| Return on Average Equity | 11.327 | 10.598 |
| Net Interest Margin | 3.934 | 4.313 |
| Efficiency Ratio | 55.232 | 63.522 |
| Noninterest Income/Revenue | 9.426 | 9.948 |
| Balance Sheet Ratios | ||
| Loan-to-Deposit | 85.98 | 79.193 |
| Securities/Assets | .177 | .574 |
| Total Equity/Total Assets | .1 | .1 |
| Tangible Equity/Tangible Assets | .1 | -.125 |
| Capital Adequacy | ||
| Tier 1 Common Capital | — | — |
| Tier 1 Capital | 7,641 | 14,862 |
| Tier 2 Capital | 580 | 1,117 |
| Total Capital | 8,221 | 15,976 |
| Total Risk Weighted Assets | 46,370 | 99,062 |
| Leverage Ratio | 10.26 | 10.389 |
| Common Equity Tier 1 Capital Ratio | — | — |
| Tier 1 Capital Ratio | 16.48 | 16.623 |
| Total Capital Ratio | 17.73 | 17.768 |
Timeline for The Terra Alta Bank
Clear Mountain Bank
The Terra Alta Bank was acquired by Clear Mountain Bank 18 years
View Profile Oct 11 2005
State Bancorp, Inc.
State Bancorp, Inc. became a new parent organization for The Terra Alta Bank.
View Profile Nov 16 1987
The Terra Alta Bank
The Terra Alta Bank was established 132 years ago and is currently headquartered in Terra Alta, WV.
Oct 21 1891| Acquisitions & Mergers | Role | Assets | Acct Method | Type | Transaction Date |
| Clear Mountain Bank | Buyer | 548,492 | Pooling of Interests | Discontinued | 10/11/2005 |
| Relationships | Role | Relationship Start | Relationship End |
| State Bancorp, Inc. | Parent | 11/16/1987 | 10/10/2005 |
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