WV Banks at a Glance - WBOY.com: Clarksburg, Morgantown: News, Sports, Weather

WV Banks at a Glance

Posted: Updated:

Here are some fast facts you might not know about the status of banks in West Virginia:

As of Sept. 30, 2012, there were 61 banking companies based in West Virginia. Those banks had combined assets of $26.87 billion.

In size, those 61 banks ranged from WesBanco, with $5.555 billion, to First Federal Savings and Loan Association of Ravenswood with $13.84 million.

Altogether, 82 banks operate 671 offices in West Virginia, according to an FDIC database. As measured by deposits as of June 30, 2012, the largest banking office was that of BB&T at 300 Summer St. in Charleston with $913 million. Deposits at all locations in West Virginia totaled about $30.3 billion.

United Bank had the most locations in West Virginia with 60. It was followed by City National with 57, Wesbanco at 47, Huntington Bank with 35, J.P. Morgan Chase with 30 and First Community with 26.

Since Oct. 1, 2000, 494 banks in the United States have failed. Only one of those was in West Virginia. That was Ameribank in the McDowell County community of Northfork in 2008. Federal regulators shut down Ameribank because of what they called "excessive growth" in construction loans for property rehabilitation, mainly in low- and moderate-income housing markets.

In neighboring states in the same period, eight banks in Pennsylvania failed, eight in Maryland, seven in Ohio, four in Virginia and one in Kentucky, according to the FDIC.

West Virginia has 10 banking companies that were established in the 1800s. The oldest is United Bank, established on Jan. 1, 1839. The next three on the list of oldest banks are Jefferson Security Bank, May 19, 1869, WesBanco, Jan. 20, 1870, and Bank of Charles Town, Feb. 20, 1870.

According to call reports filed with the FDIC, United Bank reported the highest net income for the third quarter of 2012 with $44.99 million. Others were WesBanco with $39.59 million, City National Bank with $27.81 million, First State Bank of Barboursville with $6.17 million and Premier Bank with $5.20 million.

The only bank to report a net loss for the quarter was Doolin Security Savings Bank of New Martinsville, at $518,000.