<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) November 21, 1996
-----------------
SOUTHPOINT STRUCTURED ASSETS, INC.
- --------------------------------------------------------------------------------
(Exact Name of Registrant as Specified in its Charter)
Delaware
- --------------------------------------------------------------------------------
(State or Other Jurisdiction of Incorporation)
333-09883 51-6503749
- ----------------------------- -------------------------------
(Commission File Number) (I.R.S. Employer Identification
No.)
50 North Front Street, Memphis, Tennessee 38103
- --------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
(901) 524-4100
- --------------------------------------------------------------------------------
(Registrant's Telephone Number, Including Area Code)
Not Applicable
- --------------------------------------------------------------------------------
(Former Name or Former Address, if Changed Since Last Report)
================================================================================
<PAGE>
Item 5. Other Events.
Pursuant to an underwriting agreement, dated as of November 21, 1996
(the "Underwriting Agreement"), between the Registrant and Morgan
Keegan & Company, Inc. (the "Underwriter"), the Registrant has
committed to sell to the Underwriter $10,000,000 in aggregate
principal amount of Treasury Security-Backed Certificates, Series
1996-1, consisting of $5,000,000 in aggregate principal amount of
6.25% Class A Certificates due August 15, 2002 and $5,000,000 in
aggregate principal amount of 6.80% Class B certificates due May 15,
2006 (collectively, the "Certificates") pursuant to a Standard Terms
for Trust Agreements, dated as of November 1, 1996 as supplemented by
the Series Supplement, dated as of November 27, 1996 (the "Trust
Agreement"), between the Registrant and Bank One, West Virginia, N.A.,
as trustee (the "Trustee"). The Class A Certificates will be issued by
the Treasury Security-Backed Trust, Series 1996-1, Class A (the "Class
A Trust") and the Class B Certificates will be issued by the Treasury
Security-Backed Trust, Series 1996-1, Class B (the "Class B Trust")
both to be formed pursuant to the Trust Agreement.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
EXHIBIT
NO. DOCUMENT DESCRIPTION
8.1 Opinion of Chapman and Cutler as to certain tax matters
25.1 Statement of eligibility of Trustee
<PAGE>
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SOUTHPOINT STRUCTURED ASSETS, INC.
Dated: November 25, 1996 By:
-------------------------------
C. David Ramsey
President
<PAGE>
[LETTERHEAD OF CHAPMAN AND CUTLER]
November 27, 1996
Southpoint Structured Assets, Inc.
50 North Front Street
Memphis, Tennessee 38103
Morgan Keegan & Company, Inc.
Morgan Keegan Tower
50 North Front Street
Memphis, Tennessee 38103
Re: Southpoint Structured Assets, Inc.
Treasury Security-Backed Certificates, Series 1996-1
Ladies and Gentlemen:
We have acted as special counsel to Southpoint Structured Assets, Inc. (the
"Company") in connection with the issuance and sale of Treasury Security-Backed
Certificates, Series 1996-1, consisting of two classes designated as Class A
Certificates and Class B Certificates (collectively, the "Certificates")
pursuant to a Standard Terms for Trust Agreements, dated as of November 1, 1996
as supplemented by the Series Supplement, dated as of November 27, 1996 (the
"Trust Agreement"), between the Company and Bank One, West Virginia, N.A., as
trustee (the "Trustee").
The Class A Certificates will be issued by the Treasury Security-Backed
Trust, Series 1996-1, Class A (the "Class A Trust") and the Class B Certificates
will be issued by the Treasury Security-Backed Trust, Series 1996-1, Class B
(the "Class B Trust") both to be formed pursuant to the Trust Agreement (the
Class A Trust and the Class B Trust are collectively referred to herein as the
"Trusts"). The Class A Certificates will represent a fractional undivided
interest in the Class A Trust and the principal asset of the Class A Trust will
consist of a United States Treasury Note having an aggregate principal amount of
$5,000,000, a coupon of 6.375% and a maturity of August 15, 2002 (the "Class A
Treasury Note;"). The Class A Treasury Note will be deposited into the Class A
Trust subject to (i) the right of the holder of the Class A Call Warrant to
purchase the Class A Treasury Note on any date on or after May 15, 1997 (an
"Early Termination Date") at a price of par plus accrued interest to such Early
Termination Date (the "Liquidation Price") and (ii) the right of the holder of
the Class A Retained Interest to receive on each Class A Distribution Date from
payments received on the Class A Treasury Note, a distribution equal to .125%
<PAGE>
per annum multiplied by the principal amount of the Class A Treasury Note. The
Class B Certificates will represent a fractional undivided interest in the Class
B Trust and the principal asset of the Class B Trust will consist of a United
States Treasury Note having an aggregate principal amount of $5,000,000, a
coupon of 6.875% and a maturity of May 15, 2006 (the "Class B Treasury Note").
The Class B Treasury Note will be deposited into the Class B Trust subject to
(i) the right of the holder of the Class B Call Warrant to purchase the Class B
Treasury Note on the Early Termination Date at the Liquidation Price and (ii)
the right of the holder of the Class B Retained Interest to receive on each
Class B Distribution Date from payments received on the Class B Treasury Note, a
distribution equal to .075% per annum multiplied by the principal amount of the
Class B Treasury Note. The Class A Treasury Note and the Class B Treasury Note
are collectively referred to herein as the "Underlying Securities." The Trustee
will hold legal title to the Underlying Securities and other assets of the
Trusts for the benefit of the related Class of Certificateholders, but will have
no power to reinvest proceeds attributable to the Underlying Securities or other
assets of the Trusts or to vary investments in the Trusts in any manner.
The Certificates are included in a Registration Statement on Form S-3 (File
No. 333-09883) filed by the Company with the Securities and Exchange Commission
(the "Commission") on August 9, 1996, as amended by Amendment No. 1 to
Registration Statement filed on October 1, 1996, Amendment No. 2 to Registration
Statement filed on October 21, 1996 and Amendment No. 3 to Registration
Statement filed on November 13, 1996 and declared effective on November 15, 1996
(as amended as of the date hereof, the "Registration Statement"), and were
offered by the prospectus dated November 15, 1996, as supplemented by the
prospectus supplement dated November 21, 1996 (together, the "Prospectus"),
filed with the Commission pursuant to Rule 424(b) of the rules and regulations
of the Commission under the Securities Act of 1933, as amended (the "Act").
The Company will cause the issuance of the Certificates to Morgan Keegan &
Company, Inc. (the "Underwriter") pursuant to an Underwriting Agreement, dated
November 21, 1996, between the Company and the Underwriter (the "Underwriting
Agreement"; the Trust Agreement and the Underwriting Agreement are collectively
referred to herein as the "Agreements"). Capitalized terms used but not defined
herein shall have the meanings set forth in the Agreements. This opinion letter
is rendered pursuant to Section 8(f) of the Underwriting Agreement.
In arriving at the opinion expressed below, we have examined and relied on
the following documents each of which we have assumed has been duly and validly
authorized, executed and delivered by all parties thereto other than the
Company:
(a) executed copies of the Agreements;
2
<PAGE>
(b) the Prospectus;
(c) the forms of the Certificates; and
(d) the documents delivered by the Company on the Closing Date
pursuant to the Agreements.
In addition, we have relied, as to factual matters, on the representations
of the Company in the Agreements and on originals or copies certified or
otherwise identified to our satisfaction of all such corporate records of the
Company and such other instruments and other certificates of public officials,
officers and representatives of the Company and the Trustee, without any
investigation thereof. However, we have made such investigations of law, as we
have deemed appropriate as a basis for the opinion expressed below. Our opinion
is subject to the qualification that facts different from those set forth in the
Agreements and all such instruments or certificates may affect or prevent us
from rendering an opinion as expressed herein.
Our opinion is based on current provisions of the Internal Revenue Code of
1986, as amended (the "Code"), the Treasury Regulations promulgated thereunder,
published pronouncements of the Internal Revenue Service, and case law, any of
which may be changed at any time with retroactive effect. Further, you should be
aware that opinions of counsel are not binding on the Internal Revenue Service
or the courts. We note that the Company has not requested a ruling from the
Internal Revenue Service as to the matters covered by our opinion. We express no
opinion either as to any matters not specifically covered by the following
opinion or as to the effect on the matters covered by this opinion of the laws
of any other jurisdictions. Additionally, we undertake no obligation to update
this opinion in the event there is either a change in the legal authorities,
facts, including the taking of any action by any party to any of the
transactions described in the Prospectus pursuant to any opinion of counsel as
required by any of the documents relating to such transactions, or documents on
which this opinion is based, or an inaccuracy in any of the representations or
warranties upon which we have relied in rendering this opinion.
On the basis of the foregoing and in reliance thereon and our consideration
of such other matters of fact and questions of law as we have deemed necessary,
and assuming continuing compliance with the Trust Agreement, we are of the
opinion that:
(i) subject to the qualifications referred to herein, for Federal
income tax purposes, each Trust create under the Trust Agreement will be
treated as a grantor trust under Subpart E, Part I, of Subchapter J of the
Code and not as an association taxable as a corporation under the Code, and
under Section 671 of the Code, each Certificateholder will be treated as
the owner of a pro rata interest in the property of the corresponding
Trust; and,
3
<PAGE>
(ii) the applicable statements contained in the Prospectus Supplement,
under the caption "Federal Income Tax Consequences," while not purporting
to discuss all possible federal income tax consequences of an investment in
Certificates, is materially accurate with respect to those tax consequences
which are discussed.
We hereby consent to the filing of this opinion letter as an Exhibit to the
Registration Statement and to the references to our firm under the captions
"Federal Income Tax Consequences" and "Legal Opinions" in the Prospectus without
admitting that we are "experts" within the meaning of the Act, and the rules and
regulations thereunder, with respect to any part of the Registration Statement.
Respectfully submitted,
Chapman and Cutler
JDBerry/MJTrofa
4
<PAGE>
Registration No.
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION UNDER THE TRUST INDENTURE ACT OF
1939 OF A CORPORATION DESIGNATED TO ACT AS TRUSTEE
BANK ONE, WEST VIRGINIA, NA
Not Applicable 55-0170700
(State of Incorporation (I.R.S. Employer if
not a national bank) Identification No.)
707 Virginia Street, East, Charleston, West Virginia 25301
(Adress of trustee's principal executive offices) (Zip Code)
Teresa L. Davis
Vice President
c/o Bank One, West Virginia, NA
707 Virginia Street, East
Charleston, WV 25301
(304) 348-5667
(Name, address and telephone number of agent for service)
Southpoint Structured Assets, Inc.
(Exact name of obligor as specified in its charter)
Delaware 51-6503749
(State or other Jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
50 North Front Street, 16th Floor 38103
Memphis, Tennessee (Zip Code)
(Address of principal executive offices)
Treasury Security-Backed Certificates, 1996-1
<PAGE>
(Title of the Indenture securities)
GENERAL
1. General Information.
Furnish the following information as to the trustee:
(a) Name and address of each examining or supervising authority to
which it is subject.
Comptroller of the Currency, Washington, D.C.
Federal Reserve Bank, Richmond, Virginia
Federal Deposit Insurance Corporation, Washington, D.C.
Board of Governors of the Federal Reserve System, Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
2. Affiliations with Obligor and Underwriters.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
The obligor is not an affiliate of the trustee.
16. List of Exhibits
List below all exhibits filed as a part of this statement of eligibility
and qualification.
(Exhibits identified in parentheses, on file with the Commission, are
incorporated herein by reference as exhibits hereto.)
Exhibit 1 - A copy of the Articles of Association of the trustee as now in
effect.
Exhibit 2 - A copy of the Certificate of Authority of the trustee to commence
business.
Exhibit 3 - A copy of the Authorization of the trustee to exercise corporate
trust powers.
Exhibit 4 - A copy of the Bylaws of the trustee as now in effect.
<PAGE>
Exhibit 5 - Not applicable.
Exhibit 6 - The consent of the trustee required by Section 321(b) of the Trust
Indenture Act of 1939, as amended.
Exhibit 7 - Report of Condition of the trustee as of the close of business on
September 30, 1996, published pursuant to the requirements of the Comptroller of
the Currency.
Exhibit 8 - Not applicable.
Exhibit 9 - Not applicable.
Items 3 through 15 are not answered pursuant to General Instruction B which
requires responses to Item 1, 2 and 16 only, if the obligor is not in default.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, as
amended, the Trustee, Bank One, West Virginia, NA, a national banking
association organized under the National Banking Act, has duly caused this
statement of eligibility and qualification to be signed on its behalf by the
undersigned, thereunto duly authorized, all in Charleston, West Virginia on
November 25, 1996.
Bank One, West Virginia, NA
By: /s/ Teresa L. Davis
-------------------
Teresa L. Davis
Vice President
<PAGE>
Exhibit 1
Bank One, West Virginia, National Association
---------------------------------------------
ARTICLES OF ASSOCIATION
-----------------------
FIRST. The title of this Association shall be Bank One, West Virginia,
National Association.
SECOND. The main office of the Association shall be in Huntington, Cabell
County, State of West Virginia. The general business of the Association shall be
conducted at its main office and its branches.
THIRD. The Board of Directors of this Association shall consist of not
less than five nor more than twenty-five directors, the exact number of
Directors within such minimum and maximum limits to be fixed and determined from
time to time by resolution of the shareholders at any annual or special meeting
thereof, provided, however, that said Board, by resolution of a majority of the
full Board of Directors, shall be authorized to increase the number of said
Board by not more than two between regular meetings of the shareholders. Unless
otherwise provided by the laws of the United States, any vacancy in the Board of
Directors for any reason, including an increase in the number thereof, may be
filled by action of the Board of Directors. Each Director shall own common or
preferred stock of the Association or of a holding company owning the
Association, with an aggregate par, fair market or equity value of not less than
$1,000, as of either (i) the date of purchase (ii) the date the person became a
director, or (iii) the date of that person's most recent election to the Board
of Directors, whichever is more recent. Any combination of common or preferred
stock of the Association or holding company may be used.
FOURTH. The annual meeting of the shareholders for the election of
Directors and the transaction of whatever other business may be brought before
said meeting shall be held at the main office or such other place as the Board
of Directors may designate, on the day of each year specified therefore in the
By-Laws, but if no election is held on that day, it may be held on any
subsequent day according to the provisions of law; and all elections shall be
held according to such lawful regulations as may be prescribed by the Board of
Directors. Nominations for election to the Board of Directors may be made by the
Board of Directors or by any shareholder of any outstanding class of capital
stock of the Association entitled to vote for election of Directors. Nominations
other than those made by or on behalf of the existing management shall be made
in writing and be delivered or mailed to the president of the Association not
less than 14 days nor more than 50 days prior to any meeting of shareholders
called for the election of Directors; provided, however, that if less than 21
days notice of the meeting is given to shareholders, such nominations shall be
mailed or delivered to the president of the Association not later than the close
of business on the seventh day following the day on which the notice of meeting
was mailed. Such notification shall contain the following information to the
extent known to the notifying shareholder: (1) the name and address of each
proposed nominee; (2) the principal
<PAGE>
occupation of each proposed nominee; (3) the total number of shares of capital
stock of the Association that will be voted for each proposed nominee; (4) the
name and residence address of the notifying shareholder; and (5) the number of
shares of capital stock of the Association owned by the notifying shareholder.
Nominations not made in accordance herewith may, in his discretion, be
disregarded by the chairman of the meeting, and the vote tellers may disregard
all votes cast for each such nominee. No by-law may unreasonably restrict the
nomination of Directors by shareholders.
FIFTH. The authorized amount of capital stock of this Association shall be
60,000,000 shares of common stock of the par value of one dollar ($1.00) each;
but said capital stock may be increased or decreased from time to time, in
accordance with the provisions of the laws of the United States.
No holder of shares of the capital stock of any class of the
Association shall have any pre-emptive or preferential right of subscription to
any shares of any class of stock of this Association, whether now or hereafter
authorized or to any obligations convertible into stock of this Association,
issued or sold, nor any right of subscription to any thereof other than such, if
any, as the Board of Directors, in its discretion, may from time to time
determine and at such price as the Board of Directors may from time to time fix.
The Association, at any time and from time to time, may authorize and
issue debt obligations, whether or not Subordinated, without the approval of the
shareholders.
SIXTH. The Board of Directors shall appoint one of its members President
of this Association, who shall be Chairman of the Board, unless the Board
appoints another director to be the Chairman. The Board of Directors shall have
the power to appoint one or more Vice Presidents; and to appoint a Cashier, a
Secretary to the Board, and such other officers and employees as may be required
to transact the business of this Association.
The Board of Directors shall have the power to define the duties of
the officers and employees of the Association; to fix the salaries to be paid to
them; to require bonds from them and to fix the penalty thereof; to regulate the
manner in which any increase of the capital of the Association shall be made; to
manage and administer the business and affairs of the Association; to make all
By-Laws that it may be lawful for them to make; and generally to do and perform
all acts that it may be legal for a Board of Directors to do and perform.
SEVENTH. The Board of Directors shall have the power to change the
location of the main office to any other place within the limits of Cabell
County, West Virginia, without the approval of the shareholders but subject to
the approval of the Comptroller of the location of any branch or branches of the
Association to any other location, without the approval of the shareholders but
subject to the approval of the Comptroller of the Currency.
EIGHTH. The corporate existence of this Association shall continue until
terminated in accordance with the laws of the United States.
NINTH. The Board of Directors of this Association, or any three or more
shareholders owning, in the aggregate, not less than 10 percent of the stock of
this Association, may call a special
<PAGE>
meeting of shareholders at any time. Unless otherwise provided by the laws of
the United States, a notice of the time, place and purpose of every annual and
special meeting of the shareholders shall be given by first-class mail, postage
prepaid, and mailed at least ten days prior to the date of such meeting to each
shareholder of record at his address as shown upon the books of this
Association.
TENTH. Any person, his heirs, executors, or administrators, may be
indemnified or reimbursed by the Association for reasonable expenses actually
incurred in connection with any action, suit, or proceeding, civil or criminal,
to which he or they shall be made a party by reason of his being or having been
a director, officer, or employee of this Association or of any firm,
corporation, or organization which he served in any such capacity at the request
of the Association; provided, however, that no person shall be so indemnified or
reimbursed in relation to any matter in such action, suit, or proceeding as to
which he shall finally be adjudged to have been guilty of or liable for gross
negligence, willful misconduct or criminal acts in the performance of his duties
to the Association; and, provided further, that no person shall be so
indemnified or reimbursed in relation to any matter in such action, suit, or
proceeding which has been made the subject of a compromise settlement except
with the approval of a court of competent jurisdiction, or the holders of record
of a majority of the outstanding shares of this Association, or the Board of
Directors, acting by vote of a majority of the Directors not parties to the same
or substantially the same action, suit, or proceeding, and, provided further
that no person shall be indemnified or reimbursed against expenses, penalties or
other payments incurred in an administrative proceeding or action instituted by
any bank regulatory agency governing or having supervisory or other regulatory
authority over this Association and which proceeding or action results in a
final order assessing civil money penalties or requiring affirmative action by
any such person or persons in the form of payments to this Association. The
foregoing right of indemnification or reimbursement shall not be exclusive of
other rights to which such person, his heirs, executors, or administrators, may
be entitled as a matter of law.
The Association may, upon the affirmative vote of a majority of its Board
of Directors, purchase insurance for the purpose of indemnifying its directors,
officers and other employees to the extent that such indemnification is allowed
in the proceeding paragraph. Such insurance may, but need not, be for the
benefit of all directors, officers or employees.
ELEVENTH. These Articles of Association may be amended at any regular or
special meeting of the shareholders by the affirmative vote of the holders of a
majority of the stock of this Association, unless the vote of the holders of a
greater amount of stock is required by law, and in that case by the vote of the
holders of such greater amount.
Effective September 30, 1994
<PAGE>
Schedule 2
A. Michael Perry
Bruce S. Bailey
Frank A. Baer, II
Philip E. Cline
James H. Davis III
Ben Exley
Harry M. Hatfield
Charles R. Hooten, Jr.
Elmo Hurst
William B. Maxwell
Herman E. Rogers
Neal W. Scaggs
Wylie Stowers
Howard C. White
Anne R. Williams
Lanny Williamson
<PAGE>
Exhibit 3
COMPTROLLER OF THE CURRENCY
TREASURY DEPARTMENT OF THE UNITED STATES
[PHOTO]
Washington, D.C.
WHEREAS, THE FIRST HUNTINGTON NATIONAL BANK, LOCATED IN HUNTINGTON, STATE
OF WEST VIRGINIA, BEING A NATIONAL BANKING ASSOCIATION, ORGANIZED UNDER THE
STATUTES OF THE UNITED STATES, HAS MADE APPLICATION FOR AUTHORITY TO ACT AS
FIDUCIARY
AND WHEREAS, APPLICABLE PROVISIONS OF THE STATUTES OF THE UNITED STATES
AUTHORIZE THE GRANT OF SUCH AUTHORITY;
NOW THEREFORE, I HEREBY CERTIFY THAT THE NECESSARY APPROVAL HAS BEEN GIVEN
AND THAT THE SAID ASSOCIATION IS AUTHORIZED TO ACT IN ALL FIDUCIARY CAPACITIES
PERMITTED BY SUCH STATUTES.
[SEAL] IN TESTIMONY WHEREOF, WITNESS MY SIGNATURE
AND SEAL OF OFFICE THIS TWENTY-SEVENTH DAY
OF JANUARY 1977
/s/ Robert Bloom
ROBERT BLOOM
ACTING COMPTROLLER OF THE CURRENCY
CHARTER NO. 3106
<PAGE>
Exhibit 4
BYLAWS
------
THE FIRST HUNTINGTON NATIONAL BANK
----------------------------------
HUNTINGTON, WEST VIRGINIA
-------------------------
APRIL 9, 1968
-------------
Section 1,1 Amended 11/12/69 (Amendments attached hereto)
Section 2,5 Amended 11/12/69 (Amendments attached hereto)
Section 1, Amended 12/12/72 (Amendments attached hereto)
2,2 Amended 12/12/72 (Amendments attached hereto)
Section 29 Added 12/12/72 Included
2,10
2,11
Section 1.1 amended 1-13-76 (Amendment attached hereto)
<PAGE>
[LOGO]
- --------------------------------------------------------------------------------
COMPTROLLER OF THE CURRENCY
ADMINISTRATOR OF NATIONAL BANKS
- --------------------------------------------------------------------------------
MULTINATIONAL BANKING
250 E STREET, S.W.
WASHINGTON, D.C. 20219
(202) 874-4610
September 27, 1994
Mr. Charles F. Andrews
Assistant General Counsel
Banc One Corporation
100 East Broad Street
Columbus, Ohio 43271-0152
Dear Mr. Andrews:
This letter is the official certification of the Office of the Comptroller of
the Currency, effective as of September 30, 1994, to merge the following banks
with and into Bank One, West Virginia, Huntington, National Association, under
the title of Bank One, West Virginia, National Association, charter number 6768:
Bank One, West Virginia, Beckley, National Association
Bank One, West Virginia, Boone, National Association
Bank One, West Virginia, Buckhannon, National Association
Bank One West Virginia, Charles Town, Inc.
Bank One, West Virginia, Charleston, National Association
Bank One, West Virginia, Clarksburg, National Association
Bank One, West Virginia, Lincoln, National Association
Bank One, West Virginia, Logan, National Association
Bank One, West Virginia, Nicholas County, Inc.
Bank One, West Virginia, Philippi, National Association
Bank One, West Virginia, St. Albans, National Association
Bank One, West Virginia, Wayne County, Inc.
Bank One, West Virginia, Williamson, National Association
Branch authorizations previously granted to the above national banks
automatically convey to Bank One, West Virginia, National Association and will
not be reissued in the name of the latter. This letter also serves to authorize
the resulting bank to operate, as branches, the former
<PAGE>
-2-
head offices and branches of the above banks at the sites indicated in the
attachment to this letter.
Copies of this certificate and attachment should be furnished to personnel
responsible for branch administration. If you have questions, please contact
National Bank Examiner Robert C. Criswell of this Office at (202) 874-4610.
Sincerely,
/s/ Richard T. Erb
Richard T. Erb
Acting Associate Deputy Comptroller [SEAL]
Charter Number 6768
Application Number 94-ML-02-017
Attachment
<PAGE>
THE FIRST HUNTINGTON NATIONAL BANK
----------------------------------
BYLAWS
------
ARTICLE I
---------
Meetings of Shareholders
------------------------
Section 1.1. Annual Meeting. The regular annual meeting of the
shareholders for the election of directors and the transaction of whatever other
business may properly come before the meeting, shall be held at the Main Office
of the Association, in the City of Huntington, West Virginia, or such other
place as the Board of Directors may designate, at 2:00 o'clock, on the second
Tuesday of January each year. Notice of such meeting shall be mailed, postage
prepaid, at least ten days prior to the date thereof, addressed to each
shareholder at his address appearing on the books of the Association. If, from
any cause, an election of directors is not made on the said day, the Board of
Directors shall order the election to be held on some subsequent day, as soon
thereafter as practicable, according to the provisions of law; and notice
thereof shall be given in the manner herein provided for the annual meeting.
Section 1.2. Special Meetings. Except as otherwise specifically provided
by statute, special meetings of the shareholders may be called for any purpose
at any time by the Board of Directors or by any three or more shareholders
owning, in the aggregate, not less than twenty-five percent of the stock of the
Association. Every such special meeting, unless otherwise provided by law, shall
be called by mailing, postage prepaid, not less than ten days prior to the date
fixed for such meeting, to each shareholder at his address appearing on the
books of the Association, a notice stating the purpose of the meeting.
Section 1.3. Nominations for Director. Nominations for election to the
Board of Directors may be made by the Board of Directors or by any stockholder
of any outstanding class of capital stock of the bank entitled to vote for the
election of directors. Nominations, other than those made by or on behalf of the
existing management of the bank, shall be made in writing and shall be delivered
or mailed to the President of the bank and to the Comptroller of the Currency,
Washington, D.C., not less than 14 days nor more than 50 days prior to any
meeting of stockholders called for the election of directors, provided however,
that if less than 21 days' notice of the meeting is given to shareholders, such
nomination shall be mailed or delivered to the President of the bank and to the
Comptroller of the Currency not later than the close of business on the seventh
day following the day on which the notice of meeting was mailed. Such
notification shall contain the following information to the extent known to the
notifying shareholder: (a) the name and address of each proposed nominee; (b)
the principal occupation of each proposed nominee; (c) the total number of
<PAGE>
-2-
shares of capital stock of the bank that will be voted for each proposed
nominee; (d) the name and residence address of the notifying shareholder; and
(e) the number of shares of capital stock of the bank owned by the notifying
shareholder. Nominations not made in accordance herewith may, in his discretion,
be disregarded by the chairman of the meeting, and upon his instructions, the
vote tellers may disregard all votes cast for each such nominee.
Section 1.4. Judges of Election. Every election of directors shall be
managed by one or more judges, who shall be appointed from among the
shareholders by the Board of Directors. The judges of election shall hold and
conduct the election at which they are appointed to serve; and, after the
election, they shall file with the Secretary of the Board a certificate under
their hands, certifying the result thereof and the names of the directors
elected. The judges of election, at the request of the Chairman of the meeting,
shall act as tellers of any other vote by ballot taken at such meeting, and
shall certify the result thereof.
Section 1.5. Proxies. Shareholders may vote at any meeting of the
shareholders by proxies duly authorized in writing, but no officer or employee
of this Association shall act as proxy. Proxies shall be valid only for one
meeting, to be specified therein, and any adjournments of such meeting. Proxies
shall be dated and shall be filed with the records of the meeting.
Section 1.6. Quorum. A majority of the outstanding capital stock,
represented in person or by proxy, shall constitute a quorum at any meeting of
shareholders, unless otherwise provided by law; but less than a quorum may
adjourn any meeting, from time to time, and the meeting may be held, as
adjourned, without further notice. A majority of the votes cash shall decide
every question or matter submitted to the shareholders at any meeting, unless
otherwise provided by law or by the Articles of Association.
<PAGE>
R E S O L U T I O N
-------------------
AMENDING THE BY-LAWS OF
-----------------------
THE FIRST HUNTINGTON NATIONAL BANK
----------------------------------
RESOLVED, that Section 2.5 of the By-Laws of this Association is amended to read
as follows:
"Section 2.5. Regular Meetings. The Regular Meetings of the Board of
Directors shall be held, without notice, on the second Wednesday of each month
at the Main Office. When any regular meeting of the Board falls upon a holiday,
the meeting shall be held on the next banking business day unless the Board
shall designate some other day."
<PAGE>
-3-
ARTICLE II
----------
Directors
---------
Section 2.1. Board of Directors. The Board of Directors (hereinafter
referred to as the "Board"), shall have power to manage and administer the
business and affairs of the Association. Except as expressly limited by law, all
corporate powers of the Association shall be vested in and may be exercised by
said Board.
Section 2.2. Number. The Board shall consist of not less than five nor more
than twenty-five shareholders, the exact number within such minimum and maximum
limits to be fixed and determined from time to time by resolution of a majority
of the full Board or by resolution of the shareholders at any meeting thereof;
provided, however, that a majority of the full Board of Directors may not
increase the number of directors to a number which; (1) exceeds by more than two
the number of directors last elected by shareholders where such number was
fifteen or less; and (ii) to a number which exceeds by more than four the number
of directors last elected by shareholders where such number was sixteen or more,
but in no event shall the number of directors exceed twenty-five. The Board of
Directors may appoint Advisory, Consultant, or Honorary directors.
Section 2.3. Age Limit. With the exception of those persons who are members
of the Board of Directors on April 9, 1968, (date of adoption) no person shall
be nominated, elected, appointed to fill a vacancy, or eligible to serve on the
Board who has attained the age of 72 years.
Section 2.4. Organization Meeting. The Secretary, upon receiving the
certificate of the judges, of the result of any election, shall notify the
directors-elect of their election and of the time at which they are required to
meet at the Main Office of the Association for the purpose of organizing the new
Board and electing and appointing officers of the Association for the succeeding
year. Such meeting shall be appointed to be held on the day of the election or
as soon as thereafter as practicable, and, in any event, within thirty days
thereof. If, at the time fixed for such meeting, there shall not be a quorum
present, the directors present may adjourn the meeting, from time to time, until
a quorum is obtained.
Section 2.5. Regular Meetings. The Regular Meetings of the Board of
Directors shall be held, without notice, on the second Tuesday of each month at
the Main Office. When any regular meeting of the Board falls upon a holiday,
the meeting shall be held on the next banking business day unless the Board
shall designate some other day.
Section 2.6. Special Meetings. Special meetings of the Board of Directors
may be called by the President or Chairman of the Association, or at the request
of three (3) or more directors. Each member of the Board of Directors shall be
given notice stating the time and place, by telegram, letter, or in person, of
each such special meeting.
<PAGE>
-4-
Section 2.7. Quorum. A majority of the directors shall constitute a quorum
at any meeting, except when otherwise provided by law; but a less number may
adjourn any meeting, from time to time, and the meeting may be held, as
adjourned, without further notice.
Section 2.8. Vacancies. When any vacancy occurs among the Directors, the
remaining members of the Board, in accordance with the laws of the United
States, may appoint a director to fill such vacancy at any regular meeting of
the Board, or at a special meeting called for that purpose.
ARTICLE III
-----------
Committees of the Board
-----------------------
Section 3.1. Executive and Discount Committee. There shall be an Executive
and Discount Committee composed of seven or more Directors, appointed by the
Board annually or more often. The Executive and Discount Committee shall have
power to discount and purchase bills, notes and other evidences of debt, to buy
and sell bills of exchange, to examine and approve loans and discounts, to
exercise authority regarding loans and discounts, and to exercise, when the
Board is not in session, all other powers of the Board that may be lawfully
delegated. The Executive and Discount Committee shall keep minutes of its
meetings, and such minutes shall be submitted at the next regular meeting of the
Board of Directors at which a quorum is present, and any action taken by the
Board with respect thereto shall be entered in the minutes of the Board.
Section 3.2. Examining Committee. There shall be a standing committee of
this Association known as the Examining Committee, appointed annually by the
Board of Directors. Each member of this Committee shall serve until his
successor is appointed, and the Committee shall consist of three members of the
Board of Directors, none of whom shall be active officers of the Association.
The duties of this Committee shall be to make suitable examinations every twelve
months of the affairs of the Association. The Auditing Department of the bank
may make a continuing audit of the assets and liabilities, earnings and
expenses, and operating procedures of the Association. The result of such
examination or audit shall be reported by the Committee in writing to the Board
of Directors at the next regular meeting thereafter, stating whether the
Association is in a sound and solvent condition; whether adequate internal audit
controls and procedures are being maintained, and recommending to the Board such
changes in the manner of doing business, etc., as shall be deemed advisable.
The Examining Committee, upon its own recommendation and with the approval
of the Board of Directors, may employ a qualified firm of certified public
accountants to make an examination and audit of the Association. If such
procedure is followed, one annual examination and audit by such firm of
accountants and the presentation of its report to the Board of Directors will be
deemed sufficient to comply with the requirements of this section of the Bylaws.
Section 3.3. Other Committees. The Board of Directors may appoint from time
to time, from its own members, other committees of one or more persons, for such
purposes and with such powers as the Board may determine.
<PAGE>
-5-
ARTICLE IV
----------
Officers and Employees
----------------------
Section 4.1. Chairman of the Board. The Board of Directors may appoint one
of its members to be Chairman of the Board to serve at the pleasure of the
Board. He shall preside at all meetings of the Board of Directors. The Chairman
of the Board shall supervise the carrying out of the policies adopted or
approved by the Board. He shall have general executive powers, as well as the
specific powers and duties as from time to time may be conferred upon, or
assigned to, him by the Board of Directors.
Section 4.2. President. The Board of Directors shall appoint one of its
members to be President of the Association. In the absence of the Chairman, he
shall preside at any meeting of the Board. The President shall have general
executive powers. He shall also have and may exercise such further powers and
duties as from time to time be conferred upon, or assigned to, him by the Board
of Directors.
Section 4.3. Vice President. The Board of Directors may appoint one or
more Vice Presidents. Each Vice President shall have such powers and duties as
may be assigned to him by The Board of Directors. One Vice President shall be
designated by the Board of Directors, in the absence of the President, to
perform all the duties of the President.
Section 4.4. Secretary. The Board of Directors shall appoint a designated
officer who shall be Secretary of the Board and of the Association, and shall
keep accurate minutes of all meetings. He shall attend to the giving of all
notices required by these Bylaws to be given. he shall be custodian of the
corporate seal, records, documents and papers of the Association. He shall
provide for the keeping of proper records of all transactions of the
Association. He shall have and may exercise any and all other powers and duties
pertaining by law, regulation or practice, to the office of Secretary, or
imposed by these Bylaws. He shall also perform such other duties as may be
assigned to him, from time to time, by the Board of Directors.
Section 4.5. Other Officers. The Board of Directors shall appoint a
Cashier and may appoint one or more Assistant Vice Presidents, one or more Trust
Officers, one or more Assistant Secretaries, one or more Assistant Cashiers, one
or more Managers and Assistant Managers of Branches and such other officers and
Attorneys-in-fact as from time to time may appear to the Board of Directors to
be required or desirable to transact the business of the Association. Such
officers shall respectively exercise such powers and perform such duties as
pertain to their several offices, or as may be conferred upon, or assigned to,
them by the Board of Directors, the Chairman of the Board, or the President.
Section 4.6. Employees. Subject to the authority of the Board of
Directors, the President, or any other officer of the Association authorized by
him, may appoint and dismiss all or any clerks, agents and employees and
prescribe their duties and the conditions of their employment, and from time to
time fix their compensation.
<PAGE>
-6-
Section 4.7. Tenure of Office. The President shall hold his office for
the current year for which the Board of which he shall be a member was elected,
unless he shall resign, become disqualified, or be removed, and any vacancy
occurring in the office of President shall be filled promptly by the Board of
Directors.
ARTICLE V
---------
Trust Department
----------------
Section 5.1. Trust Department. There shall be a department of the
Association known as the Trust Department which shall perform the fiduciary
responsibilities of the Association.
Section 5.2. Trust Officer. There shall be a Trust Officer of this
Association whose duties shall be to manage, supervise and direct all the
activities of the Trust Department. He shall do or cause to be done all things
necessary or proper in carrying on the business of the Trust Department in
accordance with provisions of law and applicable regulations. He shall act
pursuant to opinion of counsel where such opinion is deemed necessary. Opinions
of counsel shall be retained on file in connection with all important matters
pertaining to fiduciary activities. The Trust Officer shall be responsible for
all assets and documents held by the Association in connection with fiduciary
matters.
The Board of Directors may appoint such other officers of the Trust
Department as it may deem necessary, with such duties as may be assigned.
Section 5.3. Trust Investment Committee. There shall be a Trust
Investment Committee of this Association of seven or more members, who shall be
capable and experienced officers or directors of the Association. All
investments of funds held in a fiduciary capacity shall be made, retained or
disposed of only with the approval of the Trust Investment Committee; and the
Committee shall keep minutes of all its meetings, showing the disposition of all
matters considered and passed upon by it. The Committee shall, promptly after
the acceptance of an account for which the bank has investment responsibilities,
review the assets thereof, to determine the advisability of retaining or
disposing of such assets. The Committee shall conduct a similar review at least
once during each calendar year thereafter and within fifteen months of the last
such review. A report of all such reviews, together with the action taken as a
result thereof, shall be noted in the minutes of the Committee.
Section 5.4. Trust Audit Committee. The Board of Directors shall appoint
a committee of three directors, exclusive of any active officers of the
Association, which shall, at least once during each calendar year and within
fifteen months of the last such audit make suitable audits of the Trust
Department or cause suitable audits to be made by auditors responsible only to
the Board of Directors, and at such time shall ascertain whether the department
has been administered in accordance with law, Regulation 9, and sound fiduciary
principles.
Section 5.5. Trust Department Files. There shall be maintained in the
Trust Department files containing all fiduciary records necessary to assure that
its fiduciary responsibilities have been properly undertaken and discharged.
<PAGE>
R E S O L U T I O N
-------------------
ARTICLE VI
----------
Stock and Stock Certificates
----------------------------
Section 6.1. Transfers. Shares of stock shall be transferable on the
books of the Association, and a transfer book shall be kept in which all
transfers of stock shall be recorded. Every person becoming a shareholder by
such transfer shall, in proportion of his shares, succeed to all rights and
liabilities of the prior holder of such shares.
Section 6.2. Stock Certificate. Certificates of stock shall bear the
signature of two of the following: Chairman, President, or any Vice President.
Each certificate shall recite on its face that the stock represented thereby is
transferable only upon the books of the Association properly endorsed.
March 24, 1976
<PAGE>
-7-
Section 5.6. Trust Investments. Funds held in a fiduciary capacity shall
be invested in accordance with the instrument establishing the fiduciary
relationship and local law. Where such instrument does not specify the
character and class of investments to be made and does not vest in the bank a
discretion in the matter, funds held pursuant to such instrument shall be
invested in investments in which corporate fiduciaries may invest under local
law.
ARTICLE VI
----------
Stock and Stock Certificates
-----------------------------
Section 6.1. Transfers. Shares of stock shall be transferable on the
books of the Association, and a transfer book shall be kept in which all
transfers of stock shall be recorded. Every person becoming a shareholder by
such transfer shall, in proportion to his shares, succeed to all rights and
liabilities of the prior holder of such shares.
Section 6.2. Stock Certificates. Certificates of stock shall bear the
signature of the Chairman, President, Vice President, Assistant Vice President,
Cashier, Assistant Cashier, or any other officer appointed by the Board for that
purpose (which may be engraved, printed or impressed), and shall be signed
manually or by facsimile process by the Cashier, Assistant Cashier, or any other
officer appointed by the Board of Directors for that purpose, to be known as an
Authorized Officer, and the seal of the Association shall be engraven thereon.
Each certificate shall recite on its face that the stock represented thereby is
transferable only upon the books of the Association properly endorsed.
ARTICLE VII
-----------
Corporate Seal
--------------
The President, the Chairman, the Cashier, the Secretary or any Assistant
Cashier or Assistant Secretary, or other officer thereunto designated by the
Board of Directors, shall have authority to affix the corporate seal to any
document requiring such seal, and to attest the same. Such seal shall be
substantially in the following form:
(Impression)
( of )
( Seal )
ARTICLE VIII
------------
Miscellaneous Provisions
------------------------
Section 8.1. Fiscal Year. The fiscal year of the Association shall be the
calendar year.
<PAGE>
-8-
Section 8.2. Execution of Instruments. All agreements, indentures,
mortgages, deeds, conveyances, transfers, certificates, declarations, receipts,
discharges, releases, satisfactions, settlements, petitions, schedules,
accounts, affidavits, bonds, undertakings, proxies and other instruments or
documents may be signed, executed, acknowledged, verified, delivered or accepted
in behalf of the Association by the Chairman of the Board, or the President, or
any Vice President, or the Secretary, or the Cashier, or, if in connection with
the exercise of fiduciary powers of the Association, by any of said officers or
by any Trust Officer. Any such instruments may also be executed, acknowledged,
verified, delivered of accepted in behalf of the Association in such other
manner and by such other officers as the Board of Directors may from time to
time direct. The provisions of this Section 8.2 are supplementary to any other
provision of these Bylaws.
Section 8.3. Records. The Articles of Association, the Bylaws and the
proceedings of all meeting of the shareholders, the Board of Directors, standing
committees of the Board, shall be recorded in appropriate minute books provided
for the purpose. The minutes of each meeting shall be signed by the Secretary,
Cashier or other officer appointed to act as Secretary of the meeting.
Section 8.4. Banking Hours. The Board of Directors shall, from time to
time, fax appropriate hours the Association shall be open for business.
ARTICLE IX
----------
Bylaws
------
Section 9.1. Inspection. A copy of the Bylaws, with all amendments
thereto, shall at all times be kept in a convenient place at the Head Office of
the Association, and shall be open for inspection to all shareholders, during
banking hours.
Section 9.2. Amendments. The Bylaws may be amended, altered or repealed,
at any regular meeting of the Board of Directors, by a vote of a majority of the
whole number of the Directors.
<PAGE>
Federal Deposit Insurance Corporation
OMB Number: 3064-0052
Office of the Comptroller of the Currency
OMB Number: 1667-0081
Expires March 31, 1999
FEDERAL FINANCIAL INSTITUTIONS EXAMINATION COUNCIL
- --------------------------------------------------------------------------------
[1]
Please refer to page 1,
[LOGO] Table of Contents, for
the required disclosure
of estimated burden.
- --------------------------------------------------------------------------------
CONSOLIDATED REPORTS OF CONDITION AND INCOME FOR
A BANK WITH DOMESTIC OFFICES ONLY AND
TOTAL ASSETS OF $300 MILLION OR MORE--FFIEC 032
(960930)
REPORT AT THE CLOSE OF BUSINESS SEPTEMBER 30, 1996 --------
(RCRI 9999)
This report is required by law: 12 U.S.C. (S)324 (State member banks); 12 U.S.C.
(S)1817 (State nonmember banks); and 12 U.S.C. (S)161 (National banks).
This report form is to be filed by banks with domestic offices only. Banks with
branches and consolidated subsidiaries in U.S. territories and possessions, Edge
or Agreement subsidiaries, foreign branches, consolidated foreign subsidiaries,
or International Banking Facilities must file FFIEC 031.
- --------------------------------------------------------------------------------
NOTE: The Reports of Condition and Income must be signed by an authorized
officer and the Report of Condition must be attested to by not less than two
directors (trustees) for State nonmember banks and three directors for State
member and National banks.
I,______________________________________________________________________________
Name and Title of Officer Authorized to Sign Report
of the named bank do hereby declare that these Reports of Condition and Income
(including the supporting schedules) have been prepared in conformance with the
instructions issued by the appropriate Federal regulatory authority and are true
to the best of my knowledge and belief.
________________________________________________________________________________
Signature of Officer Authorized to Sign Report
________________________________________________________________________________
Date of Signature
The Reports of Condition and Income are to be prepared in accordance with
Federal regulatory authority instructions. NOTE: These instructions may in some
cases differ from generally accepted accounting principles.
We, the undersigned directors (trustees), attest to the correctness of this
Report of Condition (including the supporting schedules) and declare that it has
been examined by us and to the best of our knowledge and belief has been
prepared in conformance with the instructions issued by the appropriate Federal
regulatory authority and is true and correct.
________________________________________________________________________________
Director (Trustee)
________________________________________________________________________________
Director (Trustee)
________________________________________________________________________________
Director (Trustee)
________________________________________________________________________________
FOR BANKS SUBMITTING HARD COPY REPORT FORMS:
STATE MEMBER BANKS: Return the original and one copy to the appropriate Federal
Reserve District Bank.
STATE NONMEMBER BANKS: Return the original only in the special return address
envelope provided. If express mail is used in lieu of the special return address
envelope, return the original only to the FDIC, c/o Quality Data Systems, 2127
Espey Court, Suite 204, Crofton, MD 21114.
NATIONAL BANKS: Return the original only in the special return address envelope
provided. If express mail is used in lieu of the special return address
envelope, return the original only to the FDIC, c/o Quality Data Systems, 2127
Espey Court, Suite 204, Crofton, MD 21114.
________________________________________________________________________________
FDIC Certificate Number | | | | | |
-----------
(RCRI 9050)
CALL NO. 197 32 09-30-96
ST8K: 54-0620 00088 STCERT: 54-06768
BANK ONE, WEST VIRGINIA, NATIONAL AS
1000 FIFTH AVENUE
HUNTINGTON, WV 25701
Board of Governors of the Federal Reserve System, Federal Deposit Insurance
Corporation, Office of the Comptroller of the Currency
<PAGE>
FFIEC 032
Page i
[2]
Consolidated Reports of Condition and Income for
A Bank With Domestic Offices Only and Total Assets of $300 Million or More
- --------------------------------------------------------------------------
TABLE OF CONTENTS
SIGNATURE PAGE COVER
REPORT OF INCOME
Schedule RI--Income Statement...................................... RI-1, 2, 3
Schedule RI-A--Changes in Equity Capital................................. RI-3
Schedule RI-B--Charge-offs and Recoveries and
Changes in Allowance for Loan and Lease
Losses.............................................................. RI-4, 5
Schedule RI-C--Applicable Income Taxes by
Taxing Authority....................................................... RI-5
Schedule RI-E--Explanations........................................... RI-5, 6
DISCLOSURE OF ESTIMATED BURDEN
The estimated average burden associated with this information collection is 32.2
hours per respondent and is estimated to vary from 15 to 230 hours per response,
depending on individual circumstances. Burden estimates include the time for
reviewing instructions, gathering and maintaining data in the required form,
and completing the information collection, but exclude the time for compiling
and maintaining business records in the normal course of a respondent's
activities. Comments concerning the accuracy of this burden estimate and
suggestions for reducing this burden should be directed to the Office of
Information and Regulatory Affairs, Office of Management and Budget, Washington,
D.C. 20503, and to one of the following:
Secretary
Board of Governors of the Federal Reserve System
Washington, D.C. 20551
Legislative and Regulatory Analysis Division
Office of the Comptroller of the Currency
Washington, D.C. 20219
Assistant Executive Secretary
Federal Deposit Insurance Corporation
Washington, D.C. 20219
For information or assistance, national and state nonmember banks should contact
the FDIC's Call Reports Analysis Unit, 550 17th Street, NW, Washington, D.C.
20429, toll free on (800) 688-FDIC(3342), Monday through Friday between 8:00
a.m. and 5:00 p.m., Eastern time. State member banks should contact their
Federal Reserve District Bank.
REPORT OF CONDITION
Schedule RC--Balance Sheet............................................ RC-1, 2
Schedule RC-A--Cash and Balances Due
From Depository Institutions........................................... RC-3
Schedule RC-B--Securities.......................................... RC-3, 4, 5
Schedule RC-C--Loans and Lease Financing
Receivables:
Part I. Loans and Leases............................................ RC-6, 7
Part II. Loans to Small Businesses and
Small Farms (included in the forms for
June 30 only)..................................................... RC-7a, 7b
Schedule RC-D--Trading Assets and Liabilities
(to be completed only by selected banks)............................... RC-8
Schedule RC-E--Deposit Liabilities................................... RC-9, 10
Schedule RC-F--Other Assets............................................. RC-11
Schedule RC-G--Other Liabilities........................................ RC-11
Schedule RC-K--Quarterly Averages....................................... RC-12
Schedule RC-L--Off-Balance Sheet
Items......................................................... RC-13, 14, 15
Schedule RC-M--Memoranda............................................ RC-16, 17
Schedule RC-N--Past Due and Nonaccrual
Loans, Leases, and Other Assets................................... RC-18, 19
Schedule RC-O--Other Data for Deposit
Insurance Assessments............................................. RC-20, 21
Schedule RC-R--Regulatory Capital................................... RC-22, 23
Optional Narrative Statement Concerning
the Amounts Reported in the Reports
of Condition and Income............................................... RC-24
Special Report (TO BE COMPLETED BY ALL BANKS)
Schedule RC-J--Repricing Opportunities (sent only to
and to be completed only by savings banks)
<PAGE>
<TABLE>
<CAPTION>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
Consolidated Report of Condition for Insured Commercial
and State-Chartered Savings Banks for September 30, 1996
All schedules are to be reported in thousands of dollars. Unless otherwise indicated,
report the amount outstanding as of the last business day of the quarter.
Schedule RC--Balance Sheet
______
|C300| --
-----------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
ASSETS | ////////////////// |
1. Cash and balances due from depository institutions (from Schedule RC-A): | ////////////////// |
a. Noninterest-bearing balances and currency and coin(1)....................................... | 0081 104,779 | 1.a.
b. Interest-bearing balances (2)............................................................... | 0071 0 | 1.b.
2. Securities: | ////////////////// |
a. Held-to-maturity securities (from Schedule RC-B, column A).................................. | 1754 20,470 | 2.a.
b. Available-for-sale securities (from Schedule RC-B, column D)................................ | 1773 399,145 | 2.b.
3. Federal funds sold and securities purchased under agreements to resell: | ////////////////// |
a. Federal funds sold.......................................................................... | 0276 221,500 | 3.a.
b. Securities purchased under agreements to resell............................................. | 0277 0 | 3.b.
4. Loans and lease financing receivables: ----------------------- | ////////////////// |
a. Loans and leases, net of unearned income (from Schedule RC-C) | RCON 2122 | 1,675,330 | ////////////////// | 4.a.
b. LESS: Allowance for loan and lease losses........................... | RCON 3123 | 13,995 | ////////////////// | 4.b.
c. LESS: Allocated transfer risk reserve............................... | RCON 3128 | 0 | ////////////////// | 4.c.
d. Loans and leases, net of unearned income, ----------------------- | ////////////////// |
allowance, and reserve (item 4.a. minus 4.b. and 4.c)....................................... | 2125 1,661,335 | 4.d.
5. Trading assets (from Schedule RC-D)............................................................ | 3545 0 | 5.
6. Premises and fixed assets (including capitalized leases)....................................... | 2145 61,339 | 6.
7. Other real estate owned (from Schedule RC-M)................................................... | 2150 1,988 | 7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M)....... | 2130 122 | 8.
9. Customers' liability to this bank on acceptances outstanding....................................| 2155 0 | 9.
10. Intangible assets (from Schedule RC-M)......................................................... | 2143 17,959 | 10.
11. Other assets (from Schedule RC-P).............................................................. | 2160 39,006 | 11.
12. Total assets (sum of items 1 through 11)....................................................... | 2170 2,527,643 | 12.
----------------------
</TABLE>
- --------------------
(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
3
<PAGE>
<TABLE>
<CAPTION>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RC-2
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
Schedule RC--Continued
-----------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
LIABILITIES | ////////////////// |
13. Deposits: | ////////////////// |
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E)................... | 2200 2,061,357 | 13.a.
----------------------- | ////////////////// |
(1) Noninterest-bearing(1).......................................... | RCON 6631 | 297,616 | ////////////////// | 13.a.(1
(2) Interest-bearing................................................ | RCON 6636 | 1,763,741 | ////////////////// | 13.a.(2
----------------------- | ////////////////// |
b. In foreign offices, Edge and Agreement subsidiaries, and IBPs............................... | ////////////////// |
(1) Noninterest-bearing..................................................................... | ////////////////// |
(2) Interest-bearing........................................................................ | ////////////////// |
14. Federal funds purchased and securities sold under agreements to repurchase: | ////////////////// |
a. Federal funds purchased..................................................................... | 0278 39,720 | 14.a.
b. Securities sold under agreements to repurchase.............................................. | 0279 119,989 | 14.b.
15. a. Demand notes issued to the U.S. Treasury.................................................... | 2840 0 | 15.a.
b. Trading liabilities (from Schedule RC-D).................................................... | 3548 0 | 15.b.
16. Other borrowed money: | ////////////////// |
a. With a remaining maturity of one year or less............................................... | 2332 0 | 16.a.
b. With a remaining maturity of more than one year............................................. | 2333 114 | 16.b.
17. Mortgage indebtedness and obligations under capitalized leases................................. | 2910 0 | 17.
18. Bank's liability on acceptances executed and outstanding....................................... | 2920 0 | 18.
19. Subordinated notes and debentures.............................................................. | 3200 0 | 19.
20. Other liabilities (from Schedule RC-G)......................................................... | 2930 29,054 | 20.
21. Total liabilities (sum of items 13 through 20)................................................. | 2948 2,242,234 | 21.
| ////////////////// |
22. Limited-life preferred stock and related surplus............................................... | 3282 0 | 22.
EQUITY CAPITAL | ////////////////// |
23. Perpetual preferred stock and related surplus.................................................. | 3838 0 | 23.
24. Common stock................................................................................... | 3230 56,950 | 24.
25. Surplus (exclude all surplus related to preferred stock)....................................... | 3839 76,475 | 25.
26. a. Undivided profits and capital reserves...................................................... | 3632 150,880 | 26.a.
b. Net unrealized holding gains (losses) on available-for-sale securities...................... | 8434 1,104 | 26.b.
27. Cumulative foreign currency translation adjustments............................................ | ////////////////// |
28. Total equity capital (sum of items 23 through 27).............................................. | 3210 285,409 | 28.
29. Total liabilities, limited-life preferred stock, and equity capital | ////////////////// |
(sum of items 21, 22 and 28)................................................................... | 3300 2,527,643 | 29.
----------------------
Memorandum
To be reported only with the March Report of Condition.
1. Indicate in the box at the right of the statement below that best describes the Number
most comprehensive level of auditing work performed for the bank by independent external ----------------------
auditors as of any date during 1995............................................................. | RCON 6724 | N/A | M.1.
----------------------
</TABLE>
1 - Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm which
submits a report on the bank
2 - Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a certified public
accounting firm which submits a report on the consolidated holding company
(but not on the bank separately)
3 - Directors' examination of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
4 - Directors' examination of the bank performed by other external auditors (may
be required by state chartering authority)
5 - Review of the bank's financial statements by external auditors
6 - Compilation of the bank's financial statements by external auditors
7 - Other audit procedures (excluding tax preparation work)
8 - No external audit work
- ------------
(1) Includes total deposits and noninterest-bearing time and savings deposits.
4
<PAGE>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96
Address: 1000 5TH AVE ST-BK: 54-0620
City, State, Zip: HUNTINGTON, WV 25701 PFIEC: 032
FDIC Certificate No.: | 0 | 6 | 7 | 6 | 8 | Page RC-3
---------------------
Schedule RC-A--Cash and Balances Due From Depository Institutions
Exclude assets held for trading.
<TABLE>
<CAPTION> ----------
| C305 | --
----------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C>
1. Cash items in process of collection, unposted debits, and currency and coin: | ////////////////// |
a. Cash items in process of collection and unposted debits .................................... | 0020 67,060 | 1.a.
b. Currency and coin .......................................................................... | 0080 32,064 | 1.b.
2. Balance due from depository institutions in the U.S.: | ////////////////// |
a. U.S. branches and agencies of foreign banks ................................................ | 0083 0 | 2.a.
b. Other commercial banks in the U.S. and other depository institutions in the U.S. ........... | 0085 610 | 2.b.
3. Balances due from banks in foreign countries and foreign central banks: | ////////////////// |
a. Foreign branches of other U.S. banks ....................................................... | 0073 0 | 3.a.
b. Other banks in foreign countries and foreign central banks ................................. | 0074 0 | 3.b.
4. Balances due from Federal Reserve Banks ........................................................ | 0090 5,045 | 4.
5. Total (sum of items 1 through 4) (must equal Schedule RC, sum of items 1.a and 1.b) ............ | 0010 104,779 | 5.
----------------------
<CAPTION>
Memorandum ----------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C>
1. Noninterest-bearing balances due from commercial banks in the U.S. (included in items 2.a and | ////////////////// |
2.b above) ..................................................................................... | 0050 609 | M.1.
----------------------
</TABLE>
Schedule RC-B--Securities
Exclude assets held for trading.
<TABLE>
<CAPTION> ----------
| C310 | --
-------------------------------------------------------------------------------------
| Held-to-maturity | Available-for-sale |
-------------------------------------------------------------------------------------
| (Column A) | (Column B) | (Column C) | (Column D) |
| Amortized Cost | Fair Value | Amortized Cost | Fair Value (1) |
-------------------------------------------------------------------------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
1. U.S. Treasury securities ........ | 0211 0 | 0213 0 | 1286 26,368 | 1287 25,949 | 1.
2. U.S. Government agency and | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
corporate obligations (exclude | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
mortgage-backed securities): | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
a. Issued by U.S. Government | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
agencies (2) ................ | 1289 0 | 1290 0 | 1291 0 | 1293 0 | 2.a.
b. Issued by U.S. Government- | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
sponsored agencies (3) ...... | 1294 1,002 | 1295 1,005 | 1297 18,529 | 1298 18,352 | 2.b.
-------------------------------------------------------------------------------------
</TABLE>
____________________
(1) Includes equity securities without readily determinable fair values at
historical cost in item 6.c, column D.
(2) Includes Small Business Administration "Guaranteed Loan Pool Certificates,"
U.S. Maritime Administration obligations, and Export-Import Bank
participation certificates.
(3) Includes obligations (other than mortgage-backed securities) issued by the
Farm Credit System, the Federal Home Loan Bank System, the Federal Home
Loan Mortgage Corporation, the Federal National Mortgage Association, the
Financing Corporation, Resolution Funding Corporation, the Student Loan
Marketing Association, and the Tennessee Valley Authority.
5
<PAGE>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96
Address: 1000 5TH AVE ST-BK: 54-0620
City, State, Zip: HUNTINGTON, WV 25701 FFIEC 032
FDIC Certificate No.: | 0 | 6 | 7 | 6 | 8 | Page RC-4
---------------------
Schedule RC-B--Continued
<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------
| Held-to-maturity | Available-for-sale |
-------------------------------------------------------------------------------------
| (Column A) | (Column B) | (Column C) | (Column D) |
| Amortized Cost | Fair Value | Amortized Cost | Fair Value (1) |
-------------------------------------------------------------------------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
3. Securities issued by states and | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
political subdivisions in the | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
U.S.: | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
a. General obligations ......... | 1676 14,709 | 1677 15,397 | 1678 45,974 | 1679 47,674 | 3.a.
b. Revenue obligations ......... | 1681 4,749 | 1686 4,954 | 1690 2,713 | 1691 2,800 | 3.b.
c. Industrial development | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
and similar obligations...... | 1694 0 | 1695 0 | 1696 0 | 1697 0 | 3.c.
4. Mortgage-backed securities (MBS): | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
a. Pass-through securities: | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
(1) Guaranteed by GNMA ..... | 1698 0 | 1699 0 | 1701 13,424 | 1702 13,605 | 4.a.(1)
(2) Issued by FNMA and FHLMC | 1703 0 | 1705 0 | 1706 99,604 | 1707 100,675 | 4.a.(2)
(3) Other pass-through | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
securities ............. | 1709 0 | 1710 0 | 1711 11,332 | 1713 11,535 | 4.a.(3)
b. Other mortgage-backed | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
securities (include CMOs, | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
REMICs, and stripped MBS): | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
(1) Issued or guaranteed by | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
FNMA, FHLMC, or GNMA ... | 1714 0 | 1715 0 | 1716 105,180 | 1717 105,178 | 4.b.(1)
(2) Collateralized by MBS | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
issued or guaranteed by | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
FNMA, FHLMC, or GNMA ... | 1718 0 | 1719 0 | 1731 33 | 1732 34 | 4.b.(2)
(3) All other mortgage- | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
backed securities ...... | 1733 0 | 1734 0 | 1735 45,065 | 1736 44,726 | 4.b.(3)
5. Other debt securities: | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
a. Other domestic debt | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
securities .................. | 1737 0 | 1738 0 | 1739 24,869 | 1741 24,614 | 5.a.
b. Foreign debt securities ..... | 1742 10 | 1743 10 | 1744 0 | 1746 0 | 5.b.
6. Equity securities: | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
a. Investments in mutual funds . | ////////////////// | ////////////////// | 1747 0 | 1748 0 | 6.a.
b. Other equity securities with | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
readily determinable fair | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
values ...................... | ////////////////// | ////////////////// | 1749 0 | 1751 0 | 6.b.
c. All other equity securities | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
(1) ......................... | ////////////////// | ////////////////// | 1752 4,003 | 1753 4,003 | 6.c.
7. Total (sum of items 1 through 6) | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
(total of column A must equal | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
Schedule RC, item 2.a) (total of | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
column D must equal Schedule RC, | ////////////////// | ////////////////// | ////////////////// | ////////////////// |
item 2.b) ....................... | 1754 20,470 | 1771 21,366 | 1772 397,094 | 1773 399,145 | 7.
-------------------------------------------------------------------------------------
</TABLE>
____________________
(1) Includes equity securities without readily determinable fair values at
historical cost in item 6.c, column D.
6
<PAGE>
<TABLE>
<CAPTION>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC032
Address: 1000 5TH AVE Page RC-5
City, State Zip: HUNTINGTON, WV 25701
PDIC Certificate No.: |0|6|7|6|8|
-----------
Schedule RC-B--Continued
----------
| C312 | --
----------------------
Memoranda Dollar Amounts in Thousands | RCON Bil Mil Thou |
- --------------------------------------------------------------------------------------------------------------------------
<S> | <C> <C> | <C>
1. Pledged securities (2)........................................................................ | 0416 260,263 | M.1.
2. Maturity and repricing data for debt securities (2), (3), (4) (excluding those in | ////////////////// |
nonaccrual status): | ////////////////// |
a. Fixed rate debt securities with a remaining maturity of: | ////////////////// |
(1) Three months or less................................................................ | 0343 3,411 | M.2.a.(1)
(2) Over three months through 12 months................................................. | 0344 11,741 | M.2.a.(2)
(3) Over one year through five years.................................................... | 0345 96,406 | M.2.a.(3)
(4) Over five years..................................................................... | 0346 115,642 | M.2.a.(4)
(5) Total fixed rate debt securities (sum of Memorandum items 2.a (1) through 2.a....... | |
(4))................................................................................ | 0347 227,200 | M.2.a.(5)
b. Floating rate debt securities with a repricing frequency of: | ////////////////// |
(1) Quarterly or more frequently........................................................ | 4544 180,612 | M.2.b.(1)
(2) Annually or more frequently, but less frequently than quarterly..................... | 4545 7,652 | M.2.b.(2)
(3) Every five years or more frequently, but less frequently than annually.............. | 4551 145 | M.2.b.(3)
(4) Less frequently than every five years............................................... | 4552 0 | M.2.b.(4)
(5) Total floating rate debt securities (sum of Memorandum items 2.b. (1) through | |
2.b. (4))........................................................................... | 4553 188,412 | M.2.b.(5)
c. Total debt securities (sum of Memorandum items 2.a (5) and 2.b. (5)) (must equal total | ////////////////// |
debt securities from Schedule RC-B, sum of items 1 through 5, columns A and D, minus | ////////////////// |
nonaccrual debt securities included in Schedule RC-N, item 9, column c).................. | 0393 425,612 | M.2.c.
3. Not applicable | ////////////////// |
4. Held-to-maturity debt securities restructured and in compliance with modified terms (included | ////////////////// |
in Schedule RC-B, items 3 through 5, column A. above)......................................... | 5365 0 | M.4.
5. Not applicable | ////////////////// |
6. Floating rate debt securities with a remaining maturity of one year or less (2), (4) (included | ////////////////// |
in Memorandum items 2.b. (1) through 2.b. (4) above).......................................... | 5519 1,000 | M.6.
7. Amortized cost of held-to-maturity securities sold or transferred to available-for-sale or | ////////////////// |
trading securities during the calendar year-to-date (report the amortized cost at date | ////////////////// |
of sale or transfer).......................................................................... | 1778 0 | M.7.
8. High-risk mortgage securities (included in the held-to-maturity and available-for-sale | ////////////////// |
accounts in Schedule RC-B, item 4.b): | ////////////////// |
a. Amortized cost........................................................................... | 8780 2,400 | M.8.a.
b. Pair value............................................................................... | 8781 2,370 | M.8.b.
9. Structured notes (included in the held-to-maturity and available-for-sale accounts in | ////////////////// |
Schedule RC-B, items 2, 3, and 5): | ////////////////// |
a. Amortized cost........................................................................... | 8782 0 | M.9.a.
b. Fair value............................................................................... | 8783 0 | M.9.b.
----------------------
- --------------
(2) Includes held-to-maturity securities at amortized cost and available-for sale securities at fair value.
(3) Exclude equity securities, e.g., investments in mutual funds, Federal Reserve stock, common stock, and preferred stock.
(4) Memorandum items 2 and 6 are not applicable to savings banks that must complete supplemental Schedule RC-J.
</TABLE>
7
<PAGE>
<TABLE>
<CAPTION>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 PFIEC 032
Address: 1000 5TH AVE Page RC-6
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
___________
SCHEDULE RC-C--LOANS AND LEASE FINANCING RECEIVABLES
PART I. LOANS AND LEASES
Do not deduct the allowance for loan and lease losses from amounts reported in this schedule.
Report total loans and leases, net of unearned income. Exclude assets held for trading.
<S> <C> <C> <C> <C> <C> <C>
________
| C315 | --
________
Dollar Amounts in Thousands | RCON Bil Mil Thou |
_________________________________________________________________________________________________________________________
1. Loans secured by real estate: | ///////////////////////// |
a. Construction and land development................................................. | 1415 33,791 | 1.a.
b. Secured by farmland (including farm residential and other improvements)........... | 1420 4,748 | 1.b.
c. Secured by 1-4 family residential properties: | ///////////////////////// |
(1) Revolving, open-end loans secured by 1-4 family residential properties and | ///////////////////////// |
extended under lines of credit................................................ | 1797 128,635 | 1.c.(1)
(2) All other loans secured by 1-4 family residential properties: | ///////////////////////// |
(a) Secured by first liens.................................................... | 5367 413,746 | 1.c.(2)(a)
(b) Secured by junior liens................................................... | 5368 6,347 | 1.c.(2)(b)
d. Secured by multifamily (5 or more) residential properties......................... | 1460 23,525 | 1.d.
e. Secured by nonfarm nonresidential properties...................................... | 1480 259,852 | 1.e.
2. Loans to depository institutions: | ///////////////////////// |
a. To commercial banks in the U.S.: | ///////////////////////// |
(1) To U.S. branches and agencies of foreign banks................................ | 1506 0 | 2.a.(1)
(2) To other commercial banks in the U.S.......................................... | 1507 0 | 2.a.(2)
b. To other depository institutions in the U.S....................................... | 1517 0 | 2.b.
c. To banks in foreign countries: | ///////////////////////// |
(1) To foreign branches of other U.S. banks....................................... | 1513 0 | 2.c.(1)
(2) To other banks in foreign countries........................................... | 1516 0 | 2.c.(2)
3. Loans to finance agricultural production and other loans to farmers.................. | 1590 1,751 | 3.
4. Commercial and industrial loans: | ///////////////////////// |
a. To U.S. addresses (domicile)...................................................... | 1763 246,727 | 4.a.
b. To non-U.S. addresses (domicile).................................................. | 1764 0 | 4.b.
5. Acceptances of other banks: | ///////////////////////// |
a. Of U.S. banks..................................................................... | 1756 0 | 5.a.
b. Of foreign banks.................................................................. | 1757 0 | 5.b.
6. Loans to individuals for household, family, and other personal expenditures | ///////////////////////// |
(i.e., consumer loans) (includes purchased paper): | ///////////////////////// |
a. Credit cards and related plans (includes check credit and other revolving | |
credit plans)..................................................................... | 2008 62,826 | 6.a.
b. Other (includes single payment, installment, and all student loans)............... | 2011 463,683 | 6.b.
7. Loans to foreign governments and official institutions (including foreign | ///////////////////////// |
central banks)....................................................................... | 2081 0 | 7.
8. Obligations (other than securities and leases) of states and political subdivisions | ///////////////////////// |
in the U.S. (includes nonrated industrial development obligations)................... | 2107 25,782 | 8.
9. Other loans: | ///////////////////////// |
a. Loans for purchasing or carrying securities (secured and unsecured)............... | 1545 0 | 9.a.
b. All other loans (exclude consumer loans).......................................... | 1564 2,678 | 9.b.
10. Lease financing receivables (net of unearned income): | ///////////////////////// |
a. Of U.S. addressees (domicile)..................................................... | 2182 13,836 |10.a.
b. Of non-U.S. addressees (domicile)................................................. | 2183 0 |10.b.
11. LESS: Any unearned income on loans reflected in items 1-9 above...................... | 2123 12,597 |11.
12. Total loans and leases, net of unearned income (sum of items 1 through 10 | ///////////////////////// |
minus item 11) (must equal Schedule RC, item 4.a).................................... | 2122 1,675,330|12.
_____________________________
</TABLE>
8
<PAGE>
<TABLE>
<CAPTION>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 PPTEC 032
Address: 1000 5th Ave Page RC-7
City, State, Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
Schedule RC-C--Continued
Part I. Continued
Memoranda
<S> <C> <C> <C> <C> <C>
------------------------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ---------------------------------------------------------------------------------------|----------------------------------|
1. Commercial paper included in Schedule RC-C, part I, above.......................... | 1496 0 |M.1.
2. Loans and leases restructured and in compliance with modified terms (included in | ////////////////////////////// |
Schedule RC-C, part I, above and not reported as past due or nonaccrual in | ////////////////////////////// |
Schedule RC-N, Memorandum item 1): | ////////////////////////////// |
a. Loans secured by real estate: | ////////////////////////////// |
(1) To U.S. addressees (domicile)............................................... | 1687 0 |M.2.a.(1)
(2) To non-U.S. addressees (domicile)........................................... | 1689 0 |M.2.a.(2)
b. All other loans and all lease financing receivables (exclude loans to | ////////////////////////////// |
individuals for household, family, and other personal expenditures)............. | 8691 0 |M.2.b.
c. Commercial and industrial loans to and lease financing receivables of non-U.S. | ////////////////////////////// |
addressees (domicile) included in Memorandum item 2.b above..................... | 8692 0 |M.2.c.
3. Maturity and repricing data for loans and leases(1) (excluding those in nonaccrual | ////////////////////////////// |
status): | ////////////////////////////// |
a. Fixed rate loans and leases with a remaining maturity of: | ////////////////////////////// |
(1) Three months or less........................................................ | 0348 16,641 |M.3.a.(1)
(2) Over three months through 12 months......................................... | 0349 30,774 |M.3.a.(2)
(3) Over one year through five years............................................ | 0356 558,825 |M.3.a.(3)
(4) Over five years............................................................. | 0357 240,003 |M.3.a.(4)
(5) Total fixed rate loans and leases (sum of Memorandum items 3.a.(1) | ////////////////////////////// |
through 3.a.(4))............................................................ | 0358 946,243 |M.3.a.(5)
b. Floating rate loans with a repricing frequency of: | ////////////////////////////// |
(1) Quarterly or more frequently................................................ | 4554 544,670 |M.3.b.(1)
(2) Annually or more frequently, but less frequently than quarterly............. | 4555 153,255 |M.3.b.(2)
(3) Every five years or more frequently, but less frequently than annually...... | 4561 124,554 |M.3.b.(3)
(4) Less frequently than every five years....................................... | 4564 5,553 |M.3.b.(4)
(5) Total floating rate loans (sum of Memorandum items 3.b.(1) through 3.b.(4)). | 4567 828,032 |M.3.b.(5)
c. Total loans and leases (sum of Memorandum items 3.a.(5) and 3.b.(5)) (must | ////////////////////////////// |
equal the sum of total loans and leases, net, from Schedule RC-C, part I | ////////////////////////////// |
item 12, plus unearned income from Schedule RC-C, part I, item 11, minus total | ////////////////////////////// |
nonaccrual loans and leases from Schedule RC-N, sum of items 1 through 8, | ////////////////////////////// |
column C)....................................................................... | 1479 1,674,275 |M.3.c.
d. Floating rate loans with a remaining maturity of one year or less (included in | ////////////////////////////// |
Memorandum items 3.b.(1) through 3.b.(4) above)................................. | A246 370,338 |M.3.d.
4. Loans to finance commercial real estate, construction, and land development | ////////////////////////////// |
activities (not secured by real estate) included in Schedule RC-C, part I, items 4 | ////////////////////////////// |
and 9.b, page RC-6(2).............................................................. | 2746 9,087 |M.4.
5. Loans and leases held for sale (included in Schedule RC-C, part I, above).......... | 5369 0 |M.5.
6. Adjustable rate closed-end loans secured by first liens on 1-4 family residential | ////////////////////////////// |
properties (included in Schedule RC-C, part I, item 1.c. (2)(a), page RC-6)........ | 5370 260,563 |M.6.
------------------------------------
- ------------------------
(1) Memorandum item 3 is not applicable to savings banks that must complete supplemental Schedule RC-J.
(2) Exclude loans accrued by real estate that are included in Schedule RC-C, part I, items 1.a through 1.e.
</TABLE>
9
<PAGE>
Legal Title of Bank: BANC ONE WEST VIRGINIA
Address: 1000 5th Ave.
City, State, Zip: Huntington, WV 25701
FDIC Certificate No: |0|6|7|6|8|
-----------
SCHEDULE RC-D--TRADING ASSETS AND LIABILITIES
Schedule RC-D is to by completed only be banks with $1 billion or more in total
assets or with $2 billion or more in par/notional amount of off-balance sheet
derivative contracts (as reported in Schedule RC-L, items 14.a through 14.e,
columns A through D).
<TABLE>
<CAPTION>
<S> <C> <C>
---------
| C320 |
|----------------------
Dollar Amount in Thousands |RCON Bil Mil Thou|
- ------------------------------------------------------------------------------------------------- |---------------------|
ASSETS |/////////////////////|
1. U.S. Treasury securities................................................................... |3531 N/A | 1.
2. U.S. Government agency and corporation obligations (exclude mortgage-securities)........... |3532 N/A | 2.
3. Securities issued by states and political subdivisions in the U.S.......................... |3533 N/A | 3.
4. Mortgage-backed securities (MBS): |/////////////////////|
a. Pass-through securities issued or guaranteed by FNMA, FHLMC, or GNMA.................. |3534 N/A | 4a.
b. Other mortgage-backed securities issued or guaranteed by FNMA, FHLMC, or GNMA |/////////////////////|
(include CMOs, REMICs, and stripped MBS)............................................... |3535 N/A | 4b.
c. All other mortgage-backed securities................................................... |3536 N/A | 4c.
5. Other debt securities...................................................................... |3537 N/A | 5.
6. Certificates of deposit.................................................................... |3538 N/A | 6.
7. Commercial paper........................................................................... |3539 N/A | 7.
8. Banker's acceptances....................................................................... |3540 N/A | 8.
9. Other trading assets....................................................................... |3541 N/A | 9.
10. Not applicable............................................................................. |/////////////////////|
11. Revaluation gains on interest rate, foreign exchange rate, and other commodity and equity |/////////////////////|
contracts.................................................................................. |4549 N/A | 11.
12. Total trading assets (sum of items 1 through 11) (must equal Schedule RC, item 5)......... |3545 N/A | 12.
-----------------------
-----------------------
LIABILITIES |RCON Bil Mil Thou|
13. Liability for short positions.............................................................. |3546 N/A | 13.
14. Revaluation losses on interest rate, foreign exchange rate, and other commodity and equity |/////////////////////|
contracts.................................................................................. |3547 N/A | 14.
15. Total trading liabilities (sum of items 13 and 14) (must equal Schedule RC, item 15.b)..... |3538 N/A | 15.
-----------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 39-1580 FFIEC 031
Address: 1000 5TH AVE Page RC-9
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-E--Deposit Liabilities
<TABLE>
<CAPTION>
----------
| C325 |(-
----------------------------------------------------------------------
| | Nontransaction |
| Transaction Accounts | Accounts |
----------------------------------------------------------------------
| (Column A) | (Column B) | (Column C) |
| Total transaction | Memo: Total | Total |
| accounts (including | demand deposits | nontransaction |
| total demand | (included in | accounts |
| deposits) | column A) | (including MMDAs) |
|----------------------|----------------------|----------------------|
Dollars Amounts in Thousands | RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou |
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Deposits of: | //////////////////// | //////////////////// | //////////////////// |
1. Individuals, partnerships, and corporations ......... | 2201 381,367 | 2240 250,427 | 2346 1,598,863 | 1.
2. U.S. Government ..................................... | 2202 8,179 | 2280 8,179 | 2520 251 | 2.
3. States and political subdivisions in the U.S. ....... | 2203 19,533 | 2290 14,888 | 2530 28,863 | 3.
4. Commercial banks in the U.S. ........................ | 2206 13,899 | 2310 13,899 | 2550 99 | 4.
5. Other depository institutions in the U.S............. | 2207 4,638 | 2312 4,638 | 2349 80 | 5.
6. Banks in foreign countries .......................... | 2213 0 | 2320 0 | 2236 0 | 6.
7. Foreign governments and official institutions | //////////////////// | //////////////////// | //////////////////// |
(including foreign central banks).................... | 2216 0 | 2300 0 | 2377 0 | 7.
8. Certified and official checks ....................... | 2330 5,585 | 2330 5,585 | //////////////////// | 8.
9. Total (sum of items 1 through 8) (sum of | //////////////////// | //////////////////// | //////////////////// |
columns A and C must equal Schedule RC, | //////////////////// | //////////////////// | //////////////////// |
item 13.a) .......................................... | 2215 433,201 | 2210 297,616 | 2385 1,628,156 | 9.
----------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Memoranda
------------------------
Dollars Amounts in Thousands | RCON Bil Mil Thou |
- --------------------------------------------------------------------------------------------------------------------------
<S> <C>
1. Selected components of total deposits (i.e., sum of item 9, columns A and C): | //////////////////// |
a. Total Individual Retirement Accounts (IRAs) and Keogh Plan accounts ....................... | 6835 94,928 | M.1.a.
b. Total brokered deposits.................................................................... | 2365 0 | M.1.b.
c. Fully insured brokered deposits (included in Memorandum item 1.b above): | //////////////////// |
(1) Issued in denominations of less than $100,000.......................................... | 2343 0 | M.1.c.(1)
(2) Issued either in denominations of $100,000 or in denominations greater than | //////////////////// |
$100,000 and participated out by the broker in shares of $100,000 or less.............. | 2344 0 | M.1.c.(2)
d. Maturity data for brokered deposits: | //////////////////// |
(1) Brokered deposits issued in denominations of less than $100,000 with a remaining | //////////////////// |
maturity of one year or less (included in Memorandum item 1.c.(1) above)............... | A243 0 | M.1.d.(1)
(2) Brokered deposits issued in denominations of $100,000 or more with a remaining | //////////////////// |
maturity of one year or less (included in Memorandum item 1.b above)................... | A244 0 | M.1.d.(2)
e. Preferred deposits (uninsured deposits of states and political subdivisions in the U.S. | //////////////////// |
reported in item 3 above which are secured or collateralized as required under state law).. | 5590 32,324 | M.1.e
2. Components of total nontransaction accounts (sum of Memorandum items 2.a through 2.d | //////////////////// |
must equal item 9, column C above): | //////////////////// |
a. Savings deposits: | //////////////////// |
(1) Money market deposit accounts (MMDAs).................................................. | 6810 626,725 | M.2.a.(1)
(2) Other savings deposits (excludes MMDAs)................................................ | 0352 313,192 | M.2.a.(2)
b. Total time deposits of less than $100,000.................................................. | 6648 596,446 | M.2.b.
c. Time certificates of deposit of $100,000 or more........................................... | 6645 91,793 | M.2.c.
d. Open-account time deposits of $100,000 or more............................................. | 6646 0 | M.2.d.
3. All NOW accounts (included in column A above)................................................. | 2398 135,457 | M.3.
------------------------
4. Not applicable
</TABLE>
11
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 39-1580 FFIEC] 031
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
Schedule RC-E--Continued
Memoranda (continued)
______________________
Dollar Amounts in Thousands | RCON Bil Mil Thou |
________________________________________________________________________________________________|______________________
5. Maturity and repricing data for time deposits of less than $100,000 (sum of | //////////////////// |
Memorandum items 5.a.(1) through 5.b.(3) must equal Memorandum item 2.b above): (1) | //////////////////// |
a. Fixed rate time deposits of less than $100,000 with a remaining maturity of: | //////////////////// |
(1) Three months or less..................................................................| A225 144,468 | M.5.a.(1)
(2) Over three months through 12 months...................................................| A226 281,690 | M.5.a.(2)
(3) Over one year.........................................................................| A227 170,288 | M.5.a.(3)
b. Floating rate time deposits of less than $100,000 with a repricing frequency of: | //////////////////// |
(1) Quarterly or more frequently..........................................................| A228 0 | M.5.b.(1)
(2) Annually or more frequently, but less frequently than quarterly.......................| A229 0 | M.5.b.(2)
(3) Less frequently than annually.........................................................| A230 0 | M.5.b.(3)
c. Floating rate time deposits of less than $100,000 with a remaining maturity of | //////////////////// |
one year or less (included in Memorandum items 5.b.(1) through 5.b.(3) above).............| A231 0 | M.5.c.
6. Maturity and repricing data for time deposits of $100,000 or more (i.e., time certificates | //////////////////// |
of deposit of $100,000 or more and open-account time deposits of $100,000 or more) | //////////////////// |
(sum of Memorandum items 6.a.(1) through 6.b.(4) must equal the sum of Memorandum | //////////////////// |
items 2.c and 2.d above): (1) | //////////////////// |
a. Fixed rate time deposits of $100,000 or more with a remaining maturity of: | //////////////////// |
(1) Three months or less..................................................................| A232 22,925 | M.6.a.(1)
(2) Over three months through 12 months...................................................| A233 44,492 | M.6.a.(2)
(3) Over one year through five years......................................................| A234 22,999 | M.6.a.(3)
(4) Over five years.......................................................................| A235 1,377 | M.6.a.(4)
b. Floating rate time deposits of $100,000 or more with a repricing frequency of: | //////////////////// |
(1) Quarterly or more frequently..........................................................| A236 0 | M.6.b.(1)
(2) Annually or more frequently, but less frequently than quarterly.......................| A237 0 | M.6.b.(2)
(3) Every five years or more frequently, but less frequently than annually................| A238 0 | M.6.b.(3)
(4) Less frequently than every five years.................................................| A239 0 | M.6.b.(4)
c. Floating rate time deposits of $100,000 or more with a remaining maturity of | //////////////////// |
one year or less (included in Memorandum items 6.b.(1) through 6.b.(4) above).............| A240 0 | M.6.c.
______________________
</TABLE>
- -----------------
(1) Memorandum items 5 and 6 are not applicable to savings banks that must
complete supplemental Schedule RC-J.
12
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5th Ave Page RC-1
City, State Zip: Huntington, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-F--Other Assets
<TABLE>
<CAPTION>
----------
| C330 |(-
------------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Income earned, not collected on loans...........................................................| 2164 11,203 | 1.
2. Net deferred tax assets(1)......................................................................| 2148 0 | 2.
3. Excess residential mortgage servicing fees receivable...........................................| 5371 0 | 3.
4. Other (itemize and describe amounts that exceed 25% of this item)...............................| 2168 27,803 | 4.
------------- ---------------------------| |
a. | TEXT 3549 | A/R Other | RCON 3549 | 10,201 | //////////////////// | 4.a.
------------------------------------------------------------------| | | |
b. | TEXT 3550 | | RCON 3550 | | //////////////////// | 4.b
------------------------------------------------------------------| | | |
c. | TEXT 3551 | | RCON 3551 | | //////////////////// | 4.c
---------------------------------------------------------------------------------------------| |
5. Total (sum of items 1 through 4) (must equal Schedule RC, item 11)..............................| 2160 39,006 | 5.
_________________________
________________________
Memorandum Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------------
1. Deferred tax assets disallowed for regulatory capital purposes..................................| 5610 0 | M.1.
|-----------------------|
Schedule RC-G--Other Liabilities -----
|C335|(-
------------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- --------------------------------------------------------------------------------------------------------------------------
1. a. Interest accrued and unpaid on deposits (2).................................................| 3645 10,092 | 1.a.
b. Other expenses accrued and unpaid (includes accrued income taxes payable)...................| 3646 14,081 | 1.b.
2. Net deferred tax liabilities (1)...............................................................| 3049 4,289 | 2.
3. Minority interest in consolidated subsidiaries.................................................| 3000 0 | 3.
4. Other (itemize and describe amounts that exceed 25% of this item)..............................| 2938 592 | 4.
------------- ------------- | |
a. | TEXT 3552 | | RCON 3552 | | //////////////////// | 4.a
------------------------------------------------------------------| | | |
b. | TEXT 3553 | | RCON 3553 | | //////////////////// | 4.b.
------------------------------------------------------------------| | | |
c. | TEXT 3554 | | RCON 3554 | | //////////////////// | 4.c.
--------------------------------------------------------------------------------------------| |
5. Total (sum of items 1 through 4) (must equal Schedule RC, item 20).............................| 2930 29,054 | 5.
|-----------------------|
</TABLE>
______________________
(1) See discussion of deferred income taxes in Glossary entry on "income taxes."
(2) For savings banks, includes "dividends" accrued and unpaid on deposits.
13
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5th Ave Page RC-12
City, State Zip: Huntington, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-K--Quarterly Averages(1)
<TABLE>
<CAPTION>
--------
| C355 | (-
-----------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- -----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest-bearing balances due from depository institutions..................................| 3381 0 | 1.
2. U.S. Treasury securities and U.S. Government agency and corporation obligations(2)..........| 3382 307,667 | 2.
3. Securities issued by states and political subdivisions in the U.S. (2)......................| 3383 71,579 | 3.
4. a. Other debt securities(2).................................................................| 3647 101,349 | 4.a.
b. Equity securities(3) (includes investments in mutual funds and Federal Reserve stock)....| 3648 4,003 | 4.b.
5. Federal funds sold and securities purchased under agreements to resell......................| 3365 137,140 | 5.
6. Loans: | /////////////////// |
a. Total loans..............................................................................| 3360 1,781,967 | 6.a.
b. Loans secured by real estate.............................................................| 3385 914,079 | 6.b.
c. Loans to finance agricultural production and other loans to farmers......................| 3386 4,875 | 6.c.
d. Commercial and industrial loans..........................................................| 3387 261,413 | 6.d.
e. Loans to individuals for household, family, and other personal expenditures..............| 3388 606,474 | 6.e.
7. Trading assets..............................................................................| 3401 0 | 7.
8. Lease financing receivables (net of unearned income)........................................| 3484 14,002 | 8.
9. Total assets(4).............................................................................| 3368 2,612,891 | 9.
LIABILITIES | /////////////////// |
10. Interest-bearing transaction accounts (NOW accounts, ATS accounts, | /////////////////// |
and telephone and preauthorized transfer accounts) (exclude demand deposits)................| 3485 140,992 | 10.
11. Nontransaction accounts: | /////////////////// |
a. Money market deposit accounts (MMDAs)....................................................| 3486 619,949 | 11.a.
b. Other savings deposits...................................................................| 3487 316,958 | 11.b.
c. Time certificates of deposit of $100,000 or more.........................................| 3345 66,281 | 11.c.
d. All other time deposits..................................................................| 3469 741,937 | 11.d.
12. Federal funds purchased and securities sold under agreements to repurchase..................| 3353 137,140 | 12.
13. Other borrowed money........................................................................| 3355 114 | 13.
---------------------
</TABLE>
- ----------------
(1) For all items, banks have the option of reporting either (1) an average of
daily figures for the quarter, or (2) an average of weekly figures (i.e.,
the Wednesday of each week of the quarter).
(2) Quarterly averages for all debt securities should be based on amortized
cost.
(3) Quarterly averages for all equity securities should be based on historical
cost.
(4) The quarterly average for total assets should reflect all debt securities
(not held for trading) at amortized cost, equity securities with readily
determinable fair values at the lower of cost or fair value, and equity
securities without readily determinable fair values at historical cost.
14
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5th Ave Page RC-1
City, State Zip: Huntington, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-L--Off-Balance Sheet Items
Please read carefully the instructions for the preparation of Schedule RC-L.
Some of the amounts reported in Schedule RC-L are regarded as volume indicators
and not necessarily as measures of risk.
<TABLE>
<CAPTION>
-------
| c360 |(-
---------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Unused commitments: | /////////////////// |
a. Revolving, open-end lines secured by 1-4 family residential properties, e.g., home | /////////////////// |
equity lines.............................................................................| 3814 68,322 | 1.a.
b. Credit card lines........................................................................| 3815 150,798 | 1.b.
c. Commercial real estate, construction, and land development: | /////////////////// |
(1) Commitments to fund loans secured by real estate.....................................| 3816 17,785 | 1.c.(1)
(2) Commitments to fund loans not secured by real estate.................................| 6550 8,345 | 1.c.(2)
d. Securities underwriting..................................................................| 3817 0 | 1.d.
e. Other unused commitments.................................................................| 3818 191,056 | 1.e.
2. Financial standby letters of credit ........................................................| 3819 35,384 | 2.
----------------------
a. Amount of financial standby letters of credit conveyed to others | RCON 3820 | 0 | /////////////////// | 2.a.
----------------------
3. Performance standby letters of credit.......................................................| 3821 15,889 | 3.
----------------------
a. Amount of performance standby letters of credit conveyed to others | RCON 3822 | 0 | /////////////////// | 3.a.
----------------------
4. Commercial and similar letters of credit....................................................| 3411 0 | 4.
5. Participations in acceptances (as described in the instructions) conveyed to others by the | /////////////////// |
reporting bank..............................................................................| 3428 0 | 5.
6. Participations in acceptances (as described in the instructions) acquired by the reporting | /////////////////// |
(nonaccepting) bank.........................................................................| 3429 0 | 6.
7. Securities borrowed.........................................................................| 3432 0 | 7.
8. Securities lent (including customers' securities lent where the customer is indemnified | /////////////////// |
against loss by the reporting bank).........................................................| 3433 0 | 8.
9. Loans transferred (i.e., sold or swapped) with recourse that have been treated as sold for | /////////////////// |
Call Report purposes: | /////////////////// |
a. FNMA and FHLMC residential mortgage loan pools: | /////////////////// |
(1) Outstanding principal balance of mortgages transferred as of the report date.........| 3650 0 | 9.a.(1)
(2) Amount of recourse exposure on these mortgages as of the report date.................| 3651 0 | 9.a.(2)
b. Private (nongovernment-issued or -guaranteed) residential mortgage loan pools: | /////////////////// |
(1) Outstanding principal balance of mortgages transferred as of the report date.........| 3652 0 9.b.(1)
(2) Amount of recourse exposure on these mortgages as of the report date.................| 3653 0 9.b.(2)
c. Farmer Mac agricultural mortgage loan pools: | /////////////////// |
(1) Outstanding principal balance of mortgages transferred as of the report date.........| 3654 0 | 9.c.(1)
(2) Amount of recourse exposure on these mortgages as of the report date.................| 3655 0 | 9.c.(2)
d. Small business obligations transferred with recourse under Section 208 of the | /////////////////// |
Riegle Community Development and Regulatory Improvement Act of 1994: | /////////////////// |
(1) Outstanding principal balance of small business obligations transferred | /////////////////// |
as of the report date................................................................| A249 0 | 9.d.(1)
(2) Amount of retained recourse on these obligations as of the report date...............| A250 0 | 9.d.(2)
10. When-issued securities: | /////////////////// |
a. Gross commitments to purchase............................................................| 3434 0 | 10.a.
b. Gross commitments to sell................................................................| 3435 0 | 10.b.
11. Spot foreign exchange contracts.............................................................| 8765 0 | 11.
12. All other off-balance sheet liabilities (exclude off-balance sheet derivatives) (itemize | /////////////////// |
and describe each component of this item over 25% of Schedule RC, item 28, "Total equity | /////////////////// |
capital")...................................................................................| 3430 0 | 12.
| /////////////////// |
------------- ------------------------
a. | TEXT 3555 | | RCON 3555 | | /////////////////// | 12.a.
-----------------------------------------------------------------
b. | TEXT 3556 | | RCON 3556 | | /////////////////// | 12.b.
-----------------------------------------------------------------
c. | TEXT 3557 | | RCON 3557 | | /////////////////// | 12.c.
-----------------------------------------------------------------
d. | TEXT 3558 | | RCON 3558 | | /////////////////// | 12.d.
----------------------------------------------------------------------------------------------------------------
</TABLE>
15
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-L--Continued
<TABLE>
<CAPTION>
--------------------
Dollar Amounts in Thousands |RCON Bil Mil Thou|
- ------------------------------------------------------------------------------------------------------------------------|
<S> |<C> <C> | <C>
13. All other off-balance sheet assets (exclude off-balance sheet derivatives) (itemize and |////////////////////|
describe each component of this item over 25% of Schedule RC, item 28, "Total equity capital") |5591 0| 13.
--------- ------------------------------------- |////////////////////|
a. |TEXT 5592|__________________________________________|RCON 5592| |////////////////////| 13.a.
b. |TEXT 5593|__________________________________________|RCON 5593| |////////////////////| 13.b.
c. |TEXT 5594|__________________________________________|RCON 5594| |////////////////////| 13.c.
d. |TEXT 5595|__________________________________________|RCON 5595| |////////////////////| 13.d.
-----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------
|C361|
---------------------------------------------------------------------------------------
| (Column A) | (Column B) | (Column C) | (Column D) |
Dollar Amounts in Thousands | Interest Rate | Foreign Exchange | Equity Derivative | Commodity and |
- --------------------------------- | Contracts | Contracts | Contracts | Other Contracts |
Off-balance Sheet Derivatives ---------------------------------------------------------------------------------------|
Position Indicators |Tril Bil Mil Thou |Tril Bil Mil Thou |Tril Bil Mil Thou |Tril Bil Mil Thou|
- -------------------------------------------------------------------------------------------------------------------------|
<S> |<C> <C> <C> <C> |<C> <C> <C> <C> |<C> <C> <C> <C> |<C> <C> <C> <C> | <C>
14. Gross amounts (e.g., notional |//////////////////// |//////////////////// |//////////////////// |////////////////////|
amounts) (for each column, |//////////////////// |//////////////////// |//////////////////// |////////////////////|
sum of items 14.a through |//////////////////// |//////////////////// |//////////////////// |////////////////////|
14.e must equal sum of items |//////////////////// |//////////////////// |//////////////////// |////////////////////|
15, 16.a, and 16.b): |//////////////////// |//////////////////// |//////////////////// |////////////////////|
|--------------------------------------------------------------------------------------|
a. Futures contracts......... | 0 | 0 | 0 | 0| 14.a.
|--------------------------------------------------------------------------------------|
| RCON 8693 | RCON 8694 | RCON 8695 | RCON 8696 |
|--------------------------------------------------------------------------------------|
b. Forward contracts......... | 0 | 0 | 0 | 0| 14.b.
|--------------------------------------------------------------------------------------|
| RCON 8697 | RCON 8698 | RCON 8699 | RCON 8700 |
|--------------------------------------------------------------------------------------|
c. Exchange-traded option |//////////////////// |//////////////////// |//////////////////// |////////////////////|
contracts: |//////////////////// |//////////////////// |//////////////////// |////////////////////|
|--------------------------------------------------------------------------------------|
(1) Written options....... | 0 | 0 | 0 | 0| 14.c.(1)
|--------------------------------------------------------------------------------------|
| RCON 8701 | RCON 8702 | RCON 8703 | RCON 8704 |
|--------------------------------------------------------------------------------------|
(2) Purchased options..... | 0 | 0 | 0 | 0| 14.c.(2)
|--------------------------------------------------------------------------------------|
| RCON 8705 | RCON 8706 | RCON 8707 | RCON 8708 |
|--------------------------------------------------------------------------------------|
d. Over-the-counter option |//////////////////// |//////////////////// |//////////////////// |////////////////////|
contracts: |//////////////////// |//////////////////// |//////////////////// |////////////////////|
|--------------------------------------------------------------------------------------|
(1) Written options....... | 20,000 | 0 | 0 | 0| 14.d.(1)
|--------------------------------------------------------------------------------------|
| RCON 8709 | RCON 8710 | RCON 8711 | RCON 8712 |
|--------------------------------------------------------------------------------------|
(2) Purchased options..... | 220,000 | 0 | 0 | 0| 14.d.(2)
|--------------------------------------------------------------------------------------|
| RCON 8713 | RCON 8714 | RCON 8715 | RCON 8716 |
|--------------------------------------------------------------------------------------|
e. Swaps..................... | 422,315 | 0 | 0 | 0| 14.e.
|--------------------------------------------------------------------------------------|
| RCON 3450 | RCON 3826 | RCON 8719 | RCON 8720 |
|--------------------------------------------------------------------------------------|
15. Total gross notional amount |//////////////////// |//////////////////// |//////////////////// |////////////////////|
of derivative contracts held |//////////////////// |//////////////////// |//////////////////// |////////////////////|
for trading.................. | 0 | 0 | 0 | 0| 15.
|--------------------------------------------------------------------------------------|
| RCON A126 | RCON A127 | RCON 8723 | RCON 8724 |
|--------------------------------------------------------------------------------------|
16. Total gross notional amount |//////////////////// |//////////////////// |//////////////////// |////////////////////|
of derivative contracts held |//////////////////// |//////////////////// |//////////////////// |////////////////////|
for purposes other than |//////////////////// |//////////////////// |//////////////////// |////////////////////|
trading: |//////////////////// |//////////////////// |//////////////////// |////////////////////|
|--------------------------------------------------------------------------------------|
a. Contracts marked to |//////////////////// |//////////////////// |//////////////////// |////////////////////|
market.................... | 17,545 | 0 | 0 | 0| 16.a.
|--------------------------------------------------------------------------------------|
| RCON 8725 | RCON 8726 | RCON 8727 | RCON 8728 |
|--------------------------------------------------------------------------------------|
b. Contracts not marked to |//////////////////// |//////////////////// |//////////////////// |////////////////////|
market.................... | 644,770 | 0 | 0 | 0| 16.b.
|--------------------------------------------------------------------------------------|
| RCON 8729 | RCON 8730 | RCON 8731 | RCON 8732 |
--------------------------------------------------------------------------------------
</TABLE>
16
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 39-1580 FFIEC 031
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-L--Continued
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------
| (Column A) | (Column B) | (Column C) | (Column D) |
Dollar Amounts in Thousands | Interest Rate | Foreign Exchange | Equity Derivative | Commodity and |
- --------------------------------- | Contracts | Contracts | Contracts | Other Contracts |
|Off-balance Sheet Derivatives |--------------------------------------------------------------------------------------|
| Position Indicators |RCON Bil Mil Thou |RCON Bil Mil Thou |RCON Bil Mil Thou |RCON Bil Mil Thou|
- -------------------------------------------------------------------------------------------------------------------------|
<S> |<C> <C> <C> <C> |<C> <C> <C> <C> |<C> <C> <C> <C> |<C> <C> <C> <C> | <C>
17. Gross fair values |//////////////////// |//////////////////// |//////////////////// |////////////////////|
a. Contracts held for |//////////////////// |//////////////////// |//////////////////// |////////////////////|
trading: |//////////////////// |//////////////////// |//////////////////// |////////////////////|
(1) Gross positive |//////////////////// |//////////////////// |//////////////////// |////////////////////|
fair value............ |8733 0 |8734 0 |8735 0 |8736 0| 17.a.(1)
(2) Gross negative |//////////////////// |//////////////////// |//////////////////// |////////////////////|
fair value............ |8737 0 |8738 0 |8739 0 |8740 0| 17.a.(2)
b. Contracts held for |//////////////////// |//////////////////// |//////////////////// |////////////////////|
purposes other than |//////////////////// |//////////////////// |//////////////////// |////////////////////|
trading that are marked |//////////////////// |//////////////////// |//////////////////// |////////////////////|
to market: |//////////////////// |//////////////////// |//////////////////// |////////////////////|
(1) Gross positive |//////////////////// |//////////////////// |//////////////////// |////////////////////|
fair value............ |8741 149 |8742 0 |8743 0 |8744 0| 17.b.(1)
(2) Gross negative |//////////////////// |//////////////////// |//////////////////// |////////////////////|
fair value............ |8745 19 |8746 0 |8747 0 |8748 0| 17.b.(2)
c. Contracts held for |//////////////////// |//////////////////// |//////////////////// |////////////////////|
purposes other than |//////////////////// |//////////////////// |//////////////////// |////////////////////|
trading that are not |//////////////////// |//////////////////// |//////////////////// |////////////////////|
marked to market: |//////////////////// |//////////////////// |//////////////////// |////////////////////|
(1) Gross positive |//////////////////// |//////////////////// |//////////////////// |////////////////////|
fair value............ |8749 0 |8750 0 |8751 0 |8752 0| 17.c.(1)
(2) Gross negative |//////////////////// |//////////////////// |//////////////////// |////////////////////|
fair value............ |8753 2,544 |8754 0 |8755 0 |8756 0| 17.c.(2)
--------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
---------------------
Memoranda Dollar Amounts in Thousands |RCON Bil Mil Thou|
- ---------------------------------------------------------------------------------------------------------------------------
<S> |<C> <C> <C> <C> |<C>
1.-2. Not applicable |////////////////////|
3. Unused commitments with an original maturity exceeding one year that are reported in |////////////////////|
Schedule RC-L, items 1.a through 1.e, above (report only the unused portions of commitments |////////////////////|
that are fee paid or otherwise legally binding)................................................... |3833 74,486| M.3.
a. Participations in commitments with an original maturity ---------------------- |////////////////////|
exceeding one year conveyed to others................................... |RCON 3834 | 0| |////////////////////| M.3.a.
4. To be completed only by banks with $1 billion or more in total assets: -------------------- |////////////////////|
Standby letters of credit (both financial and performance) issued to non-U.S. addressees | |
(domicile) included in Schedule RC-L, items 2 and 3, above....................................... |3377 N/A| M.4.
|////////////////////|
5. Installment loans to individuals for household, family, and other personal expenditures that |////////////////////|
have been securitized and sold without recourse (with servicing retained), amounts outstanding |////////////////////|
by type of loan: |////////////////////|
a. Loans to purchase private passenger automobiles (to be completed for the |////////////////////|
September report only)......................................................................... |2741 0| M.5.a.
b. Credit cards and related plans (TO BE COMPLETED QUARTERLY)..................................... |2742 0| M.5.b.
c. All other consumer installment credit (including mobile home loans) (to be completed for the |////////////////////|
September report only)......................................................................... |2743 0| M.5.c.
--------------------
</TABLE>
17
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 39-1580 FFIEC 031
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-M--Memoranda
<TABLE>
<CAPTION>
------
|C365|(-
--------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Extensions of credit by the reporting bank to its executive officers, directors, principal |////////////////////|
shareholders, and their related interests as of the report date: |////////////////////|
a. Aggregate amount of all extensions of credit to all executive officers, directors, principal |////////////////////|
shareholders, and their related interests..................................................... |6164 34,696| 1.a.
b. Number of executive officers, directors, and principal shareholders to whom the amount of |////////////////////|
all extensions of credit by the reporting bank (including extensions of credit to |////////////////////|
related interests) equals or exceeds the lesser of $500,000 or 5 percent Number |////////////////////|
--------------------
of total capital as defined for this purpose in agency regulations....... |RCON 6165| 12 |////////////////////| 1.b.
--------------------
2. Federal funds sold and securities purchased under agreements to resell with U.S. branches |////////////////////|
and agencies of foreign banks(1) (included in Schedule RC, items 3.a and 3.b).................... |3405 0| 2.
3. Not applicable. |////////////////////|
4. Outstanding principal balance of 1-4 family residential mortgage loans serviced for others |////////////////////|
(include both retained servicing and purchased servicing): |////////////////////|
a. Mortgages serviced under a GNMA contract...................................................... |5500 0| 4.a.
b. Mortgages serviced under a FHLMC contract: |////////////////////|
(1) Serviced with recourse to servicer........................................................ |5501 0| 4.b.(1)
(2) Serviced without recourse to servicer..................................................... |5502 0| 4.b.(2)
c. Mortgages serviced under a FNMA contract: |////////////////////|
(1) Serviced under a regular option contract.................................................. |5503 0| 4.c.(1)
(2) Serviced under a special option contract.................................................. |5504 0| 4.c.(2)
d. Mortgages serviced under other servicing contracts............................................ |5505 0| 4.d.
5. To be completed only by banks with $1 billion or more in total assets: |////////////////////|
Customers' liability to this bank on acceptances outstanding (sum of items 5.a and 5.b must |////////////////////|
equal Schedule RC, item 9): |////////////////////|
a. U.S. addressees (domicile).................................................................... |2103 N/A| 5.a.
b. Non-U.S. addressees (domicile)................................................................ |2104 N/A| 5.b.
6. Intangible assets: |////////////////////|
a. Mortgage servicing rights..................................................................... |3164 0| 6.a.
b. Other identifiable intangible assets: |////////////////////|
(1) Purchased credit card relationships....................................................... |5506 0| 6.b.(1)
(2) All other identifiable intangible assets.................................................. |5507 91| 6.b.(2)
c. Goodwill...................................................................................... |3163 17,868| 6.c.
d. Total (sum of items 6.a through 6.c) (must equal Schedule RC, item 10)........................ |2143 17,959| 6.d.
e. Amount of intangible assets (included in item 6.b.(2) above) that have been grandfathered or |////////////////////|
are otherwise qualifying for regulatory capital purposes...................................... |6442 0| 6.e.
7. Mandatory convertible debt, net of common or perpetual preferred stock dedicated to |////////////////////|
redeem the debt.................................................................................. |3295 0| 7.
|--------------------|
</TABLE>
- ----------
(1) Do not report federal funds sold and securities purchased under agreements
to resell with other commercial banks in the U.S. in this item.
18
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-M--Continued
<TABLE>
<CAPTION>
----------------------
Dollar Amounts in Thousands RCON Bil Mil Thou
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
8. a. Other real estate owned: /////////////////////
(1) Direct and indirect investments in real estate ventures.......................... 5372 0 8.a.(1)
(2) All other real estate owned: /////////////////////
(a) Construction and land development............................................ 5508 345 8.a.(2)(a)
(b) Farmland..................................................................... 5509 0 8.a.(2)(b)
(c) 1-4 family residential properties............................................ 5510 711 8.a.(2)(c)
(d) Multifamily (5 or more) residential properties............................... 5511 0 8.a.(2)(d)
(e) Nonfarm nonresidential properties ........................................... 5512 932 8.a.(2)(e)
(3) Total (sum of items 8.a.1) and 8.a.(2)) (must equal Schedule RC, item 7)......... 2150 1,988 8.a.(3)
b. Investments in unconsolidated subsidiaries and associated companies: /////////////////////
(1) Direct and indirect investments in real estate ventures.......................... 5374 0 8.b.(1)
(2) All other investments in unconsolidated subsidiaries and associated companies.... 5375 122 8.b.(2)
(3) Total (sum of items 8.b.1) and 8.b.(2)) (must equal Schedule RC, item 8)......... 2130 122 8.b.(3)
c. Total assets of unconsolidated subsidiaries and associated companies................. 5376 19,071 8.c.
9. Noncumulative perpetual preferred stock and related surplus included in Schedule RC, /////////////////////
item 23, "Perpetual preferred stock and related surplus"................................ 3778 0 9.
10. Mutual fund and annuity sales in domestic offices during the quarter (include /////////////////////
proprietary, private label, and third party products): /////////////////////
a. Money market funds................................................................... 6441 0 10.a.
b. Equity securities funds.............................................................. 8427 4,969 10.b.
c. Debt securities funds................................................................ 8428 4,347 10.c.
d. Other mutual funds................................................................... 8429 0 10.d.
e. Annuities............................................................................ 8430 11,076 10.e.
f. Sales of proprietary mutual funds and annuities (included in items 10.a through /////////////////////
10.e. above)......................................................................... 8784 16,550 10.f.
------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
--------------------
Memorandum Dollar Amounts in Thousands RCON Bil Mil Thou
- --------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interbank holdings of capital instruments (to be completed for the December report only): ////////////////////
a. Reciprocal holdings of banking organizations' capital instruments............................. 3836 N/A M.1.a.
b. Nonreciprocal holdings of banking organizations' capital instruments.......................... 3837 N/A M.1.b.
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
19
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 34-0620 FFIEC 032
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-N--Past Due and Nonaccrual Loans, Leases, and Other Assets
The FFIEC regards the information reported in
all of Memorandum item 1, in items 1 through 10,
column A, and in Memorandum items 2 through 4,
column A, as confidential.
<TABLE>
<CAPTION> ----------
| |
| C370 | (-
--------------------------------------------------------------------|
| (Column A) | (Column B) | (Column C) |
| Past due | Past due 90 | Nonaccrual |
| 30 through 89 | days or more | |
| days and still | and still | |
| accruing | accruing | |
|----------------------|-----------------------|---------------------|
Dollar Amounts in Thousands |RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou|
- ------------------------------------------------------------------------------------------------------------------------
<S> | <C> <C> | <C> <C> | <C> <C>| <C>
1. Loans secured by real estate: |//////////////////// | //////////////////// | ////////////////////|
a. To U.S. addressees (domicile)............. |1245 30,863 | 1246 2,776 | 1247 12,095| 1.a.
b. To non-U.S. addressees (domicile)......... |1248 0 | 1249 0 | 1250 0| 1.b.
2. Loans to depository institutions and |//////////////////// | //////////////////// | ////////////////////|
acceptances of other banks: |//////////////////// | //////////////////// | ////////////////////|
a. To U.S. banks and other U.S. depository |//////////////////// | //////////////////// | ////////////////////|
institutions.............................. |5377 0 | 5378 0 | 5379 0| 2.a.
b. To foreign banks.......................... |5380 0 | 5381 0 | 5382 0| 2.b.
3. Loans to finance agricultural production and |//////////////////// | //////////////////// | ////////////////////|
other loans to farmers....................... |1594 10 | 1597 0 | 1583 0| 3.
4. Commercial and industrial loans: |//////////////////// | //////////////////// | ////////////////////|
a. To U.S. addressees (domicile)............. |1251 3,319 | 1252 764 | 1253 1,488| 4.a.
b. To non-U.S. addressees (domicile)......... |1254 0 | 1255 0 | 1256 0| 4.b.
5. Loans to individuals for household, family, |//////////////////// | //////////////////// | ////////////////////|
and other personal expenditures: |//////////////////// | //////////////////// | ////////////////////|
a. Credit cards and related plans............ |5383 1,487 | 5384 598 | 5385 0| 5.a.
b. Other (includes single payment, |//////////////////// | //////////////////// | ////////////////////|
installment, and all student loans)....... |5386 13,147 | 5387 2,620 | 5388 69| 5.b.
6. Loans to foreign governments and official |//////////////////// | //////////////////// | ////////////////////|
institutions................................. |5389 0 | 5390 0 | 5391 0| 6.
7. All other loans.............................. |5459 0 | 5460 0 | 5461 0| 7.
8. Lease financing receivables: |//////////////////// | //////////////////// | ////////////////////|
a. Of U.S. addressees (domicile)............. |1257 3,314 | 1258 0 | 1259 0| 8.a.
b. Of non-U.S. addressees (domicile)......... |1271 0 | 1272 0 | 1791 0| 8.b.
9. Debt securities and other assets (exclude |//////////////////// | //////////////////// | ////////////////////|
other real estate owned and other |//////////////////// | //////////////////// | ////////////////////|
repossessed assets).......................... |3505 0 | 3506 0 | 3507 0| 9.
--------------------------------------------------------------------
</TABLE>
===============================================================================
<TABLE>
<CAPTION>
Amounts reported in items 1 through 8 above include guaranteed and unguaranteed portions of past due and nonaccrual loans and
leases. Report in item 10 below certain guaranteed loans and leases that have already been included in the amounts reported in
items 1 through 8.
--------------------------------------------------------------------
|RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou|
|----------------------|-----------------------|---------------------|
<S> |<C> <C> | <C> <C> | <C> <C>| <C>
10. Loans and leases reported in items 1 |//////////////////// | //////////////////// | ////////////////////|
through 8 above which are wholly or |//////////////////// | //////////////////// | ////////////////////|
partially guaranteed by the U.S. Government.. |5612 1,426 | 5613 31 | 5614 0| 10.
a. Guaranteed portion of loans and leases |//////////////////// | //////////////////// | ////////////////////|
included in item 10 above................. |5615 1,018 | 5616 28 | 5617 0| 10.a.
--------------------------------------------------------------------
</TABLE>
20
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 34-0620 FFIEC 031
Address: 1000 5TH AVE Page RC-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
Schedule RC-N--Continued
-------
| C373 |(-
------------------------------------------------------------------
| (Column A) | (Column B) | (Column C) |
| Past due | Past due 90 | Nonaccrual |
| 30 through 89 | days or more | |
| days and still | and still | |
| accruing | accruing | |
Memoranda |-----------------------------------------------------------------|
Dollar Amounts in Thousands | RCON Bil Mil Thou | RCON Bil Mil Thou | RCON Bil Mil Thou |
- -------------------------------------------------------------------------------------------------------------------------
1. Restructured loans and leases included in | /////////////////// | /////////////////// | /////////////////// |
Schedule RC-N, items 1 through 8, above (and not | /////////////////// | /////////////////// | /////////////////// |
reported in Schedule RC-C, part I, Memorandum | /////////////////// | /////////////////// | /////////////////// |
item 2).............................................| 1658 0 | 1659 0 | 1661 0 | M.1.
2. Loans to finance commercial real estate, | /////////////////// | /////////////////// | /////////////////// |
construction, and land development activities | /////////////////// | /////////////////// | /////////////////// |
(not secured by real estate) included in | /////////////////// | /////////////////// | /////////////////// |
Schedule RC-N, items 4 and 7, above.................| 6558 0 | 6559 0 | 6560 0 | M.2.
3. Loans secured by real estate (sum of Memorandum | /////////////////// | /////////////////// | /////////////////// |
items 3.a through 3.e must equal sum of Schedule |//////////////////// |//////////////////// | /////////////////// |
RC-N, items 1.a and 1.b, above): | /////////////////// | /////////////////// | /////////////////// |
a. Construction and land development................| 2759 613 | 2769 90 | 3492 422 | M.3.a.
b. Secured by farmland..............................| 3493 27 | 3494 42 | 3495 0 | M.3.b.
c. Secured by 1-4 family residential properties: | /////////////////// | /////////////////// | /////////////////// |
(1) Revolving, open-end loans secured by | /////////////////// | /////////////////// | /////////////////// |
1-4 family residential properties and | /////////////////// | /////////////////// | /////////////////// |
extended under lines of credit...............| 5398 2,627 | 5399 152 | 5400 129 | M.3.c.(1)
(2) All other loans secured by 1-4 family | /////////////////// | /////////////////// | /////////////////// |
residential properties.......................| 5401 21,471 | 5402 1,978 | 5403 6,025 | M.3.c.(2)
d. Secured by multifamily (5 or more) residential | /////////////////// | /////////////////// | /////////////////// |
properties.......................................| 3499 1,087 | 3500 0 | 3501 525 | M.3.d.
e. Secured by nonfarm nonresidential properties.....| 3502 5,038 | 3503 514 | 3504 4,994 | M.3.e.
-------------------------------------------------------------------
---------------------------------------------
| (Column A) | (Column B) |
| Past due 30 | Past due 90 |
| through 89 days | days or more |
|-------------------------------------------|
Dollar Amounts in Thousands | RCON Bil Mil Thou | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------
4. Interest rate, foreign exchange rate, and other | /////////////////// | /////////////////// |
commodity and equity contracts: | /////////////////// | /////////////////// |
a. Book value of amounts carried as assets..........| 3522 0 | 3528 0 | M.4.a.
b. Replacement cost of contracts with a | /////////////////// | /////////////////// |
positive replacement cost........................| 3529 0 | 3530 0 | M.4.b.
---------------------------------------------
</TABLE>
21
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 39-1580 FFIEC 031
Address: 1000 5TH AVE Page RC-2
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-O--Other Data for Deposit Insurance Assessments
<TABLE>
<CAPTION>
-------
| C375 | (-
---------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
1. Unposted debits (see instructions): | /////////////////// |
a. Actual amount of all unposted debits.................................................... | 0030 692 | 1.a.
OR | /////////////////// |
b. Separate amount of unposted debits: | /////////////////// |
(1) Actual amount of unposted debits to demand deposits................................. | 0031 N/A | 1.b.(1)
(2) Actual amount of unposted debits to time and savings deposits(1).................... | 0032 N/A 1.b.(2)
2. Unposted credits (see instructions): | /////////////////// |
a. Actual amount of all unposted credits................................................... | 3510 215 | 2.a.
OR | /////////////////// |
b. Separate amount of unposted credits: | /////////////////// |
(1) Actual amount of unposted credits to demand deposits................................ | 3512 N/A | 2.b.(1)
(2) Actual amount of unposted credits to time and savings deposits(1)................... | 3514 N/A | 2.b.(2)
3. Uninvested trust funds (cash) held in bank's own trust department (not included in total | /////////////////// |
deposits).................................................................................. | 3520 205 | 3.
4. Deposits of consolidated subsidiaries (not included in total deposits): | /////////////////// |
a. Demand deposits of consolidated subsidiaries............................................ | 2211 0 | 4.a.
b. Time and savings deposits(1) of consolidated subsidiaries............................... | 2351 0 | 4.b.
c. Interest accrued and unpaid on deposits of consolidated subsidiaries.................... | 5514 0 | 4.c.
----------------------
5. Not Applicable
----------------------
Item 6 is not applicable to state nonmember banks that have not been authorized by the | /////////////////// |
Federal Reserve to act as pass-through correspondents. | /////////////////// |
6. Reserve balances actually passed through to the Federal Reserve by the reporting bank on | /////////////////// |
behalf of its respondent depository institutions that are also reflected as deposit | /////////////////// |
liabilities of the reporting bank: | /////////////////// |
a. Amount reflected in demand deposits (included in Schedule RC-E, item 4 or 5, | /////////////////// |
column B).............................................................................. | 2314 0 | 6.a.
b. Amount reflected in time and savings deposits(1) (included in Schedule RC-E, | /////////////////// |
item 4 or 5, column A or C, but not column B)........................................... | 2315 0 | 6.b.
7. Unamortized premiums and discounts on time and savings deposits:(1) | /////////////////// |
a. Unamortized premiums.................................................................... | 5516 0 | 7.a.
b. Unamortized discounts................................................................... | 5517 0 | 7.b.
-----------------------
- -----------------------------------------------------------------------------------------------------------------------------
|8. To be completed by banks with "Oakar deposits." |
| ---------------------- |
| Total "Adjusted Attributable Deposits" of all institutions acquired under Section 5(d)(3) | /////////////////// | |
| of the Federal Deposit Insurance Act (from most recent FDIC Oakar Transaction Worksheet(s)).| 5518 N/A | 8. |
| ----------------------- |
- -----------------------------------------------------------------------------------------------------------------------------
-----------------------
9. Deposits in lifeline accounts.............................................................. | 5596/////////////// | 9.
10. Benefit-responsive "Depository Institution Investment Contracts" (included in total | /////////////////// |
deposits).................................................................................. | 8432 0 |10.
-----------------------
</TABLE>
_____________________________________
1) For FDIC insurance assessment purposes, "time and savings deposits" consists
of nontransaction accounts and all transaction accounts other than demand
deposits.
22
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 39-1580 FFIEC 031
Address: 1000 5TH AVE Page RC-2
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
<TABLE>
<CAPTION>
Schedule RC-O--Continued
<S> <C>
---------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- -----------------------------------------------------------------------------------------------------------------------
11. Adjustments to demand deposits reported in Schedule RC-E for | /////////////////// |
certain reciprocal demand balances: | /////////////////// |
a. Amount by which demand deposits would be reduced if reciprocal demand balances | /////////////////// |
between the reporting bank and savings associations were reported on a net basis | /////////////////// |
rather than a gross basis in Schedule RC-E.............................................. | 8785 0 | 11.a.
b. Amount by which demand deposits would be increased if reciprocal demand balances | /////////////////// |
between the reporting bank and U.S. branches and agencies of foreign banks were | /////////////////// |
reported on a gross basis rather than a net basis in Schedule RC-E.......................| A181 0 | 11.b.
c. Amount by which demand deposits would be reduced if cash items in process of | /////////////////// |
collection were included in the calculation of net reciprocal demand balances between | /////////////////// |
the reporting bank and the domestic offices of U.S. banks and savings associations | /////////////////// |
in Schedule RC-E.........................................................................| A182 0 | 11.c.
-----------------------
Memoranda (to be completed each quarter except as noted)
---------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou |
- -----------------------------------------------------------------------------------------------------------------------
1. Total deposits of the bank (sum of Memorandum items 1.a.(1) and | /////////////////// |
1.b.(1) must equal Schedule RC, item 13.a): | /////////////////// |
a. Deposit accounts of $100,000 or less: | /////////////////// |
(1) Amount of deposit accounts of $100,000 or less.......................................| 2702 1,629,817 | M.1.a.(1)
(2) Number of deposit accounts of $100,000 or less (to be Number | /////////////////// |
----------------------| /////////////////// |
completed for the June report only)........................... | RCON 3779 | N/A | /////////////////// | M.1.a.(2)
----------------------
b. Deposit accounts of more than $100,000: | /////////////////// |
(1) Amount of deposit accounts of more than $100,000.....................................| 2710 431,540 | M.1.b.(1)
Number | /////////////////// |
----------------------
(2) Number of deposit accounts of more than $100,000.............. | RCON 2722 | 1,765 | /////////////////// | M.1.b.(2)
---------------------------------------------
2. Estimated amount of uninsured deposits of the bank:
a. An estimate of your bank's uninsured deposits can be determined by multiplying the
number of deposit accounts of more than $100,000 reported in Memorandum item 1.b.(2)
above by $100,000 and subtracting the result from the amount of deposit accounts of
more than $100,000 reported in Memorandum item 1.b.(1) above.
Indicate in the appropriate box at the right whether your bank has a method or YES NO
procedure for determining a better estimate of uninsured deposits than the -----------------------
estimate described above.................................................................| 6861 | | /// | X| M.2.a.
-----------------------
b. If the box marked YES has been checked, report the estimate of uninsured deposits | RCON Bil Mil Thou |
-----------------------
determined by using your bank's method or procedure .....................................| 5597 N/A | M.2.b.
-----------------------
- -----------------------------------------------------------------------------------------------------------------------
Person to whom questions about the Reports of Condition and Income should be directed: | C477 |
--------
Pat Leahy, Director of Financial Reporting (304) 526-6636
- ----------------------------------------------------------------------- --------------------------------------------
Name and Title (TEXT 8901) Area code/phone number/extension (TEXT 8902)
</TABLE>
23
<PAGE>
<TABLE>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RC-2
City, State, zip: HUNTINGTON, WV 25701
FDIC Certificate No: |0|6|7|6|8|
-----------
</TABLE>
Schedule RC-R--Regulatory Capital
This schedule must be completed by all banks as follows: Banks that reported
total assets of $1 billion or more in Schedule RC, item 12, for June 30, 1995,
must complete items 2 through 9 and Memoranda items 1 and 2. Banks with assets
of less than $1 billion must complete items 1 through 3 below or Schedule RC-R
in its entirety, depending on their response to item 1 below.
<TABLE>
<CAPTION>
<S> <C> <C><C>
-------------
| |
| C380 | (-
1. Test for determining the extent to which Schedule RC-R must be completed. To ----------------
be completed only by banks with total assets of less than $1 billion. | YES NO |
Indicate in the appropriate box at the right whether the bank has total --------------------------------
capital greater than or equal to eight percent of adjusted total | RCON 6056 | X |////| | 1.
assets..................................................................... --------------------------------
For purposes of this test, adjusted total assets equals total assets
less cash, U. S. Treasuries, U.S. Government agency obligations, and 80
percent of U.S. Government-sponsored agency obligations plus the allowance
for loan and lease losses and selected off-balance sheet items as reported on
Schedule RC-L (see instructions).
If the box marked YES has been checked, then the bank only has to
complete items 2 and 3 below. If the box marked NO has been checked, the bank
must complete the remainder of this schedule.
A NO response to item 1 does not necessarily mean that the bank's actual
risk-based capital ratio is less than eight percent or that the bank is not
in compliance with the risk-based capital guidelines.
- --------------------------------------------------------------------------------
| NOTE: All banks are required to complete items 2 and below. See optional |
| worksheet for items 3.a through 3.f. |
- -------------------------------------------------------------------------------- ------------------------------------------
Dollar Amounts in Thousands | (Column A) | (Column B) |
- -------------------------------------------------------------------------------- |Subordinated Debt(1)| Other |
2. Subordinated debt(1) and other limited-life capital instruments (original |and Intermediate | Limited-Life |
weighted average maturity of at least five years) with a remaining |Term Preferred Stock|Capital Instruments |
maturity of: |--------------------|--------------------|
|RCON Bil Mil Thou|RCON Bil Mil Thou|
|--------------------|--------------------|
a. One year or less........................................................ |3780 0|3786 0|2.a.
b. Over one year through two years......................................... |3781 0|3787 0|2.b.
c. Over two years through three years...................................... |3782 0|3788 0|2.c.
d. Over three years through four years..................................... |3783 0|3789 0|2.d.
e. Over four years through five years...................................... |3784 0|3790 0|2.e.
f. Over five years......................................................... |3785 0|3791 0|2.f.
3. Amounts used in calculating regulatory capital ratios (report amounts |////////////////////|////////////////////|
determined by the bank for its own internal regulatory capital analyses |////////////////////|////////////////////|
consistent with applicable capital standards): |////////////////////|--------------------|
|////////////////////|RCON Bil Mil Thou|
|////////////////////|--------------------|
a. Tier 1 capital.......................................................... |////////////////////|8274 266,346|3.a.
b. Tier 2 capital.......................................................... |////////////////////|8275 13,995|3.b.
c. Total risk-based capital................................................ |////////////////////|3792 280,341|3.c.
d. Excess allowance for loan and lease losses.............................. |////////////////////|A222 0|3.d.
e. Risk-weighted assets (net of all deductions, including excess |////////////////////|////////////////////|
allowance).............................................................. |////////////////////|A223 1,716,227|3.e.
f. "Average total assets" (net of all assets deducted from Tier 1 |////////////////////|////////////////////|
capital)(2)............................................................. |////////////////////|A224 2,594,932|3.f.
-------------------------------------------
--------------------------------------------
| (Column A) | (Column B) |
Items 4-9 and Memoranda items 1 and 2 are to be completed | Assets | Credit Equiv- |
by banks that answered NO to item 1 above and | Recorded | alent Amount |
by banks with total assets of $1 billion or more. | on the | of Off-Balance |
| Balance Sheet | Sheet Items(3) |
-------------------------------------------
|RCON Bil Mil Thou |RCON Bil Mil Thou|
4. Assets and credit equivalent amounts of off-balance sheet items ----------------------| --------------------
assigned to the Zero percent risk category: |/////////////////////|////////////////////|
a. Assets recorded on the balance sheet: |/////////////////////|////////////////////|
(1) Securities issued by, other claims on, and claims unconditionally |/////////////////////|////////////////////|
guaranteed by, the U.S. Government and its agencies and |/////////////////////|////////////////////|
other OECD central governments...................................... |3794 46,356|////////////////////|4.a.(1)
(2) All other........................................................... |3795 65,451|////////////////////|4.a.(2)
b. Credit equivalent amount of off-balance sheet items..................... |/////////////////////|3796 0|4.b.
--------------------------------------------
</TABLE>
- ----------
(1) Exclude mandatory convertible debt reported in Schedule RC-M, item 7.
(2) Do not deduct excess allowance for loan and lease losses.
(3) Do not report in column B the risk-weighted amount of assets reported in
column A.
24
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 39-1580 FFIEC 031
Address: 1000 5TH AVE Page RC-2
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
Schedule RC-R--Continued
---------------------------------------------
| (Column A) | (Column B) |
| Assets | Credit Equivalent |
| Recorded | Amount of Off- |
| on the | Balance Sheet |
| Balance Sheet | Items (1) |
|--------------------------------------------|
Dollar Amounts in Thousands |RCON Bil Mil Thou | RCON Bil Mil Thou|
- -----------------------------------------------------------------------------------------------------------------------
<S> |<C> <C> | <C> <C>| <C>
5. Assets and credit equivalent amounts of off-balance sheet items |///////////////////// | ////////////////////|
assigned to the 20 percent risk category: |///////////////////// | ////////////////////|
a. Assets recorded on the balance sheet: |///////////////////// | ////////////////////|
(1) Claims conditionally guaranteed by the U.S. Government and |///////////////////// | ////////////////////|
its agencies and other OECD central governments................ |3798 44,617 | ////////////////////| 5.a.(1)
(2) Claims collateralized by securities issued by the U.S. |///////////////////// | ////////////////////|
Government and its agencies and other OECD central governments; |///////////////////// | ////////////////////|
by securities issued by U.S. Government-sponsored agencies; and |///////////////////// | ////////////////////|
by cash on deposit............................................. |3799 0 | ////////////////////| 5.a.(2)
(3) All other...................................................... |3800 594,609 | ////////////////////| 5.a.(3)
b. Credit equivalent amount of off-balance sheet items................ |///////////////////// | 3801 199| 5.b.
6. Assets and credit equivalent amounts of off-balance sheet items |///////////////////// | ////////////////////|
assigned to the 50 percent risk category: |///////////////////// | ////////////////////|
a. Assets recorded on the balance sheet............................... |3802 525,650 | ////////////////////| 6.a.
b. Credit equivalent amount of off-balance sheet items................ |///////////////////// | 3803 0| 6.b.
7. Assets and credit equivalent amounts of off-balance sheet items |///////////////////// | ////////////////////|
assigned to the 100 percent risk category: |///////////////////// | ////////////////////|
a. Assets recorded on the balance sheet .............................. |3804 1,262,904 | ////////////////////| 7.a.
b. Credit equivalent amount of off-balance sheet items................ |///////////////////// | 3805 80,572| 7.b.
8. On-balance sheet asset values excluded from the calculation of the |///////////////////// | ////////////////////|
risk-based capital ratio(2)........................................... |3806 2,051 | ////////////////////| 8.
9. Total assets recorded on the balance sheet (sum of items 4.a, 5.a, |///////////////////// | ////////////////////|
6.a, 7.a, and 8, column A) (must equal Schedule RC, item 12 plus |///////////////////// | ////////////////////|
items 4.b and 4.c).................................................... |3807 2,542,638 | ////////////////////| 9.
---------------------- |----------------------
<S>
Memoranda -----------------------
Dollar Amounts in Thousands | RCON Bil Mil Thou|
- -----------------------------------------------------------------------------------------------------------------------
1. Current credit exposure across all off-balance sheet derivative contracts covered by | ////////////////////|
the risk-based capital standards............................................................. | 8764 149| M.1.
---------------------
-----------------------------------------------------------------------------------------
| With a remaining maturity of |
------------------------------ ----------------------------- -----------------------------
| (Column A) | (Column B) | (Column C) |
| | | |
| One year or less | Over one year | Over five years |
| | through five years | |
2. Notional principal amounts |----------------------------| ----------------------------| ----------------------------|
of off-balance sheet |RCON Tril Bil Mil Thou | RCON Tril Bil Mil Thou | RCON Tril Bil Mil Thou |
derivative contracts(3): ----------------------------- ---------------------------- ----------------------------
<S> <C> <C> <C> <C> <C> <C>
a. Interest rate contracts.|3809 504,770 | 8766 10,000| 8767 0 | M.2.a.
b. Foreign exchange | | | |
contracts..............|3812 0 | 8769 0| 8770 0 | M.2.b.
c. Gold contracts..........|8771 0 | 8772 0| 8773 0 | M.2.c.
d. Other precious metals | | | |
contracts..............|8774 0 | 8775 0| 8776 0 | M.2.d.
e. Other commodity | | | |
contracts..............|8777 0 | 8778 0| 8779 0 | M.2.e
b. Equity derivative | | | |
contracts..............|A000 0 | A001 0| A002 0 | M.2.f.
-----------------------------------------------------------------------------------------
</TABLE>
- --------------------------------
(1) Do not report in column B the risk-weighted amount of assets reported in
column A.
(2) Include the difference between the fair value and the amortized cost of
available-for-sale securities in item 8 and report the amortized cost of
these securities in items 4 through 7 above. Item 8 also includes on-balance
sheet asset values (or portions thereof) of off-balance sheet interest rate,
foreign exchange rate, and commodity contracts and those contracts (e.g.,
futures contracts) not subject to risk-based capital. Exclude from item 8
margin accounts and accrued receivables not included in the calculation of
credit equivalent amounts of off-balance sheet derivatives as well as any
portion of the allowance for loan and lease losses in excess of the amount
that may be included in Tier 2 capital.
(3) Exclude foreign exchange contracts with an original maturity 14 days or less
and all futures contracts.
25
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANK ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5th AVE Page RC-24
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Optional Narrative Statement Concerning the Amounts
Reported in the Reports of Condition and Income
at close of business on September 30, 1996
BANK ONE WEST VIRGINIA
- --------------------------------------------------------------------------------
Legal Title of Bank
HUNTINGTON West Virginia
- ----------------------------------------------- -------------------------------
City State
The management of the reporting bank may, if it wishes, submit a brief narrative
statement on the amounts reported in the Reports of Condition and Income. This
optional statement will be made available to the public, along with the publicly
available data in the Reports of Condition and Income, in response to any
request for individual bank report data. However, the information reported in
column A and in all of Memorandum item 1 of Schedule RC-N is regarded as
confidential and will not be released to the public. BANKS CHOOSING TO SUBMIT
THE NARRATIVE STATEMENT SHOULD ENSURE THAT THE STATEMENT DOES NOT CONTAIN THE
NAMES OR OTHER IDENTIFICATIONS OF INDIVIDUAL BANK CUSTOMERS, REFERENCES TO THE
AMOUNTS REPORTED IN THE CONFIDENTIAL ITEMS IN SCHEDULE RC-N, OR ANY OTHER
INFORMATION THAT THEY ARE NOT WILLING TO HAVE MADE PUBLIC OR THAT WOULD
COMPROMISE THE PRIVACY OF THEIR CUSTOMERS. Banks choosing not to make a
statement may check the "No comment" box below and should make no entries of any
kind in the space provided for the narrative statement; i.e., DO NOT enter in
this space such phrases as "No statement," "Not applicable," "N/A," "No
comment," and "None."
The optional statement must be entered on this sheet. The statement should not
exceed 100 words. Further, regardless of the number of words, the statement must
not exceed 750 characters, including punctuation, indentation, and standard
spacing between words and sentences. If any submission should exceed 750
characters, as defined, it will be truncated at 750 characters with no notice to
the submitting bank and the truncated statement will appear as the bank's
statement both on agency computerized records and in computer-file releases to
the public.
All information furnished by the bank in the narrative statement must be
accurate and not misleading. Appropriate efforts shall be taken by the
submitting bank to ensure the statement's accuracy. The statement must be
signed, in the space provided below, by a senior officer of the bank who thereby
attests to its accuracy.
If, subsequent to the original submission, material changes are submitted for
the data reported in the Reports of Condition and Income, the existing narrative
statement will be deleted from the files, and from disclosure; the bank, at its
option, may replace it with a statement, under signature, appropriate to the
amended data.
The optional narrative statement will appear in agency records and in release to
the public exactly as submitted (or amended as described in the preceding
paragraph) by the management of the bank (except for the truncation of
statements exceeding the 750-character limit described above). THE STATEMENT
WILL NOT BE EDITED OR SCREENED IN ANY WAY BY THE SUPERVISORY AGENCIES FOR
ACCURACY OR RELEVANCE. DISCLOSURE OF THE STATEMENT SHALL NOT SIGNIFY THAT ANY
FEDERAL SUPERVISORY AGENCY HAS VERIFIED OR CONFIRMED THE ACCURACY OF THE
INFORMATION CONTAINED THEREIN. A STATEMENT TO THIS EFFECT WILL APPEAR ON ANY
PUBLIC RELEASE OF THE OPTIONAL STATEMENT SUBMITTED BY THE MANAGEMENT OF THE
REPORTING BANK.
- --------------------------------------------------------------------------------
No comment | | (RCON 6979) | C371 | C372 |(-
----- ------------------
BANK MANAGEMENT STATEMENT (please type or print clearly):
(TEXT 6980)
-------------------------------------- -----------------------------
Signature of Executive Officer of Bank Date of Signature
26
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620
Address: 1000 5TH AVE
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
<TABLE>
<CAPTION>
THIS PAGE IS TO BE COMPLETED BY ALL BANKS
<S> <C>
- ----------------------------------------------------------------------------------------------------------------------------------
NAME AND ADDRESS OF BANK OMB No. For OCC: 1557-0081
OMB No. For FDIC: 3064-0052
OMB No. For Federal Reserve: 7100-0036
Expiration Date: 3/31/99
PLACE LABEL HERE
</TABLE>
<TABLE>
<CAPTION>
SPECIAL REPORT
(Dollar Amounts in Thousands)
<S> <C> <C> <C> <C>
-------------------------------------------------------------------------------------
CLOSE OF BUSINESS | FDIC Certificate Number | | Less
DATE | | C-700 | Than -
9/30/96 | |0|6|7|6|8| | |
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
LOANS TO EXECUTIVE OFFICERS (Complete as of each Call Report Date)
- -------------------------------------------------------------------------------
The following information is required by Public Laws 90-44 and 102-242, but does
not constitute a part of the Report of Condition. With each Report of Condition,
these Laws require all banks to furnish a report of all loans or other
extensions of credit to their executive officers made since the date of the
previous Report of Condition. Data regarding individual loans or other
extensions of credit are not required. If no such loans or other extensions of
credit were made during the period, insert "none" against subitem (a). (Exclude
the first $15,000 of indebtedness of each executive officer under bank credit
card plan.) See Sections 215.2 and 215.3 of Title 12 of the Code of Federal
Regulations (Federal Reserve Board Regulation O) for the definitions of
"executive officer" and "extension of credit," respectively. Exclude loans and
other extensions of credit to directors and principal shareholders who are not
executive officers.
- -------------------------------------------------------------------------------
<TABLE>
<S> <C> <C> <C> <C> <C> <C> <C>
----------------------------------
a. Number of loans made to executive officers since the previous Call Report date......... | RCON 3561 | | 0 a.
----------------------------------
b. Total dollar amount of above loans (in thousands of dollars) .......................... | RCON 3562 | | 0 b.
----------------------------------
c. Range of interest charged on above loans -----------------------------------------------------------------
(example: 9 3/4% = 9.75).............................| RCON 7701 | 0.00 | % to | RCON 7702 | 0.00 | % c.
- -----------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<S> <C>
- -----------------------------------------------------------------------------------------------------------------------------
SIGNATURE AND TITLE OF OFFICER AUTHORIZED TO SIGN REPORT | DATE (Month, Day, Year)
|
|
- -----------------------------------------------------------------------------------------------------------------------------
NAME AND TITLE OF PERSON TO WHOM INQUIRIES MAY BE DIRECTED (TEXT 8903) | AREA CODE/PHONE NUMBER/EXTENSION
| (TEXT 8904)
Pat Leahy | (304) 526-6636
- -----------------------------------------------------------------------------------------------------------------------------
FDIC 8040/53 (6-95)
</TABLE>
27
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RI-1
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Consolidated Report of Income
for the period January 1, 1996 - September 30, 1996
All Report of Income schedules are to be reported on a calendar year-to-date
basis in thousands of dollars.
Schedule RI--Income Statement
<TABLE>
<CAPTION>
----------
| I380 |(-
---------
Dollar Amounts in Thousands |RIAD Bil Mil Thou|
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1. Interest income: |////////////////////|
a. Interest and fee income on loans: |////////////////////|
(1) Loans secured by real estate..................................................... |4011 57,145 | 1.a.(1)
(2) Loans to finance agricultural production and other loans to farmers.............. |4024 254 | 1.a.(2)
(3) Commercial and industrial loans.................................................. |4012 14,568 | 1.a.(3)
(4) Loans to individuals for household, family, and other personal expenditures:..... |////////////////////|
(a) Credit cards and related plans............................................... |4054 6,494 | 1.a.(4)(a)
(b) Other........................................................................ |4055 28,806 | 1.a.(4)(b)
(5) Loans to foreign governments and official institutions........................... |4056 0 | 1.a.(5)
(6) Obligations (other than securities and leases) of states and political........... |////////////////////|
subdivisions in the U.S.:........................................................ |////////////////////|
(a) Taxable obligations.......................................................... |4503 306 | 1.a.(6)(a)
(b) Tax-exempt obligations....................................................... |4504 981 | 1.a.(6)(b)
(7) All other loans ................................................................. |4058 0 | 1.a.(7)
b. Income from lease financing receivables: |////////////////////|
(1) Taxable leases................................................................... |4505 798 | 1.b.(1)
(2) Tax-exempt leases................................................................ |4307 23 | 1.b.(2)
c. Interest income on balances due from depository institutions:(1)..................... |4115 0 | 1.c.
d. Interest and dividend income on securities: |////////////////////|
(1) U.S. Treasury securities and U.S. Government agency and corporation obligations.. |4027 16,748 | 1.d.(1)
(2) Securities issued by states and political subdivisions in the U.S.: |////////////////////|
(a) Taxable securities........................................................... |4506 15 | 1.d.(2)(a)
(b) Tax-exempt securities........................................................ |4507 3,767 | 1.d.(2)(b)
(3) Other domestic debt securities................................................... |3657 5,923 | 1.d.(3)
(4) Foreign debt securities.......................................................... |3658 0 | 1.d.(4)
(5) Equity securities (including investments in mutual funds)........................ |3659 179 | 1.d.(5)
e. Interest income from trading assets.................................................. |4069 0 | 1.e.
f. Interest income on federal funds sold and securities purchased under |////////////////////|
agreements to resell................................................................ |4020 3,833 | 1.f.
g. Total interest income (sum of items 1.a through 1.f)................................. |4107 139,840 | 1.g.
--------------------
</TABLE>
- ----------
(1) Includes interest income on time certificates of deposit not held for
trading.
28
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5th Ave Page RI-2
City, State Zip: Huntington, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RI--Continued
<TABLE>
<CAPTION>
----------------
| Year-to-date |
----------------
Dollar Amounts in Thousands | RIAD Bil Mil Thou |
- -----------------------------------------------------------------------------------------------------------
<S> | <C> | <C>
2. Interest expense: | /////////////////////|
a. Interest on deposits: | /////////////////////|
(1) Transaction accounts (NOW accounts, ATS accounts, and | /////////////////////|
telephone and preauthorized transfer accounts)...................... | 4508 1,620 | 2.a.(1)
(2) Nontransaction accounts: | //////////////////// |
(a) Money market deposit accounts (MMDAs)........................... | 4509 16,097 | 2.a.(2)(a)
(b) Other savings deposits.......................................... | 4511 7,873 | 2.a.(2)(b)
(c) Time certificates of deposit of $100,000 or more................ | 4174 2,587 | 2.a.(2)(c)
(d) All other time deposits......................................... | 4512 25,330 | 2.a.(2)(d)
b. Expense of federal funds purchased and securities sold under | //////////////////// |
agreements to repurchase................................................. | 4180 5,386 | 2.b.
c. Interest on demand notes issued to the U.S. Treasury, trading | //////////////////// |
liabilities, and other borrowed money.................................... | 4185 7 | 2.c.
d. Interest on mortgage indebtedness and obligations under capitalized | //////////////////// |
leases................................................................... | 4072 0 | 2.d.
e. Interest on subordinated notes and debentures............................ | 4200 0 | 2.e.
f. Total interest expense (sum of items 2.a through 2.e).................... | 4073 58,900 | 2.f.
| |--------------------
3. Net interest income (item 1.g minus 2.f)..................................... | //////////////////// |RIAD 4074 | 80,940 | 3.
4. Provisions: | //////////////////// |--------------------
| |--------------------
a. Provision for loan and lease losses...................................... | //////////////////// |RIAD 4230 | 3,383 | 4.a.
b. Provision for allocated transfer risk.................................... | //////////////////// |RIAD 4243 | 0 | 4.b.
| |--------------------
5. Noninterest income: | //////////////////// |
a. Income from fiduciary activities......................................... | 4070 5,967 | 5.a.
b. Service charges on deposit accounts ..................................... | 4080 6,423 | 5.b.
c. Trading revenue (must equal Schedule RI, sum of Memorandum | //////////////////// |
items 8.a through 8.d)................................................... | A220 0 | 5.c.
d. Other foreign transaction gains (losses)................................. | 4076 0 | 5.d.
e. Not applicable | //////////////////// |
f. Other noninterest income: | //////////////////// |
(1) Other fee income..................................................... | 5407 3,331 | 5.f.(1)
(2) All other noninterest income*........................................ | 5408 931 | 5.f.(2)
| |--------------------
g. Total noninterest income (sum of items 5.a through 5.f).................. | //////////////////// |RIAD 4079 | 16,652 | 5.g
6. a. Realized gains (losses) on held-to-maturity securities................... | //////////////////// |RIAD 3521 | 22 | 6.a
b. Realized gains (losses) on available-for-sale securities................. | //////////////////// |RIAD 3196 | 442 | 6.b
| |--------------------
7. Noninterest expense: | //////////////////// |
a. Salaries and employee benefits........................................... | 4135 18,031 | 7.a.
b. Expenses of premises and fixed assets (net of rental income) | //////////////////// |
(excluding salaries and employee benefits and mortgage interest)......... | 4217 4,547 | 7.b.
c. Other noninterest expense*............................................... | 4092 39,431 | 7.c.
| |--------------------
d. Total noninterest expense (sum of items 7.a through 7.c)................. | //////////////////// |RIAD 4093 | 62,009 | 7.d
| |--------------------
8. Income (loss) before income taxes and extraordinary items and other | //////////////////// |
adjustments (item 3 plus or minus items 4.a, 4.b, 5.g, 6.a, 6.b, and 7.d).... | //////////////////// |RIAD 4301 | 32,664 | 8.
9. Applicable income taxes (on item 8).......................................... | //////////////////// |RIAD 4302 | 12,120 | 9.
| |--------------------
10. Income (loss) before extraordinary items and other adjustments (item 8 | //////////////////// |
minus 9)..................................................................... | //////////////////// |RIAD 4300 | 20,544 | 10.
| |--------------------
11. Extraordinary items and other adjustments: | //////////////////// |
a. Extraordinary items and other adjustments, gross of income taxes*........ | 4310 0 | 11.a.
b. Applicable income taxes (on item 11.a)*.................................. | 4315 0 | 11.b.
c. Extraordinary items and other adjustments, net of income taxes | //////////////////// |
(item 11.a minus 11.b)................................................... | //////////////////// |RIAD 4320 | 0 | 11.c
12. Net income (loss) (sum of items 10 and 11.c)................................. | //////////////////// |RIAD 4340 | 20,544 | 12.
--------------------------------------------
</TABLE>
- ---------
*Describe on Schedule RI-E--Explanations.
29
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: Banc One West Virginia Call Date: 9/30/96 ST-BK: 39-1580 FFIEC 031
Address: 1000 5th Ave Page RI-3
City, State Zip: Huntington, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RI--Continued
<TABLE>
<CAPTION>
---------
| I381 | (-
--------------|
Memoranda |Year-to-date |
----------------------|
Dollar Amounts in Thousands |RIAD Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------------- |
<S> |<C> <C> | <C>
1. Interest expense incurred to carry tax-exempt securities, loans, and leases acquired after |//////////////////// |
August 7, 1986, that is not deductible for federal income tax purposes....................... |4513 174 | M.1.
2. Income from the sale and servicing of mutual funds and annuities |//////////////////// |
(included in Schedule RI, item 8)............................................................ |8431 998 | M.2.
3. Not applicable |//////////////////// |
4. Number of full-time equivalent employees on payroll at end of current period (round to |//// Number |
nearest whole number)........................................................................ |4150 765 | M.4.
5.-6. Not applicable |//////////////////// |
7. If the reporting bank has restated its balance sheet as a result of applying push down |//// MM DD YY |
accounting this calendar year, report the date of the bank's acquisition..................... |9106 00/00/00 | M.7.
8. Trading revenue (from cash instruments and off-balance sheet derivative instruments) |//////////////////// |
(sum of Memorandum items 8.a through 8.d must equal Schedule RI, item 5.c): |//////////////////// |
a. Interest rate exposures................................................................... |8757 0 | M.8.a.
b. Foreign exchange exposures................................................................ |8758 0 | M.8.b.
c. Equity security and index exposures....................................................... |8759 0 | M.8.c.
d. Commodity and other exposures............................................................. |8760 0 | M.8.d.
9. Impact on income of off-balance sheet derivatives held for purposes other than trading: |//////////////////// |
a. Net increase (decrease) to interest income................................................ |8761 (2,614)| M.9.a.
b. Net (increase) decrease to interest expense............................................... |8762 (1,454)| M.9.b.
c. Other (noninterest) allocations........................................................... |8763 5 | M.9.c.
10. Credit losses on off-balance sheet derivatives (see instructions)............................ |A251 0 | M.10.
-----------------------
</TABLE>
Schedule RI-A--Changes in Equity Capital
Indicate decreases and losses in parentheses.
<TABLE>
<CAPTION>
--------
| I383 | (-
-----------------------
Dollar Amounts in Thousands |RIAD Bil Mil Thou |
- ---------------------------------------------------------------------------------------------------------|-------------------- |
<S> |<C> <C> | <C>
1. Total equity capital originally reported in the December 31, 1995, Reports of Condition |//////////////////// |
and Income.......................................................................................... |3215 269,931 | 1.
2. Equity capital adjustments from amended Reports of Income, net*..................................... |3216 0 | 2.
3. Amended balance end of previous calendar year (sum of items 1 and 2)................................ |3217 269,931 | 3.
4. Net income (loss) (must equal Schedule RI, item 12)................................................. |4340 20,544 | 4.
5. Sale, conversion, acquisition, or retirement of capital stock, net.................................. |4346 0 | 5.
6. Changes incident to business combinations, net...................................................... |4356 0 | 6.
7. LESS: Cash dividends declared on preferred stock.................................................... |4470 0 | 7.
8. LESS: Cash dividends declared on common stock....................................................... |4460 2,300 | 8.
9. Cumulative effect of changes in accounting principles from prior years* (see instructions for |//////////////////// |
this schedule)...................................................................................... |4411 0 | 9.
10. Corrections of material accounting errors from prior years* (see instructions for this schedule).... |4412 0 | 10.
11. Change in net unrealized holding gains (losses) on available-for-sale securities.................... |8433 (2,766)| 11.
12. Other transactions with parent holding company* (not included in items 5, 7, or 8 above)............ |4415 0 | 12.
13. Total equity capital end of current period (sum of items 3 through 13) (must equal |//////////////////// |
Schedule RC, item 28)............................................................................... |3210 285,409 | 13.
---------------------
</TABLE>
- --------
*Describe on Schedule RI-E--Explanations.
30
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANK ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RI-4
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RI-B--Charge-offs and Recoveries and Changes
in Allowance for Loan and Lease Losses
Part I. Charge-offs and Recoveries on Loans and Leases
Part I excludes charge-offs and recoveries through
the allocated transfer risk reserve.
<TABLE>
<CAPTION>
------
|I386|(-
--------------------------------------------
| (Column A) (Column B) |
| Charge-offs Recoveries |
--------------------------------------------
| Calendar year-to-date |
--------------------------------------------
Dollar Amounts in Thousands |RIAD Bil Mil Thou RIAD Bil Mil Thou|
- ----------------------------------------------------------------------------------------------------------------------|
<S> <C> <C> <C> <C> | <C>
1. Loans secured by real estate: |//////////////////// ////////////////////|
a. To U.S. addressees (domicile)....................................... |4651 1,160 4661 754| 1.a.
b. To non-U.S. addressees (domicile)................................... |4652 0 4662 0| 1.b.
2. Loans to depository institutions and acceptances of other banks: |//////////////////// ////////////////////|
a. To U.S. banks and other U.S. depository institutions................ |4653 0 4663 0| 2.a.
b. To foreign banks.................................................... |4654 0 4664 0| 2.b.
3. Loans to finance agricultural production and other loans to farmers.... |4655 0 4665 0| 3.
4. Commercial and industrial loans: |//////////////////// ////////////////////|
a. To U.S. addressees (domicile)....................................... |4645 783 4617 259| 4.a.
b. To non-U.S. addressees (domicile)................................... |4646 0 4618 0| 4.b.
5. Loans to individuals for household, family, and other personal |//////////////////// ////////////////////|
expenditures: |//////////////////// ////////////////////|
a. Credit cards and related plans...................................... |4656 1,704 4666 193| 5.a.
b. Other (includes single payment, installment, and all student loans). |4657 7,082 4667 3,319| 5.b.
6. Loans to foreign governments and official institutions................. |4643 0 4627 0| 6.
7. All other loans........................................................ |4644 0 4628 0| 7.
8. Lease financing receivables: |//////////////////// ////////////////////|
a. Of U.S. addressees (domicile)....................................... |4658 0 4668 0| 8.a.
b. Of non-U.S. addressees (domicile)................................... |4659 0 4669 0| 8.b.
9. Total (sum of items 1 through 8)....................................... |4635 10,729 4605 4,525| 9.
--------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
------------------------------------------------
| (Column A) (Column B) |
| Charge-offs Recoveries |
------------------------------------------------
Memoranda | Calendar Year-to-date |
------------------------------------------------
Dollar Amounts in Thousands |RIAD Bil Mil Thou | RIAD Bil Mil Thou |
- --------------------------------------------------------------------------------------------------------------------------
<S> |<C> <C> | <C> <C> | <C>
1.-3. Not applicable. | //////////////////// | //////////////////// |
4. Loans to finance commercial real estate, construction, and land | //////////////////// | //////////////////// |
development activities (not secured by real estate) included in | //////////////////// | //////////////////// |
Schedule RI-B, part I, items 4 and 7, above.......................... | 5409 0 | 5410 0 | M.4.
5. Loans secured by real estate (sum of Memorandum items 5.a through 5.e | //////////////////// | //////////////////// |
must equal sum of Schedule RI-B, part I, items 1.a and 1.b above): | //////////////////// | //////////////////// |
a. Construction and land development................................. | 3582 0 | 3583 0 | M.5.a.
b. Secured by farmland............................................... | 3584 0 | 3585 0 | M.5.b.
c. Secured by 1-4 family residential properties: | //////////////////// | //////////////////// |
(1) Revolving, open-end loans secured by 1-4 family residential | //////////////////// | //////////////////// |
properties and extended under lines of credit................. | 5411 278 | 5412 10 | M.5.c.(1)
(2) All other loans secured by 1-4 family residential properties.. | 5413 148 | 5414 20 | M.5.c.(2)
d. Secured by multifamily (5 or more) residential properties......... | 3588 0 | 3589 0 | M.5.d.
e. Secured by nonfarm nonresidential properties...................... | 3590 734 | 3591 724 | M.5.e.
------------------------------------------------
</TABLE>
31
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RI-5
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
</TABLE>
Schedule RI-B--Continued
Part II. Changes in Allowance for Loan and Lease Losses
<TABLE>
<CAPTION>
---------------------
Dollar Amounts in Thousands |RIAD Bil Mil Thou |
- --------------------------------------------------------------------------------------------|---------------------|
<S> | <C> <C> | <C>
1. Balance originally reported in the December 31, 1995, Reports of Condition and Income.. | 3124 16,816 | 1.
2. Recoveries (must equal part I, item 9, column B above)................................. | 4605 4,525 | 2.
3. LESS: Charge-offs (must equal part I, item 9, column A above).......................... | 4635 10,729 | 3.
4. Provision for loan and lease losses (must equal Schedule RI, item 4.a.)................ | 4230 3,383 | 4.
5. Adjustments* (see instructions for this schedule)...................................... | 4815 0 | 5.
6. Balance end of current period (sum of items 1 through 5) (must equal Schedule RC, | /////////////////// |
item 4.b).............................................................................. | 3123 13,995 | 6.
--------------------
</TABLE>
- ------------
*Describe on Schedule RI-E--Explanations.
Schedule RI-C--Applicable Income Taxes by Taxing Authority
Schedule RI-C is to be reported with the December Report of Income.
<TABLE>
<CAPTION>
--------
| I389 | (-
---------------------- |
Dollar Amounts in Thousands | RIAD Bil Mil Thou |
- ----------------------------------------------------------------------------------------------------------------- |
<S> | <C> <C> | <C>
1. Federal................................................................................ | 4780 N/A | 1.
2. State and local........................................................................ | 4790 N/A | 2.
3. Foreign................................................................................ | 4795 N/A | 3.
4. Total (sum of items 1 through 3) (must equal sum of Schedule RI, items 9 and 11.b)..... | 4770 N/A | 4.
-------------------| |
5. Deferred portion of item 4...........................................| RIAD 4772 N/A | //////////////////// | 5.
----------------------------------------
</TABLE>
Schedule RI-E--Explanations
Schedule RI-E is to be completed each quarter on a calendar year-to-date basis.
Detail all adjustments in Schedule RI-A and RI-B, all extraordinary items and
other adjustments in Schedule RI, and all significant items of other noninterest
income and other noninterest expense in Schedule RI. (See instructions for
details.)
<TABLE>
<CAPTION>
----------
| X395 | (-
----------------
| Year-to-date |
----------------------
Dollar Amounts in Thousands | RIAD Bil Mil Thou |
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> | <C> |
1. All other noninterest income (from Schedule RI, item 5.f. (2)) | ////////////////// |
Report amounts that exceed 10% of Schedule RI, item 5.f. (2): | ////////////////// |
a. Net gains on other real estate owned......................................................... | 5415 0 | 1.a.
b. Net gains on sales of loans.................................................................. | 5416 0 | 1.b.
c. Net gains on sales of premises and fixed assets.............................................. | 5417 0 | 1.c.
Itemize and describe the three largest other amounts that exceed 10% of Schedule RI, | ////////////////// |
item 5.f. (2): | ////////////////// |
------------- | |
d. | TEXT 4461 | | 4461 | 1.d.
----------------------------------------------------------------------------------------------| |
e. | TEXT 4462 | | 4462 | 1.e.
----------------------------------------------------------------------------------------------| |
f. | TEXT 4463 | | 4463 | 1.f.
--------------------------------------------------------------------------------------------------------------------
</TABLE>
32
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Legal Title of Bank: BANC ONE WEST VIRGINIA Call Date: 9/30/96 ST-BK: 54-0620 FFIEC 032
Address: 1000 5TH AVE Page RI-6
City, State Zip: HUNTINGTON, WV 25701
FDIC Certificate No.: |0|6|7|6|8|
-----------
Schedule RI-E--Continued
----------------
| Year-to-date |
----------------------
Dollar Amounts in Thousands | RIAD Bil Mil Thou |
- ---------------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
2. Other noninterest expense (from Schedule RI, item 7.c): | ////////////////// |
a. Amortization expense of intangible assets.................................................... | 4531 1,745 | 2.a.
Report amounts that exceed 10% of Schedule RI, item 7.c: | ////////////////// |
b. Net losses on other real estate owned........................................................ | 5418 0 | 2.b.
c. Net losses on sales of loans................................................................. | 5419 0 | 2.c.
d. Net losses on sales of premises and fixed assets............................................. | 5420 0 | 2.d.
Itemize and describe the three largest other amounts that exceed 10% of Schedule RI, | ////////////////// |
item 7.c: | ////////////////// |
-------------
e. | TEXT 4464 | | 4464 | 2.e.
----------------------------------------------------------------------------------------------
f. | TEXT 4467 | | 4467 | 2.f.
----------------------------------------------------------------------------------------------
g. | TEXT 4468 | | 4468 | 2.g.
----------------------------------------------------------------------------------------------
3. Extraordinary items and other adjustments (from Schedule RI, item 11.a) and applicable | ////////////////// |
income tax effect (from Schedule RI, item 11.b) (itemize and describe all extraordinary | ////////////////// |
items and other adjustments): | ////////////////// |
-------------
a. (1) | TEXT 4469 | | 4469 | 3.a. (1)
------------------------------------------------------------------------------------------
(2) Applicable income tax effect | RIAD 4486 | | ////////////////// | 3.a. (2)
------------- ----------------------------
b. (1) | TEXT 4487 | | 4487 | 3.b. (1)
------------------------------------------------------------------------------------------
(2) Applicable income tax effect | RIAD 4488 | | ////////////////// | 3.b. (2)
------------- ----------------------------
c. (1) | TEXT 4489 | | 4489 | 3.c. (1)
------------------------------------------------------------------------------------------
(2) Applicable income tax effect | RIAD 4491 | | ////////////////// | 3.c. (2)
----------------------------
4. Equity capital adjustments from amended Reports of Income (from Schedule RI-A, item 2) | ////////////////// |
(itemize and describe all adjustments): | ////////////////// |
-------------
a. | TEXT 4492 | | 4492 | 4.a.
----------------------------------------------------------------------------------------------
b. | TEXT 4493 | | 4493 | 4.b.
----------------------------------------------------------------------------------------------
5. Cumulative effect of changes in accounting principles from prior years | ////////////////// |
(from Schedule RI-A, item 9) (itemize and describe all changes in accounting principles): | ////////////////// |
-------------
a. | TEXT 4494 | | 4494 | 5.a.
----------------------------------------------------------------------------------------------
b. | TEXT 4495 | | 4495 | 5.b.
----------------------------------------------------------------------------------------------
6. Corrections of material accounting errors from prior years (from Schedule RI-A, item 10) | ////////////////// |
(itemize and describe all corrections): | ////////////////// |
-------------
a. | TEXT 4496 | | 4496 | 6.a.
----------------------------------------------------------------------------------------------
b. | TEXT 4497 | | 4497 | 6.b.
--------------------------------------------------------------------------------------------------------------------
7. Other transactions with parent holding company (from Schedule RI-A, item 12) | ////////////////// |
(itemize and describe all such transactions): | ////////////////// |
-------------
a. | TEXT 4498 | | 4498 | 7.a.
----------------------------------------------------------------------------------------------
b. | TEXT 4499 | | 4499 | 7.b.
----------------------------------------------------------------------------------------------
8. Adjustments to allowance for loan and lease losses (from Schedule RI-B, part II, item 5) | ////////////////// |
(itemize and describe all adjustments): | ////////////////// |
-------------
a. | TEXT 4521 | | 4521 | 8.a.
----------------------------------------------------------------------------------------------
b. | TEXT 4522 | | 4522 | 8.b.
--------------------------------------------------------------------------------------------------------------------
9. Other explanations (the space below is provided for the bank to briefly describe, at its | I398 | I399 | (-
option, any other significant items affecting the Report of Income): --------------------
No comment [__] (RIAD 4769)
Other explanations (please type or print clearly):
(TEXT 4769)
</TABLE>
33
<PAGE>
EXHIBIT 6
Securities and Exchange Commission
Washington, D.C. 20549
CONSENT
- -------
The undersigned, designated to act as Trustee under the Trust Agreement for
Southpoint Structured Assets, Inc. described in the attached Statement of
Eligibility and Qualification, does hereby consent that reports of examinations
by Federal, State, Territorial, or District Authorities may be furnished by such
authorities to the Commission upon the request of the Commission.
This Consent is given pursuant to the provision of Section 321(b) of the Trust
Indenture Act of 1939, as amended.
Bank One, West Virginia, NA
Date: November 25, 1996 By: /s/ Teresa L. Davis
--------------------
Teresa L. Davis
Vice President
