Attached files
| file | filename |
|---|---|
| 10-K - FORM 10-K - FIRST WEST VIRGINIA BANCORP INC | d836485d10k.htm |
| EX-23 - EX-23 - FIRST WEST VIRGINIA BANCORP INC | d836485dex23.htm |
| EX-13.1 - EX-13.1 - FIRST WEST VIRGINIA BANCORP INC | d836485dex131.htm |
| EX-21.1 - EX-21.1 - FIRST WEST VIRGINIA BANCORP INC | d836485dex211.htm |
| EX-11.1 - EX-11.1 - FIRST WEST VIRGINIA BANCORP INC | d836485dex111.htm |
| EX-31.1 - EX-31.1 - FIRST WEST VIRGINIA BANCORP INC | d836485dex311.htm |
| EXCEL - IDEA: XBRL DOCUMENT - FIRST WEST VIRGINIA BANCORP INC | Financial_Report.xls |
| EX-31.2 - EX-31.2 - FIRST WEST VIRGINIA BANCORP INC | d836485dex312.htm |
| EX-32 - EX-32 - FIRST WEST VIRGINIA BANCORP INC | d836485dex32.htm |
| EX-14.1 - EX-14.1 - FIRST WEST VIRGINIA BANCORP INC | d836485dex141.htm |
Exhibit 12.1
Statement Regarding Computation of Ratios
Computation of Ratios
The following formulas were used to calculate the ratios in Financial Information and Supplementary Data, page 34, Selected Financial Data for the years ended December 31, 2014, 2013, 2012, 2011, and 2010, included in this report as Exhibit 13.1.
(Calculation)
Net income/Weighted average shares of common stock outstanding for the period
= Earnings per share
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Net Income |
$ | 1,903,905 | $ | 2,241,048 | $ | 2,537,760 | $ | 2,454,145 | $ | 2,339,281 | ||||||||||
| Weighted Average Shares Outstanding |
1,718,730 | 1,718,730 | 1,718,730 | 1,718,730 | 1,718,730 | |||||||||||||||
| Per Share Amount |
$ | 1.11 | $ | 1.30 | $ | 1.48 | $ | 1.43 | $ | 1.36 | ||||||||||
(Calculation)
Cash dividends/Shares issued
= Cash dividends declared per share
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Cash Dividends |
$ | 1,374,984 | $ | 1,306,234 | $ | 1,259,142 | $ | 1,256,139 | $ | 1,210,677 | ||||||||||
| Shares Issued |
1,718,730 | 1,718,730 | 1,718,730 | 1,718,730 | 1,718,730 | |||||||||||||||
| Per Share Amount |
$ | 0.80 | $ | 0.76 | $ | 0.73 | $ | 0.73 | $ | 0.70 | ||||||||||
(Calculation)
Stockholders’ equity/Shares issued
= Book value per share
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Stockholders’ Equity |
$ | 34,871,592 | $ | 30,790,036 | $ | 35,702,773 | $ | 34,526,510 | $ | 31,101,186 | ||||||||||
| Shares Issued |
1,718,730 | 1,718,730 | 1,718,730 | 1,718,730 | 1,718,730 | |||||||||||||||
| Per Share Amount |
$ | 20.29 | $ | 17.91 | $ | 20.77 | $ | 20.09 | $ | 18.10 | ||||||||||
(Calculation)
Net income/Total average assets
= Return on average assets
| (In thousands) | ||||||||||||||||||||
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Net Income |
$ | 1,904 | $ | 2,241 | $ | 2,538 | $ | 2,454 | $ | 2,339 | ||||||||||
| Total Average Assets |
$ | 335,515 | $ | 316,172 | $ | 293,601 | $ | 283,734 | $ | 273,778 | ||||||||||
| Return on Average Assets |
0.57 | % | 0.71 | % | 0.86 | % | 0.86 | % | 0.85 | % | ||||||||||
(Calculation)
Net income/Average stockholders’ equity
= Return on average equity
| (In thousands) | ||||||||||||||||||||
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Net Income |
$ | 1,904 | $ | 2,241 | $ | 2,538 | $ | 2,454 | $ | 2,339 | ||||||||||
| Total Average Stockholders’ Equity |
$ | 33,767 | $ | 32,597 | $ | 31,608 | $ | 30,498 | $ | 29,415 | ||||||||||
| Return on Average Equity |
5.64 | % | 6.87 | % | 8.03 | % | 8.05 | % | 7.95 | % | ||||||||||
(Calculation)
Average stockholders’ equity/Average assets
= Average equity to average assets
| (In thousands) | ||||||||||||||||||||
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Total Average Stockholders’ Equity |
$ | 33,767 | $ | 32,597 | $ | 31,608 | $ | 30,498 | $ | 29,415 | ||||||||||
| Total Average Assets |
$ | 335,515 | $ | 316,172 | $ | 293,601 | $ | 283,734 | $ | 273,778 | ||||||||||
| Average Equity to Average Assets |
10.06 | % | 10.31 | % | 10.77 | % | 10.75 | % | 10.74 | % | ||||||||||
(Calculation)
Cash dividends per share/Net income per share
= Dividend payout ratio
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Cash Dividends Per Share |
$ | 0.80 | $ | 0.76 | $ | 0.73 | $ | 0.73 | $ | 0.70 | ||||||||||
| Net Income Per Share |
$ | 1.11 | $ | 1.30 | $ | 1.48 | $ | 1.43 | $ | 1.36 | ||||||||||
| Dividend Payout Ratio |
72.07 | % | 58.46 | % | 49.32 | % | 51.05 | % | 51.47 | % | ||||||||||
(Calculation)
Loans/Total deposits
= Loan to deposit ratio
| December 31, | ||||||||||||||||||||
| 2014 | 2013 | 2012 | 2011 | 2010 | ||||||||||||||||
| Loans |
$ | 99,216,428 | $ | 93,401,845 | $ | 99,387,344 | $ | 109,428,476 | $ | 121,367,066 | ||||||||||
| Total Deposits |
$ | 272,142,620 | $ | 285,876,758 | $ | 246,461,963 | $ | 239,177,006 | $ | 228,474,738 | ||||||||||
| Loan to Deposit Ratio |
36.46 | % | 32.67 | % | 40.33 | % | 45.75 | % | 53.12 | % | ||||||||||