FDIC Certificate #: 18806 Status: Inactive Closing history: Corrections Acquiring institution:The National Bank and Trust Company (#6731) Federal Reserve ID: 449926 Date Established: June 25, 1963 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 12667 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: June 25, 1963 Last Structure Change Effective Date: March 19, 2010 Last Structure Change Process Date: March 22, 2010 Last Data Update: March 22, 2010 Data Source Date: April 05, 2012
Location
Address: 5603 Ridge Road, Parma, OH 44129 County: Cuyahoga Quarterly Banking Profile Region: Chicago FDIC Geographic Region: Chicago FDIC Supervisory Region: Chicago FDIC Field Office: Columbus Office of the Comptroller the Currency (OCC) District: Central Office of Thrift Supervision Region: Central Metropolitan Statistical Area (MSA): Cleveland-Lorain-Elyria, OH (#1680) Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28) Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184) Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460) CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $70.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2009)
Dollar figures in thousands
22Total employees (full-time equivalent)
$70,318Total assets
$13,325Cash and due from depository institutions
$13,001Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$46,419Net loans & leases
$1,657Loan loss allowance
$0Trading account assets
$449Bank premises and fixed assets
$479Other real estate owned
$405Goodwill and other intangibles
$0Life insurance assets
$9,241All other assets
$70,318Total liabilities and capital
$69,758Total liabilities
$66,752Total deposits
$54,797Interest-bearing deposits
$66,752Deposits held in domestic offices
91.87%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$30Subordinated debt
$2,976All other liabilities
$560Total equity capital
$560Total bank equity capital
$560Perpetual preferred stock
$0Common stock
$3,250Surplus
$6,849Undivided profits
Memoranda
$-9,539Noncurrent loans and leases
$1,825Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$3,199Earning assets
$0Long-term assets (5+ years)
$161Average Assets, year-to-date
$59,420Average Assets, quarterly
$15,690Volatile liabilities
$77,748Insider loans
$73,843FHLB advances
$6,679Loans and leases held for sale
$2,131Unused loan commitments
$0Tier 1 (core) risk-based capital
$4,300Tier 2 risk-based capital
$0Total risk weighted assets
$1,825Total unused commitments
$884Restructured Loans and leases
$520Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$3,622Total interest income
$1,641Total interest expense
$1,981Net interest income
$3,851Provision for loan and lease losses
-$5,700Total noninterest income
$0Fiduciary activities
$113Service charges on deposit accounts
$0Trading account gains & fees
-$5,813Additional noninterest income
$3,079Total noninterest expense
$1,441Salaries and employee benefits
$268Premises and equipment expense
$1,370Additional noninterest expense
-$10,649Pre-tax net operating income
$39Securities gains (losses)
$0Applicable income taxes
-$10,610Income before extraordinary items
$0Extraordinary gains - net
-$10,610Net income attributable to bank
$0Net charge-offs
-$10,610Cash dividends
$2,879Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.65%Yield on earning assets
2.56%Cost of funding earning assets
3.09%Net interest margin
-8.88%Noninterest income to earning assets
4.80%Noninterest expense to earning assets
-13.70%Net operating income to assets
-13.65%Return on assets (ROA)
-13.65%Pretax return on assets
-220.06%Return on equity (ROE)
-220.06%Retained earnings to average equity (YTD only)
5.08%Net charge-offs to loans
133.76%Credit loss provision to net charge-offs
-2.36%Efficiency ratio
-82,791Assets per employee
3.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.45%Loss allowance to noncurrent loans
51.80%Noncurrent assets plus other real estate owned to assets
5.23%Noncurrent loans to loans
6.65%Net loans and leases to deposits
69.54%Net loans and leases to core deposits
77.27%Equity capital to assets
0.80%Core capital (leverage) ratio
0.63%Tier 1 risk-based capital ratio
0.92%Total risk-based capital ratio
Memoranda
$2Average assets
$77,748Average earning assets
$4,821Average equity
$64,161Average loans
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