Bank One, Akron, National Association in Akron, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 17, 1997

  • Bank One, Akron, National Association in Akron, Ohio (OH)
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Bank One, Akron, National Association - Overview

  • General
  • FDIC Certificate #: 2293
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank One, National Association (#6559)
    Federal Reserve ID: 251325
    Date Established: September 28, 1916
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 58 (Interstate: No)
    FDIC's unique #: 1516
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: May 17, 1997
    Last Structure Change Process Date: June 02, 1997
    Last Data Update: June 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 50 South Main Street, Akron, OH 44308
    County: Summit
    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): Akron, OH (#80)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Akron, OH (#10420)
    CBSA Metro Statistical Area: Akron, OH (#10420)
  • Financial Summary
  • Total assets: $2,637.1 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,232Total assets
  • $2,694,556Cash and due from depository institutions
  • $125,390Interest-bearing balances
  • $0Securities
  • $397,757Federal funds sold & reverse repurchase agreements
  • $94,896Net loans & leases
  • $1,945,740Loan loss allowance
  • $22,272Trading account assets
  • $0Bank premises and fixed assets
  • $24,532Other real estate owned
  • $1,054Goodwill and other intangibles
  • $90,048Life insurance assets
  • $15,139All other assets
  • $0Total liabilities and capital
  • $2,694,556Total liabilities
  • $2,486,814Total deposits
  • $1,877,905Interest-bearing deposits
  • $1,512,476Deposits held in domestic offices
  • 1877905.00%% insured (estimated)
  • $83Federal funds purchased & repurchase agreements
  • $510,513Trading liabilities
  • $0Other borrowed funds
  • $19,743Subordinated debt
  • $59,000All other liabilities
  • $19,653Total equity capital
  • $19,653Total bank equity capital
  • $207,742Perpetual preferred stock
  • $0Common stock
  • $12,777Surplus
  • $62,373Undivided profits
  • Memoranda
  • $132,592Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,845Income earned, not collected on loans
  • $15,166Earning assets
  • $2,438,393Long-term assets (5+ years)
  • $495,318Average Assets, year-to-date
  • $2,732,328Average Assets, quarterly
  • $2,710,280Volatile liabilities
  • $593,471Insider loans
  • $23,522FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $1,050,734Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $194,506Total risk weighted assets
  • $2,437,044Total unused commitments
  • $0Restructured Loans and leases
  • $702,856Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $216,137Total interest expense
  • $92,531Net interest income
  • $123,606Provision for loan and lease losses
  • $25,631Total noninterest income
  • $41,814Fiduciary activities
  • $0Service charges on deposit accounts
  • $15,625Trading account gains & fees
  • $0Additional noninterest income
  • $26,189Total noninterest expense
  • $92,979Salaries and employee benefits
  • $34,871Premises and equipment expense
  • $12,054Additional noninterest expense
  • $46,054Pre-tax net operating income
  • $46,810Securities gains (losses)
  • -$24Applicable income taxes
  • $13,417Income before extraordinary items
  • $33,369Extraordinary gains - net
  • $0Net income attributable to bank
  • $33,369Net charge-offs
  • $25,980Cash dividends
  • $21,360Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.72%Cost of funding earning assets
  • 3.74%Net interest margin
  • 4.99%Noninterest income to earning assets
  • 1.69%Noninterest expense to earning assets
  • 3.75%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.22%Pretax return on assets
  • 1.71%Return on equity (ROE)
  • 16.39%Retained earnings to average equity (YTD only)
  • 5.90%Net charge-offs to loans
  • 1.28%Credit loss provision to net charge-offs
  • 98.66%Efficiency ratio
  • 54,210Assets per employee
  • 2.19%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 64.01%Loss allowance to loans
  • 1.13%Loss allowance to noncurrent loans
  • 101.95%Noncurrent assets plus other real estate owned to assets
  • 0.85%Noncurrent loans to loans
  • 1.11%Net loans and leases to deposits
  • 103.61%Net loans and leases to core deposits
  • 107.33%Equity capital to assets
  • 7.71%Core capital (leverage) ratio
  • 7.28%Tier 1 risk-based capital ratio
  • 7.98%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $2,732,328Average earning assets
  • $203,556Average equity
  • $2,477,261Average loans

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