Buckeye Community Bank in Lorain, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


Buckeye Community Bank - Overview

  • General
  • FDIC Certificate #: 35101
    Status: Active
    Federal Reserve ID: 2836306
    Bank Holding Company (Regulatory Top Holder): Buckeye Bancshares, Inc. (RSSDID: 2836294, Location: Lorain, OH)
    Date Established: October 12, 1999
    WWW: http://www.buckeyebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 74680
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: October 12, 1999
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 105 Sheffield Center, Lorain, OH 44055
    County: Lorain
    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
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $144.3 mil
    Equity capital: $14.5 mil
    Deposits held in domestic offices: $127.0 mil
    Return on assets (ROA): 0.23% ($0.3 mil)
    Quarterly return on assets: 0.35% ($0.5 mil)
    Return on Equity (ROE): 2.32% ($0.3 mil)
    Quarterly return on equity: 3.57% ($0.5 mil)
    Net income: $0.3 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.33% ($476.0 mil)
    Quarterly Pretax return on assets: 0.52% ($750.1 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, 2011)

  • Dollar figures in thousands
  • 25Total employees (full-time equivalent)
  • $144,253Total assets
  • $7,768Cash and due from depository institutions
  • $5,438Interest-bearing balances
  • $25,690Securities
  • $29Federal funds sold & reverse repurchase agreements
  • $105,523Net loans & leases
  • $3,359Loan loss allowance
  • $0Trading account assets
  • $327Bank premises and fixed assets
  • $1,764Other real estate owned
  • $0Goodwill and other intangibles
  • $144,253Life insurance assets
  • $3,152All other assets
  • $129,737Total liabilities and capital
  • $126,961Total liabilities
  • $110,930Total deposits
  • $126,961Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 1876.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $202Trading liabilities
  • $0Other borrowed funds
  • $698Subordinated debt
  • $14,516All other liabilities
  • $14,516Total equity capital
  • $14,516Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $11,764Surplus
  • $252Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $3,735Income earned, not collected on loans
  • $0Earning assets
  • $382Long-term assets (5+ years)
  • $136,680Average Assets, year-to-date
  • $17,921Average Assets, quarterly
  • $146,242Volatile liabilities
  • $145,731Insider loans
  • $107,342FHLB advances
  • $147,450Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $13,849Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $24,056Restructured Loans and leases
  • $6,692Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,457Total interest income
  • $1,484Total interest expense
  • $4,973Net interest income
  • $1,274Provision for loan and lease losses
  • $619Total noninterest income
  • $0Fiduciary activities
  • $288Service charges on deposit accounts
  • $0Trading account gains & fees
  • $331Additional noninterest income
  • $3,967Total noninterest expense
  • $1,618Salaries and employee benefits
  • $272Premises and equipment expense
  • $2,077Additional noninterest expense
  • $351Pre-tax net operating income
  • $125Securities gains (losses)
  • $146Applicable income taxes
  • $330Income before extraordinary items
  • $0Extraordinary gains - net
  • $330Net income attributable to bank
  • $0Net charge-offs
  • $330Cash dividends
  • $655Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 1.07%Cost of funding earning assets
  • 3.59%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 2.86%Noninterest expense to earning assets
  • 0.17%Net operating income to assets
  • 0.23%Return on assets (ROA)
  • 0.33%Pretax return on assets
  • 2.32%Return on equity (ROE)
  • 2.32%Retained earnings to average equity (YTD only)
  • 0.59%Net charge-offs to loans
  • 194.50%Credit loss provision to net charge-offs
  • 2.48%Efficiency ratio
  • 70,941Assets per employee
  • 5.77%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 3.08%Loss allowance to noncurrent loans
  • 89.93%Noncurrent assets plus other real estate owned to assets
  • 3.81%Noncurrent loans to loans
  • 3.43%Net loans and leases to deposits
  • 83.11%Net loans and leases to core deposits
  • 93.56%Equity capital to assets
  • 10.06%Core capital (leverage) ratio
  • 9.39%Tier 1 risk-based capital ratio
  • 12.90%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $146,242Average earning assets
  • $14,200Average equity
  • $138,644Average loans

List of branches

  • 1 Ohio Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    074680Buckeye Community Bank105 Sheffield Center, Lorain, OH 44055October 12, 1999Full Service Brick and Mortar

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