FDIC Certificate #: 28353 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Federal Savings and Loan Association (#29488) Federal Reserve ID: 75277 Date Established: January 01, 1919 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1420 FDIC's unique #: 41187 Numeric code: 34 Regulator: OTS Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: No Date of Deposit Insurance: October 19, 1938 Last Structure Change Effective Date: December 20, 2010 Last Structure Change Process Date: December 22, 2010 Last Data Update: December 22, 2010 Data Source Date: April 05, 2012
Location
Address: 1640 Snow Road At Broadview, Parma, OH 44134 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)
Financial Summary
Total assets: $127.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
36Total employees (full-time equivalent)
$130,559Total assets
$16,016Cash and due from depository institutions
$14,886Interest-bearing balances
$14,355Securities
$248Federal funds sold & reverse repurchase agreements
$89,643Net loans & leases
$2,800Loan loss allowance
$0Trading account assets
$1,147Bank premises and fixed assets
$3,353Other real estate owned
$8Goodwill and other intangibles
$2,808Life insurance assets
$5,789All other assets
$130,559Total liabilities and capital
$123,425Total liabilities
$122,743Total deposits
$118,815Interest-bearing deposits
$122,743Deposits held in domestic offices
98.55%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$682All other liabilities
$7,134Total equity capital
$7,134Total bank equity capital
$7,134Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$7,134Noncurrent loans and leases
$8,375Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,531Earning assets
$0Long-term assets (5+ years)
$415Average Assets, year-to-date
$119,132Average Assets, quarterly
$0Volatile liabilities
$134,926Insider loans
$131,626FHLB advances
$20,443Loans and leases held for sale
$21Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,375Total unused commitments
$3,353Restructured Loans and leases
$1,015Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$6,083Total interest income
$2,946Total interest expense
$3,137Net interest income
$1,564Provision for loan and lease losses
$419Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$8Trading account gains & fees
$411Additional noninterest income
$4,023Total noninterest expense
$1,817Salaries and employee benefits
$716Premises and equipment expense
$1,490Additional noninterest expense
-$2,031Pre-tax net operating income
$95Securities gains (losses)
-$1,049Applicable income taxes
-$887Income before extraordinary items
$0Extraordinary gains - net
-$887Net income attributable to bank
$0Net charge-offs
-$887Cash dividends
$968Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.00%Yield on earning assets
2.42%Cost of funding earning assets
2.58%Net interest margin
0.34%Noninterest income to earning assets
3.31%Noninterest expense to earning assets
-0.70%Net operating income to assets
-0.66%Return on assets (ROA)
-1.43%Pretax return on assets
-10.58%Return on equity (ROE)
-10.58%Retained earnings to average equity (YTD only)
0.99%Net charge-offs to loans
161.57%Credit loss provision to net charge-offs
-0.48%Efficiency ratio
113,133Assets per employee
3.63%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.03%Loss allowance to noncurrent loans
110.63%Noncurrent assets plus other real estate owned to assets
4.51%Noncurrent loans to loans
2.74%Net loans and leases to deposits
73.03%Net loans and leases to core deposits
87.63%Equity capital to assets
5.46%Core capital (leverage) ratio
5.50%Tier 1 risk-based capital ratio
9.04%Total risk-based capital ratio
Memoranda
$10Average assets
$134,926Average earning assets
$8,384Average equity
$121,656Average loans
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