Century Bank in Parma, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 20, 2010

  • Century Bank in Parma, Ohio (OH)
  • Show street view No street view available for this location

Century Bank - Overview

  • General
  • 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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