Century National Bank in Zanesville, Ohio (OH)



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Century National Bank
GeneralFDIC Certificate #: 28624
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Park National Bank (#6653)
Federal Reserve ID: 195072
Date Established: January 01, 1887
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 16 (Interstate: No)
OTS Docket #: 1979
FDIC's unique #: 41458
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: April 27, 1936
Last Structure Change Effective Date: August 16, 2008
Last Structure Change Process Date: September 29, 2008
Last Data Update: September 29, 2008
Data Source Date: April 05, 2012
LocationAddress: 14 South Fifth Street, Zanesville, OH 43701
County: Muskingum
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
Core Based Statistical Area (CBSA): Zanesville, OH (#49780)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $740.1 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)195
Total assets$725,661
Cash and due from depository institutions$24,876
Interest-bearing balances$458
Securities$105,681
Federal funds sold & reverse repurchase agreements$9,637
Net loans & leases$519,693
Loan loss allowance $9,864
Trading account assets$0
Bank premises and fixed assets$9,176
Other real estate owned$979
Goodwill and other intangibles$28,662
All other assets$26,957
Life insurance assets$7,838
Total liabilities and capital$725,661
Total liabilities$663,353
Total deposits$483,259
Interest-bearing deposits$450,366
Deposits held in domestic offices$483,259
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $16,196
Trading liabilities$0
Other borrowed funds $151,477
Subordinated debt $0
All other liabilities $12,421
Total equity capital$62,308
Total bank equity capital$62,308
Perpetual preferred stock$62,308
Common stock$0
Surplus$863
Undivided profits $59,681
Memoranda
Noncurrent loans and leases $1,764
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $117,594
Income earned, not collected on loans $0
Earning assets $7,059
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,952
Average Assets, quarterly $635,469
Volatile liabilities $133,171
Insider loans $726,148
FHLB advances $730,178
Loans and leases held for sale $177,082
Unused loan commitments $7,577
Tier 1 (core) risk-based capital $150,564
Tier 2 risk-based capital $2,528
Total risk weighted assets $0
Total unused commitments $117,594
Restructured Loans and leases $0
Derivatives$7,352
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $46,734
Total interest expense $20,337
Net interest income $26,397
Provision for loan and lease losses $545
Total noninterest income $9,451
Fiduciary activities $736
Service charges on deposit accounts $3,378
Trading account gains & fees $0
Additional noninterest income $5,337
Total noninterest expense $17,263
Salaries and employee benefits $8,833
Premises and equipment expense $1,821
Additional noninterest expense $6,609
Pre-tax net operating income $18,040
Securities gains (losses) $0
Applicable income taxes $6,127
Income before extraordinary items $11,913
Extraordinary gains - net $0
Net income attributable to bank $11,913
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $1,440
Net operating income $9,500
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.33%
Cost of funding earning assets 3.19%
Net interest margin 4.14%
Noninterest income to earning assets 1.48%
Noninterest expense to earning assets 2.71%
Net operating income to assets 1.64%
Return on assets (ROA) 1.64%
Pretax return on assets 2.48%
Return on equity (ROE) 19.04%
Retained earnings to average equity (YTD only) 3.86%
Net charge-offs to loans 0.28%
Credit loss provision to net charge-offs 37.85%
Efficiency ratio12.91%
Assets per employee$46,878
Cash dividends to net income (YTD only)3.72%
Condition Ratios (%)
Loss allowance to loans 79.74%
Loss allowance to noncurrent loans 1.86%
Noncurrent assets plus other real estate owned to assets 139.74%
Noncurrent loans to loans 1.11%
Net loans and leases to deposits1.33%
Net loans and leases to core deposits 107.54%
Equity capital to assets 123.51%
Core capital (leverage) ratio 8.59%
Tier 1 risk-based capital ratio 6.14%
Total risk-based capital ratio 9.32%
Memoranda
Average assets$11
Average earning assets$726,148
Average equity $62,584
Average loans $637,197
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Total Fiduciary and Related Assets (December 31, 2007)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$84,720
Number of Accounts1
Personal trust and agency accounts$76,482
Employee benefit-defined contribution accounts$21,875
Employee benefit-defined benefit accounts$1,935
Other retirement accounts$0
Corporate trust and agency accounts$11,467
Investment management agency accounts$0
Other fiduciary accounts$41,205
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts224
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$8,238
Corporate trust and agency accounts$6
Other fiduciary accounts$6,868
Fiduciary accounts held in foreign offices$1,364
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