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

This bank is inactive as of September 01, 2007

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

  • General
  • FDIC Certificate #: 28932
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: RBS Citizens, National Association (#57957)
    Federal Reserve ID: 897273
    Date Established: May 01, 1934
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 495 (Interstate: No)
    OTS Docket #: 2641
    FDIC's unique #: 41766
    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: October 30, 1934
    Last Structure Change Effective Date: September 01, 2007
    Last Structure Change Process Date: September 19, 2007
    Last Data Update: September 19, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 1215 Superior Avenue, Cleveland, OH 44114
    County: Cuyahoga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: New York
    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: $46,376.3 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, 2006)

  • Dollar figures in thousands
  • 5,380Total employees (full-time equivalent)
  • $45,991,789Total assets
  • $886,259Cash and due from depository institutions
  • $27,305Interest-bearing balances
  • $4,319,787Securities
  • $1,500,000Federal funds sold & reverse repurchase agreements
  • $31,257,482Net loans & leases
  • $213,839Loan loss allowance
  • $23,182Trading account assets
  • $245,254Bank premises and fixed assets
  • $89,575Other real estate owned
  • $5,589,952Goodwill and other intangibles
  • $100,077Life insurance assets
  • $2,080,298All other assets
  • $45,991,789Total liabilities and capital
  • $37,966,577Total liabilities
  • $21,276,266Total deposits
  • $20,020,882Interest-bearing deposits
  • $20,372,137Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $530,289Federal funds purchased & repurchase agreements
  • $10,133Trading liabilities
  • $14,201,273Other borrowed funds
  • $625,244Subordinated debt
  • $1,323,372All other liabilities
  • $8,025,212Total equity capital
  • $8,025,212Total bank equity capital
  • $8,025,212Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $7,254,176Undivided profits
  • Memoranda
  • $771,036Noncurrent loans and leases
  • $8,549,235Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $135,119Earning assets
  • $13,724Long-term assets (5+ years)
  • $184,703Average Assets, year-to-date
  • $37,104,574Average Assets, quarterly
  • $18,062,195Volatile liabilities
  • $44,731,942Insider loans
  • $46,180,481FHLB advances
  • $8,404,421Loans and leases held for sale
  • $1,019Unused loan commitments
  • $12,676,964Tier 1 (core) risk-based capital
  • $17,073,032Tier 2 risk-based capital
  • $620,914Total risk weighted assets
  • $8,549,235Total unused commitments
  • $0Restructured Loans and leases
  • $789,934Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $2,203,966Total interest income
  • $1,266,616Total interest expense
  • $937,350Net interest income
  • $48,301Provision for loan and lease losses
  • $579,231Total noninterest income
  • $28Fiduciary activities
  • $196,040Service charges on deposit accounts
  • $9,678Trading account gains & fees
  • $373,485Additional noninterest income
  • $872,653Total noninterest expense
  • $391,723Salaries and employee benefits
  • $145,701Premises and equipment expense
  • $335,229Additional noninterest expense
  • $595,627Pre-tax net operating income
  • -$7,494Securities gains (losses)
  • $191,653Applicable income taxes
  • $396,480Income before extraordinary items
  • $0Extraordinary gains - net
  • $396,480Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $71,517Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 6.12%Yield on earning assets
  • 3.52%Cost of funding earning assets
  • 2.60%Net interest margin
  • 1.61%Noninterest income to earning assets
  • 2.43%Noninterest expense to earning assets
  • 0.90%Net operating income to assets
  • 0.89%Return on assets (ROA)
  • 1.31%Pretax return on assets
  • 5.06%Return on equity (ROE)
  • 5.06%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 67.54%Credit loss provision to net charge-offs
  • 9.00%Efficiency ratio
  • 53,720Assets per employee
  • 8.55%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.68%Loss allowance to noncurrent loans
  • 158.26%Noncurrent assets plus other real estate owned to assets
  • 0.32%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 146.91%Net loans and leases to core deposits
  • 197.14%Equity capital to assets
  • 17.45%Core capital (leverage) ratio
  • 6.51%Tier 1 risk-based capital ratio
  • 9.00%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $44,731,942Average earning assets
  • $7,841,389Average equity
  • $35,985,214Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $383Managed Assets
  • 1Number of Accounts
  • $383Personal trust and agency accounts
  • $383Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 6Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices

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