Citizens National Bank in Canton, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 23, 1998

  • Citizens National Bank in Canton, Ohio (OH)
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Citizens National Bank - Overview

  • General
  • FDIC Certificate #: 6635
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 341721
    Date Established: May 18, 1933
    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 #: 12912
    FDIC's unique #: 4445
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 23, 1998
    Last Structure Change Process Date: April 06, 1998
    Last Data Update: April 06, 1998
    Data Source Date: April 05, 2012
  • Location
  • Address: 100 Central Plaza South, Canton, OH 44702
    County: Stark
    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): Canton-Massillon, OH (#1320)
    Core Based Statistical Area (CBSA): Canton-Massillon, OH (#15940)
    CBSA Metro Statistical Area: Canton-Massillon, OH (#15940)
  • Financial Summary
  • Total assets: $1,000.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

  • Dollar figures in thousands
  • 226Total employees (full-time equivalent)
  • $1,000,850Total assets
  • $23,467Cash and due from depository institutions
  • $52Interest-bearing balances
  • $227,404Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $720,500Net loans & leases
  • $9,767Loan loss allowance
  • $0Trading account assets
  • $10,053Bank premises and fixed assets
  • $0Other real estate owned
  • $129Goodwill and other intangibles
  • $0Life insurance assets
  • $19,297All other assets
  • $1,000,850Total liabilities and capital
  • $931,180Total liabilities
  • $832,714Total deposits
  • $772,761Interest-bearing deposits
  • $832,714Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $86,275Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $224Other borrowed funds
  • $0Subordinated debt
  • $11,967All other liabilities
  • $69,670Total equity capital
  • $69,670Total bank equity capital
  • $69,670Perpetual preferred stock
  • $0Common stock
  • $9,396Surplus
  • $9,973Undivided profits
  • Memoranda
  • $50,301Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $3,980Earning assets
  • $0Long-term assets (5+ years)
  • $5,064Average Assets, year-to-date
  • $947,956Average Assets, quarterly
  • $451,117Volatile liabilities
  • $997,230Insider loans
  • $1,009,656FHLB advances
  • $134,116Loans and leases held for sale
  • $1,010Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $153,145Total unused commitments
  • $0Restructured Loans and leases
  • $691,149Derivatives

Income and Expense (December 31, 1997)

  • Dollar figures in thousands
  • $76,659Total interest income
  • $31,585Total interest expense
  • $45,074Net interest income
  • $2,241Provision for loan and lease losses
  • $6,273Total noninterest income
  • $1,138Fiduciary activities
  • $2,710Service charges on deposit accounts
  • $0Trading account gains & fees
  • $2,425Additional noninterest income
  • $25,052Total noninterest expense
  • $7,350Salaries and employee benefits
  • $2,634Premises and equipment expense
  • $15,068Additional noninterest expense
  • $24,054Pre-tax net operating income
  • $479Securities gains (losses)
  • $8,441Applicable income taxes
  • $16,092Income before extraordinary items
  • $0Extraordinary gains - net
  • $16,092Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $1,798Sale, conversion, retirement of capital stock, net
  • $20,000Net operating income

Performance and Condition Ratios (December 31, 1997)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.14%Yield on earning assets
  • 3.36%Cost of funding earning assets
  • 4.79%Net interest margin
  • 0.67%Noninterest income to earning assets
  • 2.66%Noninterest expense to earning assets
  • 1.58%Net operating income to assets
  • 1.61%Return on assets (ROA)
  • 2.46%Pretax return on assets
  • 21.11%Return on equity (ROE)
  • -5.13%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 124.64%Credit loss provision to net charge-offs
  • 14.62%Efficiency ratio
  • 48,790Assets per employee
  • 4.43%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 124.29%Loss allowance to loans
  • 1.34%Loss allowance to noncurrent loans
  • 245.40%Noncurrent assets plus other real estate owned to assets
  • 0.40%Noncurrent loans to loans
  • 0.55%Net loans and leases to deposits
  • 86.52%Net loans and leases to core deposits
  • 91.77%Equity capital to assets
  • 6.96%Core capital (leverage) ratio
  • 6.68%Tier 1 risk-based capital ratio
  • 9.91%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $997,230Average earning assets
  • $76,227Average equity
  • $941,209Average loans

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