Consumers National Bank in Minerva, Ohio (OH)



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Consumers National Bank
GeneralFDIC Certificate #: 19482
Status: Active
Federal Reserve ID: 477321
Bank Holding Company (Regulatory Top Holder): Consumers Bancorp, Inc. (RSSDID: 2286228, Location: Minerva, OH)
Date Established: September 01, 1965
WWW: http://www.consumersbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 12891
FDIC's unique #: 13282
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: No
Subchapter S Corporations: No
Asset Concentration Hierarchy: Commercial Lending Specialization
Date of Deposit Insurance: September 01, 1965
Last Structure Change Effective Date: March 31, 2006
Last Structure Change Process Date: November 03, 2006
Last Data Update: November 03, 2006
Data Source Date: April 05, 2012
LocationAddress: 614 East Lincoln Way, Minerva, OH 44657
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)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $311.4 mil
Equity capital: $24.7 mil
Deposits held in domestic offices: $263.3 mil
Return on assets (ROA): 0.85% ($2.6 mil)
Quarterly return on assets: 1.01% ($3.1 mil)
Return on Equity (ROE): 10.91% ($2.7 mil)
Quarterly return on equity: 13.00% ($3.3 mil)
Net income: $2.5 mil
Quarterly Net income: $0.8 mil
Pretax return on assets: 1.09% ($3,394.8 mil)
Quarterly Pretax return on assets: 1.34% ($4,173.4 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)112
Total assets$311,445
Cash and due from depository institutions$12,833
Interest-bearing balances$4,930
Securities$106,873
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$178,492
Loan loss allowance $2,126
Trading account assets$0
Bank premises and fixed assets$4,607
Other real estate owned$0
Goodwill and other intangibles$10
All other assets$8,630
Life insurance assets$311,445
Total liabilities and capital$286,706
Total liabilities$263,275
Total deposits$204,829
Interest-bearing deposits$263,275
Deposits held in domestic offices$89
% insured (estimated)12742.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$6,496
Other borrowed funds $2,000
Subordinated debt $2,193
All other liabilities $24,739
Total equity capital$24,739
Total bank equity capital$24,739
Perpetual preferred stock$0
Common stock$2,400
Surplus$2,400
Undivided profits $19,939
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $2,036
Earning assets $413
Long-term assets (5+ years) $1,022
Average Assets, year-to-date $290,295
Average Assets, quarterly $136,539
Volatile liabilities $298,744
Insider loans $313,480
FHLB advances $192,182
Loans and leases held for sale $313,235
Unused loan commitments $5,510
Tier 1 (core) risk-based capital $5,062
Tier 2 risk-based capital $23,274
Total risk weighted assets $0
Total unused commitments $448
Restructured Loans and leases $36,760
Derivatives$1,689
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $12,994
Total interest expense $1,802
Net interest income $11,192
Provision for loan and lease losses $350
Total noninterest income $2,295
Fiduciary activities $0
Service charges on deposit accounts $1,207
Trading account gains & fees $0
Additional noninterest income $1,088
Total noninterest expense $9,728
Salaries and employee benefits $5,279
Premises and equipment expense $1,024
Additional noninterest expense $3,425
Pre-tax net operating income $3,409
Securities gains (losses) -$164
Applicable income taxes $719
Income before extraordinary items $2,526
Extraordinary gains - net $0
Net income attributable to bank $2,526
Net charge-offs $0
Cash dividends $2,526
Sale, conversion, retirement of capital stock, net $490
Net operating income $775
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.66%
Cost of funding earning assets 0.65%
Net interest margin 4.01%
Noninterest income to earning assets 0.82%
Noninterest expense to earning assets 3.49%
Net operating income to assets 0.89%
Return on assets (ROA) 0.85%
Pretax return on assets 1.09%
Return on equity (ROE) 10.91%
Retained earnings to average equity (YTD only) 7.56%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 71.43%
Efficiency ratio7.67%
Assets per employee$70,935
Cash dividends to net income (YTD only)2.78%
Condition Ratios (%)
Loss allowance to loans 30.68%
Loss allowance to noncurrent loans 1.18%
Noncurrent assets plus other real estate owned to assets 104.42%
Noncurrent loans to loans 0.67%
Net loans and leases to deposits1.13%
Net loans and leases to core deposits 67.80%
Equity capital to assets 72.23%
Core capital (leverage) ratio 7.94%
Tier 1 risk-based capital ratio 7.43%
Total risk-based capital ratio 12.11%
Memoranda
Average assets$14
Average earning assets$298,744
Average equity $23,155
Average loans $278,760
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11 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
013282Consumers National Bank614 East Lincoln Way, Minerva, OH 44657September 01, 1965Full Service Brick and Mortar
1248477Salem Branch141 South Ellsworth, Salem, OH 44460July 14, 1975Full Service Brick and Mortar
2248478Waynesburg Branch8607 Waynesburg Drive, Southeast, Waynesburg, OH 44688December 15, 1986Full Service Brick and Mortar
3211884Hanoverton Branch30034 Canal Street, Hanoverton, OH 44423July 17, 1954Full Service Brick and Mortar
4248479Carrollton Branch1017 Canton Road, Northwest, Carrollton, OH 44615October 17, 1994Full Service Brick and Mortar
6248481Alliance Branch610 West State St, Alliance, OH 44601March 08, 1999Full Service Brick and Mortar
7248482Louisville Office Branch1111 North Chapel Street, Louisville, OH 44641Febuary 07, 2000Full Service Brick and Mortar
8340669East Canton Branch440 West Noble Street, East Canton, OH 44730May 04, 2000Full Service Brick and Mortar
10211885Lisbon Branch7895 Dickey Drive, Lisbon, OH 44432April 10, 1950Full Service Brick and Mortar
12447847Malvern BranchRoutes 183 And 43, Malvern, OH 44644January 09, 2006Full Service Brick and Mortar
13521875Hartville Office Branch1215 W Maple Street, Hartville, OH 44632May 23, 2011Full Service Brick and Mortar
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