FDIC Certificate #: 33375 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Second National Bank of Warren (#6723) Federal Reserve ID: 1851030 Date Established: April 22, 1991 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 14136 FDIC's unique #: 47013 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: April 22, 1991 Last Structure Change Effective Date: August 20, 1998 Last Structure Change Process Date: September 10, 1998 Last Data Update: September 10, 1998 Data Source Date: April 05, 2012
Location
Address: 6150 Enterprise Parkway, Solon, OH 44139 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: $45.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
15Total employees (full-time equivalent)
$42,234Total assets
$1,405Cash and due from depository institutions
$2Interest-bearing balances
$2,683Securities
$1,444Federal funds sold & reverse repurchase agreements
$35,954Net loans & leases
$512Loan loss allowance
$0Trading account assets
$134Bank premises and fixed assets
$0Other real estate owned
$8Goodwill and other intangibles
$0Life insurance assets
$606All other assets
$42,234Total liabilities and capital
$38,128Total liabilities
$37,750Total deposits
$29,056Interest-bearing deposits
$37,750Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$165Other borrowed funds
$0Subordinated debt
$213All other liabilities
$4,106Total equity capital
$4,106Total bank equity capital
$4,106Perpetual preferred stock
$0Common stock
$1,600Surplus
$2,510Undivided profits
Memoranda
$-4Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$275Earning assets
$59Long-term assets (5+ years)
$150Average Assets, year-to-date
$40,083Average Assets, quarterly
$5,659Volatile liabilities
$40,417Insider loans
$42,857FHLB advances
$6,102Loans and leases held for sale
$902Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$8,927Total unused commitments
$0Restructured Loans and leases
$37,201Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$3,557Total interest income
$1,606Total interest expense
$1,951Net interest income
$125Provision for loan and lease losses
$238Total noninterest income
$0Fiduciary activities
$91Service charges on deposit accounts
$0Trading account gains & fees
$147Additional noninterest income
$1,588Total noninterest expense
$814Salaries and employee benefits
$293Premises and equipment expense
$481Additional noninterest expense
$476Pre-tax net operating income
$0Securities gains (losses)
-$383Applicable income taxes
$859Income before extraordinary items
$0Extraordinary gains - net
$859Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$42Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.37%Yield on earning assets
4.23%Cost of funding earning assets
5.14%Net interest margin
0.63%Noninterest income to earning assets
4.18%Noninterest expense to earning assets
2.13%Net operating income to assets
2.13%Return on assets (ROA)
1.18%Pretax return on assets
24.50%Return on equity (ROE)
24.50%Retained earnings to average equity (YTD only)
0.12%Net charge-offs to loans
297.62%Credit loss provision to net charge-offs
14.31%Efficiency ratio
72,499Assets per employee
2.82%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.40%Loss allowance to noncurrent loans
186.18%Noncurrent assets plus other real estate owned to assets
0.65%Noncurrent loans to loans
0.75%Net loans and leases to deposits
95.24%Net loans and leases to core deposits
113.02%Equity capital to assets
9.72%Core capital (leverage) ratio
8.92%Tier 1 risk-based capital ratio
10.40%Total risk-based capital ratio
Memoranda
$12Average assets
$40,417Average earning assets
$3,506Average equity
$37,980Average loans
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