Falls Bank in Stow, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 03, 2005

  • Falls Bank in Stow, Ohio (OH)
  • Show street view No street view available for this location

Falls Bank - Overview

  • General
  • FDIC Certificate #: 34920
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sky Bank (#5982)
    Federal Reserve ID: 2819103
    Date Established: June 14, 1999
    WWW: http://www.fallsbank.com
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 2 (Interstate: No)
    FDIC's unique #: 62037
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: June 14, 1999
    Last Structure Change Effective Date: December 03, 2005
    Last Structure Change Process Date: Febuary 06, 2006
    Last Data Update: Febuary 06, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3087 Graham Road, Stow, OH 44224
    County: Summit
    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): Akron, OH (#80)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Akron, OH (#10420)
    CBSA Metro Statistical Area: Akron, OH (#10420)
  • Financial Summary
  • Total assets: $80.3 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, 2004)

  • Dollar figures in thousands
  • 20Total employees (full-time equivalent)
  • $83,629Total assets
  • $5,050Cash and due from depository institutions
  • $4,007Interest-bearing balances
  • $3,399Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $70,165Net loans & leases
  • $581Loan loss allowance
  • $0Trading account assets
  • $3,196Bank premises and fixed assets
  • $57Other real estate owned
  • $214Goodwill and other intangibles
  • $0Life insurance assets
  • $1,548All other assets
  • $83,629Total liabilities and capital
  • $75,994Total liabilities
  • $51,806Total deposits
  • $49,493Interest-bearing deposits
  • $51,806Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $23,710Other borrowed funds
  • $0Subordinated debt
  • $478All other liabilities
  • $7,635Total equity capital
  • $7,635Total bank equity capital
  • $7,635Perpetual preferred stock
  • $0Common stock
  • $353Surplus
  • $6,666Undivided profits
  • Memoranda
  • $616Noncurrent loans and leases
  • $3,981Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $45Earning assets
  • $0Long-term assets (5+ years)
  • $311Average Assets, year-to-date
  • $77,571Average Assets, quarterly
  • $37,470Volatile liabilities
  • $79,092Insider loans
  • $82,211FHLB advances
  • $13,459Loans and leases held for sale
  • $78Unused loan commitments
  • $23,710Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,981Total unused commitments
  • $0Restructured Loans and leases
  • $581Derivatives

Income and Expense (December 31, 2004)

  • Dollar figures in thousands
  • $3,909Total interest income
  • $1,871Total interest expense
  • $2,038Net interest income
  • $0Provision for loan and lease losses
  • $671Total noninterest income
  • $0Fiduciary activities
  • $102Service charges on deposit accounts
  • $0Trading account gains & fees
  • $569Additional noninterest income
  • $2,203Total noninterest expense
  • $1,035Salaries and employee benefits
  • $265Premises and equipment expense
  • $903Additional noninterest expense
  • $506Pre-tax net operating income
  • $0Securities gains (losses)
  • $172Applicable income taxes
  • $334Income before extraordinary items
  • $0Extraordinary gains - net
  • $334Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $8Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2004)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.23%Yield on earning assets
  • 2.50%Cost of funding earning assets
  • 2.73%Net interest margin
  • 0.90%Noninterest income to earning assets
  • 2.95%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.42%Return on assets (ROA)
  • 0.64%Pretax return on assets
  • 4.49%Return on equity (ROE)
  • 4.49%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 63.25%Efficiency ratio
  • 81,322Assets per employee
  • 4.18%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.82%Loss allowance to noncurrent loans
  • 1291.11%Noncurrent assets plus other real estate owned to assets
  • 0.12%Noncurrent loans to loans
  • 0.06%Net loans and leases to deposits
  • 135.44%Net loans and leases to core deposits
  • 166.67%Equity capital to assets
  • 9.13%Core capital (leverage) ratio
  • 9.26%Tier 1 risk-based capital ratio
  • 14.76%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $79,092Average earning assets
  • $7,441Average equity
  • $74,714Average loans

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