First Citizens Bank in New Washington, Ohio (OH)



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First Citizens Bank
GeneralFDIC Certificate #: 2072
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Citizens Banking Company (#12982)
Federal Reserve ID: 555724
Date Established: January 01, 1917
WWW: http://www.firstcitzbank.com
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 13 (Interstate: No)
OTS Docket #: 13699
FDIC's unique #: 1371
Numeric code: 21
Regulator: FDIC
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: January 01, 1934
Last Structure Change Effective Date: October 15, 2005
Last Structure Change Process Date: October 24, 2005
Last Data Update: October 24, 2005
Data Source Date: April 05, 2012
LocationAddress: 102 South Kibler Street, New Washington, OH 44854
County: Crawford
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): Mansfield, OH (#4800)
Combined Statistical Area (CSA): Mansfield-Bucyrus, OH (#360)
Core Based Statistical Area (CBSA): Bucyrus, OH (#15340)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $284.5 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, 2004)
(Dollar figures in thousands)
Total employees (full-time equivalent)105
Total assets$317,135
Cash and due from depository institutions$8,408
Interest-bearing balances$126
Securities$81,093
Federal funds sold & reverse repurchase agreements$247
Net loans & leases$203,856
Loan loss allowance $6,853
Trading account assets$0
Bank premises and fixed assets$3,195
Other real estate owned$375
Goodwill and other intangibles$13,718
All other assets$6,243
Life insurance assets$0
Total liabilities and capital$317,135
Total liabilities$270,560
Total deposits$261,924
Interest-bearing deposits$223,893
Deposits held in domestic offices$261,924
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $6,764
Trading liabilities$0
Other borrowed funds $855
Subordinated debt $0
All other liabilities $1,017
Total equity capital$46,575
Total bank equity capital$46,575
Perpetual preferred stock$46,575
Common stock$0
Surplus$4,000
Undivided profits $36,428
Memoranda
Noncurrent loans and leases $6,147
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $18,353
Income earned, not collected on loans $0
Earning assets $5,448
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,075
Average Assets, quarterly $285,322
Volatile liabilities $33,817
Insider loans $177,080
FHLB advances $228,658
Loans and leases held for sale $42,352
Unused loan commitments $3,868
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $6,046
Total unused commitments $18,353
Restructured Loans and leases $0
Derivatives$2,545
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Income and Expense (December 31, 2004)
(Dollar figures in thousands)
Total interest income $9,987
Total interest expense $2,665
Net interest income $7,322
Provision for loan and lease losses $375
Total noninterest income $861
Fiduciary activities $0
Service charges on deposit accounts $613
Trading account gains & fees $0
Additional noninterest income $248
Total noninterest expense $4,765
Salaries and employee benefits $2,436
Premises and equipment expense $490
Additional noninterest expense $1,839
Pre-tax net operating income $3,043
Securities gains (losses) $3
Applicable income taxes $910
Income before extraordinary items $2,136
Extraordinary gains - net $0
Net income attributable to bank $2,136
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $779
Net operating income $2,378
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Performance and Condition Ratios (December 31, 2004)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.04%
Cost of funding earning assets 1.61%
Net interest margin 4.43%
Noninterest income to earning assets 0.52%
Noninterest expense to earning assets 2.88%
Net operating income to assets 1.21%
Return on assets (ROA) 1.21%
Pretax return on assets 1.72%
Return on equity (ROE) 10.38%
Retained earnings to average equity (YTD only) -1.18%
Net charge-offs to loans 0.55%
Credit loss provision to net charge-offs 48.14%
Efficiency ratio4.39%
Assets per employee$58,084
Cash dividends to net income (YTD only)3.02%
Condition Ratios (%)
Loss allowance to loans 111.33%
Loss allowance to noncurrent loans 3.25%
Noncurrent assets plus other real estate owned to assets 125.79%
Noncurrent loans to loans 1.84%
Net loans and leases to deposits2.59%
Net loans and leases to core deposits 77.83%
Equity capital to assets 90.00%
Core capital (leverage) ratio 14.69%
Tier 1 risk-based capital ratio 10.15%
Total risk-based capital ratio 15.73%
Memoranda
Average assets$17
Average earning assets$177,080
Average equity $20,588
Average loans $165,300
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