First County Bank, National Association in Chardon, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 26, 2000

  • First County Bank, National Association in Chardon, Ohio (OH)
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First County Bank, National Association - Overview

  • General
  • FDIC Certificate #: 27230
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Metropolitan National Bank (#32298)
    Federal Reserve ID: 1189032
    Date Established: May 02, 1988
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    OTS Docket #: 13166
    FDIC's unique #: 39164
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: May 02, 1988
    Last Structure Change Effective Date: April 26, 2000
    Last Structure Change Process Date: May 23, 2000
    Last Data Update: May 23, 2000
    Data Source Date: April 05, 2012
  • Location
  • Address: 540 Water Street, Chardon, OH 44024
    County: Geauga
    Quarterly Banking Profile Region: Chicago
    FDIC Geographic Region: Chicago
    FDIC Supervisory Region: New York
    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: $63.6 mil

1992 - 1999 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, 1999)

  • Dollar figures in thousands
  • 27Total employees (full-time equivalent)
  • $62,652Total assets
  • $3,965Cash and due from depository institutions
  • $4Interest-bearing balances
  • $5,729Securities
  • $1,700Federal funds sold & reverse repurchase agreements
  • $47,360Net loans & leases
  • $741Loan loss allowance
  • $0Trading account assets
  • $1,755Bank premises and fixed assets
  • $246Other real estate owned
  • $0Goodwill and other intangibles
  • $0Life insurance assets
  • $1,897All other assets
  • $62,652Total liabilities and capital
  • $58,457Total liabilities
  • $56,954Total deposits
  • $46,297Interest-bearing deposits
  • $56,954Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $616Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $887All other liabilities
  • $4,195Total equity capital
  • $4,195Total bank equity capital
  • $4,195Perpetual preferred stock
  • $0Common stock
  • $75Surplus
  • $1,530Undivided profits
  • Memoranda
  • $2,590Noncurrent loans and leases
  • $7,684Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $966Earning assets
  • $91Long-term assets (5+ years)
  • $193Average Assets, year-to-date
  • $54,793Average Assets, quarterly
  • $13,910Volatile liabilities
  • $61,287Insider loans
  • $61,797FHLB advances
  • $9,939Loans and leases held for sale
  • $56Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $106Total risk weighted assets
  • $7,684Total unused commitments
  • $0Restructured Loans and leases
  • $578Derivatives

Income and Expense (December 31, 1999)

  • Dollar figures in thousands
  • $4,418Total interest income
  • $1,984Total interest expense
  • $2,434Net interest income
  • $108Provision for loan and lease losses
  • $713Total noninterest income
  • $0Fiduciary activities
  • $410Service charges on deposit accounts
  • $0Trading account gains & fees
  • $303Additional noninterest income
  • $2,388Total noninterest expense
  • $1,018Salaries and employee benefits
  • $280Premises and equipment expense
  • $1,090Additional noninterest expense
  • $651Pre-tax net operating income
  • $0Securities gains (losses)
  • $206Applicable income taxes
  • $445Income before extraordinary items
  • $0Extraordinary gains - net
  • $445Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $243Net operating income

Performance and Condition Ratios (December 31, 1999)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 8.16%Yield on earning assets
  • 3.66%Cost of funding earning assets
  • 4.49%Net interest margin
  • 1.32%Noninterest income to earning assets
  • 4.41%Noninterest expense to earning assets
  • 0.73%Net operating income to assets
  • 0.73%Return on assets (ROA)
  • 1.06%Pretax return on assets
  • 10.68%Return on equity (ROE)
  • 4.85%Retained earnings to average equity (YTD only)
  • 0.01%Net charge-offs to loans
  • 2160.00%Credit loss provision to net charge-offs
  • 151.80%Efficiency ratio
  • 75,882Assets per employee
  • 2.32%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 54.61%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 76.71%Noncurrent assets plus other real estate owned to assets
  • 1.93%Noncurrent loans to loans
  • 2.01%Net loans and leases to deposits
  • 83.15%Net loans and leases to core deposits
  • 99.43%Equity capital to assets
  • 6.70%Core capital (leverage) ratio
  • 6.94%Tier 1 risk-based capital ratio
  • 9.37%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $61,287Average earning assets
  • $4,166Average equity
  • $54,156Average loans

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