FDIC Certificate #: 29468 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Classic Bank (#29884) Federal Reserve ID: 377476 Date Established: June 01, 1935 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 3497 FDIC's unique #: 42302 Numeric code: 33 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: July 05, 1935 Last Structure Change Effective Date: June 20, 2003 Last Structure Change Process Date: July 24, 2003 Last Data Update: July 24, 2003 Data Source Date: April 05, 2012
Location
Address: 415 Center Street, Ironton, OH 45638 County: Lawrence 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): Huntington-Ashland, WV-KY-OH (#3400) Core Based Statistical Area (CBSA): Huntington-Ashland, WV-KY-OH (#26580) CBSA Metro Statistical Area: Huntington-Ashland, WV-KY-OH (#26580)
Financial Summary
Total assets: $71.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
24Total employees (full-time equivalent)
$75,425Total assets
$6,961Cash and due from depository institutions
$6,186Interest-bearing balances
$12,566Securities
$110Federal funds sold & reverse repurchase agreements
$52,130Net loans & leases
$367Loan loss allowance
$0Trading account assets
$2,006Bank premises and fixed assets
$237Other real estate owned
$100Goodwill and other intangibles
$0Life insurance assets
$1,315All other assets
$75,425Total liabilities and capital
$67,451Total liabilities
$57,852Total deposits
$54,874Interest-bearing deposits
$57,852Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$9,052Other borrowed funds
$0Subordinated debt
$547All other liabilities
$7,974Total equity capital
$7,974Total bank equity capital
$7,974Perpetual preferred stock
$0Common stock
$1Surplus
$3,073Undivided profits
Memoranda
$4,900Noncurrent loans and leases
$1,837Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$434Earning assets
$0Long-term assets (5+ years)
$382Average Assets, year-to-date
$70,992Average Assets, quarterly
$0Volatile liabilities
$69,822Insider loans
$71,770FHLB advances
$17,451Loans and leases held for sale
$55Unused loan commitments
$9,052Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,837Total unused commitments
$237Restructured Loans and leases
$367Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$4,473Total interest income
$2,175Total interest expense
$2,298Net interest income
$82Provision for loan and lease losses
$189Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$189Additional noninterest income
$1,514Total noninterest expense
$800Salaries and employee benefits
$235Premises and equipment expense
$479Additional noninterest expense
$891Pre-tax net operating income
$0Securities gains (losses)
$291Applicable income taxes
$600Income before extraordinary items
$0Extraordinary gains - net
$600Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$86Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.75%Yield on earning assets
3.28%Cost of funding earning assets
3.47%Net interest margin
0.29%Noninterest income to earning assets
2.28%Noninterest expense to earning assets
0.86%Net operating income to assets
0.86%Return on assets (ROA)
1.28%Pretax return on assets
7.80%Return on equity (ROE)
7.80%Retained earnings to average equity (YTD only)
0.17%Net charge-offs to loans
95.35%Credit loss provision to net charge-offs
11.31%Efficiency ratio
60,877Assets per employee
3.14%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.70%Loss allowance to noncurrent loans
84.56%Noncurrent assets plus other real estate owned to assets
0.89%Noncurrent loans to loans
0.83%Net loans and leases to deposits
90.11%Net loans and leases to core deposits
105.41%Equity capital to assets
10.57%Core capital (leverage) ratio
10.41%Tier 1 risk-based capital ratio
18.73%Total risk-based capital ratio
Memoranda
$20Average assets
$69,822Average earning assets
$7,692Average equity
$66,295Average loans
Comment about this bank, ask questions, or add new information about it:
This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with First Federal Savings Bank of Ironton.
Based on public records. Inadvertent errors are possible. bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site. Use at your own risk.
Comment about this bank, ask questions, or add new information about it: