First Place Bank in Warren, Ohio (OH), MI
Overview, Financial Summary, Detailed Financial Reports, Branches


  • First Place Bank in Warren, Ohio (OH), MI
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First Place Bank - Overview

  • General
  • FDIC Certificate #: 34657
    Status: Active
    Federal Reserve ID: 876371
    Date Established: January 01, 1949
    WWW: http://www.firstplacebank.com
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 43 (Domestic: 43, Interstate: Yes)
    OTS Docket #: 14752
    FDIC's unique #: 61034
    Numeric code: 33
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 01, 1998
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 185 East Market Street, Warren, OH 44481
    County: Trumbull
    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): Youngstown-Warren, OH (#9320)
    Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
    Core Based Statistical Area (CBSA): Youngstown-Warren-Boardman, OH-PA (#49660)
    CBSA Metro Statistical Area: Youngstown-Warren-Boardman, OH-PA (#49660)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $2,754.5 mil
    Equity capital: $177.3 mil
    Deposits held in domestic offices: $2,219.6 mil
    Return on assets (ROA): -0.36% (-$9.9 mil)
    Quarterly return on assets: 0.78% ($21.5 mil)
    Return on Equity (ROE): -5.39% (-$9.5 mil)
    Quarterly return on equity: 12.18% ($21.6 mil)
    Net income: -$10.5 mil
    Quarterly Net income: $5.5 mil
    Pretax return on assets: -0.31% (-$8,539.0 mil)
    Quarterly Pretax return on assets: 0.95% ($26,168.0 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, 2011)

  • Dollar figures in thousands
  • 835Total employees (full-time equivalent)
  • $2,754,525Total assets
  • $269,872Cash and due from depository institutions
  • $222,003Interest-bearing balances
  • $213,998Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $2,055,710Net loans & leases
  • $86,318Loan loss allowance
  • $0Trading account assets
  • $39,683Bank premises and fixed assets
  • $26,979Other real estate owned
  • $35,900Goodwill and other intangibles
  • $2,754,525Life insurance assets
  • $112,383All other assets
  • $2,577,261Total liabilities and capital
  • $2,219,646Total liabilities
  • $1,874,260Total deposits
  • $2,219,646Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 78282.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $261,073Trading liabilities
  • $0Other borrowed funds
  • $18,260Subordinated debt
  • $177,264All other liabilities
  • $177,264Total equity capital
  • $177,264Total bank equity capital
  • $0Perpetual preferred stock
  • $1Common stock
  • $426,687Surplus
  • $-249,424Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $138,335Income earned, not collected on loans
  • $4,201Earning assets
  • $8,678Long-term assets (5+ years)
  • $2,491,711Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $2,905,872Volatile liabilities
  • $2,813,004Insider loans
  • $1,887,515FHLB advances
  • $2,742,261Loans and leases held for sale
  • $36,812Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $165,885Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $651,587Restructured Loans and leases
  • $591Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $129,880Total interest income
  • $27,057Total interest expense
  • $102,823Net interest income
  • $47,170Provision for loan and lease losses
  • $37,008Total noninterest income
  • $0Fiduciary activities
  • $14,722Service charges on deposit accounts
  • -$27,707Trading account gains & fees
  • $49,993Additional noninterest income
  • $103,262Total noninterest expense
  • $48,542Salaries and employee benefits
  • $12,752Premises and equipment expense
  • $41,968Additional noninterest expense
  • -$10,601Pre-tax net operating income
  • $1,456Securities gains (losses)
  • $1,351Applicable income taxes
  • -$10,496Income before extraordinary items
  • $0Extraordinary gains - net
  • -$10,496Net income attributable to bank
  • $0Net charge-offs
  • -$10,496Cash dividends
  • $119,086Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.95%Yield on earning assets
  • 1.03%Cost of funding earning assets
  • 3.92%Net interest margin
  • 1.41%Noninterest income to earning assets
  • 3.94%Noninterest expense to earning assets
  • -0.41%Net operating income to assets
  • -0.36%Return on assets (ROA)
  • -0.31%Pretax return on assets
  • -5.39%Return on equity (ROE)
  • -5.39%Retained earnings to average equity (YTD only)
  • 5.08%Net charge-offs to loans
  • 39.61%Credit loss provision to net charge-offs
  • 0.31%Efficiency ratio
  • 71,059Assets per employee
  • 3.30%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 4.03%Loss allowance to noncurrent loans
  • 62.40%Noncurrent assets plus other real estate owned to assets
  • 6.00%Noncurrent loans to loans
  • 6.46%Net loans and leases to deposits
  • 92.61%Net loans and leases to core deposits
  • 96.49%Equity capital to assets
  • 6.44%Core capital (leverage) ratio
  • 6.07%Tier 1 risk-based capital ratio
  • 8.79%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $2,905,872Average earning assets
  • $194,708Average equity
  • $2,623,712Average loans

List of branches

  • 11 Michigan Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    1028710220247 Mack Avenue Branch20247 Mack Avenue, Grosse Pointe Woods, MI 48236June 30, 1987Full Service Brick and Mortar
    11287103479 South Woodward Branch479 South Woodward, Birmingham, MI 48009June 30, 1989Full Service Brick and Mortar
    12287104West Twelve Mile Road Branch24805 West Twelve Mile Road, Southfield, MI 48034December 31, 1983Full Service Brick and Mortar
    36262588Flushing Branch220 East Main Street, Flushing, MI 48433January 01, 1888Full Service Brick and Mortar
    37264593Davison Branch727 South State Road, Davison, MI 48423January 01, 1889Full Service Brick and Mortar
    38264597G6120 Fenton Road Branch6120 Fenton Road, Flint, MI 48507January 01, 1889Full Service Brick and Mortar
    392646003213 Genesee Rd Branch3213 Genesee Road, Flint, MI 48506January 01, 1889Full Service Brick and Mortar
    42264606G-4409 Miller Road Branch4409 Miller Road, Flint, MI 48507January 01, 1889Full Service Brick and Mortar
    43469944Livonia Branch17900 Haggerty Road, Livonia, MI 48152July 31, 2006Full Service Brick and Mortar
    44469946Shelby Branch50787 Corporate Drive, Shelby Township, MI 48315September 21, 2006Full Service Brick and Mortar
    53495798Long Lake Branch734 W. Long Lake Rd, Troy, MI 48098June 30, 2009Full Service Brick and Mortar
  • 32 Ohio Branches as of April 05, 2012
    • NoIDNameAddressEstablishedService TypeMap
    061034First Place Bank185 East Market Street, Warren, OH 44481January 01, 1949Full Service Brick and Mortar
    2481115Ohio Central Savings Br6033 Perimeter Dr, Dublin, OH 43017July 11, 2008Full Service Brick and Mortar
    6262837361 Midway Mall Boulevard Branch361 Midway Mall Blvd, Elyria, OH 44035January 01, 1920Full Service Brick and Mortar
    726283835423 Center Ridge Road Branch35423 Center Ridge Road, N. Ridgeville, OH 44039January 01, 1920Full Service Brick and Mortar
    8262839111 Antioch Drive Branch111 Antioch Drive, Elyria, OH 44035January 01, 1920Full Service Brick and Mortar
    9357213Cooper Foster Park Road Branch1977 Cooper Foster Park Road, Amherst, OH 44001September 28, 1998Full Service Brick and Mortar
    15265571Elm Road Branch2001 Elm Rd Ne, Warren, OH 44483January 01, 1922Full Service Brick and Mortar
    162655728226 E Market St Branch8226 E Market St, Warren, OH 44484January 01, 1922Full Service Brick and Mortar
    172655734460 Mahoning Ave Nw Branch4460 Mahoning Ave Nw, Warren, OH 44483January 01, 1922Full Service Brick and Mortar
    18265574325 South High Street Branch325 South High Street, Cortland, OH 44410January 01, 1922Full Service Brick and Mortar
    19265575Brookfield Branch7290 Sharon Warren Rd, Brookfield, OH 44403January 01, 1922Full Service Brick and Mortar
    2143389The Ravenna Savings Bank Branch999 East Main Street, Ravenna, OH 44266January 01, 1923Full Service Brick and Mortar
    22280767Rootstown Branch4183 Tallmadge Road, Rootstown, OH 44272January 01, 1923Full Service Brick and Mortar
    2442184Boardman Branch724 Boardman-Poland Road, Boardman, OH 44512January 01, 1900Full Service Brick and Mortar
    25274745Central Square Branch25 Market Street, Youngstown, OH 44503January 01, 1900Full Service Brick and Mortar
    26274746Newport Branch3900 Market Street, Youngstown, OH 44512January 01, 1900Full Service Brick and Mortar
    27274747Westgate Branch4390 Mahoning Avenue, Austintown, OH 44515January 01, 1900Full Service Brick and Mortar
    2942277Canfield Branch2 S Broad St, Canfield, OH 44406January 01, 1919Full Service Brick and Mortar
    31274750Cornersburg Branch3516 Meridan Rd, Youngstown, OH 44511January 01, 1900Full Service Brick and Mortar
    32274751New Middletown Branch10416 Main Street, New Middletown, OH 44442January 01, 1900Full Service Brick and Mortar
    33440854North Olmsted Branch25000 Country Club Boulevard Suite 200, North Olmsted, OH 44070March 01, 2005Full Service Retail
    34453842Elyria Branch200 Middle Ave, Elyria, OH 44035July 25, 2006Full Service Brick and Mortar
    35461439North Main Street Branch351 N. Main Street, Grafton, OH 44044June 30, 2006Full Service Brick and Mortar
    45469947Solon Financial Center6150 Enterprise Parkway, Solon, OH 44139July 25, 2006Full Service Brick and Mortar
    47469950Niles Branch6002 Warren-Youngstown Road, Niles, OH 44446July 25, 2006Full Service Brick and Mortar
    48469952Poland Branch2 South Main Street, Poland, OH 44514July 25, 2006Limited Service Facility
    49469953Seville Branch3801 Boardman Canfield Road, Canfield, OH 44406July 25, 2006Full Service Brick and Mortar
    50469954Struthers Branch655 Creed Street, Struthers, OH 44471July 25, 2006Full Service Brick and Mortar
    51495785Mayfield Road Branch2802 Mayfield Rd, Cleveland Heights, OH 44118June 01, 1998Full Service Brick and Mortar
    52495793Sheffield Center Branch400 Sheffield Center, Lorain, OH 44055June 30, 2009Full Service Brick and Mortar
    54495802Austintown Branch101 S. Canfield Niles Rd, Youngstown, OH 44515June 30, 2009Full Service Brick and Mortar
    55495803Belmont Branch4682 Belmont Ave., Youngstown, OH 44505September 08, 2008Full Service Brick and Mortar

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