FDIC Certificate #: 27810 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Federal Bank of the Midwest (#29845) Federal Reserve ID: 667878 Date Established: January 01, 1923 WWW:http://www.genoasavings.com Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 318 FDIC's unique #: 40644 Numeric code: 35 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: December 30, 1936 Last Structure Change Effective Date: April 08, 2005 Last Structure Change Process Date: May 24, 2005 Last Data Update: May 24, 2005 Data Source Date: April 05, 2012
Location
Address: 603 Main St, Genoa, OH 43430 County: Ottawa 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 Combined Statistical Area (CSA): Toledo-Fremont, OH (#534) Core Based Statistical Area (CBSA): Toledo, OH (#45780) CBSA Metro Statistical Area: Toledo, OH (#45780)
Financial Summary
Total assets: $84.3 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
40Total employees (full-time equivalent)
$90,699Total assets
$15,388Cash and due from depository institutions
$13,202Interest-bearing balances
$16Securities
$0Federal funds sold & reverse repurchase agreements
$67,780Net loans & leases
$1,716Loan loss allowance
$0Trading account assets
$3,976Bank premises and fixed assets
$200Other real estate owned
$320Goodwill and other intangibles
$0Life insurance assets
$3,019All other assets
$90,699Total liabilities and capital
$83,560Total liabilities
$83,434Total deposits
$79,441Interest-bearing deposits
$83,434Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$30Other borrowed funds
$0Subordinated debt
$96All other liabilities
$7,139Total equity capital
$7,139Total bank equity capital
$7,139Perpetual preferred stock
$0Common stock
$360Surplus
$480Undivided profits
Memoranda
$6,299Noncurrent loans and leases
$17,768Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,690Earning assets
$0Long-term assets (5+ years)
$307Average Assets, year-to-date
$80,998Average Assets, quarterly
$0Volatile liabilities
$97,772Insider loans
$93,760FHLB advances
$14,407Loans and leases held for sale
$670Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$17,768Total unused commitments
$141Restructured Loans and leases
$839Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$4,897Total interest income
$2,095Total interest expense
$2,802Net interest income
$0Provision for loan and lease losses
$718Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$718Additional noninterest income
$4,327Total noninterest expense
$2,048Salaries and employee benefits
$1,149Premises and equipment expense
$1,130Additional noninterest expense
-$807Pre-tax net operating income
-$117Securities gains (losses)
-$314Applicable income taxes
-$610Income before extraordinary items
$0Extraordinary gains - net
-$610Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$191Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.53%Yield on earning assets
2.36%Cost of funding earning assets
3.16%Net interest margin
0.81%Noninterest income to earning assets
4.88%Noninterest expense to earning assets
-0.54%Net operating income to assets
-0.62%Return on assets (ROA)
-0.95%Pretax return on assets
-8.17%Return on equity (ROE)
-8.17%Retained earnings to average equity (YTD only)
0.26%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
-4.23%Efficiency ratio
120,909Assets per employee
2.27%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.47%Loss allowance to noncurrent loans
101.54%Noncurrent assets plus other real estate owned to assets
2.08%Noncurrent loans to loans
2.43%Net loans and leases to deposits
81.24%Net loans and leases to core deposits
98.15%Equity capital to assets
7.87%Core capital (leverage) ratio
7.87%Tier 1 risk-based capital ratio
10.77%Total risk-based capital ratio
Memoranda
$12Average assets
$97,772Average earning assets
$7,462Average equity
$88,621Average loans
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