FDIC Certificate #: 17772 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sky Bank (#5982) Federal Reserve ID: 592822 Date Established: June 13, 1957 WWW:http://www.glbonline.com Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 13 (Interstate: No) OTS Docket #: 13876 FDIC's unique #: 11726 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: June 13, 1957 Last Structure Change Effective Date: December 13, 2003 Last Structure Change Process Date: January 14, 2004 Last Data Update: January 14, 2004 Data Source Date: April 05, 2012
Location
Address: 7001 Center Street, Mentor, OH 44060 County: Lake 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): 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: $208.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
106Total employees (full-time equivalent)
$176,882Total assets
$13,461Cash and due from depository institutions
$2,586Interest-bearing balances
$2,521Securities
$18,495Federal funds sold & reverse repurchase agreements
$136,881Net loans & leases
$1,454Loan loss allowance
$0Trading account assets
$3,151Bank premises and fixed assets
$0Other real estate owned
$466Goodwill and other intangibles
$0Life insurance assets
$1,907All other assets
$176,882Total liabilities and capital
$163,760Total liabilities
$155,170Total deposits
$134,620Interest-bearing deposits
$155,170Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$8,144Other borrowed funds
$0Subordinated debt
$446All other liabilities
$13,122Total equity capital
$13,122Total bank equity capital
$13,122Perpetual preferred stock
$0Common stock
$1,491Surplus
$8,368Undivided profits
Memoranda
$3,263Noncurrent loans and leases
$32,730Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,207Earning assets
$0Long-term assets (5+ years)
$694Average Assets, year-to-date
$160,483Average Assets, quarterly
$46,673Volatile liabilities
$161,632Insider loans
$171,964FHLB advances
$13,213Loans and leases held for sale
$2,160Unused loan commitments
$8,144Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$32,730Total unused commitments
$0Restructured Loans and leases
$1,454Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$10,268Total interest income
$3,513Total interest expense
$6,755Net interest income
$275Provision for loan and lease losses
$975Total noninterest income
$0Fiduciary activities
$442Service charges on deposit accounts
$0Trading account gains & fees
$533Additional noninterest income
$5,934Total noninterest expense
$3,037Salaries and employee benefits
$1,277Premises and equipment expense
$1,620Additional noninterest expense
$1,521Pre-tax net operating income
$0Securities gains (losses)
$522Applicable income taxes
$999Income before extraordinary items
$0Extraordinary gains - net
$999Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$18Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.99%Yield on earning assets
2.39%Cost of funding earning assets
4.60%Net interest margin
0.66%Noninterest income to earning assets
4.04%Noninterest expense to earning assets
0.62%Net operating income to assets
0.62%Return on assets (ROA)
0.94%Pretax return on assets
7.91%Return on equity (ROE)
7.91%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
1527.78%Credit loss provision to net charge-offs
99.78%Efficiency ratio
76,365Assets per employee
1.67%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
120.46%Noncurrent assets plus other real estate owned to assets
0.68%Noncurrent loans to loans
0.87%Net loans and leases to deposits
88.21%Net loans and leases to core deposits
94.43%Equity capital to assets
7.42%Core capital (leverage) ratio
7.47%Tier 1 risk-based capital ratio
9.85%Total risk-based capital ratio
Memoranda
$11Average assets
$161,632Average earning assets
$12,627Average equity
$146,847Average loans
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