Great Northern Savings Company in Barberton, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 22, 1994

  • Great Northern Savings Company in Barberton, Ohio (OH)
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Great Northern Savings Company - Overview

  • General
  • FDIC Certificate #: 27859
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 603175
    Date Established: January 01, 1916
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 414
    FDIC's unique #: 40693
    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: May 25, 1937
    Last Structure Change Effective Date: April 22, 1994
    Last Structure Change Process Date: May 19, 1994
    Last Data Update: May 19, 1994
    Data Source Date: April 05, 2012
  • Location
  • Address: 524 Park Avenue West, Barberton, OH 44203
    County: Summit
    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): Akron, OH (#80)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Akron, OH (#10420)
    CBSA Metro Statistical Area: Akron, OH (#10420)
  • Financial Summary
  • Total assets: $373.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1993)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $118Total assets
  • $383,560Cash and due from depository institutions
  • $12,266Interest-bearing balances
  • $9,853Securities
  • $128,151Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $234,678Loan loss allowance
  • $1,117Trading account assets
  • $0Bank premises and fixed assets
  • $1,466Other real estate owned
  • $1,885Goodwill and other intangibles
  • $4,955Life insurance assets
  • $159All other assets
  • $0Total liabilities and capital
  • $383,560Total liabilities
  • $360,620Total deposits
  • $320,079Interest-bearing deposits
  • $315,000Deposits held in domestic offices
  • 320079.00%% insured (estimated)
  • $97Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $37,682Subordinated debt
  • $0All other liabilities
  • $2,859Total equity capital
  • $2,859Total bank equity capital
  • $22,940Perpetual preferred stock
  • $0Common stock
  • $700Surplus
  • $0Undivided profits
  • Memoranda
  • $22,240Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $384Income earned, not collected on loans
  • $1,182Earning assets
  • $372,682Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $384,495Average Assets, quarterly
  • $384,389Volatile liabilities
  • $60,947Insider loans
  • $160FHLB advances
  • $36,682Loans and leases held for sale
  • $0Unused loan commitments
  • $3,700Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $22,781Total risk weighted assets
  • $175,377Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1993)

  • Dollar figures in thousands
  • $0Total interest income
  • $26,483Total interest expense
  • $16,582Net interest income
  • $9,901Provision for loan and lease losses
  • $1,754Total noninterest income
  • $924Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $924Total noninterest expense
  • $7,928Salaries and employee benefits
  • $5,081Premises and equipment expense
  • $794Additional noninterest expense
  • $2,053Pre-tax net operating income
  • $1,143Securities gains (losses)
  • $0Applicable income taxes
  • $1,017Income before extraordinary items
  • $126Extraordinary gains - net
  • $193Net income attributable to bank
  • $319Net charge-offs
  • -$7Cash dividends
  • $1,064Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1993)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.11%Cost of funding earning assets
  • 4.45%Net interest margin
  • 2.66%Noninterest income to earning assets
  • 0.25%Noninterest expense to earning assets
  • 2.13%Net operating income to assets
  • 0.03%Return on assets (ROA)
  • 0.08%Pretax return on assets
  • 0.35%Return on equity (ROE)
  • 1.32%Retained earnings to average equity (YTD only)
  • -3.07%Net charge-offs to loans
  • -0.00%Credit loss provision to net charge-offs
  • -25057.14%Efficiency ratio
  • 72,693Assets per employee
  • 3.25%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 333.54%Loss allowance to loans
  • 0.47%Loss allowance to noncurrent loans
  • 290.89%Noncurrent assets plus other real estate owned to assets
  • 0.59%Noncurrent loans to loans
  • 0.16%Net loans and leases to deposits
  • 73.32%Net loans and leases to core deposits
  • 79.07%Equity capital to assets
  • 5.98%Core capital (leverage) ratio
  • 5.94%Tier 1 risk-based capital ratio
  • 12.99%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $384,495Average earning assets
  • $24,247Average equity
  • $372,320Average loans

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