Lake National Bank in Mentor, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


Lake National Bank - Overview

  • General
  • FDIC Certificate #: 57879
    Status: Active
    Federal Reserve ID: 3288742
    Date Established: January 18, 2005
    WWW: http://www.lakenationalbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 1 (Domestic: 1, Interstate: No)
    FDIC's unique #: 428844
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: January 18, 2005
    Last Structure Change Effective Date: August 26, 2007
    Last Structure Change Process Date: October 04, 2007
    Last Data Update: October 04, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 7402 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)
  • History of Changes
  • Change in Location
  • Financial Summary
  • Total assets: $122.4 mil
    Equity capital: $11.5 mil
    Deposits held in domestic offices: $110.2 mil
    Return on assets (ROA): 0.77% ($0.9 mil)
    Quarterly return on assets: 0.91% ($1.1 mil)
    Return on Equity (ROE): 7.99% ($1.0 mil)
    Quarterly return on equity: 9.73% ($1.2 mil)
    Net income: $0.9 mil
    Quarterly Net income: $0.3 mil
    Pretax return on assets: 1.16% ($1,420.1 mil)
    Quarterly Pretax return on assets: 1.39% ($1,701.6 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
  • 24Total employees (full-time equivalent)
  • $122,419Total assets
  • $27,112Cash and due from depository institutions
  • $25,855Interest-bearing balances
  • $1,513Securities
  • $3,432Federal funds sold & reverse repurchase agreements
  • $87,176Net loans & leases
  • $1,713Loan loss allowance
  • $0Trading account assets
  • $540Bank premises and fixed assets
  • $127Other real estate owned
  • $18Goodwill and other intangibles
  • $122,419Life insurance assets
  • $2,501All other assets
  • $110,890Total liabilities and capital
  • $110,217Total liabilities
  • $91,701Total deposits
  • $110,217Interest-bearing deposits
  • $83Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $673Subordinated debt
  • $11,529All other liabilities
  • $11,529Total equity capital
  • $11,529Total bank equity capital
  • $0Perpetual preferred stock
  • $1,100Common stock
  • $9,847Surplus
  • $582Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,691Income earned, not collected on loans
  • $0Earning assets
  • $355Long-term assets (5+ years)
  • $117,976Average Assets, year-to-date
  • $25,161Average Assets, quarterly
  • $115,624Volatile liabilities
  • $121,202Insider loans
  • $82,041FHLB advances
  • $122,410Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,529Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $17,280Restructured Loans and leases
  • $2,034Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $5,311Total interest income
  • $862Total interest expense
  • $4,449Net interest income
  • $540Provision for loan and lease losses
  • $120Total noninterest income
  • $0Fiduciary activities
  • $54Service charges on deposit accounts
  • $0Trading account gains & fees
  • $66Additional noninterest income
  • $2,682Total noninterest expense
  • $1,222Salaries and employee benefits
  • $386Premises and equipment expense
  • $1,074Additional noninterest expense
  • $1,347Pre-tax net operating income
  • $0Securities gains (losses)
  • $458Applicable income taxes
  • $889Income before extraordinary items
  • $0Extraordinary gains - net
  • $889Net income attributable to bank
  • $0Net charge-offs
  • $889Cash dividends
  • $655Sale, conversion, retirement of capital stock, net
  • $110Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.77%Yield on earning assets
  • 0.77%Cost of funding earning assets
  • 4.00%Net interest margin
  • 0.11%Noninterest income to earning assets
  • 2.41%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.77%Return on assets (ROA)
  • 1.16%Pretax return on assets
  • 7.99%Return on equity (ROE)
  • 7.00%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 82.44%Credit loss provision to net charge-offs
  • 2.88%Efficiency ratio
  • 58,700Assets per employee
  • 5.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 12.37%Loss allowance to loans
  • 1.93%Loss allowance to noncurrent loans
  • 63.66%Noncurrent assets plus other real estate owned to assets
  • 2.30%Noncurrent loans to loans
  • 3.03%Net loans and leases to deposits
  • 79.09%Net loans and leases to core deposits
  • 88.48%Equity capital to assets
  • 9.42%Core capital (leverage) ratio
  • 9.42%Tier 1 risk-based capital ratio
  • 14.05%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $115,624Average earning assets
  • $11,129Average equity
  • $111,334Average loans

List of branches

  • 1 Ohio Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0428844Lake National Bank7402 Center Street, Mentor, OH 44060January 18, 2005Full Service Brick and Mortar

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