Liberty Bank, National Association in Twinsburg, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Liberty Bank, National Association in Twinsburg, Ohio (OH)
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Liberty Bank, National Association - Overview

  • General
  • FDIC Certificate #: 33135
    Status: Active
    Federal Reserve ID: 1479676
    Date Established: October 09, 1990
    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: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 46370
    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: October 09, 1990
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 2351 Edison Boulevard, Twinsburg, OH 44087
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $211.3 mil
    Equity capital: $22.5 mil
    Deposits held in domestic offices: $187.9 mil
    Return on assets (ROA): -1.05% (-$2.2 mil)
    Quarterly return on assets: -4.66% (-$9.8 mil)
    Return on Equity (ROE): -10.57% (-$2.3 mil)
    Quarterly return on equity: -41.75% (-$9.2 mil)
    Net income: -$2.3 mil
    Quarterly Net income: -$2.5 mil
    Pretax return on assets: -1.50% (-$3,169.4 mil)
    Quarterly Pretax return on assets: -6.92% (-$14,621.3 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, 2011)

  • Dollar figures in thousands
  • 47Total employees (full-time equivalent)
  • $211,291Total assets
  • $19,686Cash and due from depository institutions
  • $18,086Interest-bearing balances
  • $9,931Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $174,893Net loans & leases
  • $5,004Loan loss allowance
  • $0Trading account assets
  • $980Bank premises and fixed assets
  • $0Other real estate owned
  • $0Goodwill and other intangibles
  • $211,291Life insurance assets
  • $5,801All other assets
  • $188,828Total liabilities and capital
  • $187,914Total liabilities
  • $168,684Total deposits
  • $187,914Interest-bearing deposits
  • $84Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $914Subordinated debt
  • $22,463All other liabilities
  • $22,463Total equity capital
  • $22,463Total bank equity capital
  • $0Perpetual preferred stock
  • $9,010Common stock
  • $15,915Surplus
  • $-2,462Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $477Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $8,618Income earned, not collected on loans
  • $428Earning assets
  • $557Long-term assets (5+ years)
  • $202,910Average Assets, year-to-date
  • $40,162Average Assets, quarterly
  • $223,673Volatile liabilities
  • $212,036Insider loans
  • $179,517FHLB advances
  • $218,444Loans and leases held for sale
  • $1,417Unused loan commitments
  • $1,417Tier 1 (core) risk-based capital
  • $22,453Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,433Restructured Loans and leases
  • $4,412Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $10,791Total interest income
  • $2,380Total interest expense
  • $8,411Net interest income
  • $5,432Provision for loan and lease losses
  • $976Total noninterest income
  • $0Fiduciary activities
  • $311Service charges on deposit accounts
  • $0Trading account gains & fees
  • $665Additional noninterest income
  • $7,318Total noninterest expense
  • $3,836Salaries and employee benefits
  • $925Premises and equipment expense
  • $2,557Additional noninterest expense
  • -$3,363Pre-tax net operating income
  • $0Securities gains (losses)
  • -$1,023Applicable income taxes
  • -$2,340Income before extraordinary items
  • $0Extraordinary gains - net
  • -$2,340Net income attributable to bank
  • $0Net charge-offs
  • -$2,340Cash dividends
  • $4,575Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.99%Yield on earning assets
  • 1.10%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.45%Noninterest income to earning assets
  • 3.39%Noninterest expense to earning assets
  • -1.05%Net operating income to assets
  • -1.05%Return on assets (ROA)
  • -1.50%Pretax return on assets
  • -10.57%Return on equity (ROE)
  • -10.57%Retained earnings to average equity (YTD only)
  • 2.52%Net charge-offs to loans
  • 118.73%Credit loss provision to net charge-offs
  • 0.45%Efficiency ratio
  • 77,959Assets per employee
  • 4.50%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.78%Loss allowance to noncurrent loans
  • 58.06%Noncurrent assets plus other real estate owned to assets
  • 4.08%Noncurrent loans to loans
  • 4.79%Net loans and leases to deposits
  • 93.07%Net loans and leases to core deposits
  • 96.38%Equity capital to assets
  • 10.63%Core capital (leverage) ratio
  • 10.28%Tier 1 risk-based capital ratio
  • 12.51%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $223,673Average earning assets
  • $22,137Average equity
  • $216,048Average loans

List of branches

  • 3 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    046370Liberty Bank, National Association2351 Edison Boulevard, Twinsburg, OH 44087October 09, 1990Full Service Brick and Mortar
    1359308Solon Liberty Bank Branch6134a Kruse Drive, Solon, OH 44139August 31, 1999Full Service Brick and Mortar
    2458065Beachwood Office Branch25201 Chagrin Boulevard, Suite 150, Beachwood, OH 44122November 02, 2006Full Service Brick and Mortar

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