FDIC Certificate #: 33400 Status: Inactive Federal Reserve ID: 1874936 Date Established: May 01, 1991 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 2 (Interstate: No) FDIC's unique #: 47039 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: May 01, 1991 Last Structure Change Effective Date: November 10, 2005 Last Structure Change Process Date: March 01, 2006 Last Data Update: March 01, 2006 Data Source Date: April 05, 2012
Location
Address: 300 Sheffield Center, Lorain, OH 44055 County: Lorain 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
Other Liquidations and Closings
Change in Insurance Status
Office Sold
Financial Summary
Total assets: $31.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
Dollar figures in thousands
656Total employees (full-time equivalent)
$39,377Total assets
$219Cash and due from depository institutions
$100Interest-bearing balances
$25,438Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$13,720All other assets
$39,377Total liabilities and capital
$569Total liabilities
$500Total deposits
$500Interest-bearing deposits
$500Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$69All other liabilities
$38,808Total equity capital
$38,808Total bank equity capital
$38,808Perpetual preferred stock
$0Common stock
$1,500Surplus
$4,500Undivided profits
Memoranda
$32,808Noncurrent loans and leases
$28,272,100Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$0Average Assets, year-to-date
$25,538Average Assets, quarterly
$0Volatile liabilities
$33,092Insider loans
$34,798FHLB advances
$500Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$28,272,100Total unused commitments
$0Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$307Total interest income
$31Total interest expense
$276Net interest income
$0Provision for loan and lease losses
$127,756Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$127,756Additional noninterest income
$61,244Total noninterest expense
$13,702Salaries and employee benefits
$681Premises and equipment expense
$46,861Additional noninterest expense
$66,788Pre-tax net operating income
$0Securities gains (losses)
$26,374Applicable income taxes
$40,414Income before extraordinary items
$0Extraordinary gains - net
$40,414Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$0Sale, conversion, retirement of capital stock, net
$37,404Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
1.13%Yield on earning assets
0.11%Cost of funding earning assets
1.02%Net interest margin
470.91%Noninterest income to earning assets
225.75%Noninterest expense to earning assets
122.13%Net operating income to assets
122.13%Return on assets (ROA)
201.83%Pretax return on assets
124.26%Return on equity (ROE)
9.25%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
47,835Assets per employee
0.06%Cash dividends to net income (YTD only)
Condition Ratios (%)
92.55%Loss allowance to loans
0.00%Loss allowance to noncurrent loans
0.00%Noncurrent assets plus other real estate owned to assets
0.00%Noncurrent loans to loans
0.00%Net loans and leases to deposits
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
98.55%Core capital (leverage) ratio
116.73%Tier 1 risk-based capital ratio
207.85%Total risk-based capital ratio
Memoranda
$208Average assets
$33,092Average earning assets
$32,524Average equity
$27,130Average loans
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