FDIC Certificate #: 16848 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:The Citizens Banking Company (#12982) Federal Reserve ID: 137120 Date Established: January 01, 1903 Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 10947 Numeric code: 21 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: November 07, 1949 Last Structure Change Effective Date: October 04, 2007 Last Structure Change Process Date: October 09, 2007 Last Data Update: October 09, 2007 Data Source Date: April 05, 2012
Location
Address: 8973 Township Road 239, Lakeview, OH 43331 County: Logan 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 Core Based Statistical Area (CBSA): Bellefontaine, OH (#13340) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $125.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2006)
Dollar figures in thousands
32Total employees (full-time equivalent)
$170,242Total assets
$2,811Cash and due from depository institutions
$0Interest-bearing balances
$2,252Securities
$20,500Federal funds sold & reverse repurchase agreements
$142,015Net loans & leases
$869Loan loss allowance
$0Trading account assets
$551Bank premises and fixed assets
$139Other real estate owned
$116Goodwill and other intangibles
$0Life insurance assets
$1,858All other assets
$170,242Total liabilities and capital
$157,087Total liabilities
$156,741Total deposits
$133,007Interest-bearing deposits
$156,741Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$346All other liabilities
$13,155Total equity capital
$13,155Total bank equity capital
$13,155Perpetual preferred stock
$0Common stock
$84Surplus
$871Undivided profits
Memoranda
$12,200Noncurrent loans and leases
$50,056Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$5,430Earning assets
$0Long-term assets (5+ years)
$1,213Average Assets, year-to-date
$164,767Average Assets, quarterly
$1,957Volatile liabilities
$161,229Insider loans
$168,785FHLB advances
$8,888Loans and leases held for sale
$128Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$120,156Total risk weighted assets
$50,056Total unused commitments
$0Restructured Loans and leases
$869Derivatives
Income and Expense (December 31, 2006)
Dollar figures in thousands
$14,548Total interest income
$6,795Total interest expense
$7,753Net interest income
$408Provision for loan and lease losses
$742Total noninterest income
$0Fiduciary activities
$122Service charges on deposit accounts
$0Trading account gains & fees
$620Additional noninterest income
$2,711Total noninterest expense
$1,280Salaries and employee benefits
$402Premises and equipment expense
$1,029Additional noninterest expense
$5,376Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
$5,376Income before extraordinary items
$0Extraordinary gains - net
$5,376Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$104Sale, conversion, retirement of capital stock, net
$5,376Net operating income
Performance and Condition Ratios (December 31, 2006)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.44%Yield on earning assets
4.41%Cost of funding earning assets
5.03%Net interest margin
0.48%Noninterest income to earning assets
1.76%Noninterest expense to earning assets
3.33%Net operating income to assets
3.33%Return on assets (ROA)
3.33%Pretax return on assets
38.30%Return on equity (ROE)
0.00%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
392.31%Credit loss provision to net charge-offs
55.62%Efficiency ratio
31,913Assets per employee
5.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
100.00%Loss allowance to loans
0.61%Loss allowance to noncurrent loans
16.00%Noncurrent assets plus other real estate owned to assets
3.27%Noncurrent loans to loans
3.80%Net loans and leases to deposits
90.60%Net loans and leases to core deposits
96.05%Equity capital to assets
7.73%Core capital (leverage) ratio
7.85%Tier 1 risk-based capital ratio
14.66%Total risk-based capital ratio
Memoranda
$16Average assets
$161,229Average earning assets
$14,037Average equity
$154,071Average loans
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