Morgan Bank, National Association in Hudson, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 10, 2007

  • Morgan Bank, National Association in Hudson, Ohio (OH)
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Morgan Bank, National Association - Overview

  • General
  • FDIC Certificate #: 32798
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Lorain National Bank (#14832)
    Federal Reserve ID: 1437199
    Date Established: Febuary 12, 1990
    WWW: http://www.morganbank.net
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 3 (Interstate: No)
    FDIC's unique #: 45709
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: No
    Date of Deposit Insurance: Febuary 12, 1990
    Last Structure Change Effective Date: May 10, 2007
    Last Structure Change Process Date: June 05, 2007
    Last Data Update: June 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 West Streetsboro Street, Suite 206, Hudson, OH 44236
    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: $125.3 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, 2006)

  • Dollar figures in thousands
  • 32Total employees (full-time equivalent)
  • $127,540Total assets
  • $3,374Cash and due from depository institutions
  • $100Interest-bearing balances
  • $24,948Securities
  • $352Federal funds sold & reverse repurchase agreements
  • $96,238Net loans & leases
  • $842Loan loss allowance
  • $0Trading account assets
  • $834Bank premises and fixed assets
  • $0Other real estate owned
  • $226Goodwill and other intangibles
  • $0Life insurance assets
  • $1,568All other assets
  • $127,540Total liabilities and capital
  • $117,314Total liabilities
  • $110,380Total deposits
  • $98,397Interest-bearing deposits
  • $110,380Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $2,300Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $4,252Other borrowed funds
  • $0Subordinated debt
  • $382All other liabilities
  • $10,226Total equity capital
  • $10,226Total bank equity capital
  • $10,226Perpetual preferred stock
  • $0Common stock
  • $2,367Surplus
  • $4,463Undivided profits
  • Memoranda
  • $3,396Noncurrent loans and leases
  • $13,871Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $528Earning assets
  • $0Long-term assets (5+ years)
  • $530Average Assets, year-to-date
  • $121,638Average Assets, quarterly
  • $39,168Volatile liabilities
  • $126,395Insider loans
  • $127,995FHLB advances
  • $15,587Loans and leases held for sale
  • $2,457Unused loan commitments
  • $4,200Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,328Total risk weighted assets
  • $13,871Total unused commitments
  • $772Restructured Loans and leases
  • $842Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $6,841Total interest income
  • $3,882Total interest expense
  • $2,959Net interest income
  • $223Provision for loan and lease losses
  • $1,408Total noninterest income
  • $0Fiduciary activities
  • $133Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,275Additional noninterest income
  • $3,318Total noninterest expense
  • $1,466Salaries and employee benefits
  • $243Premises and equipment expense
  • $1,609Additional noninterest expense
  • $826Pre-tax net operating income
  • -$1Securities gains (losses)
  • $243Applicable income taxes
  • $582Income before extraordinary items
  • $0Extraordinary gains - net
  • $582Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $236Sale, conversion, retirement of capital stock, net
  • $76Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.77%Yield on earning assets
  • 3.27%Cost of funding earning assets
  • 2.50%Net interest margin
  • 1.19%Noninterest income to earning assets
  • 2.80%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.46%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 5.98%Return on equity (ROE)
  • 5.20%Retained earnings to average equity (YTD only)
  • 0.25%Net charge-offs to loans
  • 94.49%Credit loss provision to net charge-offs
  • 4.44%Efficiency ratio
  • 75,979Assets per employee
  • 3.99%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 13.06%Loss allowance to loans
  • 0.87%Loss allowance to noncurrent loans
  • 159.47%Noncurrent assets plus other real estate owned to assets
  • 0.41%Noncurrent loans to loans
  • 0.54%Net loans and leases to deposits
  • 87.19%Net loans and leases to core deposits
  • 99.12%Equity capital to assets
  • 8.02%Core capital (leverage) ratio
  • 8.32%Tier 1 risk-based capital ratio
  • 9.77%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $126,395Average earning assets
  • $9,729Average equity
  • $118,545Average loans

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