National City Bank, Northeast in Akron, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 31, 1997

  • National City Bank, Northeast in Akron, Ohio (OH)
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National City Bank, Northeast - Overview

  • General
  • FDIC Certificate #: 10254
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank (#6557)
    Federal Reserve ID: 77516
    Date Established: August 01, 1933
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 87 (Interstate: No)
    FDIC's unique #: 6574
    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: January 01, 1934
    Last Structure Change Effective Date: October 31, 1997
    Last Structure Change Process Date: November 17, 1997
    Last Data Update: November 17, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: One Cascade Plaza, Akron, OH 44308
    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: $3,235.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $1,046Total assets
  • $3,164,360Cash and due from depository institutions
  • $121,077Interest-bearing balances
  • $100Securities
  • $114,508Federal funds sold & reverse repurchase agreements
  • $230,849Net loans & leases
  • $2,576,315Loan loss allowance
  • $62,431Trading account assets
  • $0Bank premises and fixed assets
  • $25,958Other real estate owned
  • $268Goodwill and other intangibles
  • $42,658Life insurance assets
  • $52,727All other assets
  • $0Total liabilities and capital
  • $3,164,360Total liabilities
  • $2,938,443Total deposits
  • $2,629,355Interest-bearing deposits
  • $2,177,545Deposits held in domestic offices
  • 2629355.00%% insured (estimated)
  • $86Federal funds purchased & repurchase agreements
  • $208,418Trading liabilities
  • $0Other borrowed funds
  • $160Subordinated debt
  • $49,507All other liabilities
  • $51,003Total equity capital
  • $51,003Total bank equity capital
  • $225,917Perpetual preferred stock
  • $0Common stock
  • $4,000Surplus
  • $95,711Undivided profits
  • Memoranda
  • $126,206Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $11,344Income earned, not collected on loans
  • $16,550Earning assets
  • $2,921,772Long-term assets (5+ years)
  • $313,057Average Assets, year-to-date
  • $3,087,050Average Assets, quarterly
  • $3,115,125Volatile liabilities
  • $429,895Insider loans
  • $41,236FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $301,249Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $173,859Total risk weighted assets
  • $2,525,713Total unused commitments
  • $0Restructured Loans and leases
  • $200,000Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $224,452Total interest expense
  • $103,172Net interest income
  • $121,280Provision for loan and lease losses
  • $0Total noninterest income
  • $35,034Fiduciary activities
  • $10,215Service charges on deposit accounts
  • $12,607Trading account gains & fees
  • $0Additional noninterest income
  • $12,212Total noninterest expense
  • $88,734Salaries and employee benefits
  • $35,359Premises and equipment expense
  • $8,798Additional noninterest expense
  • $44,577Pre-tax net operating income
  • $67,580Securities gains (losses)
  • $1Applicable income taxes
  • $24,361Income before extraordinary items
  • $43,220Extraordinary gains - net
  • $0Net income attributable to bank
  • $43,220Net charge-offs
  • $7,767Cash dividends
  • $26,000Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.93%Cost of funding earning assets
  • 3.64%Net interest margin
  • 4.28%Noninterest income to earning assets
  • 1.24%Noninterest expense to earning assets
  • 3.13%Net operating income to assets
  • 1.40%Return on assets (ROA)
  • 1.40%Pretax return on assets
  • 2.19%Return on equity (ROE)
  • 19.17%Retained earnings to average equity (YTD only)
  • 7.64%Net charge-offs to loans
  • 0.32%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 53,837Assets per employee
  • 3.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 60.16%Loss allowance to loans
  • 2.37%Loss allowance to noncurrent loans
  • 550.34%Noncurrent assets plus other real estate owned to assets
  • 0.37%Noncurrent loans to loans
  • 0.43%Net loans and leases to deposits
  • 97.98%Net loans and leases to core deposits
  • 106.99%Equity capital to assets
  • 7.14%Core capital (leverage) ratio
  • 5.69%Tier 1 risk-based capital ratio
  • 6.88%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $3,087,050Average earning assets
  • $225,415Average equity
  • $2,831,089Average loans

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