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)
  • Show street view No street view available for this location

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

Comment about this bank, ask questions, or add new information about it:

CAPTCHA

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with National City Bank, Northeast.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents