North Akron Savings Bank in Akron, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

North Akron Savings Bank - Overview

  • General
  • FDIC Certificate #: 28179
    Status: Active
    Federal Reserve ID: 865674
    Date Established: January 01, 1921
    Trust Powers Granted: No
    Bank Charter Class: Savings banks, state charter, supervised by the FDIC
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 1068
    FDIC's unique #: 41013
    Numeric code: 41
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: December 18, 1937
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 158 East Cuyahoga Falls Avenue, Akron, OH 44310
    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)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $157.6 mil
    Equity capital: $14.1 mil
    Deposits held in domestic offices: $112.0 mil
    Return on assets (ROA): -0.19% (-$0.3 mil)
    Quarterly return on assets: -0.22% (-$0.3 mil)
    Return on Equity (ROE): -2.16% (-$0.3 mil)
    Quarterly return on equity: -2.50% (-$0.3 mil)
    Net income: -$0.3 mil
    Quarterly Net income: -$0.1 mil
    Pretax return on assets: -0.31% (-$488.5 mil)
    Quarterly Pretax return on assets: -0.39% (-$614.6 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, 2011)

  • Dollar figures in thousands
  • 40Total employees (full-time equivalent)
  • $157,589Total assets
  • $10,678Cash and due from depository institutions
  • $9,115Interest-bearing balances
  • $34,090Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $106,071Net loans & leases
  • $1,059Loan loss allowance
  • $0Trading account assets
  • $2,224Bank premises and fixed assets
  • $522Other real estate owned
  • $0Goodwill and other intangibles
  • $157,589Life insurance assets
  • $4,004All other assets
  • $143,535Total liabilities and capital
  • $112,004Total liabilities
  • $104,240Total deposits
  • $112,004Interest-bearing deposits
  • $98Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $30,767Trading liabilities
  • $0Other borrowed funds
  • $764Subordinated debt
  • $14,054All other liabilities
  • $14,054Total equity capital
  • $14,054Total bank equity capital
  • $0Perpetual preferred stock
  • $263Common stock
  • $0Surplus
  • $13,791Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,083Income earned, not collected on loans
  • $0Earning assets
  • $553Long-term assets (5+ years)
  • $149,276Average Assets, year-to-date
  • $101,197Average Assets, quarterly
  • $160,242Volatile liabilities
  • $158,624Insider loans
  • $73,955FHLB advances
  • $158,760Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $14,019Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $3,198Restructured Loans and leases
  • $433Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,880Total interest income
  • $1,964Total interest expense
  • $4,916Net interest income
  • $1,280Provision for loan and lease losses
  • $3Total noninterest income
  • $0Fiduciary activities
  • $203Service charges on deposit accounts
  • $0Trading account gains & fees
  • -$200Additional noninterest income
  • $4,401Total noninterest expense
  • $2,308Salaries and employee benefits
  • $492Premises and equipment expense
  • $1,601Additional noninterest expense
  • -$762Pre-tax net operating income
  • $260Securities gains (losses)
  • -$192Applicable income taxes
  • -$310Income before extraordinary items
  • $0Extraordinary gains - net
  • -$310Net income attributable to bank
  • $0Net charge-offs
  • -$310Cash dividends
  • $836Sale, conversion, retirement of capital stock, net
  • $250Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.54%Yield on earning assets
  • 1.30%Cost of funding earning assets
  • 3.24%Net interest margin
  • 0.00%Noninterest income to earning assets
  • 2.90%Noninterest expense to earning assets
  • -0.30%Net operating income to assets
  • -0.19%Return on assets (ROA)
  • -0.31%Pretax return on assets
  • -2.16%Return on equity (ROE)
  • -3.90%Retained earnings to average equity (YTD only)
  • 0.77%Net charge-offs to loans
  • 153.11%Credit loss provision to net charge-offs
  • 0.62%Efficiency ratio
  • 89,469Assets per employee
  • 3.94%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • -80.65%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 97.78%Noncurrent assets plus other real estate owned to assets
  • 1.02%Noncurrent loans to loans
  • 1.01%Net loans and leases to deposits
  • 94.70%Net loans and leases to core deposits
  • 95.85%Equity capital to assets
  • 8.92%Core capital (leverage) ratio
  • 8.83%Tier 1 risk-based capital ratio
  • 18.96%Total risk-based capital ratio
  • Memoranda
  • $20Average assets
  • $160,242Average earning assets
  • $14,344Average equity
  • $151,629Average loans

List of branches

  • 5 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041013North Akron Savings Bank158 East Cuyahoga Falls Avenue, Akron, OH 44310January 01, 1921Full Service Brick and Mortar
    2265400Kent Road Branch4301 Kent Road, Unit #30, Stow, OH 44224June 30, 1996Full Service Brick and Mortar
    3265401Munroe Falls Branch43 South Main Street, Munroe Falls, OH 44262Febuary 01, 1998Full Service Brick and Mortar
    5420286Cuyahoga Falls Branch1871 State Road, Cuyahoga Falls, OH 44221October 26, 2002Full Service Brick and Mortar
    6446058Norton Branch3340 Greenwich Road, Norton, OH 44203December 05, 2005Full Service Brick and Mortar

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