Park View Federal Savings Bank in Solon, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Park View Federal Savings Bank in Solon, Ohio (OH)
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Park View Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 28235
    Status: Active
    Federal Reserve ID: 692973
    Date Established: January 01, 1920
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 1195
    FDIC's unique #: 41069
    Numeric code: 33
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: July 31, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 30000 Aurora Road, Solon, OH 44139
    County: Cuyahoga
    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): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $803.3 mil
    Equity capital: $65.4 mil
    Deposits held in domestic offices: $696.8 mil
    Return on assets (ROA): -0.95% (-$7.6 mil)
    Quarterly return on assets: -0.99% (-$7.9 mil)
    Return on Equity (ROE): -11.02% (-$7.2 mil)
    Quarterly return on equity: -11.92% (-$7.7 mil)
    Net income: -$7.7 mil
    Quarterly Net income: -$2.0 mil
    Pretax return on assets: -0.95% (-$7,631.1 mil)
    Quarterly Pretax return on assets: -0.99% (-$7,952.4 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, 2011)

  • Dollar figures in thousands
  • 183Total employees (full-time equivalent)
  • $803,272Total assets
  • $150,190Cash and due from depository institutions
  • $124,155Interest-bearing balances
  • $22,595Securities
  • $6,000Federal funds sold & reverse repurchase agreements
  • $555,509Net loans & leases
  • $15,030Loan loss allowance
  • $0Trading account assets
  • $3,124Bank premises and fixed assets
  • $9,995Other real estate owned
  • $6,712Goodwill and other intangibles
  • $803,272Life insurance assets
  • $49,147All other assets
  • $737,877Total liabilities and capital
  • $696,829Total liabilities
  • $642,412Total deposits
  • $696,829Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $35,000Trading liabilities
  • $0Other borrowed funds
  • $6,048Subordinated debt
  • $65,395All other liabilities
  • $65,395Total equity capital
  • $65,395Total bank equity capital
  • $0Perpetual preferred stock
  • $9Common stock
  • $51,950Surplus
  • $13,436Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $28,490Income earned, not collected on loans
  • $0Earning assets
  • $2,091Long-term assets (5+ years)
  • $708,259Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $803,154Volatile liabilities
  • $795,935Insider loans
  • $588,032FHLB advances
  • $804,044Loans and leases held for sale
  • $23,539Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $66,167Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $115,238Restructured Loans and leases
  • $6,145Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $30,649Total interest income
  • $9,563Total interest expense
  • $21,086Net interest income
  • $8,556Provision for loan and lease losses
  • $4,579Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,579Additional noninterest income
  • $24,752Total noninterest expense
  • $12,405Salaries and employee benefits
  • $4,098Premises and equipment expense
  • $8,249Additional noninterest expense
  • -$7,643Pre-tax net operating income
  • $0Securities gains (losses)
  • $24Applicable income taxes
  • -$7,667Income before extraordinary items
  • $0Extraordinary gains - net
  • -$7,667Net income attributable to bank
  • $0Net charge-offs
  • -$7,667Cash dividends
  • $12,144Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.32%Yield on earning assets
  • 1.35%Cost of funding earning assets
  • 2.97%Net interest margin
  • 0.64%Noninterest income to earning assets
  • 3.49%Noninterest expense to earning assets
  • -0.95%Net operating income to assets
  • -0.95%Return on assets (ROA)
  • -0.95%Pretax return on assets
  • -11.02%Return on equity (ROE)
  • -11.02%Retained earnings to average equity (YTD only)
  • 2.10%Net charge-offs to loans
  • 70.45%Credit loss provision to net charge-offs
  • 0.08%Efficiency ratio
  • 96,443Assets per employee
  • 4.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.63%Loss allowance to noncurrent loans
  • 52.76%Noncurrent assets plus other real estate owned to assets
  • 4.79%Noncurrent loans to loans
  • 4.99%Net loans and leases to deposits
  • 79.72%Net loans and leases to core deposits
  • 82.57%Equity capital to assets
  • 8.14%Core capital (leverage) ratio
  • 8.23%Tier 1 risk-based capital ratio
  • 11.25%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $803,154Average earning assets
  • $69,602Average equity
  • $709,944Average loans

List of branches

  • 17 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    041069Park View Federal Savings Bank30000 Aurora Road, Solon, OH 44139January 01, 1920Full Service Brick and Mortar
    42657542111 Richmond Road Branch2111 Richmond Road, Beachwood, OH 44122January 01, 1920Full Service Brick and Mortar
    626575611010 Clifton Blvd Branch11010 Clifton Blvd, Cleveland, OH 44102January 01, 1920Full Service Brick and Mortar
    108265760Mentor Branch6990 Heisley Road, Mentor, OH 44060June 30, 1988Full Service Brick and Mortar
    109265761Macedonia Branch497 East Aurora Road, Macedonia, OH 44056December 05, 1994Full Service Brick and Mortar
    110265762Bainbrridge Branch8500 Washington Street, Chagrin Falls, OH 44023Febuary 06, 1995Full Service Brick and Mortar
    111265763Water Street Branch408 Water Street, Chardon, OH 44024Febuary 17, 1998Full Service Brick and Mortar
    112359176Medina Road Branch3613 Medina Road, Medina, OH 44256December 10, 1999Full Service Brick and Mortar
    1134644951244 Som Center Road1244 Som Center Road, Mayfield Heights, OH 44124June 14, 2004Full Service Brick and Mortar
    114464496413 Northfield Road413 Northfield Road, Bedford, OH 44146July 01, 2003Full Service Brick and Mortar
    11546449717780 Pearl Road17780 Pearl Road, Strongsville, OH 44136July 25, 2002Full Service Brick and Mortar
    117464499215 West Garfield Road215 West Garfield Road, Aurora, OH 44202December 15, 2004Full Service Brick and Mortar
    1184645009305 Market Square Drive9305 Market Square Drive, Streetsboro, OH 44241December 15, 2003Full Service Brick and Mortar
    11946450116909 Chagrin Blvd16909 Chagrin Blvd, Cleveland, OH 44120December 30, 2000Full Service Brick and Mortar
    12046450236311 Detroit Road36311 Detroit Road, Avon, OH 44011September 05, 2002Full Service Brick and Mortar
    12146450313901 Ridge Road13901 Ridge Road, North Royalton, OH 44133December 30, 1999Full Service Brick and Mortar
    122495181Twinsburg Branch10071 Darrow Road, Twinsburg, OH 44087August 17, 2000Full Service Brick and Mortar

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