Peoples Federal Savings and Loan Association in Massillon, Ohio (OH)



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Peoples Federal Savings and Loan Association
GeneralFDIC Certificate #: 30110
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: First National Bank (#6667)
Federal Reserve ID: 989271
Date Established: January 01, 1892
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
OTS Docket #: 4768
FDIC's unique #: 42944
Numeric code: 37
Regulator: OTS
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
FDIC Insured: Yes
SAIF Insured: Yes
Insured Savings Institution: Yes
State Chartered: No
Date of Deposit Insurance: January 09, 1943
Last Structure Change Effective Date: April 03, 2002
Last Structure Change Process Date: April 16, 2002
Last Data Update: April 16, 2002
Data Source Date: April 05, 2012
LocationAddress: 211 Lincoln Way East, Massillon, OH 44646
County: Stark
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): Canton-Massillon, OH (#1320)
Core Based Statistical Area (CBSA): Canton-Massillon, OH (#15940)
CBSA Metro Statistical Area: Canton-Massillon, OH (#15940)
Financial SummaryTotal assets: $103.3 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, 2001)
(Dollar figures in thousands)
Total employees (full-time equivalent)25
Total assets$106,174
Cash and due from depository institutions$11,763
Interest-bearing balances$11,496
Securities$7,230
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$84,148
Loan loss allowance $242
Trading account assets$0
Bank premises and fixed assets$1,521
Other real estate owned$0
Goodwill and other intangibles$0
All other assets$1,512
Life insurance assets$0
Total liabilities and capital$106,174
Total liabilities$96,335
Total deposits$76,374
Interest-bearing deposits$74,131
Deposits held in domestic offices$76,374
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $19,000
Subordinated debt $0
All other liabilities $961
Total equity capital$9,839
Total bank equity capital$9,839
Perpetual preferred stock$9,839
Common stock$0
Surplus$0
Undivided profits $6,744
Memoranda
Noncurrent loans and leases $3,095
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $7,357
Income earned, not collected on loans $0
Earning assets $443
Long-term assets (5+ years) $0
Average Assets, year-to-date $317
Average Assets, quarterly $102,874
Volatile liabilities $0
Insider loans $105,837
FHLB advances $107,536
Loans and leases held for sale $28,037
Unused loan commitments $335
Tier 1 (core) risk-based capital $19,000
Tier 2 risk-based capital $0
Total risk weighted assets $0
Total unused commitments $7,357
Restructured Loans and leases $0
Derivatives$341
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Income and Expense (December 31, 2001)
(Dollar figures in thousands)
Total interest income $7,600
Total interest expense $4,883
Net interest income $2,717
Provision for loan and lease losses $12
Total noninterest income $241
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $241
Total noninterest expense $2,505
Salaries and employee benefits $1,200
Premises and equipment expense $538
Additional noninterest expense $767
Pre-tax net operating income $441
Securities gains (losses) $377
Applicable income taxes $287
Income before extraordinary items $531
Extraordinary gains - net $0
Net income attributable to bank $531
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $8
Net operating income $0
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Performance and Condition Ratios (December 31, 2001)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets7.42%
Cost of funding earning assets 4.77%
Net interest margin 2.65%
Noninterest income to earning assets 0.24%
Noninterest expense to earning assets 2.45%
Net operating income to assets 0.27%
Return on assets (ROA) 0.50%
Pretax return on assets 0.77%
Return on equity (ROE) 5.48%
Retained earnings to average equity (YTD only) 5.48%
Net charge-offs to loans 0.01%
Credit loss provision to net charge-offs 150.00%
Efficiency ratio56.63%
Assets per employee$84,686
Cash dividends to net income (YTD only)4.25%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 0.29%
Noncurrent assets plus other real estate owned to assets 54.63%
Noncurrent loans to loans 0.42%
Net loans and leases to deposits0.52%
Net loans and leases to core deposits 110.18%
Equity capital to assets 124.97%
Core capital (leverage) ratio 9.27%
Tier 1 risk-based capital ratio 9.12%
Total risk-based capital ratio 16.43%
Memoranda
Average assets$17
Average earning assets$105,837
Average equity $9,698
Average loans $102,392
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