Peoples National Bank in Wooster, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of March 23, 1998

Peoples National Bank in Wooster, Ohio (OH)
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Peoples National Bank - Overview

General
FDIC Certificate #: 32620
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Firstmerit Bank, National Association (#13675)
Federal Reserve ID: 819976
Date Established: October 21, 1988
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 5 (Interstate: No)
OTS Docket #: 8536
FDIC's unique #: 45454
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
SAIF Insured: Yes
State Chartered: No
Date of Deposit Insurance: October 21, 1988
Last Structure Change Effective Date: March 23, 1998
Last Structure Change Process Date: April 06, 1998
Last Data Update: April 06, 1998
Data Source Date: April 05, 2012
Location
Address: 121 North Market Street, Wooster, OH 44691
County: Wayne
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
Core Based Statistical Area (CBSA): Wooster, OH (#49300)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $151.5 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)

Dollar figures in thousands
40Total employees (full-time equivalent)
$151,484Total assets
$9,621Cash and due from depository institutions
$31Interest-bearing balances
$34,412Securities
$0Federal funds sold & reverse repurchase agreements
$103,325Net loans & leases
$2,137Loan loss allowance
$0Trading account assets
$2,303Bank premises and fixed assets
$0Other real estate owned
$254Goodwill and other intangibles
$0Life insurance assets
$1,569All other assets
$151,484Total liabilities and capital
$138,574Total liabilities
$94,934Total deposits
$84,424Interest-bearing deposits
$94,934Deposits held in domestic offices
0.00%% insured (estimated)
$39,225Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$4,415All other liabilities
$12,910Total equity capital
$12,910Total bank equity capital
$12,910Perpetual preferred stock
$0Common stock
$5,000Surplus
$6,000Undivided profits
Memoranda
$1,910Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,769Earning assets
$0Long-term assets (5+ years)
$774Average Assets, year-to-date
$137,768Average Assets, quarterly
$27,013Volatile liabilities
$151,804Insider loans
$150,149FHLB advances
$48,484Loans and leases held for sale
$558Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$21,266Total unused commitments
$0Restructured Loans and leases
$116,761Derivatives

Income and Expense (December 31, 1997)

Dollar figures in thousands
$11,894Total interest income
$5,565Total interest expense
$6,329Net interest income
$626Provision for loan and lease losses
$1,762Total noninterest income
$223Fiduciary activities
$367Service charges on deposit accounts
$0Trading account gains & fees
$1,172Additional noninterest income
$6,401Total noninterest expense
$1,655Salaries and employee benefits
$683Premises and equipment expense
$4,063Additional noninterest expense
$1,064Pre-tax net operating income
-$2Securities gains (losses)
$376Applicable income taxes
$686Income before extraordinary items
$0Extraordinary gains - net
$686Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$809Sale, conversion, retirement of capital stock, net
$6,000Net operating income

Performance and Condition Ratios (December 31, 1997)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.35%Yield on earning assets
3.91%Cost of funding earning assets
4.45%Net interest margin
1.24%Noninterest income to earning assets
4.50%Noninterest expense to earning assets
0.45%Net operating income to assets
0.45%Return on assets (ROA)
0.70%Pretax return on assets
3.97%Return on equity (ROE)
-30.76%Retained earnings to average equity (YTD only)
0.75%Net charge-offs to loans
77.38%Credit loss provision to net charge-offs
2.09%Efficiency ratio
77,506Assets per employee
3.79%Cash dividends to net income (YTD only)
Condition Ratios (%)
874.64%Loss allowance to loans
2.03%Loss allowance to noncurrent loans
120.80%Noncurrent assets plus other real estate owned to assets
1.17%Noncurrent loans to loans
1.68%Net loans and leases to deposits
108.84%Net loans and leases to core deposits
120.60%Equity capital to assets
8.52%Core capital (leverage) ratio
8.85%Tier 1 risk-based capital ratio
11.03%Total risk-based capital ratio
Memoranda
$12Average assets
$151,804Average earning assets
$17,278Average equity
$142,375Average loans

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