FDIC Certificate #: 30281 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sky Bank (#5982) Federal Reserve ID: 262273 Date Established: January 01, 1891 WWW:http://www.perpetualsavings.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) OTS Docket #: 5103 FDIC's unique #: 43115 Numeric code: 13 Regulator: FED Insurance Fund Membership: Deposit Insurance Fund (DIF) Insured commercial Banks: Yes FDIC Insured: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: December 22, 1982 Last Structure Change Effective Date: December 09, 2006 Last Structure Change Process Date: December 18, 2006 Last Data Update: December 18, 2006 Data Source Date: April 05, 2012
Location
Address: 464 Main Street, Wellsville, OH 43968 County: Columbiana 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): Youngstown-Warren, OH (#9320) Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566) Core Based Statistical Area (CBSA): East Liverpool-Salem, OH (#20620) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $74.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2005)
Dollar figures in thousands
32Total employees (full-time equivalent)
$73,865Total assets
$2,175Cash and due from depository institutions
$597Interest-bearing balances
$17,770Securities
$0Federal funds sold & reverse repurchase agreements
$50,493Net loans & leases
$536Loan loss allowance
$0Trading account assets
$2,263Bank premises and fixed assets
$79Other real estate owned
$273Goodwill and other intangibles
$0Life insurance assets
$812All other assets
$73,865Total liabilities and capital
$67,527Total liabilities
$60,497Total deposits
$56,494Interest-bearing deposits
$60,497Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$6,916Other borrowed funds
$0Subordinated debt
$114All other liabilities
$6,338Total equity capital
$6,338Total bank equity capital
$6,338Perpetual preferred stock
$0Common stock
$2,000Surplus
$0Undivided profits
Memoranda
$4,338Noncurrent loans and leases
$3,963Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$875Earning assets
$0Long-term assets (5+ years)
$353Average Assets, year-to-date
$68,860Average Assets, quarterly
$21,448Volatile liabilities
$72,550Insider loans
$73,842FHLB advances
$8,383Loans and leases held for sale
$321Unused loan commitments
$6,916Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,963Total unused commitments
$26Restructured Loans and leases
$536Derivatives
Income and Expense (December 31, 2005)
Dollar figures in thousands
$4,126Total interest income
$1,710Total interest expense
$2,416Net interest income
$227Provision for loan and lease losses
$401Total noninterest income
$0Fiduciary activities
$158Service charges on deposit accounts
$0Trading account gains & fees
$243Additional noninterest income
$2,151Total noninterest expense
$1,239Salaries and employee benefits
$317Premises and equipment expense
$595Additional noninterest expense
$439Pre-tax net operating income
$26Securities gains (losses)
$0Applicable income taxes
$465Income before extraordinary items
$0Extraordinary gains - net
$465Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$3Sale, conversion, retirement of capital stock, net
$190Net operating income
Performance and Condition Ratios (December 31, 2005)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.06%Yield on earning assets
2.51%Cost of funding earning assets
3.55%Net interest margin
0.59%Noninterest income to earning assets
3.16%Noninterest expense to earning assets
0.61%Net operating income to assets
0.64%Return on assets (ROA)
0.64%Pretax return on assets
7.19%Return on equity (ROE)
4.25%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
7566.67%Credit loss provision to net charge-offs
222.00%Efficiency ratio
76,358Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
40.86%Loss allowance to loans
1.05%Loss allowance to noncurrent loans
61.26%Noncurrent assets plus other real estate owned to assets
1.29%Noncurrent loans to loans
1.71%Net loans and leases to deposits
83.46%Net loans and leases to core deposits
96.33%Equity capital to assets
8.58%Core capital (leverage) ratio
8.42%Tier 1 risk-based capital ratio
12.03%Total risk-based capital ratio
Memoranda
$13Average assets
$72,550Average earning assets
$6,468Average equity
$68,093Average loans
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