Portage Community Bank in Ravenna, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


Portage Community Bank - Overview

  • General
  • FDIC Certificate #: 34760
    Status: Active
    Federal Reserve ID: 2668598
    Bank Holding Company (Regulatory Top Holder): Portage Bancshares, Inc. (RSSDID: 2668589, Location: Ravenna, OH)
    Date Established: July 01, 1998
    WWW: http://www.pcbbank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 2 (Domestic: 2, Interstate: No)
    FDIC's unique #: 61532
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: Commercial Lending Specialization
    Date of Deposit Insurance: July 01, 1998
    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: 1311 East Main Street, Ravenna, OH 44266
    County: Portage
    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: $268.4 mil
    Equity capital: $23.1 mil
    Deposits held in domestic offices: $228.2 mil
    Return on assets (ROA): 0.58% ($1.6 mil)
    Quarterly return on assets: 1.32% ($3.5 mil)
    Return on Equity (ROE): 6.91% ($1.6 mil)
    Quarterly return on equity: 15.80% ($3.6 mil)
    Net income: $1.5 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 0.79% ($2,120.7 mil)
    Quarterly Pretax return on assets: 1.92% ($5,154.1 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
  • 52Total employees (full-time equivalent)
  • $268,442Total assets
  • $22,880Cash and due from depository institutions
  • $19,358Interest-bearing balances
  • $55,298Securities
  • $72Federal funds sold & reverse repurchase agreements
  • $175,620Net loans & leases
  • $3,389Loan loss allowance
  • $0Trading account assets
  • $4,098Bank premises and fixed assets
  • $643Other real estate owned
  • $70Goodwill and other intangibles
  • $268,442Life insurance assets
  • $9,761All other assets
  • $245,335Total liabilities and capital
  • $228,172Total liabilities
  • $202,878Total deposits
  • $228,172Interest-bearing deposits
  • $91Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $15,637Trading liabilities
  • $0Other borrowed funds
  • $1,526Subordinated debt
  • $23,107All other liabilities
  • $23,107Total equity capital
  • $23,107Total bank equity capital
  • $0Perpetual preferred stock
  • $2,000Common stock
  • $10,121Surplus
  • $10,986Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $266Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,241Income earned, not collected on loans
  • $0Earning assets
  • $801Long-term assets (5+ years)
  • $250,348Average Assets, year-to-date
  • $96,165Average Assets, quarterly
  • $261,015Volatile liabilities
  • $271,632Insider loans
  • $179,466FHLB advances
  • $270,136Loans and leases held for sale
  • $5,413Unused loan commitments
  • $2,434Tier 1 (core) risk-based capital
  • $22,588Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,979Total unused commitments
  • $33,858Restructured Loans and leases
  • $816Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $11,327Total interest income
  • $2,595Total interest expense
  • $8,732Net interest income
  • $1,543Provision for loan and lease losses
  • $875Total noninterest income
  • $0Fiduciary activities
  • $208Service charges on deposit accounts
  • $0Trading account gains & fees
  • $667Additional noninterest income
  • $6,103Total noninterest expense
  • $3,442Salaries and employee benefits
  • $364Premises and equipment expense
  • $2,297Additional noninterest expense
  • $1,961Pre-tax net operating income
  • $112Securities gains (losses)
  • $556Applicable income taxes
  • $1,517Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,517Net income attributable to bank
  • $0Net charge-offs
  • $1,517Cash dividends
  • $741Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.63%Yield on earning assets
  • 1.06%Cost of funding earning assets
  • 3.57%Net interest margin
  • 0.36%Noninterest income to earning assets
  • 2.50%Noninterest expense to earning assets
  • 0.55%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.79%Pretax return on assets
  • 6.91%Return on equity (ROE)
  • 6.91%Retained earnings to average equity (YTD only)
  • 0.41%Net charge-offs to loans
  • 208.23%Credit loss provision to net charge-offs
  • 4.73%Efficiency ratio
  • 63,527Assets per employee
  • 5.16%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 1.89%Loss allowance to noncurrent loans
  • 79.91%Noncurrent assets plus other real estate owned to assets
  • 1.82%Noncurrent loans to loans
  • 2.37%Net loans and leases to deposits
  • 76.97%Net loans and leases to core deposits
  • 88.57%Equity capital to assets
  • 8.61%Core capital (leverage) ratio
  • 8.36%Tier 1 risk-based capital ratio
  • 12.59%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $261,015Average earning assets
  • $21,947Average equity
  • $244,455Average loans

List of branches

  • 2 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061532Portage Community Bank1311 East Main Street, Ravenna, OH 44266July 01, 1998Full Service Brick and Mortar
    1465910Kent Office1532 South Water Street, Kent, OH 44240July 26, 2006Full Service Brick and Mortar

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