Progressive Bank, National Association-Bellaire in Bellaire, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 22, 1997

Progressive Bank, National Association-Bellaire in Bellaire, Ohio (OH)
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Progressive Bank, National Association-Bellaire - Overview

General
FDIC Certificate #: 13867
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Progressive Bank, National Association (#10002)
Federal Reserve ID: 239510
Date Established: Febuary 13, 1934
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 1 (Interstate: No)
FDIC's unique #: 8671
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: Febuary 13, 1934
Last Structure Change Effective Date: August 22, 1997
Last Structure Change Process Date: September 10, 1997
Last Data Update: September 10, 1997
Data Source Date: April 05, 2012
Location
Address: 426 34th Street, Bellaire, OH 43906
County: Belmont
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: Atlanta
FDIC Field Office: Columbus
Office of the Comptroller the Currency (OCC) District: Central
Office of Thrift Supervision Region: Central
Metropolitan Statistical Area (MSA): Wheeling, WV-OH (#9000)
Core Based Statistical Area (CBSA): Wheeling, WV-OH (#48540)
CBSA Metro Statistical Area: Wheeling, WV-OH (#48540)
Financial Summary
Total assets: $20.0 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

Dollar figures in thousands
0Total employees (full-time equivalent)
$9Total assets
$19,804Cash and due from depository institutions
$1,010Interest-bearing balances
$0Securities
$8,770Federal funds sold & reverse repurchase agreements
$1,162Net loans & leases
$8,313Loan loss allowance
$106Trading account assets
$0Bank premises and fixed assets
$354Other real estate owned
$0Goodwill and other intangibles
$195Life insurance assets
$0All other assets
$0Total liabilities and capital
$19,804Total liabilities
$18,255Total deposits
$18,152Interest-bearing deposits
$16,053Deposits held in domestic offices
18152.00%% insured (estimated)
$93Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$103Total equity capital
$103Total bank equity capital
$1,549Perpetual preferred stock
$37Common stock
$162Surplus
$628Undivided profits
Memoranda
$722Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$202Income earned, not collected on loans
$40Earning assets
$18,245Long-term assets (5+ years)
$4,765Average Assets, year-to-date
$19,038Average Assets, quarterly
$19,550Volatile liabilities
$615Insider loans
$455FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$165Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$1,564Total risk weighted assets
$8,355Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1996)

Dollar figures in thousands
$0Total interest income
$1,318Total interest expense
$562Net interest income
$756Provision for loan and lease losses
$12Total noninterest income
$85Fiduciary activities
$0Service charges on deposit accounts
$47Trading account gains & fees
$0Additional noninterest income
$38Total noninterest expense
$529Salaries and employee benefits
$249Premises and equipment expense
$69Additional noninterest expense
$211Pre-tax net operating income
$300Securities gains (losses)
$0Applicable income taxes
$91Income before extraordinary items
$209Extraordinary gains - net
$0Net income attributable to bank
$209Net charge-offs
$0Cash dividends
$52Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1996)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.52%Cost of funding earning assets
3.20%Net interest margin
4.31%Noninterest income to earning assets
0.48%Noninterest expense to earning assets
3.02%Net operating income to assets
1.10%Return on assets (ROA)
1.10%Pretax return on assets
1.58%Return on equity (ROE)
14.25%Retained earnings to average equity (YTD only)
10.71%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
62,901Assets per employee
2.20%Cash dividends to net income (YTD only)
Condition Ratios (%)
24.88%Loss allowance to loans
1.26%Loss allowance to noncurrent loans
52.48%Noncurrent assets plus other real estate owned to assets
1.02%Noncurrent loans to loans
2.40%Net loans and leases to deposits
45.80%Net loans and leases to core deposits
47.40%Equity capital to assets
7.82%Core capital (leverage) ratio
7.96%Tier 1 risk-based capital ratio
18.72%Total risk-based capital ratio
Memoranda
$20Average assets
$19,038Average earning assets
$1,467Average equity
$17,536Average loans

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