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- Banks in Ohio (OH)
- ShoreBank
ShoreBank in Cleveland, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of September 30, 2005
- ShoreBank in Cleveland, Ohio (OH)
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ShoreBank - Overview
- General
- FDIC Certificate #: 753
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: ShoreBank (#15640)
Federal Reserve ID: 2190521
Date Established: March 31, 1902
WWW: http://www.shorebankcleveland.com
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 1 (Interstate: No)
OTS Docket #: 13775
FDIC's unique #: 479
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: September 30, 2005
Last Structure Change Process Date: October 12, 2005
Last Data Update: October 12, 2005
Data Source Date: April 05, 2012 - Location
- Address: 540 East 105th Street, Cleveland, OH 44108
County: Cuyahoga
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): Cleveland-Lorain-Elyria, OH (#1680)
Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460) - Financial Summary
- Total assets: $65.4 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2004)
- Dollar figures in thousands
- 13Total employees (full-time equivalent)
- $67,874Total assets
- $454Cash and due from depository institutions
- $22Interest-bearing balances
- $33,367Securities
- $0Federal funds sold & reverse repurchase agreements
- $32,488Net loans & leases
- $604Loan loss allowance
- $0Trading account assets
- $111Bank premises and fixed assets
- $63Other real estate owned
- $0Goodwill and other intangibles
- $0Life insurance assets
- $1,391All other assets
- $67,874Total liabilities and capital
- $60,987Total liabilities
- $53,821Total deposits
- $53,460Interest-bearing deposits
- $53,821Deposits held in domestic offices
- 0.00%% insured (estimated)
- $368Federal funds purchased & repurchase agreements
- $0Trading liabilities
- $6,372Other borrowed funds
- $0Subordinated debt
- $426All other liabilities
- $6,887Total equity capital
- $6,887Total bank equity capital
- $6,887Perpetual preferred stock
- $0Common stock
- $1,740Surplus
- $6,410Undivided profits
- Memoranda
- $-1,263Noncurrent loans and leases
- $4,881Noncurrent loans that are wholly or partially guaranteed by the U.S. government
- $0Income earned, not collected on loans
- $1,434Earning assets
- $237Long-term assets (5+ years)
- $492Average Assets, year-to-date
- $65,877Average Assets, quarterly
- $21,010Volatile liabilities
- $67,414Insider loans
- $68,237FHLB advances
- $47,160Loans and leases held for sale
- $0Unused loan commitments
- $6,372Tier 1 (core) risk-based capital
- $0Tier 2 risk-based capital
- $0Total risk weighted assets
- $4,881Total unused commitments
- $0Restructured Loans and leases
- $477Derivatives
Income and Expense (December 31, 2004)
- Dollar figures in thousands
- $3,536Total interest income
- $1,149Total interest expense
- $2,387Net interest income
- $314Provision for loan and lease losses
- $263Total noninterest income
- $0Fiduciary activities
- $3Service charges on deposit accounts
- $0Trading account gains & fees
- $260Additional noninterest income
- $2,362Total noninterest expense
- $1,383Salaries and employee benefits
- $107Premises and equipment expense
- $872Additional noninterest expense
- -$26Pre-tax net operating income
- $89Securities gains (losses)
- $13Applicable income taxes
- $50Income before extraordinary items
- $0Extraordinary gains - net
- $50Net income attributable to bank
- $0Net charge-offs
- $0Cash dividends
- $420Sale, conversion, retirement of capital stock, net
- $0Net operating income
Performance and Condition Ratios (December 31, 2004)
- Dollar figures in thousands
- Performance Ratios (%, annualized)
- 5.42%Yield on earning assets
- 1.76%Cost of funding earning assets
- 3.66%Net interest margin
- 0.40%Noninterest income to earning assets
- 3.62%Noninterest expense to earning assets
- -0.03%Net operating income to assets
- 0.07%Return on assets (ROA)
- 0.09%Pretax return on assets
- 0.73%Return on equity (ROE)
- 0.73%Retained earnings to average equity (YTD only)
- 1.29%Net charge-offs to loans
- 74.76%Credit loss provision to net charge-offs
- 0.69%Efficiency ratio
- 89,132Assets per employee
- 5.22%Cash dividends to net income (YTD only)
- Condition Ratios (%)
- 0.00%Loss allowance to loans
- 1.83%Loss allowance to noncurrent loans
- 42.12%Noncurrent assets plus other real estate owned to assets
- 2.21%Noncurrent loans to loans
- 4.33%Net loans and leases to deposits
- 60.36%Net loans and leases to core deposits
- 462.20%Equity capital to assets
- 10.15%Core capital (leverage) ratio
- 10.41%Tier 1 risk-based capital ratio
- 18.76%Total risk-based capital ratio
- Memoranda
- $20Average assets
- $67,414Average earning assets
- $6,873Average equity
- $65,207Average loans
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- Banks in Ohio (OH)
- ShoreBank
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