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)
  • Show street view No street view available for this location

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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