Signal Bank, National Association in Wooster, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of Febuary 12, 1999

  • Signal Bank, National Association in Wooster, Ohio (OH)
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Signal Bank, National Association - Overview

  • General
  • FDIC Certificate #: 29410
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 173678
    Date Established: January 01, 1905
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 26 (Interstate: No)
    OTS Docket #: 3411
    FDIC's unique #: 42244
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    SAIF Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: September 19, 1935
    Last Structure Change Effective Date: Febuary 12, 1999
    Last Structure Change Process Date: May 12, 1999
    Last Data Update: May 12, 1999
    Data Source Date: April 05, 2012
  • Location
  • Address: 135 East Liberty Street, Wooster, OH 44691
    County: Wayne
    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
    Core Based Statistical Area (CBSA): Wooster, OH (#49300)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $1,491.7 mil

1992 - 1999 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, 1998)

  • Dollar figures in thousands
  • 364Total employees (full-time equivalent)
  • $1,491,736Total assets
  • $69,396Cash and due from depository institutions
  • $30,495Interest-bearing balances
  • $236,734Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $1,061,305Net loans & leases
  • $4,859Loan loss allowance
  • $4,956Trading account assets
  • $12,807Bank premises and fixed assets
  • $238Other real estate owned
  • $36,239Goodwill and other intangibles
  • $0Life insurance assets
  • $70,061All other assets
  • $1,491,736Total liabilities and capital
  • $1,376,118Total liabilities
  • $998,561Total deposits
  • $938,788Interest-bearing deposits
  • $998,561Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $62,708Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $219,776Other borrowed funds
  • $53,750Subordinated debt
  • $41,323All other liabilities
  • $115,618Total equity capital
  • $115,618Total bank equity capital
  • $115,618Perpetual preferred stock
  • $0Common stock
  • $1,049Surplus
  • $52,125Undivided profits
  • Memoranda
  • $62,444Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $6,283Earning assets
  • $0Long-term assets (5+ years)
  • $8,090Average Assets, year-to-date
  • $1,333,490Average Assets, quarterly
  • $780,205Volatile liabilities
  • $1,417,101Insider loans
  • $1,476,929FHLB advances
  • $418,171Loans and leases held for sale
  • $26Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $32,615Total risk weighted assets
  • $184,386Total unused commitments
  • $0Restructured Loans and leases
  • $1,398,448Derivatives

Income and Expense (December 31, 1998)

  • Dollar figures in thousands
  • $97,231Total interest income
  • $65,221Total interest expense
  • $32,010Net interest income
  • $2,565Provision for loan and lease losses
  • $22,838Total noninterest income
  • $0Fiduciary activities
  • $3,834Service charges on deposit accounts
  • $0Trading account gains & fees
  • $19,004Additional noninterest income
  • $39,088Total noninterest expense
  • $14,961Salaries and employee benefits
  • $5,857Premises and equipment expense
  • $18,270Additional noninterest expense
  • $13,195Pre-tax net operating income
  • $3,893Securities gains (losses)
  • $5,812Applicable income taxes
  • $11,276Income before extraordinary items
  • -$7,810Extraordinary gains - net
  • $3,466Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $2,213Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1998)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.62%Yield on earning assets
  • 5.11%Cost of funding earning assets
  • 2.51%Net interest margin
  • 1.79%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.61%Net operating income to assets
  • 0.24%Return on assets (ROA)
  • 0.65%Pretax return on assets
  • 2.97%Return on equity (ROE)
  • 2.97%Retained earnings to average equity (YTD only)
  • 0.23%Net charge-offs to loans
  • 115.91%Credit loss provision to net charge-offs
  • 7.12%Efficiency ratio
  • 67,204Assets per employee
  • 4.10%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.46%Loss allowance to noncurrent loans
  • 77.34%Noncurrent assets plus other real estate owned to assets
  • 0.44%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 106.28%Net loans and leases to core deposits
  • 133.25%Equity capital to assets
  • 7.75%Core capital (leverage) ratio
  • 6.31%Tier 1 risk-based capital ratio
  • 6.62%Total risk-based capital ratio
  • Memoranda
  • $10Average assets
  • $1,417,101Average earning assets
  • $116,652Average equity
  • $1,275,371Average loans

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