Sky Bank in Salineville, Ohio (OH)



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Sky Bank
GeneralFDIC Certificate #: 14641
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sky Bank (#5982)
Federal Reserve ID: 449122
Date Established: May 09, 1902
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 108 (Interstate: No)
OTS Docket #: 10106
FDIC's unique #: 9155
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: August 13, 1934
Last Structure Change Effective Date: December 31, 2001
Last Structure Change Process Date: January 14, 2002
Last Data Update: January 14, 2002
Data Source Date: April 05, 2012
LocationAddress: 10 East Main Street, Salineville, OH 43945
County: Columbiana
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): Youngstown-Warren, OH (#9320)
Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
Core Based Statistical Area (CBSA): East Liverpool-Salem, OH (#20620)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $4,881.6 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, 2000)
(Dollar figures in thousands)
Total employees (full-time equivalent)1,028
Total assets$4,721,105
Cash and due from depository institutions$146,410
Interest-bearing balances$8,008
Securities$1,189,984
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$3,169,354
Loan loss allowance $47,381
Trading account assets$0
Bank premises and fixed assets$50,287
Other real estate owned$2,281
Goodwill and other intangibles$25,509
All other assets$137,280
Life insurance assets$0
Total liabilities and capital$4,721,105
Total liabilities$4,408,681
Total deposits$3,307,485
Interest-bearing deposits$3,094,657
Deposits held in domestic offices$3,307,485
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $477,173
Trading liabilities$0
Other borrowed funds $566,296
Subordinated debt $30,000
All other liabilities $27,727
Total equity capital$312,424
Total bank equity capital$312,424
Perpetual preferred stock$312,424
Common stock$68
Surplus$7,290
Undivided profits $108,645
Memoranda
Noncurrent loans and leases $196,421
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $407,784
Income earned, not collected on loans $0
Earning assets $18,771
Long-term assets (5+ years) $1,368
Average Assets, year-to-date $20,911
Average Assets, quarterly $4,367,346
Volatile liabilities $1,608,924
Insider loans $4,676,146
FHLB advances $4,711,474
Loans and leases held for sale $951,542
Unused loan commitments $23,138
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $2,635
Total unused commitments $407,784
Restructured Loans and leases $954
Derivatives$71,412
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Income and Expense (December 31, 2000)
(Dollar figures in thousands)
Total interest income $353,911
Total interest expense $178,806
Net interest income $175,105
Provision for loan and lease losses $11,838
Total noninterest income $35,676
Fiduciary activities $0
Service charges on deposit accounts $15,972
Trading account gains & fees $0
Additional noninterest income $19,704
Total noninterest expense $90,939
Salaries and employee benefits $35,081
Premises and equipment expense $10,745
Additional noninterest expense $45,113
Pre-tax net operating income $108,004
Securities gains (losses) -$2,999
Applicable income taxes $33,025
Income before extraordinary items $71,980
Extraordinary gains - net $0
Net income attributable to bank $71,980
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $11,139
Net operating income $106,000
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Performance and Condition Ratios (December 31, 2000)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.25%
Cost of funding earning assets 4.17%
Net interest margin 4.08%
Noninterest income to earning assets 0.83%
Noninterest expense to earning assets 2.12%
Net operating income to assets 1.58%
Return on assets (ROA) 1.54%
Pretax return on assets 2.25%
Return on equity (ROE) 21.68%
Retained earnings to average equity (YTD only) -10.25%
Net charge-offs to loans 0.36%
Credit loss provision to net charge-offs 106.28%
Efficiency ratio10.76%
Assets per employee$41,642
Cash dividends to net income (YTD only)4.59%
Condition Ratios (%)
Loss allowance to loans 147.26%
Loss allowance to noncurrent loans 1.47%
Noncurrent assets plus other real estate owned to assets 252.42%
Noncurrent loans to loans 0.41%
Net loans and leases to deposits0.58%
Net loans and leases to core deposits 95.82%
Equity capital to assets 106.75%
Core capital (leverage) ratio 6.62%
Tier 1 risk-based capital ratio 6.28%
Total risk-based capital ratio 8.83%
Memoranda
Average assets$11
Average earning assets$4,676,146
Average equity $331,987
Average loans $4,290,188
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