Society Bank & Trust in Toledo, Ohio (OH)

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Society Bank & Trust
GeneralFDIC Certificate #: 777
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: KeyBank National Association (#17534)
Federal Reserve ID: 525820
Date Established: May 06, 1868
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 69 (Interstate: No)
FDIC's unique #: 498
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: August 23, 1993
Last Structure Change Process Date: October 07, 1993
Last Data Update: October 07, 1993
Data Source Date: April 05, 2012
LocationAddress: #3 Seagate, Toledo, OH 43603
County: Lucas
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): Toledo, OH (#8400)
Combined Statistical Area (CSA): Toledo-Fremont, OH (#534)
Core Based Statistical Area (CBSA): Toledo, OH (#45780)
CBSA Metro Statistical Area: Toledo, OH (#45780)
Financial SummaryTotal assets: $2,282.7 mil
Assets and Liabilities (December 31, 1992)
(Dollar figures in thousands)
Total employees (full-time equivalent)0
Total assets$912
Cash and due from depository institutions$2,375,868
Interest-bearing balances$123,846
Federal funds sold & reverse repurchase agreements$663,875
Net loans & leases$40,000
Loan loss allowance $1,390,536
Trading account assets$37,504
Bank premises and fixed assets$0
Other real estate owned$71,593
Goodwill and other intangibles$17,798
All other assets$15,731
Life insurance assets$52,489
Total liabilities and capital$0
Total liabilities$2,375,868
Total deposits$2,185,822
Interest-bearing deposits$1,953,208
Deposits held in domestic offices$1,646,418
% insured (estimated)1953208.00%
Federal funds purchased & repurchase agreements $88
Trading liabilities$160,491
Other borrowed funds $0
Subordinated debt $53,084
All other liabilities $0
Total equity capital$19,039
Total bank equity capital$19,039
Perpetual preferred stock$190,046
Common stock$0
Undivided profits $89,315
Noncurrent loans and leases $86,331
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $19,989
Earning assets $9,162
Long-term assets (5+ years) $2,098,411
Average Assets, year-to-date $402,566
Average Assets, quarterly $2,413,190
Volatile liabilities $2,358,687
Insider loans $279,086
FHLB advances $32
Loans and leases held for sale $0
Unused loan commitments $0
Tier 1 (core) risk-based capital $783,416
Tier 2 risk-based capital $0
Total risk weighted assets $174,315
Total unused commitments $1,881,208
Restructured Loans and leases $0
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Income and Expense (December 31, 1992)
(Dollar figures in thousands)
Total interest income $0
Total interest expense $203,866
Net interest income $82,186
Provision for loan and lease losses $121,680
Total noninterest income $10,640
Fiduciary activities $41,406
Service charges on deposit accounts $17,255
Trading account gains & fees $10,840
Additional noninterest income $115
Total noninterest expense $13,196
Salaries and employee benefits $110,626
Premises and equipment expense $30,836
Additional noninterest expense $13,933
Pre-tax net operating income $65,857
Securities gains (losses) $41,820
Applicable income taxes $260
Income before extraordinary items $13,346
Extraordinary gains - net $28,734
Net income attributable to bank $0
Net charge-offs $28,734
Cash dividends $13,160
Sale, conversion, retirement of capital stock, net $27,351
Net operating income $0
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Performance and Condition Ratios (December 31, 1992)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets0.00%
Cost of funding earning assets 9.51%
Net interest margin 3.83%
Noninterest income to earning assets 5.68%
Noninterest expense to earning assets 1.93%
Net operating income to assets 5.16%
Return on assets (ROA) 1.18%
Pretax return on assets 1.19%
Return on equity (ROE) 1.74%
Retained earnings to average equity (YTD only) 15.14%
Net charge-offs to loans 0.73%
Credit loss provision to net charge-offs 0.88%
Efficiency ratio80.85%
Assets per employee$65,538
Cash dividends to net income (YTD only)2.61%
Condition Ratios (%)
Loss allowance to loans 95.19%
Loss allowance to noncurrent loans 2.63%
Noncurrent assets plus other real estate owned to assets 187.62%
Noncurrent loans to loans 1.59%
Net loans and leases to deposits1.40%
Net loans and leases to core deposits 71.19%
Equity capital to assets 74.06%
Core capital (leverage) ratio 8.00%
Tier 1 risk-based capital ratio 7.45%
Total risk-based capital ratio 9.27%
Average assets$11
Average earning assets$2,413,190
Average equity $189,784
Average loans $2,143,854
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