State Savings Bank in Columbus, Ohio (OH)



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State Savings Bank
GeneralFDIC Certificate #: 30489
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Fifth Third Bank of Columbus (#26321)
Federal Reserve ID: 400879
Date Established: January 01, 1900
Bank Charter Class: Savings banks, state charter, supervised by the FDIC
Offices: 36 (Interstate: No)
OTS Docket #: 5434
FDIC's unique #: 43323
Numeric code: 41
Regulator: FDIC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
FDIC Insured: Yes
Insured Savings Institution: Yes
Oakar Institutions: Yes
State Chartered: Yes
Date of Deposit Insurance: June 06, 1951
Last Structure Change Effective Date: June 20, 1998
Last Structure Change Process Date: July 10, 1998
Last Data Update: July 10, 1998
Data Source Date: April 05, 2012
LocationAddress: 20 East Broad Street, Columbus, OH 43215
County: Franklin
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): Columbus, OH (#1840)
Combined Statistical Area (CSA): Columbus-Marion-Chillicothe, OH (#198)
Core Based Statistical Area (CBSA): Columbus, OH (#18140)
CBSA Metro Statistical Area: Columbus, OH (#18140)
Financial SummaryTotal assets: $2,116.0 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1997)
(Dollar figures in thousands)
Total employees (full-time equivalent)613
Total assets$2,079,039
Cash and due from depository institutions$35,143
Interest-bearing balances$345
Securities$452,104
Federal funds sold & reverse repurchase agreements$82,000
Net loans & leases$1,469,203
Loan loss allowance $23,060
Trading account assets$0
Bank premises and fixed assets$12,751
Other real estate owned$2,412
Goodwill and other intangibles$320
All other assets$25,106
Life insurance assets$0
Total liabilities and capital$2,079,039
Total liabilities$1,927,029
Total deposits$1,778,666
Interest-bearing deposits$1,664,084
Deposits held in domestic offices$1,778,666
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $107,231
Subordinated debt $0
All other liabilities $41,132
Total equity capital$152,010
Total bank equity capital$152,010
Perpetual preferred stock$152,010
Common stock$0
Surplus$600
Undivided profits $122,080
Memoranda
Noncurrent loans and leases $29,330
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $0
Earning assets $17,923
Long-term assets (5+ years) $0
Average Assets, year-to-date $7,929
Average Assets, quarterly $2,003,652
Volatile liabilities $435,965
Insider loans $2,039,744
FHLB advances $2,091,392
Loans and leases held for sale $138,795
Unused loan commitments $1,296
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $15,565
Total unused commitments $277,899
Restructured Loans and leases $0
Derivatives$1,250,708
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Income and Expense (December 31, 1997)
(Dollar figures in thousands)
Total interest income $164,177
Total interest expense $88,348
Net interest income $75,829
Provision for loan and lease losses $1,259
Total noninterest income $10,760
Fiduciary activities $0
Service charges on deposit accounts $3,704
Trading account gains & fees $0
Additional noninterest income $7,056
Total noninterest expense $45,582
Salaries and employee benefits $21,467
Premises and equipment expense $6,389
Additional noninterest expense $17,726
Pre-tax net operating income $39,748
Securities gains (losses) -$187
Applicable income taxes $13,969
Income before extraordinary items $25,592
Extraordinary gains - net $0
Net income attributable to bank $25,592
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net -$377
Net operating income $40,000
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Performance and Condition Ratios (December 31, 1997)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets8.39%
Cost of funding earning assets 4.52%
Net interest margin 3.88%
Noninterest income to earning assets 0.55%
Noninterest expense to earning assets 2.33%
Net operating income to assets 1.26%
Return on assets (ROA) 1.25%
Pretax return on assets 1.94%
Return on equity (ROE) 15.17%
Retained earnings to average equity (YTD only) -8.54%
Net charge-offs to loans -0.03%
Credit loss provision to net charge-offs -333.95%
Efficiency ratio0.00%
Assets per employee$52,521
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 156.30%
Loss allowance to noncurrent loans 1.55%
Noncurrent assets plus other real estate owned to assets 128.66%
Noncurrent loans to loans 0.98%
Net loans and leases to deposits1.20%
Net loans and leases to core deposits 82.60%
Equity capital to assets 89.05%
Core capital (leverage) ratio 7.31%
Tier 1 risk-based capital ratio 6.97%
Total risk-based capital ratio 11.71%
Memoranda
Average assets$13
Average earning assets$2,039,744
Average equity $168,692
Average loans $1,956,165
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