Sutton Bank in Attica, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

Sutton Bank - Overview

  • General
  • FDIC Certificate #: 5962
    Status: Active
    Federal Reserve ID: 110413
    Bank Holding Company (Regulatory Top Holder): Sutton Bancshares, Inc. (RSSDID: 1134500, Location: Attica, OH)
    Date Established: January 01, 1878
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 8 (Domestic: 8, Interstate: No)
    OTS Docket #: 10214
    FDIC's unique #: 4045
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: Yes
    Subchapter S Corporations: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 3 South Main Street, Attica, OH 44807
    County: Seneca
    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
    Combined Statistical Area (CSA): Findlay-Tiffin, OH (#248)
    Core Based Statistical Area (CBSA): Tiffin, OH (#45660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $352.9 mil
    Equity capital: $35.1 mil
    Deposits held in domestic offices: $276.4 mil
    Return on assets (ROA): 1.19% ($4.2 mil)
    Quarterly return on assets: 1.06% ($3.7 mil)
    Return on Equity (ROE): 12.41% ($4.3 mil)
    Quarterly return on equity: 10.65% ($3.7 mil)
    Net income: $4.1 mil
    Quarterly Net income: $0.9 mil
    Pretax return on assets: 1.19% ($4,199.2 mil)
    Quarterly Pretax return on assets: 1.06% ($3,740.5 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, 2011)

  • Dollar figures in thousands
  • 89Total employees (full-time equivalent)
  • $352,878Total assets
  • $12,379Cash and due from depository institutions
  • $4,896Interest-bearing balances
  • $105,499Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $202,262Net loans & leases
  • $3,500Loan loss allowance
  • $0Trading account assets
  • $8,538Bank premises and fixed assets
  • $2,554Other real estate owned
  • $477Goodwill and other intangibles
  • $352,878Life insurance assets
  • $21,169All other assets
  • $317,753Total liabilities and capital
  • $276,450Total liabilities
  • $232,176Total deposits
  • $276,450Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 6658.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $33,746Trading liabilities
  • $0Other borrowed funds
  • $899Subordinated debt
  • $35,125All other liabilities
  • $35,125Total equity capital
  • $35,125Total bank equity capital
  • $0Perpetual preferred stock
  • $200Common stock
  • $5,385Surplus
  • $29,540Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $736Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $7,429Income earned, not collected on loans
  • $0Earning assets
  • $1,903Long-term assets (5+ years)
  • $312,657Average Assets, year-to-date
  • $80,709Average Assets, quarterly
  • $346,324Volatile liabilities
  • $350,361Insider loans
  • $247,840FHLB advances
  • $352,541Loans and leases held for sale
  • $8,210Unused loan commitments
  • $5,038Tier 1 (core) risk-based capital
  • $30,804Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $3,172Total unused commitments
  • $57,621Restructured Loans and leases
  • $90Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $15,885Total interest income
  • $3,915Total interest expense
  • $11,970Net interest income
  • $1,976Provision for loan and lease losses
  • $4,338Total noninterest income
  • $0Fiduciary activities
  • $1,007Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,331Additional noninterest income
  • $10,469Total noninterest expense
  • $5,488Salaries and employee benefits
  • $1,960Premises and equipment expense
  • $3,021Additional noninterest expense
  • $3,863Pre-tax net operating income
  • $252Securities gains (losses)
  • $0Applicable income taxes
  • $4,115Income before extraordinary items
  • $0Extraordinary gains - net
  • $4,115Net income attributable to bank
  • $0Net charge-offs
  • $4,115Cash dividends
  • $2,501Sale, conversion, retirement of capital stock, net
  • $1,810Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.15%Yield on earning assets
  • 1.27%Cost of funding earning assets
  • 3.88%Net interest margin
  • 1.41%Noninterest income to earning assets
  • 3.40%Noninterest expense to earning assets
  • 1.12%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.19%Pretax return on assets
  • 12.41%Return on equity (ROE)
  • 6.95%Retained earnings to average equity (YTD only)
  • 1.23%Net charge-offs to loans
  • 79.01%Credit loss provision to net charge-offs
  • 2.33%Efficiency ratio
  • 64,195Assets per employee
  • 3.96%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 43.99%Loss allowance to loans
  • 1.70%Loss allowance to noncurrent loans
  • 47.11%Noncurrent assets plus other real estate owned to assets
  • 2.83%Noncurrent loans to loans
  • 3.61%Net loans and leases to deposits
  • 73.16%Net loans and leases to core deposits
  • 82.70%Equity capital to assets
  • 9.95%Core capital (leverage) ratio
  • 8.74%Tier 1 risk-based capital ratio
  • 12.43%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $346,324Average earning assets
  • $33,153Average equity
  • $308,229Average loans

List of branches

  • 8 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04045Sutton Bank3 South Main Street, Attica, OH 44807January 01, 1878Full Service Brick and Mortar
    2208557Walton Street Branch301 Walton Street, Willard, OH 44890May 24, 1994Full Service Brick and Mortar
    3208558New London Branch51 Park Street, New London, OH 44851April 13, 1995Full Service Brick and Mortar
    4208559Sutton Bank Mortgage Branch2234 Village Mall Drive, Mansfield, OH 44906March 22, 1993Limited Service Loan Production
    6357456Ashland Claremont Branch1804 Claremont Avenue, Ashland, OH 44805Febuary 10, 2000Full Service Brick and Mortar
    8432335Mansfield Branch863 Lexington-Springmill Road, Mansfield, OH 44906September 27, 2004Full Service Brick and Mortar
    9463540East Main Street Branch1521 East Main Street, Ashland, OH 44805May 23, 2007Full Service Brick and Mortar
    10467323Lexington Avenue Branch595 Lexington Avenue, Mansfield, OH 44907July 30, 2007Full Service Brick and Mortar

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