The Citizens National Bank of Norwalk in Norwalk, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of April 01, 2002

  • The Citizens National Bank of Norwalk in Norwalk, Ohio (OH)
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The Citizens National Bank of Norwalk - Overview

  • General
  • FDIC Certificate #: 6664
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Citizens Banking Company (#12982)
    Federal Reserve ID: 560120
    Date Established: January 01, 1865
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 13043
    FDIC's unique #: 4465
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: April 01, 2002
    Last Structure Change Process Date: April 15, 2002
    Last Data Update: April 15, 2002
    Data Source Date: April 05, 2012
  • Location
  • Address: 12 East Main Street, Norwalk, OH 44857
    County: Huron
    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): Norwalk, OH (#35940)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $127.7 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, 2001)

  • Dollar figures in thousands
  • 44Total employees (full-time equivalent)
  • $135,591Total assets
  • $5,956Cash and due from depository institutions
  • $999Interest-bearing balances
  • $19,493Securities
  • $2,400Federal funds sold & reverse repurchase agreements
  • $100,323Net loans & leases
  • $1,391Loan loss allowance
  • $0Trading account assets
  • $1,580Bank premises and fixed assets
  • $0Other real estate owned
  • $3,412Goodwill and other intangibles
  • $0Life insurance assets
  • $2,427All other assets
  • $135,591Total liabilities and capital
  • $121,462Total liabilities
  • $120,208Total deposits
  • $104,119Interest-bearing deposits
  • $120,208Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $313Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $941All other liabilities
  • $14,129Total equity capital
  • $14,129Total bank equity capital
  • $14,129Perpetual preferred stock
  • $0Common stock
  • $1,500Surplus
  • $4,500Undivided profits
  • Memoranda
  • $8,129Noncurrent loans and leases
  • $16,848Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $567Earning assets
  • $90Long-term assets (5+ years)
  • $669Average Assets, year-to-date
  • $123,215Average Assets, quarterly
  • $18,176Volatile liabilities
  • $137,694Insider loans
  • $137,692FHLB advances
  • $17,318Loans and leases held for sale
  • $2,218Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $16,848Total unused commitments
  • $62Restructured Loans and leases
  • $1,242Derivatives

Income and Expense (December 31, 2001)

  • Dollar figures in thousands
  • $9,921Total interest income
  • $4,741Total interest expense
  • $5,180Net interest income
  • $432Provision for loan and lease losses
  • $1,057Total noninterest income
  • $311Fiduciary activities
  • $363Service charges on deposit accounts
  • $0Trading account gains & fees
  • $383Additional noninterest income
  • $3,874Total noninterest expense
  • $1,761Salaries and employee benefits
  • $446Premises and equipment expense
  • $1,667Additional noninterest expense
  • $1,931Pre-tax net operating income
  • $13Securities gains (losses)
  • $608Applicable income taxes
  • $1,335Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,335Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $282Sale, conversion, retirement of capital stock, net
  • $1,069Net operating income

Performance and Condition Ratios (December 31, 2001)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.85%Yield on earning assets
  • 3.75%Cost of funding earning assets
  • 4.10%Net interest margin
  • 0.84%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.96%Net operating income to assets
  • 0.97%Return on assets (ROA)
  • 1.41%Pretax return on assets
  • 9.51%Return on equity (ROE)
  • 1.90%Retained earnings to average equity (YTD only)
  • 0.27%Net charge-offs to loans
  • 153.19%Credit loss provision to net charge-offs
  • 8.38%Efficiency ratio
  • 57,447Assets per employee
  • 3.08%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 80.07%Loss allowance to loans
  • 1.37%Loss allowance to noncurrent loans
  • 245.33%Noncurrent assets plus other real estate owned to assets
  • 0.42%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 83.46%Net loans and leases to core deposits
  • 97.21%Equity capital to assets
  • 10.42%Core capital (leverage) ratio
  • 7.79%Tier 1 risk-based capital ratio
  • 10.84%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $137,694Average earning assets
  • $14,031Average equity
  • $126,403Average loans

Total Fiduciary and Related Assets (December 31, 2001)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $29,777Managed Assets
  • 1Number of Accounts
  • $26,015Personal trust and agency accounts
  • $22,689Employee benefit-defined contribution accounts
  • $2,459Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $0Corporate trust and agency accounts
  • $1Investment management agency accounts
  • $866Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 138Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $3,762Other retirement accounts
  • $381Corporate trust and agency accounts
  • $3,097Other fiduciary accounts
  • $284Fiduciary accounts held in foreign offices

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