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

The Farmers National Bank of Canfield - Overview

  • General
  • FDIC Certificate #: 6540
    Status: Active
    Federal Reserve ID: 680813
    Bank Holding Company (Regulatory Top Holder): Farmers National Banc Corp. (RSSDID: 1071191, Location: Canfield, OH)
    Date Established: Febuary 17, 1887
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 17 (Domestic: 17, Interstate: No)
    OTS Docket #: 13123
    FDIC's unique #: 4377
    Numeric code: 3
    Regulator: OCC
    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: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: All Other Specialization > 1 Billion
    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: 20 South Broad Street, Canfield, OH 44406
    County: Mahoning
    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): Youngstown-Warren-Boardman, OH-PA (#49660)
    CBSA Metro Statistical Area: Youngstown-Warren-Boardman, OH-PA (#49660)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $1,055.8 mil
    Equity capital: $98.0 mil
    Deposits held in domestic offices: $846.0 mil
    Return on assets (ROA): 0.92% ($9.7 mil)
    Quarterly return on assets: 1.19% ($12.6 mil)
    Return on Equity (ROE): 10.42% ($10.2 mil)
    Quarterly return on equity: 13.02% ($12.8 mil)
    Net income: $9.4 mil
    Quarterly Net income: $3.2 mil
    Pretax return on assets: 1.18% ($12,458.6 mil)
    Quarterly Pretax return on assets: 1.58% ($16,681.9 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
  • 286Total employees (full-time equivalent)
  • $1,055,815Total assets
  • $45,981Cash and due from depository institutions
  • $24,312Interest-bearing balances
  • $397,513Securities
  • $4,349Federal funds sold & reverse repurchase agreements
  • $562,536Net loans & leases
  • $9,820Loan loss allowance
  • $0Trading account assets
  • $16,360Bank premises and fixed assets
  • $585Other real estate owned
  • $0Goodwill and other intangibles
  • $1,055,815Life insurance assets
  • $28,491All other assets
  • $957,828Total liabilities and capital
  • $846,003Total liabilities
  • $805,277Total deposits
  • $846,003Interest-bearing deposits
  • $80Deposits held in domestic offices
  • 96988.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $11,414Trading liabilities
  • $0Other borrowed funds
  • $3,423Subordinated debt
  • $97,987All other liabilities
  • $97,987Total equity capital
  • $97,987Total bank equity capital
  • $0Perpetual preferred stock
  • $2,712Common stock
  • $30,845Surplus
  • $64,430Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $677Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $10,984Income earned, not collected on loans
  • $0Earning assets
  • $4,013Long-term assets (5+ years)
  • $988,710Average Assets, year-to-date
  • $426,696Average Assets, quarterly
  • $1,021,329Volatile liabilities
  • $1,065,088Insider loans
  • $615,973FHLB advances
  • $1,052,987Loans and leases held for sale
  • $15,015Unused loan commitments
  • $15,015Tier 1 (core) risk-based capital
  • $89,922Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $82,406Restructured Loans and leases
  • $977Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $44,390Total interest income
  • $7,785Total interest expense
  • $36,605Net interest income
  • $3,650Provision for loan and lease losses
  • $5,500Total noninterest income
  • $0Fiduciary activities
  • $2,063Service charges on deposit accounts
  • $0Trading account gains & fees
  • $3,437Additional noninterest income
  • $28,237Total noninterest expense
  • $14,450Salaries and employee benefits
  • $2,171Premises and equipment expense
  • $11,616Additional noninterest expense
  • $10,218Pre-tax net operating income
  • $1,804Securities gains (losses)
  • $2,626Applicable income taxes
  • $9,396Income before extraordinary items
  • $0Extraordinary gains - net
  • $9,396Net income attributable to bank
  • $0Net charge-offs
  • $9,396Cash dividends
  • $3,138Sale, conversion, retirement of capital stock, net
  • $1,654Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.66%Yield on earning assets
  • 0.82%Cost of funding earning assets
  • 3.85%Net interest margin
  • 0.58%Noninterest income to earning assets
  • 2.97%Noninterest expense to earning assets
  • 0.78%Net operating income to assets
  • 0.92%Return on assets (ROA)
  • 1.18%Pretax return on assets
  • 10.42%Return on equity (ROE)
  • 8.59%Retained earnings to average equity (YTD only)
  • 0.55%Net charge-offs to loans
  • 116.32%Credit loss provision to net charge-offs
  • 4.42%Efficiency ratio
  • 67,063Assets per employee
  • 3.69%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 17.60%Loss allowance to loans
  • 1.72%Loss allowance to noncurrent loans
  • 89.40%Noncurrent assets plus other real estate owned to assets
  • 1.10%Noncurrent loans to loans
  • 1.92%Net loans and leases to deposits
  • 66.49%Net loans and leases to core deposits
  • 69.32%Equity capital to assets
  • 9.28%Core capital (leverage) ratio
  • 8.54%Tier 1 risk-based capital ratio
  • 14.60%Total risk-based capital ratio
  • Memoranda
  • $16Average assets
  • $1,021,329Average earning assets
  • $90,143Average equity
  • $951,861Average loans

List of branches

  • 17 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    04377The Farmers National Bank Of Canfiel20 South Broad Street, Canfield, OH 44406Febuary 17, 1887Full Service Brick and Mortar
    1210632Austintown Branch22 North Niles-Canfield Road, Austintown, OH 44515June 15, 1959Full Service Brick and Mortar
    2210633Colonial Plaza Branch401 East Main Street, Canfield, OH 44406June 15, 1966Full Service Brick and Mortar
    3210634Lake Milton Branch17817 Mahoning Avenue, Lake Milton, OH 44429November 03, 1969Full Service Brick and Mortar
    4210635Cornersburg Branch3619 South Meridian Road, Youngstown, OH 44511January 31, 1972Full Service Brick and Mortar
    5210636Western Reserve Branch102 West Western Reserve Road, Boardman, OH 44514November 06, 1978Full Service Brick and Mortar
    6210637Salem Branch1858 East State Street, Salem, OH 44460November 03, 1980Full Service Brick and Mortar
    7210638Columbiana Branch340 State Route 14, Columbiana, OH 44408December 19, 1994Full Service Brick and Mortar
    8218377Leetonia Branch16 Walnut Street, Leetonia, OH 44431July 01, 1942Full Service Brick and Mortar
    9210639Damascus Branch29503 State Route 62, Damascus, OH 44619January 06, 1997Full Service Brick and Mortar
    10210640Poland Branch Office106 Mckinley Way West, Poland, OH 44514January 25, 1999Full Service Brick and Mortar
    119575Downtown Niles OfficeOne South Main Street, Niles, OH 44446November 04, 1904Full Service Brick and Mortar
    12233371Niles Drive-In Branch170 East State Street, Niles, OH 44446December 06, 1968Limited Service Facility
    13233372Girard Branch121 North State Street, Girard, OH 44420September 16, 1974Full Service Brick and Mortar
    14233373422 Branch5845 Youngstown Warren Rd, Niles, OH 44446August 13, 1979Full Service Brick and Mortar
    15233375Central Parkway Office Branch2910 Youngstown Road, Warren, OH 44484January 30, 1991Full Service Brick and Mortar
    16221454Mineral Ridge Branch3826 Main Street, Mineral Ridge, OH 44440June 21, 1971Full Service Brick and Mortar

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