The First National Bank of Wellston in Wellston, Ohio (OH)



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The First National Bank of Wellston routing number info

Table of contents:
The First National Bank of Wellston
GeneralFDIC Certificate #: 6727
Status: Active
Federal Reserve ID: 325824
Bank Holding Company (Regulatory Top Holder): Midwest Bancshares, Inc. (RSSDID: 3656529, Location: Wellston, OH)
Date Established: January 01, 1886
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: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 13924
FDIC's unique #: 4509
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: Consumer 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
LocationAddress: 101 East A Street, Wellston, OH 45692
County: Jackson
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
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $95.0 mil
Equity capital: $11.8 mil
Deposits held in domestic offices: $82.6 mil
Return on assets (ROA): 0.40% ($0.4 mil)
Quarterly return on assets: 0.44% ($0.4 mil)
Return on Equity (ROE): 3.16% ($0.4 mil)
Quarterly return on equity: 3.50% ($0.4 mil)
Net income: $0.4 mil
Quarterly Net income: $0.1 mil
Pretax return on assets: 0.48% ($456.2 mil)
Quarterly Pretax return on assets: 0.56% ($532.3 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)
Total employees (full-time equivalent)34
Total assets$95,047
Cash and due from depository institutions$4,226
Interest-bearing balances$103
Securities$23,015
Federal funds sold & reverse repurchase agreements$2,768
Net loans & leases$60,390
Loan loss allowance $552
Trading account assets$0
Bank premises and fixed assets$2,077
Other real estate owned$1,206
Goodwill and other intangibles$0
All other assets$1,365
Life insurance assets$95,047
Total liabilities and capital$83,227
Total liabilities$82,631
Total deposits$75,493
Interest-bearing deposits$82,631
Deposits held in domestic offices$95
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $596
All other liabilities $11,820
Total equity capital$11,820
Total bank equity capital$11,820
Perpetual preferred stock$0
Common stock$500
Surplus$500
Undivided profits $10,820
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $789
Earning assets $0
Long-term assets (5+ years) $359
Average Assets, year-to-date $86,276
Average Assets, quarterly $43,142
Volatile liabilities $94,666
Insider loans $95,061
FHLB advances $50,499
Loans and leases held for sale $95,422
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $11,387
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $1,574
Derivatives$772
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $4,872
Total interest expense $1,017
Net interest income $3,855
Provision for loan and lease losses $330
Total noninterest income $509
Fiduciary activities $0
Service charges on deposit accounts $304
Trading account gains & fees $0
Additional noninterest income $205
Total noninterest expense $3,603
Salaries and employee benefits $1,627
Premises and equipment expense $408
Additional noninterest expense $1,568
Pre-tax net operating income $431
Securities gains (losses) $22
Applicable income taxes $79
Income before extraordinary items $374
Extraordinary gains - net $0
Net income attributable to bank $374
Net charge-offs $0
Cash dividends $374
Sale, conversion, retirement of capital stock, net $167
Net operating income $420
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.61%
Cost of funding earning assets 1.17%
Net interest margin 4.44%
Noninterest income to earning assets 0.59%
Noninterest expense to earning assets 4.15%
Net operating income to assets 0.38%
Return on assets (ROA) 0.40%
Pretax return on assets 0.48%
Return on equity (ROE) 3.16%
Retained earnings to average equity (YTD only) -0.39%
Net charge-offs to loans 0.26%
Credit loss provision to net charge-offs 197.60%
Efficiency ratio4.56%
Assets per employee$82,562
Cash dividends to net income (YTD only)2.80%
Condition Ratios (%)
Loss allowance to loans 112.30%
Loss allowance to noncurrent loans 0.91%
Noncurrent assets plus other real estate owned to assets 69.96%
Noncurrent loans to loans 2.10%
Net loans and leases to deposits1.29%
Net loans and leases to core deposits 73.08%
Equity capital to assets 74.91%
Core capital (leverage) ratio 12.44%
Tier 1 risk-based capital ratio 11.93%
Total risk-based capital ratio 22.55%
Memoranda
Average assets$24
Average earning assets$94,666
Average equity $11,839
Average loans $86,847
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2 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
04509The First National Bank Of Wellston101 East A Street, Wellston, OH 45692January 01, 1886Full Service Brick and Mortar
1211992Jackson Branch590 East Main Street, Jackson, OH 45640January 03, 1995Full Service Brick and Mortar
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