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

The First National Bank of Wellston - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 34Total employees (full-time equivalent)
  • $95,047Total assets
  • $4,226Cash and due from depository institutions
  • $103Interest-bearing balances
  • $23,015Securities
  • $2,768Federal funds sold & reverse repurchase agreements
  • $60,390Net loans & leases
  • $552Loan loss allowance
  • $0Trading account assets
  • $2,077Bank premises and fixed assets
  • $1,206Other real estate owned
  • $0Goodwill and other intangibles
  • $95,047Life insurance assets
  • $1,365All other assets
  • $83,227Total liabilities and capital
  • $82,631Total liabilities
  • $75,493Total deposits
  • $82,631Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $596Subordinated debt
  • $11,820All other liabilities
  • $11,820Total equity capital
  • $11,820Total bank equity capital
  • $0Perpetual preferred stock
  • $500Common stock
  • $500Surplus
  • $10,820Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $789Income earned, not collected on loans
  • $0Earning assets
  • $359Long-term assets (5+ years)
  • $86,276Average Assets, year-to-date
  • $43,142Average Assets, quarterly
  • $94,666Volatile liabilities
  • $95,061Insider loans
  • $50,499FHLB advances
  • $95,422Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $11,387Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,574Restructured Loans and leases
  • $772Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,872Total interest income
  • $1,017Total interest expense
  • $3,855Net interest income
  • $330Provision for loan and lease losses
  • $509Total noninterest income
  • $0Fiduciary activities
  • $304Service charges on deposit accounts
  • $0Trading account gains & fees
  • $205Additional noninterest income
  • $3,603Total noninterest expense
  • $1,627Salaries and employee benefits
  • $408Premises and equipment expense
  • $1,568Additional noninterest expense
  • $431Pre-tax net operating income
  • $22Securities gains (losses)
  • $79Applicable income taxes
  • $374Income before extraordinary items
  • $0Extraordinary gains - net
  • $374Net income attributable to bank
  • $0Net charge-offs
  • $374Cash dividends
  • $167Sale, conversion, retirement of capital stock, net
  • $420Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.61%Yield on earning assets
  • 1.17%Cost of funding earning assets
  • 4.44%Net interest margin
  • 0.59%Noninterest income to earning assets
  • 4.15%Noninterest expense to earning assets
  • 0.38%Net operating income to assets
  • 0.40%Return on assets (ROA)
  • 0.48%Pretax return on assets
  • 3.16%Return on equity (ROE)
  • -0.39%Retained earnings to average equity (YTD only)
  • 0.26%Net charge-offs to loans
  • 197.60%Credit loss provision to net charge-offs
  • 4.56%Efficiency ratio
  • 82,562Assets per employee
  • 2.80%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 112.30%Loss allowance to loans
  • 0.91%Loss allowance to noncurrent loans
  • 69.96%Noncurrent assets plus other real estate owned to assets
  • 2.10%Noncurrent loans to loans
  • 1.29%Net loans and leases to deposits
  • 73.08%Net loans and leases to core deposits
  • 74.91%Equity capital to assets
  • 12.44%Core capital (leverage) ratio
  • 11.93%Tier 1 risk-based capital ratio
  • 22.55%Total risk-based capital ratio
  • Memoranda
  • $24Average assets
  • $94,666Average earning assets
  • $11,839Average equity
  • $86,847Average loans

List of branches

  • 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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