The Genoa Banking Company in Genoa, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches


The Genoa Banking Company - Overview

  • General
  • FDIC Certificate #: 2285
    Status: Active
    Federal Reserve ID: 504311
    Bank Holding Company (Regulatory Top Holder): Genbanc, Inc. (RSSDID: 1071388, Location: Genoa, OH)
    Date Established: September 09, 1902
    WWW: http://www.genoabank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 5 (Domestic: 5, Interstate: No)
    OTS Docket #: 12949
    FDIC's unique #: 1511
    Numeric code: 13
    Regulator: FED
    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: No
    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: 801 Main Street, Genoa, OH 43430
    County: Ottawa
    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): Toledo-Fremont, OH (#534)
    Core Based Statistical Area (CBSA): Toledo, OH (#45780)
    CBSA Metro Statistical Area: Toledo, OH (#45780)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $250.7 mil
    Equity capital: $22.0 mil
    Deposits held in domestic offices: $211.3 mil
    Return on assets (ROA): 0.55% ($1.4 mil)
    Quarterly return on assets: 0.64% ($1.6 mil)
    Return on Equity (ROE): 6.41% ($1.4 mil)
    Quarterly return on equity: 7.32% ($1.6 mil)
    Net income: $1.4 mil
    Quarterly Net income: $0.4 mil
    Pretax return on assets: 0.75% ($1,880.0 mil)
    Quarterly Pretax return on assets: 0.91% ($2,281.1 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
  • 74Total employees (full-time equivalent)
  • $250,668Total assets
  • $6,120Cash and due from depository institutions
  • $894Interest-bearing balances
  • $50,249Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $179,429Net loans & leases
  • $1,865Loan loss allowance
  • $0Trading account assets
  • $3,889Bank premises and fixed assets
  • $532Other real estate owned
  • $28Goodwill and other intangibles
  • $250,668Life insurance assets
  • $10,421All other assets
  • $228,624Total liabilities and capital
  • $211,330Total liabilities
  • $183,656Total deposits
  • $211,330Interest-bearing deposits
  • $92Deposits held in domestic offices
  • 4633.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $9,580Trading liabilities
  • $0Other borrowed funds
  • $3,081Subordinated debt
  • $22,044All other liabilities
  • $22,044Total equity capital
  • $22,044Total bank equity capital
  • $0Perpetual preferred stock
  • $438Common stock
  • $1,001Surplus
  • $20,605Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $1,332Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $2,987Income earned, not collected on loans
  • $32Earning assets
  • $1,052Long-term assets (5+ years)
  • $230,572Average Assets, year-to-date
  • $105,897Average Assets, quarterly
  • $250,178Volatile liabilities
  • $250,503Insider loans
  • $170,091FHLB advances
  • $252,669Loans and leases held for sale
  • $5,553Unused loan commitments
  • $3,975Tier 1 (core) risk-based capital
  • $21,339Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $1,578Total unused commitments
  • $21,001Restructured Loans and leases
  • $4,188Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $12,063Total interest income
  • $3,003Total interest expense
  • $9,060Net interest income
  • $1,120Provision for loan and lease losses
  • $1,049Total noninterest income
  • $0Fiduciary activities
  • $389Service charges on deposit accounts
  • $0Trading account gains & fees
  • $660Additional noninterest income
  • $7,853Total noninterest expense
  • $4,165Salaries and employee benefits
  • $701Premises and equipment expense
  • $2,987Additional noninterest expense
  • $1,136Pre-tax net operating income
  • $751Securities gains (losses)
  • $512Applicable income taxes
  • $1,375Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,375Net income attributable to bank
  • $0Net charge-offs
  • $1,375Cash dividends
  • $1,258Sale, conversion, retirement of capital stock, net
  • $280Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.27%Yield on earning assets
  • 1.31%Cost of funding earning assets
  • 3.96%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 3.43%Noninterest expense to earning assets
  • 0.33%Net operating income to assets
  • 0.55%Return on assets (ROA)
  • 0.75%Pretax return on assets
  • 6.41%Return on equity (ROE)
  • 5.10%Retained earnings to average equity (YTD only)
  • 0.71%Net charge-offs to loans
  • 89.03%Credit loss provision to net charge-offs
  • 1.79%Efficiency ratio
  • 77,683Assets per employee
  • 3.39%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 20.36%Loss allowance to loans
  • 1.03%Loss allowance to noncurrent loans
  • 62.44%Noncurrent assets plus other real estate owned to assets
  • 1.40%Noncurrent loans to loans
  • 1.65%Net loans and leases to deposits
  • 84.90%Net loans and leases to core deposits
  • 95.78%Equity capital to assets
  • 8.79%Core capital (leverage) ratio
  • 8.45%Tier 1 risk-based capital ratio
  • 12.55%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $250,178Average earning assets
  • $21,463Average equity
  • $229,037Average loans

List of branches

  • 5 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    01511The Genoa Banking Company801 Main Street, Genoa, OH 43430September 09, 1902Full Service Brick and Mortar
    1192451Millbury Branch24950 Sthy 51, Millbury, OH 43447September 12, 1973Full Service Brick and Mortar
    2192452Oregon Branch3201 Navarre Avenue, Oregon, OH 43616October 13, 1988Full Service Brick and Mortar
    3192453Maumee Branch703 Conant Street, Maumee, OH 43537December 15, 1998Full Service Brick and Mortar
    4439251Rossford Branch9920 Old Us 20, Rossford, OH 43460November 22, 2004Full Service Brick and Mortar

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