The Guernsey Bank in Worthington, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Guernsey Bank - Overview

  • General
  • FDIC Certificate #: 57413
    Status: Active
    Federal Reserve ID: 476070
    Bank Holding Company (Regulatory Top Holder): Guernsey Bancorp, Inc. (RSSDID: 3816501, Location: Columbus, OH)
    Date Established: June 15, 2002
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 363317
    Numeric code: 21
    Regulator: FDIC
    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: Yes
    Asset Concentration Hierarchy: Commercial Lending Specialization
    Date of Deposit Insurance: June 15, 2002
    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: 547 High Street, Worthington, OH 43085
    County: Franklin
    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): Columbus, OH (#1840)
    Combined Statistical Area (CSA): Columbus-Marion-Chillicothe, OH (#198)
    Core Based Statistical Area (CBSA): Columbus, OH (#18140)
    CBSA Metro Statistical Area: Columbus, OH (#18140)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $129.8 mil
    Equity capital: $10.8 mil
    Deposits held in domestic offices: $108.6 mil
    Return on assets (ROA): 0.47% ($0.6 mil)
    Quarterly return on assets: 0.27% ($0.4 mil)
    Return on Equity (ROE): 5.68% ($0.6 mil)
    Quarterly return on equity: 3.24% ($0.4 mil)
    Net income: $0.6 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.47% ($609.9 mil)
    Quarterly Pretax return on assets: 0.27% ($350.4 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)
  • $129,769Total assets
  • $7,893Cash and due from depository institutions
  • $7,217Interest-bearing balances
  • $16,415Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $95,542Net loans & leases
  • $1,034Loan loss allowance
  • $0Trading account assets
  • $3,905Bank premises and fixed assets
  • $4,424Other real estate owned
  • $75Goodwill and other intangibles
  • $129,768Life insurance assets
  • $1,515All other assets
  • $118,989Total liabilities and capital
  • $108,562Total liabilities
  • $99,241Total deposits
  • $108,562Interest-bearing deposits
  • $95Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $10,000Trading liabilities
  • $0Other borrowed funds
  • $427Subordinated debt
  • $10,779All other liabilities
  • $10,779Total equity capital
  • $10,779Total bank equity capital
  • $0Perpetual preferred stock
  • $4,000Common stock
  • $6,685Surplus
  • $94Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $356Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,076Income earned, not collected on loans
  • $0Earning assets
  • $496Long-term assets (5+ years)
  • $119,174Average Assets, year-to-date
  • $66,924Average Assets, quarterly
  • $130,977Volatile liabilities
  • $130,991Insider loans
  • $89,130FHLB advances
  • $131,231Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $10,874Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $6,133Restructured Loans and leases
  • $110Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $6,543Total interest income
  • $1,667Total interest expense
  • $4,876Net interest income
  • $803Provision for loan and lease losses
  • $500Total noninterest income
  • $0Fiduciary activities
  • $62Service charges on deposit accounts
  • $0Trading account gains & fees
  • $438Additional noninterest income
  • $4,517Total noninterest expense
  • $2,289Salaries and employee benefits
  • $710Premises and equipment expense
  • $1,518Additional noninterest expense
  • $56Pre-tax net operating income
  • $559Securities gains (losses)
  • $0Applicable income taxes
  • $615Income before extraordinary items
  • $0Extraordinary gains - net
  • $615Net income attributable to bank
  • $0Net charge-offs
  • $615Cash dividends
  • $775Sale, conversion, retirement of capital stock, net
  • $560Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.40%Yield on earning assets
  • 1.38%Cost of funding earning assets
  • 4.02%Net interest margin
  • 0.41%Noninterest income to earning assets
  • 3.73%Noninterest expense to earning assets
  • 0.04%Net operating income to assets
  • 0.47%Return on assets (ROA)
  • 0.47%Pretax return on assets
  • 5.68%Return on equity (ROE)
  • 0.51%Retained earnings to average equity (YTD only)
  • 0.78%Net charge-offs to loans
  • 103.61%Credit loss provision to net charge-offs
  • 1.11%Efficiency ratio
  • 84,022Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 91.06%Loss allowance to loans
  • 1.07%Loss allowance to noncurrent loans
  • 96.10%Noncurrent assets plus other real estate owned to assets
  • 4.24%Noncurrent loans to loans
  • 1.11%Net loans and leases to deposits
  • 88.01%Net loans and leases to core deposits
  • 89.64%Equity capital to assets
  • 8.31%Core capital (leverage) ratio
  • 8.29%Tier 1 risk-based capital ratio
  • 12.20%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $130,977Average earning assets
  • $10,825Average equity
  • $121,143Average loans

List of branches

  • 3 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    0363317The Guernsey Bank547 High Street, Worthington, OH 43085June 15, 2002Full Service Brick and Mortar
    1470120Westerville Branch780-792 South State Street, Westerville, OH 43081December 15, 2007Full Service Brick and Mortar
    2485240Upper Arlington Branch3005 Northwest Boulevard, Columbus, OH 43221January 12, 2009Full Service Brick and Mortar

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