The Lorain National Bank in Lorain, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

The Lorain National Bank - Overview

  • General
  • FDIC Certificate #: 14832
    Status: Active
    Federal Reserve ID: 39420
    Bank Holding Company (Regulatory Top Holder): Lnb Bancorp Inc. (RSSDID: 1071669, Location: Lorain, OH)
    Date Established: October 22, 1934
    Trust Powers Granted: Yes
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 21 (Domestic: 21, Interstate: No)
    OTS Docket #: 13551
    FDIC's unique #: 9282
    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: Commercial Lending Specialization
    Date of Deposit Insurance: October 22, 1934
    Last Structure Change Effective Date: May 10, 2007
    Last Structure Change Process Date: June 05, 2007
    Last Data Update: June 05, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 457 Broadway, Lorain, OH 44052
    County: Lorain
    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): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Participated in Absorption/Consolidation/Merger
  • Financial Summary
  • Total assets: $1,167.9 mil
    Equity capital: $126.5 mil
    Deposits held in domestic offices: $993.8 mil
    Return on assets (ROA): 0.48% ($5.6 mil)
    Quarterly return on assets: 0.56% ($6.5 mil)
    Return on Equity (ROE): 4.50% ($5.7 mil)
    Quarterly return on equity: 5.20% ($6.6 mil)
    Net income: $5.6 mil
    Quarterly Net income: $1.6 mil
    Pretax return on assets: 0.60% ($7,007.2 mil)
    Quarterly Pretax return on assets: 0.70% ($8,175.0 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
  • 260Total employees (full-time equivalent)
  • $1,167,862Total assets
  • $40,647Cash and due from depository institutions
  • $6,324Interest-bearing balances
  • $226,012Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $829,473Net loans & leases
  • $17,063Loan loss allowance
  • $0Trading account assets
  • $8,549Bank premises and fixed assets
  • $1,687Other real estate owned
  • $23,239Goodwill and other intangibles
  • $1,167,862Life insurance assets
  • $38,255All other assets
  • $1,041,330Total liabilities and capital
  • $993,769Total liabilities
  • $939,049Total deposits
  • $993,769Interest-bearing deposits
  • $94Deposits held in domestic offices
  • 227.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $42,497Trading liabilities
  • $0Other borrowed funds
  • $4,837Subordinated debt
  • $126,532All other liabilities
  • $126,532Total equity capital
  • $126,532Total bank equity capital
  • $0Perpetual preferred stock
  • $2,261Common stock
  • $59,628Surplus
  • $64,643Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $3,448Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $34,471Income earned, not collected on loans
  • $72Earning assets
  • $3,550Long-term assets (5+ years)
  • $1,061,809Average Assets, year-to-date
  • $455,517Average Assets, quarterly
  • $1,164,204Volatile liabilities
  • $1,168,754Insider loans
  • $880,409FHLB advances
  • $1,140,202Loans and leases held for sale
  • $17,868Unused loan commitments
  • $17,868Tier 1 (core) risk-based capital
  • $101,925Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $170,539Restructured Loans and leases
  • $19,857Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $49,349Total interest income
  • $9,582Total interest expense
  • $39,767Net interest income
  • $10,353Provision for loan and lease losses
  • $10,623Total noninterest income
  • $1,610Fiduciary activities
  • $4,079Service charges on deposit accounts
  • $0Trading account gains & fees
  • $4,934Additional noninterest income
  • $33,848Total noninterest expense
  • $15,946Salaries and employee benefits
  • $4,472Premises and equipment expense
  • $13,430Additional noninterest expense
  • $6,189Pre-tax net operating income
  • $832Securities gains (losses)
  • $1,459Applicable income taxes
  • $5,562Income before extraordinary items
  • $0Extraordinary gains - net
  • $5,562Net income attributable to bank
  • $0Net charge-offs
  • $5,562Cash dividends
  • $9,426Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.62%Yield on earning assets
  • 0.90%Cost of funding earning assets
  • 3.73%Net interest margin
  • 1.00%Noninterest income to earning assets
  • 3.17%Noninterest expense to earning assets
  • 0.42%Net operating income to assets
  • 0.48%Return on assets (ROA)
  • 0.60%Pretax return on assets
  • 4.50%Return on equity (ROE)
  • 4.50%Retained earnings to average equity (YTD only)
  • 1.13%Net charge-offs to loans
  • 109.83%Credit loss provision to net charge-offs
  • 1.75%Efficiency ratio
  • 66,900Assets per employee
  • 4.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.02%Loss allowance to noncurrent loans
  • 49.50%Noncurrent assets plus other real estate owned to assets
  • 3.10%Noncurrent loans to loans
  • 4.07%Net loans and leases to deposits
  • 83.47%Net loans and leases to core deposits
  • 89.78%Equity capital to assets
  • 10.83%Core capital (leverage) ratio
  • 8.94%Tier 1 risk-based capital ratio
  • 11.58%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $1,164,204Average earning assets
  • $123,674Average equity
  • $1,067,397Average loans

Total Fiduciary and Related Assets (December 31, 2011)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $149,410Managed Assets
  • 1Number of Accounts
  • $131,874Personal trust and agency accounts
  • $47,058Employee benefit-defined contribution accounts
  • $1,604Employee benefit-defined benefit accounts
  • $5,251Other retirement accounts
  • $22,884Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $42,442Other fiduciary accounts
  • $10,297Fiduciary accounts held in foreign offices
  • $2,338Non-managed Assets
  • 450Number of Accounts
  • $0Personal trust and agency accounts
  • $22,884Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $17,536Other retirement accounts
  • $6,338Corporate trust and agency accounts
  • $144Other fiduciary accounts
  • $7,935Fiduciary accounts held in foreign offices

List of branches

  • 21 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    09282The Lorain National Bank457 Broadway, Lorain, OH 44052October 22, 1934Full Service Brick and Mortar
    1232217Amherst Branch1175 Cleveland Avenue, Amherst, OH 44001December 30, 1960Full Service Brick and Mortar
    2232218Lake Avenue And Route 254 Branch42935 East North Ridge Road, Elyria Township, OH 44035August 31, 1964Full Service Brick and Mortar
    4232220Drive-In Branch200 Sixth Street, Lorain, OH 44052April 04, 1956Limited Service Facility
    7232223Vermilion BranchEast Lake Road, Vermilion, OH 44089September 14, 1957Full Service Brick and Mortar
    8232224Avon Lake Branch32960 Walker Road, Avon Lake, OH 44012December 05, 1966Full Service Brick and Mortar
    9232225Pearl Avenue Branch2850 Pearl Avenue, Lorain, OH 44055December 27, 1967Full Service Brick and Mortar
    10232226Oberlin Branch40 East College Street, Oberlin, OH 44074December 27, 1968Full Service Brick and Mortar
    12232228Ely Square Branch124 Middle Ave, Elyria, OH 44035Febuary 10, 1975Full Service Brick and Mortar
    14232230Olmsted Branch27095 Bagley Road, Olmsted Falls, OH 44138September 02, 1986Full Service Brick and Mortar
    15232231Oberlin Avenue Branch3660 Oberlin Avenue, Lorain, OH 44053July 31, 1986Full Service Brick and Mortar
    16232232Avon Branch2100 Center Rd, Avon, OH 44011September 08, 1987Full Service Brick and Mortar
    17232233Kendal Branch600 Kendal Avenue, Oberlin, OH 44074November 08, 1993Limited Service Mobile
    18232234Westlake Village Branch28550 Westlake Village Drive, Westlake, OH 44145January 03, 1997Limited Service Mobile
    19232235Renaissance Branch2637 John Road, Olmsted Township, OH 44138January 09, 1997Limited Service Mobile
    23232236Lagrange Branch540 North Center Street, Lagrange, OH 44050July 06, 1998Full Service Brick and Mortar
    24359720Elyria United Methodist Village BranElyria United Methodist Village, 807 W. Ave., Elyria, OH 44035April 02, 2001Limited Service Mobile
    25458062Chestnut Commons Drive Branch105 Chestnut Commons Drive, Elyria, OH 44035July 31, 2006Full Service Brick and Mortar
    26462292North Ridgeville Branch34085 Center Ridge Road, North Ridgeville, OH 44039July 31, 2006Full Service Brick and Mortar
    28429702Plaza Branch178 West Streetsboro Street, Hudson, OH 44236August 25, 2003Full Service Brick and Mortar
    29431970Messenger Service Branch10 West Streetsboro Street, Hudson, OH 44236August 24, 2003Limited Service Messenger

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