The Navarre Deposit Bank Company in Navarre, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 12, 1996

The Navarre Deposit Bank Company in Navarre, Ohio (OH)
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The Navarre Deposit Bank Company - Overview

General
FDIC Certificate #: 11084
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Sky Bank (#14641)
Federal Reserve ID: 364720
Date Established: May 14, 1895
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 4 (Interstate: No)
FDIC's unique #: 7085
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: October 12, 1996
Last Structure Change Process Date: October 29, 1996
Last Data Update: October 29, 1996
Data Source Date: April 05, 2012
Location
Address: 15 North Main Street, Navarre, OH 44662
County: Stark
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): Canton-Massillon, OH (#1320)
Core Based Statistical Area (CBSA): Canton-Massillon, OH (#15940)
CBSA Metro Statistical Area: Canton-Massillon, OH (#15940)
Financial Summary
Total assets: $78.9 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1995)

Dollar figures in thousands
0Total employees (full-time equivalent)
$45Total assets
$76,881Cash and due from depository institutions
$3,767Interest-bearing balances
$0Securities
$23,762Federal funds sold & reverse repurchase agreements
$1,340Net loans & leases
$45,506Loan loss allowance
$612Trading account assets
$0Bank premises and fixed assets
$1,778Other real estate owned
$0Goodwill and other intangibles
$728Life insurance assets
$0All other assets
$0Total liabilities and capital
$76,881Total liabilities
$69,795Total deposits
$69,152Interest-bearing deposits
$63,471Deposits held in domestic offices
69152.00%% insured (estimated)
$94Federal funds purchased & repurchase agreements
$480Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$163Total equity capital
$163Total bank equity capital
$7,086Perpetual preferred stock
$0Common stock
$1,400Surplus
$1,400Undivided profits
Memoranda
$4,286Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$389Income earned, not collected on loans
$226Earning assets
$70,608Long-term assets (5+ years)
$31,340Average Assets, year-to-date
$74,285Average Assets, quarterly
$76,387Volatile liabilities
$4,589Insider loans
$484FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$1,141Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$6,981Total risk weighted assets
$36,786Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1995)

Dollar figures in thousands
$0Total interest income
$5,323Total interest expense
$2,508Net interest income
$2,815Provision for loan and lease losses
$84Total noninterest income
$285Fiduciary activities
$0Service charges on deposit accounts
$211Trading account gains & fees
$0Additional noninterest income
$74Total noninterest expense
$2,105Salaries and employee benefits
$1,078Premises and equipment expense
$315Additional noninterest expense
$712Pre-tax net operating income
$911Securities gains (losses)
$14Applicable income taxes
$211Income before extraordinary items
$714Extraordinary gains - net
$0Net income attributable to bank
$714Net charge-offs
$4Cash dividends
$210Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1995)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.74%Cost of funding earning assets
3.65%Net interest margin
4.09%Noninterest income to earning assets
0.41%Noninterest expense to earning assets
3.06%Net operating income to assets
0.95%Return on assets (ROA)
0.96%Pretax return on assets
1.25%Return on equity (ROE)
11.04%Retained earnings to average equity (YTD only)
7.79%Net charge-offs to loans
0.01%Credit loss provision to net charge-offs
2100.00%Efficiency ratio
67,903Assets per employee
1.71%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.41%Loss allowance to loans
1.33%Loss allowance to noncurrent loans
157.33%Noncurrent assets plus other real estate owned to assets
0.51%Noncurrent loans to loans
0.84%Net loans and leases to deposits
65.81%Net loans and leases to core deposits
69.96%Equity capital to assets
9.22%Core capital (leverage) ratio
9.08%Tier 1 risk-based capital ratio
18.98%Total risk-based capital ratio
Memoranda
$20Average assets
$74,285Average earning assets
$6,467Average equity
$68,785Average loans

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