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

The Old Fort Banking Company - Overview

  • General
  • FDIC Certificate #: 10255
    Status: Active
    Federal Reserve ID: 564324
    Bank Holding Company (Regulatory Top Holder): Gillmor Financial Services, Inc. (RSSDID: 2257620, Location: Old Fort, OH)
    Date Established: January 16, 1916
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 10 (Domestic: 10, Interstate: No)
    OTS Docket #: 11857
    FDIC's unique #: 6575
    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: 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: 8034 Main Street, Old Fort, OH 44861
    County: Seneca
    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): Findlay-Tiffin, OH (#248)
    Core Based Statistical Area (CBSA): Tiffin, OH (#45660)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Location
    Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $389.7 mil
    Equity capital: $37.7 mil
    Deposits held in domestic offices: $328.6 mil
    Return on assets (ROA): 0.69% ($2.7 mil)
    Quarterly return on assets: 0.76% ($3.0 mil)
    Return on Equity (ROE): 7.36% ($2.8 mil)
    Quarterly return on equity: 7.87% ($3.0 mil)
    Net income: $2.6 mil
    Quarterly Net income: $0.7 mil
    Pretax return on assets: 0.84% ($3,273.6 mil)
    Quarterly Pretax return on assets: 0.92% ($3,585.4 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
  • 102Total employees (full-time equivalent)
  • $389,714Total assets
  • $31,720Cash and due from depository institutions
  • $18,825Interest-bearing balances
  • $115,889Securities
  • $62Federal funds sold & reverse repurchase agreements
  • $219,486Net loans & leases
  • $4,815Loan loss allowance
  • $0Trading account assets
  • $8,102Bank premises and fixed assets
  • $1,183Other real estate owned
  • $1,207Goodwill and other intangibles
  • $389,714Life insurance assets
  • $12,065All other assets
  • $352,059Total liabilities and capital
  • $328,578Total liabilities
  • $288,818Total deposits
  • $328,578Interest-bearing deposits
  • $85Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $21,773Trading liabilities
  • $0Other borrowed funds
  • $1,708Subordinated debt
  • $37,655All other liabilities
  • $37,655Total equity capital
  • $37,655Total bank equity capital
  • $0Perpetual preferred stock
  • $700Common stock
  • $700Surplus
  • $36,255Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $138Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,324Income earned, not collected on loans
  • $0Earning assets
  • $1,376Long-term assets (5+ years)
  • $354,262Average Assets, year-to-date
  • $149,254Average Assets, quarterly
  • $378,295Volatile liabilities
  • $386,052Insider loans
  • $250,472FHLB advances
  • $380,052Loans and leases held for sale
  • $6,738Unused loan commitments
  • $4,752Tier 1 (core) risk-based capital
  • $35,080Tier 2 risk-based capital
  • $1,986Total risk weighted assets
  • $0Total unused commitments
  • $46,372Restructured Loans and leases
  • $4,941Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $16,400Total interest income
  • $3,105Total interest expense
  • $13,295Net interest income
  • $1,800Provision for loan and lease losses
  • $1,870Total noninterest income
  • $0Fiduciary activities
  • $739Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,131Additional noninterest income
  • $11,236Total noninterest expense
  • $6,448Salaries and employee benefits
  • $1,116Premises and equipment expense
  • $3,672Additional noninterest expense
  • $2,129Pre-tax net operating income
  • $1,040Securities gains (losses)
  • $560Applicable income taxes
  • $2,609Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,609Net income attributable to bank
  • $0Net charge-offs
  • $2,609Cash dividends
  • $2,418Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.80%Yield on earning assets
  • 0.91%Cost of funding earning assets
  • 3.89%Net interest margin
  • 0.55%Noninterest income to earning assets
  • 3.29%Noninterest expense to earning assets
  • 0.46%Net operating income to assets
  • 0.69%Return on assets (ROA)
  • 0.84%Pretax return on assets
  • 7.36%Return on equity (ROE)
  • 7.36%Retained earnings to average equity (YTD only)
  • 1.02%Net charge-offs to loans
  • 74.44%Credit loss provision to net charge-offs
  • 1.62%Efficiency ratio
  • 74,092Assets per employee
  • 3.82%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 2.15%Loss allowance to noncurrent loans
  • 363.67%Noncurrent assets plus other real estate owned to assets
  • 0.64%Noncurrent loans to loans
  • 0.59%Net loans and leases to deposits
  • 66.80%Net loans and leases to core deposits
  • 74.26%Equity capital to assets
  • 9.66%Core capital (leverage) ratio
  • 9.23%Tier 1 risk-based capital ratio
  • 14.01%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $378,295Average earning assets
  • $35,431Average equity
  • $341,573Average loans

List of branches

  • 10 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    06575The Old Fort Banking Company8034 Main Street, Old Fort, OH 44861January 16, 1916Full Service Brick and Mortar
    1222066Bettsville Branch238 State Street, Bettsville, OH 44815August 12, 1957Full Service Brick and Mortar
    3222068Tiffin Westgate Branch634 West Market, Tiffin, OH 44883December 27, 1988Full Service Brick and Mortar
    4222069Tiffin Downtown Branch33 East Market Street, Tiffin, OH 44883October 23, 1995Full Service Brick and Mortar
    5222070Fostoria Branch599 Plaza Drive, Fostoria, OH 44830June 06, 1996Full Service Brick and Mortar
    6222071Fremont Branch300 W. State St., Fremont, OH 43420June 18, 1999Full Service Brick and Mortar
    7418424Clyde Branch651 West Mcpherson Highway, Clyde, OH 43410March 03, 2003Full Service Brick and Mortar
    8466947Fremont North Branch2140 Enterprise Drive, Fremont, OH 43420August 07, 2007Full Service Retail
    9481905Findlay Branch15030 Flag City Drive, Findlay, OH 45840October 06, 2008Full Service Brick and Mortar
    10483218Centerville Loan Production Office250 Regency Ridge Drive, Centerville, OH 45459November 21, 2008Limited Service Loan Production

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