The Old Phoenix National Bank of Medina in Medina, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 14, 1997

  • The Old Phoenix National Bank of Medina in Medina, Ohio (OH)
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The Old Phoenix National Bank of Medina - Overview

  • General
  • FDIC Certificate #: 6639
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Firstmerit Bank, National Association (#13675)
    Federal Reserve ID: 404420
    Date Established: January 01, 1857
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 14 (Interstate: No)
    OTS Docket #: 12175
    FDIC's unique #: 4449
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: October 14, 1997
    Last Structure Change Process Date: December 30, 1997
    Last Data Update: December 30, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 39 Public Square, Medina, OH 44256
    County: Medina
    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)
  • Financial Summary
  • Total assets: $408.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $168Total assets
  • $404,317Cash and due from depository institutions
  • $21,462Interest-bearing balances
  • $14Securities
  • $76,933Federal funds sold & reverse repurchase agreements
  • $7,090Net loans & leases
  • $289,103Loan loss allowance
  • $3,830Trading account assets
  • $0Bank premises and fixed assets
  • $4,603Other real estate owned
  • $0Goodwill and other intangibles
  • $4,915Life insurance assets
  • $211All other assets
  • $0Total liabilities and capital
  • $404,317Total liabilities
  • $375,618Total deposits
  • $313,778Interest-bearing deposits
  • $231,518Deposits held in domestic offices
  • 313778.00%% insured (estimated)
  • $92Federal funds purchased & repurchase agreements
  • $48,815Trading liabilities
  • $0Other borrowed funds
  • $8,208Subordinated debt
  • $0All other liabilities
  • $4,817Total equity capital
  • $4,817Total bank equity capital
  • $28,699Perpetual preferred stock
  • $0Common stock
  • $5,455Surplus
  • $5,455Undivided profits
  • Memoranda
  • $17,789Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $1,360Income earned, not collected on loans
  • $1,873Earning assets
  • $373,140Long-term assets (5+ years)
  • $70,087Average Assets, year-to-date
  • $400,537Average Assets, quarterly
  • $404,845Volatile liabilities
  • $62,031Insider loans
  • $1,844FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $103,841Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $28,362Total risk weighted assets
  • $305,897Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $31,457Total interest expense
  • $8,726Net interest income
  • $22,731Provision for loan and lease losses
  • $1,603Total noninterest income
  • $5,304Fiduciary activities
  • $1,321Service charges on deposit accounts
  • $2,324Trading account gains & fees
  • $0Additional noninterest income
  • $1,659Total noninterest expense
  • $15,123Salaries and employee benefits
  • $4,971Premises and equipment expense
  • $1,962Additional noninterest expense
  • $8,190Pre-tax net operating income
  • $11,309Securities gains (losses)
  • $0Applicable income taxes
  • $3,776Income before extraordinary items
  • $7,533Extraordinary gains - net
  • $0Net income attributable to bank
  • $7,533Net charge-offs
  • $1,203Cash dividends
  • $7,200Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.56%Cost of funding earning assets
  • 2.37%Net interest margin
  • 6.18%Noninterest income to earning assets
  • 1.44%Noninterest expense to earning assets
  • 4.11%Net operating income to assets
  • 1.88%Return on assets (ROA)
  • 1.88%Pretax return on assets
  • 2.82%Return on equity (ROE)
  • 24.66%Retained earnings to average equity (YTD only)
  • 1.09%Net charge-offs to loans
  • 0.41%Credit loss provision to net charge-offs
  • 133.25%Efficiency ratio
  • 53,883Assets per employee
  • 2.41%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 95.58%Loss allowance to loans
  • 1.31%Loss allowance to noncurrent loans
  • 281.62%Noncurrent assets plus other real estate owned to assets
  • 0.34%Noncurrent loans to loans
  • 0.46%Net loans and leases to deposits
  • 92.14%Net loans and leases to core deposits
  • 94.07%Equity capital to assets
  • 7.10%Core capital (leverage) ratio
  • 7.17%Tier 1 risk-based capital ratio
  • 9.27%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $400,537Average earning assets
  • $30,553Average equity
  • $367,568Average loans

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