FDIC Certificate #: 30555 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:First Place Bank (#28216) Federal Reserve ID: 408174 Date Established: January 01, 1923 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 6 (Interstate: No) OTS Docket #: 5544 FDIC's unique #: 43389 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: December 08, 1952 Last Structure Change Effective Date: May 12, 2000 Last Structure Change Process Date: June 23, 2000 Last Data Update: June 23, 2000 Data Source Date: April 05, 2012
Location
Address: 999 East Main Street, Ravenna, OH 44266 County: Portage 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): Akron, OH (#80) Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28) Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184) Core Based Statistical Area (CBSA): Akron, OH (#10420) CBSA Metro Statistical Area: Akron, OH (#10420)
Financial Summary
Total assets: $204.7 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1999)
Dollar figures in thousands
66Total employees (full-time equivalent)
$201,000Total assets
$3,910Cash and due from depository institutions
$0Interest-bearing balances
$38,829Securities
$104Federal funds sold & reverse repurchase agreements
$147,252Net loans & leases
$812Loan loss allowance
$0Trading account assets
$4,737Bank premises and fixed assets
$795Other real estate owned
$1,758Goodwill and other intangibles
$0Life insurance assets
$3,615All other assets
$201,000Total liabilities and capital
$189,062Total liabilities
$125,159Total deposits
$121,572Interest-bearing deposits
$125,159Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$62,082Other borrowed funds
$0Subordinated debt
$1,821All other liabilities
$11,938Total equity capital
$11,938Total bank equity capital
$11,938Perpetual preferred stock
$0Common stock
$100Surplus
$0Undivided profits
Memoranda
$11,838Noncurrent loans and leases
$8,774Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,079Earning assets
$0Long-term assets (5+ years)
$1,510Average Assets, year-to-date
$186,185Average Assets, quarterly
$103,579Volatile liabilities
$190,205Insider loans
$200,553FHLB advances
$45,905Loans and leases held for sale
$1,111Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$15,401Total risk weighted assets
$8,774Total unused commitments
$0Restructured Loans and leases
$812Derivatives
Income and Expense (December 31, 1999)
Dollar figures in thousands
$13,778Total interest income
$8,603Total interest expense
$5,175Net interest income
$175Provision for loan and lease losses
$1,842Total noninterest income
$0Fiduciary activities
$141Service charges on deposit accounts
$0Trading account gains & fees
$1,701Additional noninterest income
$4,669Total noninterest expense
$2,349Salaries and employee benefits
$794Premises and equipment expense
$1,526Additional noninterest expense
$2,173Pre-tax net operating income
-$21Securities gains (losses)
$516Applicable income taxes
$1,636Income before extraordinary items
$0Extraordinary gains - net
$1,636Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$118Sale, conversion, retirement of capital stock, net
$300Net operating income
Performance and Condition Ratios (December 31, 1999)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.78%Yield on earning assets
4.86%Cost of funding earning assets
2.92%Net interest margin
1.04%Noninterest income to earning assets
2.64%Noninterest expense to earning assets
0.87%Net operating income to assets
0.86%Return on assets (ROA)
1.13%Pretax return on assets
13.04%Return on equity (ROE)
10.65%Retained earnings to average equity (YTD only)
0.08%Net charge-offs to loans
148.31%Credit loss provision to net charge-offs
19.90%Efficiency ratio
64,101Assets per employee
3.05%Cash dividends to net income (YTD only)
Condition Ratios (%)
18.34%Loss allowance to loans
0.55%Loss allowance to noncurrent loans
39.06%Noncurrent assets plus other real estate owned to assets
1.43%Noncurrent loans to loans
1.40%Net loans and leases to deposits
117.65%Net loans and leases to core deposits
135.84%Equity capital to assets
5.94%Core capital (leverage) ratio
7.30%Tier 1 risk-based capital ratio
12.47%Total risk-based capital ratio
Memoranda
$13Average assets
$190,205Average earning assets
$12,548Average equity
$177,164Average loans
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