The Richland Trust Company in Mansfield, Ohio (OH)



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The Richland Trust Company
GeneralFDIC Certificate #: 9433
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Park National Bank (#6653)
Federal Reserve ID: 695228
Date Established: January 01, 1898
Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
Offices: 12 (Interstate: No)
OTS Docket #: 12950
FDIC's unique #: 6060
Numeric code: 21
Regulator: FDIC
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
State Chartered: Yes
Date of Deposit Insurance: January 01, 1934
Last Structure Change Effective Date: August 30, 2008
Last Structure Change Process Date: September 29, 2008
Last Data Update: September 29, 2008
Data Source Date: April 05, 2012
LocationAddress: 3 North Main Street, Mansfield, OH 44901
County: Richland
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): Mansfield, OH (#4800)
Combined Statistical Area (CSA): Mansfield-Bucyrus, OH (#360)
Core Based Statistical Area (CBSA): Mansfield, OH (#31900)
CBSA Metro Statistical Area: Mansfield, OH (#31900)
Financial SummaryTotal assets: $525.3 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, 2007)
(Dollar figures in thousands)
Total employees (full-time equivalent)153
Total assets$519,036
Cash and due from depository institutions$15,240
Interest-bearing balances$0
Securities$257,448
Federal funds sold & reverse repurchase agreements$13,180
Net loans & leases$215,240
Loan loss allowance $4,773
Trading account assets$0
Bank premises and fixed assets$2,220
Other real estate owned$0
Goodwill and other intangibles$729
All other assets$14,979
Life insurance assets$5,389
Total liabilities and capital$519,036
Total liabilities$487,736
Total deposits$401,377
Interest-bearing deposits$356,832
Deposits held in domestic offices$401,377
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $39,396
Trading liabilities$0
Other borrowed funds $44,407
Subordinated debt $0
All other liabilities $2,556
Total equity capital$31,300
Total bank equity capital$31,300
Perpetual preferred stock$31,300
Common stock$0
Surplus$1,457
Undivided profits $14,043
Memoranda
Noncurrent loans and leases $15,800
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $75,491
Income earned, not collected on loans $0
Earning assets $4,794
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,482
Average Assets, quarterly $485,868
Volatile liabilities $271,919
Insider loans $545,522
FHLB advances $548,413
Loans and leases held for sale $126,148
Unused loan commitments $14,863
Tier 1 (core) risk-based capital $42,489
Tier 2 risk-based capital $1,335
Total risk weighted assets $236
Total unused commitments $75,491
Restructured Loans and leases $0
Derivatives$3,307
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Income and Expense (December 31, 2007)
(Dollar figures in thousands)
Total interest income $32,281
Total interest expense $15,139
Net interest income $17,142
Provision for loan and lease losses $2,200
Total noninterest income $5,254
Fiduciary activities $1,039
Service charges on deposit accounts $2,141
Trading account gains & fees $0
Additional noninterest income $2,074
Total noninterest expense $11,249
Salaries and employee benefits $6,417
Premises and equipment expense $854
Additional noninterest expense $3,978
Pre-tax net operating income $8,947
Securities gains (losses) $0
Applicable income taxes $3,032
Income before extraordinary items $5,915
Extraordinary gains - net $0
Net income attributable to bank $5,915
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $2,766
Net operating income $2,900
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Performance and Condition Ratios (December 31, 2007)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets6.31%
Cost of funding earning assets 2.96%
Net interest margin 3.35%
Noninterest income to earning assets 1.03%
Noninterest expense to earning assets 2.20%
Net operating income to assets 1.08%
Return on assets (ROA) 1.08%
Pretax return on assets 1.64%
Return on equity (ROE) 21.01%
Retained earnings to average equity (YTD only) 10.71%
Net charge-offs to loans 1.18%
Credit loss provision to net charge-offs 79.54%
Efficiency ratio4.03%
Assets per employee$50,228
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 49.03%
Loss allowance to noncurrent loans 2.17%
Noncurrent assets plus other real estate owned to assets 99.56%
Noncurrent loans to loans 0.92%
Net loans and leases to deposits2.18%
Net loans and leases to core deposits 53.63%
Equity capital to assets 60.27%
Core capital (leverage) ratio 6.03%
Tier 1 risk-based capital ratio 5.68%
Total risk-based capital ratio 11.36%
Memoranda
Average assets$13
Average earning assets$545,522
Average equity $28,159
Average loans $511,775
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Total Fiduciary and Related Assets (December 31, 2007)
(Dollar figures in thousands)
Total fiduciary and related assets$1
Number of Fiduciary Accounts and Related Asset Accounts1
Fiduciary powers grantedYes
Fiduciary or related activityYes
Managed Assets$156,452
Number of Accounts1
Personal trust and agency accounts$125,421
Employee benefit-defined contribution accounts$67,723
Employee benefit-defined benefit accounts$2,717
Other retirement accounts$0
Corporate trust and agency accounts$9,573
Investment management agency accounts$0
Other fiduciary accounts$45,408
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts413
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$31,031
Corporate trust and agency accounts$2,614
Other fiduciary accounts$26,307
Fiduciary accounts held in foreign offices$2,103
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