The Richwood Banking Company in Richwood, Ohio (OH)



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The Richwood Banking Company
GeneralFDIC Certificate #: 12978
Status: Active
Federal Reserve ID: 150727
Bank Holding Company (Regulatory Top Holder): Richwood Bancshares, Inc. (RSSDID: 1250651, Location: Richwood, OH)
Date Established: July 01, 1867
WWW: http://www.richwoodbank.com
Trust Powers Granted: No
Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
Offices: 6 (Domestic: 6, Interstate: No)
FDIC's unique #: 8201
Numeric code: 13
Regulator: FED
Insurance Fund Membership: Deposit Insurance Fund (DIF)
Insured commercial Banks: Yes
FDIC Insured: Yes
Deposit Insurance Fund member: Yes
Agricultural lending institution: Yes
Ownership Type: Non-Stock
FFIEC Call Report 31 Filer: No
State Chartered: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Agricultural 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
LocationAddress: 28 North Franklin Street, Richwood, OH 43344
County: Union
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): Columbus-Marion-Chillicothe, OH (#198)
Core Based Statistical Area (CBSA): Columbus, OH (#18140)
CBSA Metro Statistical Area: Columbus, OH (#18140)
History of ChangesMerge BIF and SAIF Funds into DIF
Financial SummaryTotal assets: $346.2 mil
Equity capital: $29.6 mil
Deposits held in domestic offices: $315.1 mil
Return on assets (ROA): 0.82% ($2.8 mil)
Quarterly return on assets: 0.77% ($2.7 mil)
Return on Equity (ROE): 10.56% ($3.2 mil)
Quarterly return on equity: 9.07% ($2.7 mil)
Net income: $2.8 mil
Quarterly Net income: $0.7 mil
Pretax return on assets: 0.97% ($3,358.5 mil)
Quarterly Pretax return on assets: 0.95% ($3,289.3 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, 2011)
(Dollar figures in thousands)
Total employees (full-time equivalent)86
Total assets$346,240
Cash and due from depository institutions$16,149
Interest-bearing balances$739
Securities$149,993
Federal funds sold & reverse repurchase agreements$814
Net loans & leases$160,506
Loan loss allowance $891
Trading account assets$0
Bank premises and fixed assets$7,221
Other real estate owned$2,370
Goodwill and other intangibles$256
All other assets$8,931
Life insurance assets$346,240
Total liabilities and capital$316,594
Total liabilities$315,148
Total deposits$298,022
Interest-bearing deposits$315,148
Deposits held in domestic offices$73
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$0
Other borrowed funds $0
Subordinated debt $1,446
All other liabilities $29,646
Total equity capital$29,646
Total bank equity capital$29,646
Perpetual preferred stock$0
Common stock$725
Surplus$725
Undivided profits $28,196
Memoranda
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $466
Earning assets $0
Long-term assets (5+ years) $2,024
Average Assets, year-to-date $312,052
Average Assets, quarterly $173,042
Volatile liabilities $346,165
Insider loans $353,137
FHLB advances $193,470
Loans and leases held for sale $354,643
Unused loan commitments $5,075
Tier 1 (core) risk-based capital $5,075
Tier 2 risk-based capital $28,114
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $27,019
Derivatives$1,640
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $13,851
Total interest expense $3,208
Net interest income $10,643
Provision for loan and lease losses $519
Total noninterest income $2,220
Fiduciary activities $0
Service charges on deposit accounts $479
Trading account gains & fees $0
Additional noninterest income $1,741
Total noninterest expense $9,189
Salaries and employee benefits $4,623
Premises and equipment expense $908
Additional noninterest expense $3,658
Pre-tax net operating income $3,155
Securities gains (losses) $191
Applicable income taxes $503
Income before extraordinary items $2,843
Extraordinary gains - net $0
Net income attributable to bank $2,843
Net charge-offs $0
Cash dividends $2,843
Sale, conversion, retirement of capital stock, net $183
Net operating income $566
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.41%
Cost of funding earning assets 1.02%
Net interest margin 3.39%
Noninterest income to earning assets 0.71%
Noninterest expense to earning assets 2.93%
Net operating income to assets 0.77%
Return on assets (ROA) 0.82%
Pretax return on assets 0.97%
Return on equity (ROE) 10.56%
Retained earnings to average equity (YTD only) 8.46%
Net charge-offs to loans 0.12%
Credit loss provision to net charge-offs 283.61%
Efficiency ratio20.08%
Assets per employee$71,437
Cash dividends to net income (YTD only)4.03%
Condition Ratios (%)
Loss allowance to loans 19.91%
Loss allowance to noncurrent loans 0.55%
Noncurrent assets plus other real estate owned to assets 191.20%
Noncurrent loans to loans 0.82%
Net loans and leases to deposits0.29%
Net loans and leases to core deposits 50.93%
Equity capital to assets 61.59%
Core capital (leverage) ratio 8.56%
Tier 1 risk-based capital ratio 7.93%
Total risk-based capital ratio 14.53%
Memoranda
Average assets$15
Average earning assets$346,165
Average equity $26,912
Average loans $313,810
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6 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
08201The Richwood Banking Company28 North Franklin Street, Richwood, OH 43344July 01, 1867Full Service Brick and Mortar
1228655Plain City Branch601 West Main Street, Plain City, OH 43064July 25, 1977Full Service Brick and Mortar
2228656Marysville Branch249 West Fifth Street, Marysville, OH 43040January 02, 1997Full Service Brick and Mortar
3211678Larue Branch26 High Street, Larue, OH 43332January 03, 1967Full Service Brick and Mortar
4493617Huntsville Branch4848 Napoleon St., Huntsville, OH 43324January 02, 2009Full Service Brick and Mortar
5521847Delaware Branch1512 West William St., Delaware, OH 43015December 01, 2010Full Service Brick and Mortar
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