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


The Richwood Banking Company - Overview

  • General
  • FDIC 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
  • Location
  • Address: 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 Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total 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
  • 86Total employees (full-time equivalent)
  • $346,240Total assets
  • $16,149Cash and due from depository institutions
  • $739Interest-bearing balances
  • $149,993Securities
  • $814Federal funds sold & reverse repurchase agreements
  • $160,506Net loans & leases
  • $891Loan loss allowance
  • $0Trading account assets
  • $7,221Bank premises and fixed assets
  • $2,370Other real estate owned
  • $256Goodwill and other intangibles
  • $346,240Life insurance assets
  • $8,931All other assets
  • $316,594Total liabilities and capital
  • $315,148Total liabilities
  • $298,022Total deposits
  • $315,148Interest-bearing deposits
  • $73Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $1,446Subordinated debt
  • $29,646All other liabilities
  • $29,646Total equity capital
  • $29,646Total bank equity capital
  • $0Perpetual preferred stock
  • $725Common stock
  • $725Surplus
  • $28,196Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $466Income earned, not collected on loans
  • $0Earning assets
  • $2,024Long-term assets (5+ years)
  • $312,052Average Assets, year-to-date
  • $173,042Average Assets, quarterly
  • $346,165Volatile liabilities
  • $353,137Insider loans
  • $193,470FHLB advances
  • $354,643Loans and leases held for sale
  • $5,075Unused loan commitments
  • $5,075Tier 1 (core) risk-based capital
  • $28,114Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $27,019Restructured Loans and leases
  • $1,640Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $13,851Total interest income
  • $3,208Total interest expense
  • $10,643Net interest income
  • $519Provision for loan and lease losses
  • $2,220Total noninterest income
  • $0Fiduciary activities
  • $479Service charges on deposit accounts
  • $0Trading account gains & fees
  • $1,741Additional noninterest income
  • $9,189Total noninterest expense
  • $4,623Salaries and employee benefits
  • $908Premises and equipment expense
  • $3,658Additional noninterest expense
  • $3,155Pre-tax net operating income
  • $191Securities gains (losses)
  • $503Applicable income taxes
  • $2,843Income before extraordinary items
  • $0Extraordinary gains - net
  • $2,843Net income attributable to bank
  • $0Net charge-offs
  • $2,843Cash dividends
  • $183Sale, conversion, retirement of capital stock, net
  • $566Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.41%Yield on earning assets
  • 1.02%Cost of funding earning assets
  • 3.39%Net interest margin
  • 0.71%Noninterest income to earning assets
  • 2.93%Noninterest expense to earning assets
  • 0.77%Net operating income to assets
  • 0.82%Return on assets (ROA)
  • 0.97%Pretax return on assets
  • 10.56%Return on equity (ROE)
  • 8.46%Retained earnings to average equity (YTD only)
  • 0.12%Net charge-offs to loans
  • 283.61%Credit loss provision to net charge-offs
  • 20.08%Efficiency ratio
  • 71,437Assets per employee
  • 4.03%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 19.91%Loss allowance to loans
  • 0.55%Loss allowance to noncurrent loans
  • 191.20%Noncurrent assets plus other real estate owned to assets
  • 0.82%Noncurrent loans to loans
  • 0.29%Net loans and leases to deposits
  • 50.93%Net loans and leases to core deposits
  • 61.59%Equity capital to assets
  • 8.56%Core capital (leverage) ratio
  • 7.93%Tier 1 risk-based capital ratio
  • 14.53%Total risk-based capital ratio
  • Memoranda
  • $15Average assets
  • $346,165Average earning assets
  • $26,912Average equity
  • $313,810Average loans

List of branches

  • 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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