The Wayne County National Bank of Wooster in Wooster, Ohio (OH)

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The Wayne County National Bank of Wooster
GeneralFDIC Certificate #: 6734
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank (#6557)
Federal Reserve ID: 295628
Date Established: January 01, 1845
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 12 (Interstate: No)
OTS Docket #: 13164
FDIC's unique #: 4515
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: December 10, 2004
Last Structure Change Process Date: January 11, 2005
Last Data Update: January 11, 2005
Data Source Date: April 05, 2012
LocationAddress: Public Square, Wooster, OH 44691
County: Wayne
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
Core Based Statistical Area (CBSA): Wooster, OH (#49300)
CBSA Micro Statistical Area: Yes
Financial SummaryTotal assets: $429.5 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, 2003)
(Dollar figures in thousands)
Total employees (full-time equivalent)128
Total assets$434,275
Cash and due from depository institutions$20,978
Interest-bearing balances$44
Federal funds sold & reverse repurchase agreements$3,785
Net loans & leases$281,961
Loan loss allowance $3,960
Trading account assets$0
Bank premises and fixed assets$6,837
Other real estate owned$91
Goodwill and other intangibles$785
All other assets$6,325
Life insurance assets$0
Total liabilities and capital$434,275
Total liabilities$395,462
Total deposits$372,683
Interest-bearing deposits$303,630
Deposits held in domestic offices$372,683
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $21,181
Trading liabilities$0
Other borrowed funds $81
Subordinated debt $0
All other liabilities $1,517
Total equity capital$38,813
Total bank equity capital$38,813
Perpetual preferred stock$38,813
Common stock$0
Undivided profits $1,990
Noncurrent loans and leases $35,983
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $95,040
Income earned, not collected on loans $0
Earning assets $408
Long-term assets (5+ years) $0
Average Assets, year-to-date $2,655
Average Assets, quarterly $399,303
Volatile liabilities $121,161
Insider loans $438,026
FHLB advances $431,542
Loans and leases held for sale $56,952
Unused loan commitments $17,667
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $0
Total risk weighted assets $20,296
Total unused commitments $95,040
Restructured Loans and leases $0
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Income and Expense (December 31, 2003)
(Dollar figures in thousands)
Total interest income $23,574
Total interest expense $6,398
Net interest income $17,176
Provision for loan and lease losses $40
Total noninterest income $4,139
Fiduciary activities $1,824
Service charges on deposit accounts $1,525
Trading account gains & fees $0
Additional noninterest income $790
Total noninterest expense $11,867
Salaries and employee benefits $5,234
Premises and equipment expense $1,410
Additional noninterest expense $5,223
Pre-tax net operating income $9,408
Securities gains (losses) $119
Applicable income taxes $2,972
Income before extraordinary items $6,555
Extraordinary gains - net $0
Net income attributable to bank $6,555
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $552
Net operating income $3,326
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Performance and Condition Ratios (December 31, 2003)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.82%
Cost of funding earning assets 1.58%
Net interest margin 4.24%
Noninterest income to earning assets 1.02%
Noninterest expense to earning assets 2.93%
Net operating income to assets 1.48%
Return on assets (ROA) 1.50%
Pretax return on assets 2.17%
Return on equity (ROE) 17.29%
Retained earnings to average equity (YTD only) 8.52%
Net charge-offs to loans 0.19%
Credit loss provision to net charge-offs 7.25%
Efficiency ratio17.12%
Assets per employee$55,674
Cash dividends to net income (YTD only)3.39%
Condition Ratios (%)
Loss allowance to loans 50.74%
Loss allowance to noncurrent loans 1.38%
Noncurrent assets plus other real estate owned to assets 970.59%
Noncurrent loans to loans 0.11%
Net loans and leases to deposits0.14%
Net loans and leases to core deposits 75.66%
Equity capital to assets 83.69%
Core capital (leverage) ratio 8.94%
Tier 1 risk-based capital ratio 8.52%
Total risk-based capital ratio 11.98%
Average assets$13
Average earning assets$438,026
Average equity $37,909
Average loans $405,174
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Total Fiduciary and Related Assets (December 31, 2003)
(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$282,933
Number of Accounts1
Personal trust and agency accounts$218,294
Employee benefit-defined contribution accounts$111,940
Employee benefit-defined benefit accounts$8,327
Other retirement accounts$1,996
Corporate trust and agency accounts$23,641
Investment management agency accounts$78
Other fiduciary accounts$72,312
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts656
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$64,639
Corporate trust and agency accounts$371
Other fiduciary accounts$50,289
Fiduciary accounts held in foreign offices$13,979
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