Unizan Bank, National Association in Canton, Ohio (OH)



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Unizan Bank, National Association
GeneralFDIC Certificate #: 14953
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: The Huntington National Bank (#6560)
Federal Reserve ID: 764414
Date Established: January 01, 1854
WWW: http://www.unizanbank.com
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 44 (Interstate: No)
OTS Docket #: 10768
FDIC's unique #: 9367
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: December 31, 1934
Last Structure Change Effective Date: March 01, 2006
Last Structure Change Process Date: March 29, 2006
Last Data Update: March 29, 2006
Data Source Date: April 05, 2012
LocationAddress: 220 Market Avenue South, Canton, OH 44702
County: Stark
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): Canton-Massillon, OH (#1320)
Core Based Statistical Area (CBSA): Canton-Massillon, OH (#15940)
CBSA Metro Statistical Area: Canton-Massillon, OH (#15940)
Financial SummaryTotal assets: $2,391.1 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, 2005)
(Dollar figures in thousands)
Total employees (full-time equivalent)574
Total assets$2,391,059
Cash and due from depository institutions$57,822
Interest-bearing balances$4,577
Securities$401,222
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$1,691,046
Loan loss allowance $23,936
Trading account assets$0
Bank premises and fixed assets$20,824
Other real estate owned$845
Goodwill and other intangibles$107,272
All other assets$112,028
Life insurance assets$0
Total liabilities and capital$2,391,059
Total liabilities$2,150,818
Total deposits$1,829,370
Interest-bearing deposits$1,633,828
Deposits held in domestic offices$1,829,370
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $92,468
Trading liabilities$0
Other borrowed funds $156,901
Subordinated debt $30,000
All other liabilities $42,079
Total equity capital$240,241
Total bank equity capital$240,241
Perpetual preferred stock$240,241
Common stock$0
Surplus$3,591
Undivided profits $221,114
Memoranda
Noncurrent loans and leases $15,536
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $362,789
Income earned, not collected on loans $0
Earning assets $31,563
Long-term assets (5+ years) $13,022
Average Assets, year-to-date $9,194
Average Assets, quarterly $2,096,845
Volatile liabilities $673,534
Insider loans $2,479,705
FHLB advances $2,421,732
Loans and leases held for sale $426,125
Unused loan commitments $39,500
Tier 1 (core) risk-based capital $156,653
Tier 2 risk-based capital $117,809
Total risk weighted assets $1,502
Total unused commitments $362,789
Restructured Loans and leases $5,181
Derivatives$52,584
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Income and Expense (December 31, 2005)
(Dollar figures in thousands)
Total interest income $127,282
Total interest expense $60,111
Net interest income $67,171
Provision for loan and lease losses $6,664
Total noninterest income $22,028
Fiduciary activities $0
Service charges on deposit accounts $6,314
Trading account gains & fees $0
Additional noninterest income $15,714
Total noninterest expense $58,743
Salaries and employee benefits $27,816
Premises and equipment expense $5,087
Additional noninterest expense $25,840
Pre-tax net operating income $23,792
Securities gains (losses) $0
Applicable income taxes $6,798
Income before extraordinary items $16,994
Extraordinary gains - net $0
Net income attributable to bank $16,994
Net charge-offs $0
Cash dividends $0
Sale, conversion, retirement of capital stock, net $8,786
Net operating income $60,500
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Performance and Condition Ratios (December 31, 2005)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets5.83%
Cost of funding earning assets 2.76%
Net interest margin 3.08%
Noninterest income to earning assets 1.01%
Noninterest expense to earning assets 2.69%
Net operating income to assets 0.69%
Return on assets (ROA) 0.69%
Pretax return on assets 0.96%
Return on equity (ROE) 6.14%
Retained earnings to average equity (YTD only) -15.71%
Net charge-offs to loans 0.49%
Credit loss provision to net charge-offs 75.85%
Efficiency ratio3.47%
Assets per employee$62,994
Cash dividends to net income (YTD only)4.17%
Condition Ratios (%)
Loss allowance to loans 356.01%
Loss allowance to noncurrent loans 1.40%
Noncurrent assets plus other real estate owned to assets 75.84%
Noncurrent loans to loans 1.36%
Net loans and leases to deposits1.84%
Net loans and leases to core deposits 92.44%
Equity capital to assets 108.66%
Core capital (leverage) ratio 10.05%
Tier 1 risk-based capital ratio 7.27%
Total risk-based capital ratio 9.53%
Memoranda
Average assets$13
Average earning assets$2,479,705
Average equity $276,946
Average loans $2,181,856
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Total Fiduciary and Related Assets (December 31, 2002)
(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$1,066,312
Number of Accounts1
Personal trust and agency accounts$866,874
Employee benefit-defined contribution accounts$474,398
Employee benefit-defined benefit accounts$93,060
Other retirement accounts$7,166
Corporate trust and agency accounts$29,124
Investment management agency accounts$0
Other fiduciary accounts$192,913
Fiduciary accounts held in foreign offices$0
Non-managed Assets$70,213
Number of Accounts2146
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$0
Employee benefit-defined benefit accounts$0
Other retirement accounts$199,438
Corporate trust and agency accounts$57,222
Other fiduciary accounts$77,543
Fiduciary accounts held in foreign offices$7,379
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