Van Wert Federal Savings Bank in Van Wert, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

  • Van Wert Federal Savings Bank in Van Wert, Ohio (OH)
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Van Wert Federal Savings Bank - Overview

  • General
  • FDIC Certificate #: 29495
    Status: Active
    Federal Reserve ID: 380878
    Date Established: January 01, 1889
    Trust Powers Granted: No
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    Offices: 1 (Domestic: 1, Interstate: No)
    OTS Docket #: 3551
    FDIC's unique #: 42329
    Numeric code: 34
    Regulator: OCC
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    FDIC Insured: Yes
    Insured Savings Institution: Yes
    Deposit Insurance Fund member: Yes
    Ownership Type: Non-Stock
    FFIEC Call Report 31 Filer: No
    State Chartered: No
    Subchapter S Corporations: No
    Asset Concentration Hierarchy: Mortgage Lending Specialization
    Date of Deposit Insurance: Febuary 27, 1936
    Last Structure Change Effective Date: July 21, 2011
    Last Structure Change Process Date: July 21, 2011
    Last Data Update: July 21, 2011
    Data Source Date: April 05, 2012
  • Location
  • Address: 976 South Shannon Street, Van Wert, OH 45891
    County: Van Wert
    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): Lima-Van Wert-Wapakoneta, OH (#338)
    Core Based Statistical Area (CBSA): Van Wert, OH (#46780)
    CBSA Micro Statistical Area: Yes
  • History of Changes
  • Change in Primary Regulatory Agency
  • Financial Summary
  • Total assets: $128.4 mil
    Equity capital: $21.6 mil
    Deposits held in domestic offices: $106.4 mil
    Return on assets (ROA): 0.37% ($0.5 mil)
    Quarterly return on assets: 0.52% ($0.7 mil)
    Return on Equity (ROE): 2.23% ($0.5 mil)
    Quarterly return on equity: 3.10% ($0.7 mil)
    Net income: $0.5 mil
    Quarterly Net income: $0.2 mil
    Pretax return on assets: 0.57% ($732.0 mil)
    Quarterly Pretax return on assets: 0.81% ($1,040.2 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
  • 14Total employees (full-time equivalent)
  • $128,425Total assets
  • $18,888Cash and due from depository institutions
  • $18,219Interest-bearing balances
  • $26,952Securities
  • $0Federal funds sold & reverse repurchase agreements
  • $79,887Net loans & leases
  • $220Loan loss allowance
  • $0Trading account assets
  • $1,010Bank premises and fixed assets
  • $76Other real estate owned
  • $0Goodwill and other intangibles
  • $128,425Life insurance assets
  • $1,612All other assets
  • $106,799Total liabilities and capital
  • $106,358Total liabilities
  • $105,888Total deposits
  • $106,358Interest-bearing deposits
  • $99Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $149Trading liabilities
  • $0Other borrowed funds
  • $292Subordinated debt
  • $21,626All other liabilities
  • $21,626Total equity capital
  • $21,626Total bank equity capital
  • $0Perpetual preferred stock
  • $0Common stock
  • $0Surplus
  • $21,626Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $638Income earned, not collected on loans
  • $0Earning assets
  • $253Long-term assets (5+ years)
  • $125,058Average Assets, year-to-date
  • $0Average Assets, quarterly
  • $129,363Volatile liabilities
  • $129,366Insider loans
  • $55,790FHLB advances
  • $128,172Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $21,459Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $1,048Restructured Loans and leases
  • $503Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $4,906Total interest income
  • $1,691Total interest expense
  • $3,215Net interest income
  • $42Provision for loan and lease losses
  • $56Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $56Additional noninterest income
  • $2,486Total noninterest expense
  • $1,480Salaries and employee benefits
  • $277Premises and equipment expense
  • $729Additional noninterest expense
  • $743Pre-tax net operating income
  • $0Securities gains (losses)
  • $267Applicable income taxes
  • $476Income before extraordinary items
  • $0Extraordinary gains - net
  • $476Net income attributable to bank
  • $0Net charge-offs
  • $476Cash dividends
  • $41Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 3.89%Yield on earning assets
  • 1.34%Cost of funding earning assets
  • 2.55%Net interest margin
  • 0.04%Noninterest income to earning assets
  • 1.97%Noninterest expense to earning assets
  • 0.37%Net operating income to assets
  • 0.37%Return on assets (ROA)
  • 0.57%Pretax return on assets
  • 2.23%Return on equity (ROE)
  • 2.23%Retained earnings to average equity (YTD only)
  • 0.05%Net charge-offs to loans
  • 102.44%Credit loss provision to net charge-offs
  • 19.15%Efficiency ratio
  • 76,001Assets per employee
  • 9.17%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.27%Loss allowance to noncurrent loans
  • 34.48%Noncurrent assets plus other real estate owned to assets
  • 0.56%Noncurrent loans to loans
  • 0.80%Net loans and leases to deposits
  • 75.11%Net loans and leases to core deposits
  • 76.48%Equity capital to assets
  • 16.84%Core capital (leverage) ratio
  • 16.74%Tier 1 risk-based capital ratio
  • 38.46%Total risk-based capital ratio
  • Memoranda
  • $39Average assets
  • $129,363Average earning assets
  • $21,389Average equity
  • $125,970Average loans

List of branches

  • 1 Ohio Branch as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    042329Van Wert Federal Savings Bank976 South Shannon Street, Van Wert, OH 45891January 01, 1889Full Service Brick and Mortar

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