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

This bank is inactive as of November 01, 1997

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

  • General
  • FDIC Certificate #: 6718
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Community First Bank & Trust (#10660)
    Federal Reserve ID: 242024
    Date Established: October 06, 1933
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 4 (Interstate: No)
    OTS Docket #: 13714
    FDIC's unique #: 4500
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: No
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: November 01, 1997
    Last Structure Change Process Date: December 18, 1997
    Last Data Update: December 18, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 East Main 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
  • Financial Summary
  • Total assets: $133.2 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $58Total assets
  • $129,763Cash and due from depository institutions
  • $7,304Interest-bearing balances
  • $465Securities
  • $16,989Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $100,271Loan loss allowance
  • $1,090Trading account assets
  • $0Bank premises and fixed assets
  • $2,330Other real estate owned
  • $32Goodwill and other intangibles
  • $2,837Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $129,763Total liabilities
  • $120,231Total deposits
  • $101,463Interest-bearing deposits
  • $87,810Deposits held in domestic offices
  • 101463.00%% insured (estimated)
  • $89Federal funds purchased & repurchase agreements
  • $16,098Trading liabilities
  • $0Other borrowed funds
  • $1,977Subordinated debt
  • $0All other liabilities
  • $693Total equity capital
  • $693Total bank equity capital
  • $9,532Perpetual preferred stock
  • $0Common stock
  • $2,450Surplus
  • $3,000Undivided profits
  • Memoranda
  • $4,082Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $308Income earned, not collected on loans
  • $1,090Earning assets
  • $117,725Long-term assets (5+ years)
  • $11,286Average Assets, year-to-date
  • $124,640Average Assets, quarterly
  • $127,914Volatile liabilities
  • $31,539Insider loans
  • $3,835FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $15,202Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $9,506Total risk weighted assets
  • $92,206Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $10,389Total interest expense
  • $4,139Net interest income
  • $6,250Provision for loan and lease losses
  • $122Total noninterest income
  • $1,000Fiduciary activities
  • $59Service charges on deposit accounts
  • $346Trading account gains & fees
  • $0Additional noninterest income
  • $595Total noninterest expense
  • $3,712Salaries and employee benefits
  • $1,856Premises and equipment expense
  • $432Additional noninterest expense
  • $1,424Pre-tax net operating income
  • $3,416Securities gains (losses)
  • $0Applicable income taxes
  • $1,171Income before extraordinary items
  • $2,245Extraordinary gains - net
  • $0Net income attributable to bank
  • $2,245Net charge-offs
  • $172Cash dividends
  • $1,594Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 9.08%Cost of funding earning assets
  • 3.62%Net interest margin
  • 5.46%Noninterest income to earning assets
  • 0.87%Noninterest expense to earning assets
  • 3.24%Net operating income to assets
  • 1.80%Return on assets (ROA)
  • 1.80%Pretax return on assets
  • 2.74%Return on equity (ROE)
  • 23.99%Retained earnings to average equity (YTD only)
  • 6.96%Net charge-offs to loans
  • 0.18%Credit loss provision to net charge-offs
  • 70.93%Efficiency ratio
  • 51,200Assets per employee
  • 2.24%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 71.00%Loss allowance to loans
  • 1.08%Loss allowance to noncurrent loans
  • 353.90%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.30%Net loans and leases to deposits
  • 98.83%Net loans and leases to core deposits
  • 116.56%Equity capital to assets
  • 7.35%Core capital (leverage) ratio
  • 7.52%Tier 1 risk-based capital ratio
  • 10.31%Total risk-based capital ratio
  • Memoranda
  • $11Average assets
  • $124,640Average earning assets
  • $9,357Average equity
  • $114,410Average loans

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