Village Savings Bank, F.S.B. in North Canton, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 30, 2003

  • Village Savings Bank, F.S.B. in North Canton, Ohio (OH)
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Village Savings Bank, F.S.B. - Overview

  • General
  • FDIC Certificate #: 34709
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Wayne Savings Community Bank (#29847)
    Federal Reserve ID: 2710509
    Date Established: July 08, 1998
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 14967
    FDIC's unique #: 61313
    Numeric code: 33
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: No
    Date of Deposit Insurance: July 08, 1998
    Last Structure Change Effective Date: September 30, 2003
    Last Structure Change Process Date: October 17, 2003
    Last Data Update: October 17, 2003
    Data Source Date: April 05, 2012
  • Location
  • Address: 1265 South Main Street, North Canton, OH 44720
    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 Summary
  • Total assets: $49.0 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, 2002)

  • Dollar figures in thousands
  • 8Total employees (full-time equivalent)
  • $48,192Total assets
  • $1,516Cash and due from depository institutions
  • $1,115Interest-bearing balances
  • $20,404Securities
  • $4,000Federal funds sold & reverse repurchase agreements
  • $21,202Net loans & leases
  • $46Loan loss allowance
  • $0Trading account assets
  • $439Bank premises and fixed assets
  • $0Other real estate owned
  • $15Goodwill and other intangibles
  • $0Life insurance assets
  • $616All other assets
  • $48,192Total liabilities and capital
  • $44,947Total liabilities
  • $44,614Total deposits
  • $43,769Interest-bearing deposits
  • $44,614Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $333All other liabilities
  • $3,245Total equity capital
  • $3,245Total bank equity capital
  • $3,245Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $2,999Undivided profits
  • Memoranda
  • $245Noncurrent loans and leases
  • $3,488Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $0Earning assets
  • $0Long-term assets (5+ years)
  • $123Average Assets, year-to-date
  • $46,721Average Assets, quarterly
  • $0Volatile liabilities
  • $43,496Insider loans
  • $47,533FHLB advances
  • $8,710Loans and leases held for sale
  • $364Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $2,488Total unused commitments
  • $0Restructured Loans and leases
  • $46Derivatives

Income and Expense (December 31, 2002)

  • Dollar figures in thousands
  • $2,149Total interest income
  • $1,106Total interest expense
  • $1,043Net interest income
  • $7Provision for loan and lease losses
  • $195Total noninterest income
  • $0Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $195Additional noninterest income
  • $710Total noninterest expense
  • $361Salaries and employee benefits
  • $63Premises and equipment expense
  • $286Additional noninterest expense
  • $521Pre-tax net operating income
  • $36Securities gains (losses)
  • $186Applicable income taxes
  • $371Income before extraordinary items
  • $0Extraordinary gains - net
  • $371Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 2002)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.09%Yield on earning assets
  • 2.62%Cost of funding earning assets
  • 2.47%Net interest margin
  • 0.46%Noninterest income to earning assets
  • 1.68%Noninterest expense to earning assets
  • 0.80%Net operating income to assets
  • 0.85%Return on assets (ROA)
  • 1.28%Pretax return on assets
  • 12.44%Return on equity (ROE)
  • 12.44%Retained earnings to average equity (YTD only)
  • 0.00%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 57,351Assets per employee
  • 6.02%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.22%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 47.52%Net loans and leases to core deposits
  • 59.05%Equity capital to assets
  • 6.73%Core capital (leverage) ratio
  • 6.58%Tier 1 risk-based capital ratio
  • 17.13%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $43,496Average earning assets
  • $2,982Average equity
  • $42,193Average loans

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