Warsaw Federal Savings and Loan Association in Cincinnati, Ohio (OH)

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Warsaw Federal Savings and Loan Association
GeneralFDIC Certificate #: 28217
Status: Active
Federal Reserve ID: 875879
Date Established: January 01, 1893
WWW: http://www.warsawfederal.com
Trust Powers Granted: No
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 2 (Domestic: 2, Interstate: No)
OTS Docket #: 1158
FDIC's unique #: 41051
Numeric code: 38
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: January 30, 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
LocationAddress: 3533 Warsaw Ave, Cincinnati, OH 45205
County: Hamilton
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): Cincinnati, OH-KY-IN (#1640)
Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $65.5 mil
Equity capital: $9.4 mil
Deposits held in domestic offices: $55.7 mil
Return on assets (ROA): -0.30% (-$0.2 mil)
Quarterly return on assets: 0.04% ($0.0 mil)
Return on Equity (ROE): -2.12% (-$0.2 mil)
Quarterly return on equity: 0.25% ($0.0 mil)
Net income: -$0.2 mil
Quarterly Net income: $0.0 mil
Pretax return on assets: -0.45% (-$295.0 mil)
Quarterly Pretax return on assets: 0.15% ($98.3 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)
Total employees (full-time equivalent)20
Total assets$65,547
Cash and due from depository institutions$15,136
Interest-bearing balances$14,596
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$45,018
Loan loss allowance $460
Trading account assets$0
Bank premises and fixed assets$395
Other real estate owned$370
Goodwill and other intangibles$0
All other assets$1,506
Life insurance assets$65,547
Total liabilities and capital$56,114
Total liabilities$55,652
Total deposits$55,652
Interest-bearing deposits$55,652
Deposits held in domestic offices$100
% insured (estimated)0.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$133
Other borrowed funds $0
Subordinated debt $329
All other liabilities $9,433
Total equity capital$9,433
Total bank equity capital$9,433
Perpetual preferred stock$0
Common stock$0
Undivided profits $9,433
Noncurrent loans and leases $0
Noncurrent loans that are wholly or partially guaranteed by the U.S. government $0
Income earned, not collected on loans $693
Earning assets $0
Long-term assets (5+ years) $218
Average Assets, year-to-date $62,736
Average Assets, quarterly $0
Volatile liabilities $67,133
Insider loans $65,374
FHLB advances $34,228
Loans and leases held for sale $65,547
Unused loan commitments $0
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $9,433
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $3,380
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $2,661
Total interest expense $868
Net interest income $1,793
Provision for loan and lease losses $372
Total noninterest income $346
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $346
Total noninterest expense $2,072
Salaries and employee benefits $1,119
Premises and equipment expense $304
Additional noninterest expense $649
Pre-tax net operating income -$305
Securities gains (losses) $0
Applicable income taxes -$103
Income before extraordinary items -$202
Extraordinary gains - net $0
Net income attributable to bank -$202
Net charge-offs $0
Cash dividends -$202
Sale, conversion, retirement of capital stock, net $120
Net operating income $0
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.15%
Cost of funding earning assets 1.35%
Net interest margin 2.80%
Noninterest income to earning assets 0.54%
Noninterest expense to earning assets 3.23%
Net operating income to assets -0.30%
Return on assets (ROA) -0.30%
Pretax return on assets -0.45%
Return on equity (ROE) -2.12%
Retained earnings to average equity (YTD only) -2.12%
Net charge-offs to loans 0.27%
Credit loss provision to net charge-offs 310.00%
Efficiency ratio0.56%
Assets per employee$96,868
Cash dividends to net income (YTD only)3.28%
Condition Ratios (%)
Loss allowance to loans 0.00%
Loss allowance to noncurrent loans 1.01%
Noncurrent assets plus other real estate owned to assets 66.38%
Noncurrent loans to loans 1.62%
Net loans and leases to deposits1.52%
Net loans and leases to core deposits 80.89%
Equity capital to assets 81.85%
Core capital (leverage) ratio 14.39%
Tier 1 risk-based capital ratio 14.39%
Total risk-based capital ratio 27.56%
Average assets$29
Average earning assets$67,133
Average equity $9,539
Average loans $64,103
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2 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
041051Warsaw Federal Savings And Loan Asso3533 Warsaw Ave, Cincinnati, OH 45205January 01, 1893Full Service Brick and Mortar
1359174Gracely Drive Branch6570 Gracely Drive, Cincinnati, OH 45233May 01, 2000Full Service Brick and Mortar
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