Wayne Savings Community Bank in Wooster, Ohio (OH)



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Wayne Savings Community Bank
GeneralFDIC Certificate #: 29847
Status: Active
Federal Reserve ID: 985479
Date Established: January 01, 1899
WWW: http://www.waynesavings.com
Trust Powers Granted: Yes
Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
Offices: 11 (Domestic: 11, Interstate: No)
OTS Docket #: 4195
FDIC's unique #: 42681
Numeric code: 35
Regulator: FDIC
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: Yes
Subchapter S Corporations: No
Asset Concentration Hierarchy: Mortgage Lending Specialization
Date of Deposit Insurance: June 30, 1961
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: 151 North Market Street, Wooster, OH 44691
County: Wayne
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
Core Based Statistical Area (CBSA): Wooster, OH (#49300)
CBSA Micro Statistical Area: Yes
History of ChangesChange in Primary Regulatory Agency
Financial SummaryTotal assets: $410.1 mil
Equity capital: $39.0 mil
Deposits held in domestic offices: $335.6 mil
Return on assets (ROA): 0.46% ($1.9 mil)
Quarterly return on assets: 0.53% ($2.2 mil)
Return on Equity (ROE): 4.91% ($1.9 mil)
Quarterly return on equity: 5.56% ($2.2 mil)
Net income: $1.9 mil
Quarterly Net income: $0.5 mil
Pretax return on assets: 0.55% ($2,255.6 mil)
Quarterly Pretax return on assets: 0.63% ($2,583.7 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)109
Total assets$410,113
Cash and due from depository institutions$19,824
Interest-bearing balances$17,327
Securities$132,366
Federal funds sold & reverse repurchase agreements$0
Net loans & leases$232,138
Loan loss allowance $3,854
Trading account assets$0
Bank premises and fixed assets$7,165
Other real estate owned$1,283
Goodwill and other intangibles$2,187
All other assets$15,150
Life insurance assets$410,113
Total liabilities and capital$371,138
Total liabilities$335,616
Total deposits$301,305
Interest-bearing deposits$335,616
Deposits held in domestic offices$94
% insured (estimated)5279.00%
Federal funds purchased & repurchase agreements $0
Trading liabilities$27,367
Other borrowed funds $0
Subordinated debt $2,876
All other liabilities $38,975
Total equity capital$38,975
Total bank equity capital$38,975
Perpetual preferred stock$0
Common stock$3,889
Surplus$21,398
Undivided profits $13,688
Memoranda
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 $5,808
Earning assets $35
Long-term assets (5+ years) $1,314
Average Assets, year-to-date $381,831
Average Assets, quarterly $0
Volatile liabilities $409,136
Insider loans $408,284
FHLB advances $235,030
Loans and leases held for sale $404,952
Unused loan commitments $7,193
Tier 1 (core) risk-based capital $0
Tier 2 risk-based capital $35,132
Total risk weighted assets $0
Total unused commitments $0
Restructured Loans and leases $30,725
Derivatives$3,057
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Income and Expense (December 31, 2011)
(Dollar figures in thousands)
Total interest income $16,936
Total interest expense $4,194
Net interest income $12,742
Provision for loan and lease losses $928
Total noninterest income $1,786
Fiduciary activities $0
Service charges on deposit accounts $0
Trading account gains & fees $0
Additional noninterest income $1,786
Total noninterest expense $11,349
Salaries and employee benefits $6,057
Premises and equipment expense $1,739
Additional noninterest expense $3,553
Pre-tax net operating income $2,251
Securities gains (losses) $0
Applicable income taxes $374
Income before extraordinary items $1,877
Extraordinary gains - net $0
Net income attributable to bank $1,877
Net charge-offs $0
Cash dividends $1,877
Sale, conversion, retirement of capital stock, net -$679
Net operating income $681
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Performance and Condition Ratios (December 31, 2011)
(Dollar figures in thousands)
Performance Ratios (%, annualized)
Yield on earning assets4.46%
Cost of funding earning assets 1.10%
Net interest margin 3.36%
Noninterest income to earning assets 0.47%
Noninterest expense to earning assets 2.99%
Net operating income to assets 0.46%
Return on assets (ROA) 0.46%
Pretax return on assets 0.55%
Return on equity (ROE) 4.91%
Retained earnings to average equity (YTD only) 3.13%
Net charge-offs to loans -0.29%
Credit loss provision to net charge-offs -136.67%
Efficiency ratio0.00%
Assets per employee$77,485
Cash dividends to net income (YTD only)3.76%
Condition Ratios (%)
Loss allowance to loans 36.28%
Loss allowance to noncurrent loans 1.63%
Noncurrent assets plus other real estate owned to assets 66.36%
Noncurrent loans to loans 1.73%
Net loans and leases to deposits2.46%
Net loans and leases to core deposits 69.17%
Equity capital to assets 74.18%
Core capital (leverage) ratio 9.50%
Tier 1 risk-based capital ratio 8.68%
Total risk-based capital ratio 14.95%
Memoranda
Average assets$16
Average earning assets$409,136
Average equity $38,259
Average loans $379,713
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Total Fiduciary and Related Assets (December 31, 2011)
(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$25,432
Number of Accounts1
Personal trust and agency accounts$22,048
Employee benefit-defined contribution accounts$15,352
Employee benefit-defined benefit accounts$0
Other retirement accounts$0
Corporate trust and agency accounts$2,501
Investment management agency accounts$0
Other fiduciary accounts$4,195
Fiduciary accounts held in foreign offices$0
Non-managed Assets$0
Number of Accounts64
Personal trust and agency accounts$0
Employee benefit-defined contribution accounts$2,501
Employee benefit-defined benefit accounts$0
Other retirement accounts$3,384
Corporate trust and agency accounts$2,577
Other fiduciary accounts$0
Fiduciary accounts held in foreign offices$807
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11 Ohio Branches as of April 05, 2012
NoIDNameAddressEstablishedService TypeMap
042681Wayne Savings Community Bank151 North Market Street, Wooster, OH 44691January 01, 1899Full Service Brick and Mortar
1277456North Clay Street Branch90 North Clay Street, Millersburg, OH 44654January 01, 1899Full Service Brick and Mortar
2277457233 Claremont Branch233 Claremont, Ashland, OH 44805January 01, 1899Full Service Brick and Mortar
4277458237 N Main St Branch237 N Main St, Rittman, OH 44270January 01, 1899Full Service Brick and Mortar
1002774591926 Cleveland Rd Branch1926 Cleveland Rd, Wooster, OH 44691January 01, 1899Full Service Brick and Mortar
101277460303 Highland Drive Branch303 Highland Drive, Lodi, OH 44254January 01, 1899Full Service Brick and Mortar
103357639Millersburg Road Branch2024 Millersburg Road, Wooster, OH 44691May 10, 1999Full Service Brick and Mortar
10461313Village Savings Bank, F.S.b. Branch1265 South Main Street, North Canton, OH 44720July 08, 1998Full Service Brick and Mortar
10511348Stebbins National Bank Of Creston Br121 N Main Street, Creston, OH 44217September 01, 1881Full Service Brick and Mortar
106518096Riffel Road Branch543 Riffel Road, Wooster, OH 44691July 06, 1999Full Service Brick and Mortar
107518097Sugarbush Branch1055 Sugarbush Drive, Ashland, OH 44805May 14, 2001Full Service Brick and Mortar
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