Western Reserve Bank in Medina, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

Western Reserve Bank - Overview

  • General
  • FDIC Certificate #: 34894
    Status: Active
    Federal Reserve ID: 2730477
    Bank Holding Company (Regulatory Top Holder): Western Reserve Bancorp, Inc. (RSSDID: 2730459, Location: Medina, OH)
    Date Established: November 06, 1998
    WWW: http://www.westernreservebank.com
    Trust Powers Granted: No
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 3 (Domestic: 3, Interstate: No)
    FDIC's unique #: 61957
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: 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: Commercial Lending Specialization
    Date of Deposit Insurance: November 06, 1998
    Last Structure Change Effective Date: March 31, 2006
    Last Structure Change Process Date: November 03, 2006
    Last Data Update: November 03, 2006
    Data Source Date: April 05, 2012
  • Location
  • Address: 4015 Medina Road, Medina, OH 44256
    County: Medina
    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): Cleveland-Lorain-Elyria, OH (#1680)
    Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28)
    Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184)
    Core Based Statistical Area (CBSA): Cleveland-Elyria-Mentor, OH (#17460)
    CBSA Metro Statistical Area: Cleveland-Elyria-Mentor, OH (#17460)
  • History of Changes
  • Merge BIF and SAIF Funds into DIF
  • Financial Summary
  • Total assets: $192.2 mil
    Equity capital: $18.2 mil
    Deposits held in domestic offices: $171.8 mil
    Return on assets (ROA): 0.58% ($1.1 mil)
    Quarterly return on assets: 0.29% ($0.6 mil)
    Return on Equity (ROE): 6.32% ($1.1 mil)
    Quarterly return on equity: 3.09% ($0.6 mil)
    Net income: $1.1 mil
    Quarterly Net income: $0.1 mil
    Pretax return on assets: 0.81% ($1,556.5 mil)
    Quarterly Pretax return on assets: 0.37% ($711.0 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, 2011)

  • Dollar figures in thousands
  • 35Total employees (full-time equivalent)
  • $192,164Total assets
  • $27,449Cash and due from depository institutions
  • $23,101Interest-bearing balances
  • $15,813Securities
  • $243Federal funds sold & reverse repurchase agreements
  • $141,123Net loans & leases
  • $3,010Loan loss allowance
  • $0Trading account assets
  • $866Bank premises and fixed assets
  • $1,049Other real estate owned
  • $0Goodwill and other intangibles
  • $192,164Life insurance assets
  • $5,621All other assets
  • $174,002Total liabilities and capital
  • $171,811Total liabilities
  • $146,605Total deposits
  • $171,811Interest-bearing deposits
  • $90Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $0Federal funds purchased & repurchase agreements
  • $1,500Trading liabilities
  • $0Other borrowed funds
  • $691Subordinated debt
  • $18,162All other liabilities
  • $18,162Total equity capital
  • $18,162Total bank equity capital
  • $0Perpetual preferred stock
  • $2,500Common stock
  • $11,110Surplus
  • $4,552Undivided profits
  • Memoranda
  • $0Noncurrent loans and leases
  • $516Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $4,540Income earned, not collected on loans
  • $8Earning assets
  • $471Long-term assets (5+ years)
  • $180,280Average Assets, year-to-date
  • $17,518Average Assets, quarterly
  • $191,189Volatile liabilities
  • $193,669Insider loans
  • $145,448FHLB advances
  • $195,025Loans and leases held for sale
  • $2,535Unused loan commitments
  • $2,535Tier 1 (core) risk-based capital
  • $17,764Tier 2 risk-based capital
  • $0Total risk weighted assets
  • $0Total unused commitments
  • $35,504Restructured Loans and leases
  • $2,630Derivatives

Income and Expense (December 31, 2011)

  • Dollar figures in thousands
  • $8,504Total interest income
  • $1,669Total interest expense
  • $6,835Net interest income
  • $312Provision for loan and lease losses
  • $525Total noninterest income
  • $0Fiduciary activities
  • $177Service charges on deposit accounts
  • $0Trading account gains & fees
  • $348Additional noninterest income
  • $5,498Total noninterest expense
  • $2,472Salaries and employee benefits
  • $882Premises and equipment expense
  • $2,144Additional noninterest expense
  • $1,550Pre-tax net operating income
  • $4Securities gains (losses)
  • $441Applicable income taxes
  • $1,113Income before extraordinary items
  • $0Extraordinary gains - net
  • $1,113Net income attributable to bank
  • $0Net charge-offs
  • $1,113Cash dividends
  • $1,846Sale, conversion, retirement of capital stock, net
  • $64Net operating income

Performance and Condition Ratios (December 31, 2011)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 4.73%Yield on earning assets
  • 0.93%Cost of funding earning assets
  • 3.81%Net interest margin
  • 0.29%Noninterest income to earning assets
  • 3.06%Noninterest expense to earning assets
  • 0.58%Net operating income to assets
  • 0.58%Return on assets (ROA)
  • 0.81%Pretax return on assets
  • 6.32%Return on equity (ROE)
  • 5.95%Retained earnings to average equity (YTD only)
  • 1.20%Net charge-offs to loans
  • 16.90%Credit loss provision to net charge-offs
  • 1.01%Efficiency ratio
  • 74,701Assets per employee
  • 5.49%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 5.75%Loss allowance to loans
  • 2.09%Loss allowance to noncurrent loans
  • 66.30%Noncurrent assets plus other real estate owned to assets
  • 2.91%Noncurrent loans to loans
  • 3.15%Net loans and leases to deposits
  • 82.14%Net loans and leases to core deposits
  • 95.29%Equity capital to assets
  • 9.45%Core capital (leverage) ratio
  • 9.11%Tier 1 risk-based capital ratio
  • 12.21%Total risk-based capital ratio
  • Memoranda
  • $13Average assets
  • $191,189Average earning assets
  • $17,617Average equity
  • $179,632Average loans

List of branches

  • 3 Ohio Branches as of April 05, 2012
  • NoIDNameAddressEstablishedService TypeMap
    061957Western Reserve Bank4015 Medina Road, Medina, OH 44256November 06, 1998Full Service Brick and Mortar
    1359282Western Reserve Masonic Branch4931 Nettleton Road, Medina, OH 44256July 11, 2000Limited Service Facility
    3439260Brecksville Branch8751 Brecksville Road, Brecksville, OH 44141October 04, 2004Full Service Brick and Mortar

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