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

This bank is inactive as of January 12, 1996

  • Western Reserve Bank of Ohio in Lowellville, Ohio (OH)
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Western Reserve Bank of Ohio - Overview

  • General
  • FDIC Certificate #: 8963
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Sky Bank (#14641)
    Federal Reserve ID: 42822
    Date Established: March 08, 1906
    Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC
    Offices: 4 (Interstate: No)
    FDIC's unique #: 5724
    Numeric code: 21
    Regulator: FDIC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: January 12, 1996
    Last Structure Change Process Date: January 25, 1996
    Last Data Update: January 25, 1996
    Data Source Date: April 05, 2012
  • Location
  • Address: 102 Waters Street, Lowellville, OH 44436
    County: Mahoning
    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): Youngstown-Warren, OH (#9320)
    Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
    Core Based Statistical Area (CBSA): Youngstown-Warren-Boardman, OH-PA (#49660)
    CBSA Metro Statistical Area: Youngstown-Warren-Boardman, OH-PA (#49660)
  • Financial Summary
  • Total assets: $64.8 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1994)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $41Total assets
  • $62,666Cash and due from depository institutions
  • $1,985Interest-bearing balances
  • $0Securities
  • $25,178Federal funds sold & reverse repurchase agreements
  • $1,132Net loans & leases
  • $32,362Loan loss allowance
  • $802Trading account assets
  • $0Bank premises and fixed assets
  • $916Other real estate owned
  • $2Goodwill and other intangibles
  • $1,090Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $62,666Total liabilities
  • $58,012Total deposits
  • $57,803Interest-bearing deposits
  • $50,794Deposits held in domestic offices
  • 57803.00%% insured (estimated)
  • $95Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $209Total equity capital
  • $209Total bank equity capital
  • $4,654Perpetual preferred stock
  • $0Common stock
  • $800Surplus
  • $1,700Undivided profits
  • Memoranda
  • $2,154Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $285Income earned, not collected on loans
  • $189Earning assets
  • $58,672Long-term assets (5+ years)
  • $21,881Average Assets, year-to-date
  • $60,706Average Assets, quarterly
  • $62,090Volatile liabilities
  • $2,075Insider loans
  • $798FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $10,963Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $5,405Total risk weighted assets
  • $34,446Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1994)

  • Dollar figures in thousands
  • $0Total interest income
  • $4,408Total interest expense
  • $1,769Net interest income
  • $2,639Provision for loan and lease losses
  • $31Total noninterest income
  • $400Fiduciary activities
  • $0Service charges on deposit accounts
  • $191Trading account gains & fees
  • $0Additional noninterest income
  • $209Total noninterest expense
  • $2,019Salaries and employee benefits
  • $826Premises and equipment expense
  • $237Additional noninterest expense
  • $956Pre-tax net operating income
  • $989Securities gains (losses)
  • -$89Applicable income taxes
  • $228Income before extraordinary items
  • $672Extraordinary gains - net
  • $0Net income attributable to bank
  • $672Net charge-offs
  • $131Cash dividends
  • $96Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1994)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 7.71%Cost of funding earning assets
  • 3.09%Net interest margin
  • 4.61%Noninterest income to earning assets
  • 0.70%Noninterest expense to earning assets
  • 3.53%Net operating income to assets
  • 1.22%Return on assets (ROA)
  • 1.11%Pretax return on assets
  • 1.48%Return on equity (ROE)
  • 14.02%Retained earnings to average equity (YTD only)
  • 12.02%Net charge-offs to loans
  • 0.41%Credit loss provision to net charge-offs
  • 23.66%Efficiency ratio
  • 66,436Assets per employee
  • 1.53%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 14.29%Loss allowance to loans
  • 2.42%Loss allowance to noncurrent loans
  • 281.40%Noncurrent assets plus other real estate owned to assets
  • 0.45%Noncurrent loans to loans
  • 0.86%Net loans and leases to deposits
  • 55.99%Net loans and leases to core deposits
  • 58.07%Equity capital to assets
  • 7.43%Core capital (leverage) ratio
  • 8.68%Tier 1 risk-based capital ratio
  • 15.69%Total risk-based capital ratio
  • Memoranda
  • $17Average assets
  • $60,706Average earning assets
  • $4,793Average equity
  • $57,184Average loans

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