FDIC Certificate #: 27642 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Advantage Bank (#29864) Federal Reserve ID: 834979 Date Established: January 01, 1885 WWW:http://www.advantagebank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 26 (Interstate: No) OTS Docket #: 39 FDIC's unique #: 40476 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: January 16, 1937 Last Structure Change Effective Date: September 15, 2004 Last Structure Change Process Date: September 24, 2004 Last Data Update: September 24, 2004 Data Source Date: April 05, 2012
Location
Address: 814 Wheeling Avenue, Cambridge, OH 43725 County: Guernsey 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): Cambridge, OH (#15740) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $1,056.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2003)
Dollar figures in thousands
303Total employees (full-time equivalent)
$1,024,623Total assets
$42,337Cash and due from depository institutions
$19,489Interest-bearing balances
$113,282Securities
$0Federal funds sold & reverse repurchase agreements
$799,231Net loans & leases
$5,641Loan loss allowance
$0Trading account assets
$11,857Bank premises and fixed assets
$1,463Other real estate owned
$9,505Goodwill and other intangibles
$0Life insurance assets
$46,948All other assets
$1,024,623Total liabilities and capital
$945,889Total liabilities
$675,985Total deposits
$649,162Interest-bearing deposits
$675,985Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$262,735Other borrowed funds
$0Subordinated debt
$7,169All other liabilities
$78,734Total equity capital
$78,734Total bank equity capital
$78,734Perpetual preferred stock
$0Common stock
$3Surplus
$51,195Undivided profits
Memoranda
$27,536Noncurrent loans and leases
$95,166Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$13,608Earning assets
$0Long-term assets (5+ years)
$4,060Average Assets, year-to-date
$932,002Average Assets, quarterly
$351,204Volatile liabilities
$1,049,685Insider loans
$1,028,742FHLB advances
$131,404Loans and leases held for sale
$812Unused loan commitments
$262,735Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$5,457Total risk weighted assets
$95,166Total unused commitments
$0Restructured Loans and leases
$5,641Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$55,554Total interest income
$31,242Total interest expense
$24,312Net interest income
$1,446Provision for loan and lease losses
$11,080Total noninterest income
$0Fiduciary activities
$953Service charges on deposit accounts
$0Trading account gains & fees
$10,127Additional noninterest income
$24,930Total noninterest expense
$9,836Salaries and employee benefits
$3,669Premises and equipment expense
$11,425Additional noninterest expense
$9,016Pre-tax net operating income
$839Securities gains (losses)
$3,060Applicable income taxes
$6,795Income before extraordinary items
$0Extraordinary gains - net
$6,795Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1,295Sale, conversion, retirement of capital stock, net
$7,504Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.83%Yield on earning assets
3.28%Cost of funding earning assets
2.55%Net interest margin
1.16%Noninterest income to earning assets
2.62%Noninterest expense to earning assets
0.59%Net operating income to assets
0.65%Return on assets (ROA)
0.94%Pretax return on assets
8.50%Return on equity (ROE)
-0.89%Retained earnings to average equity (YTD only)
0.16%Net charge-offs to loans
111.66%Credit loss provision to net charge-offs
8.08%Efficiency ratio
70,440Assets per employee
3.38%Cash dividends to net income (YTD only)
Condition Ratios (%)
110.43%Loss allowance to loans
0.70%Loss allowance to noncurrent loans
41.45%Noncurrent assets plus other real estate owned to assets
1.47%Noncurrent loans to loans
1.69%Net loans and leases to deposits
118.23%Net loans and leases to core deposits
139.24%Equity capital to assets
7.68%Core capital (leverage) ratio
7.35%Tier 1 risk-based capital ratio
11.64%Total risk-based capital ratio
Memoranda
$13Average assets
$1,049,685Average earning assets
$79,920Average equity
$952,652Average loans
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