Bank One, Cleveland, National Association in Cleveland, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of May 17, 1997

  • Bank One, Cleveland, National Association in Cleveland, Ohio (OH)
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Bank One, Cleveland, National Association - Overview

  • General
  • FDIC Certificate #: 17219
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Bank One, National Association (#6559)
    Federal Reserve ID: 444127
    Date Established: May 14, 1953
    Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
    Offices: 56 (Interstate: No)
    FDIC's unique #: 11247
    Numeric code: 3
    Regulator: OCC
    Insurance Fund Membership: Bank Insurance Fund (BIF)
    Bank Insurance Fund: Yes
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Oakar Institutions: Yes
    State Chartered: No
    Date of Deposit Insurance: May 14, 1953
    Last Structure Change Effective Date: May 17, 1997
    Last Structure Change Process Date: June 02, 1997
    Last Data Update: June 02, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 600 Superior Avenue, Cleveland, OH 44114
    County: Cuyahoga
    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)
  • Financial Summary
  • Total assets: $2,541.1 mil

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

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $722Total assets
  • $2,556,309Cash and due from depository institutions
  • $120,795Interest-bearing balances
  • $1,000Securities
  • $315,994Federal funds sold & reverse repurchase agreements
  • $33,856Net loans & leases
  • $1,944,216Loan loss allowance
  • $19,445Trading account assets
  • $0Bank premises and fixed assets
  • $21,570Other real estate owned
  • $3,612Goodwill and other intangibles
  • $109,937Life insurance assets
  • $6,329All other assets
  • $0Total liabilities and capital
  • $2,556,309Total liabilities
  • $2,362,838Total deposits
  • $1,765,795Interest-bearing deposits
  • $1,378,291Deposits held in domestic offices
  • 1765795.00%% insured (estimated)
  • $79Federal funds purchased & repurchase agreements
  • $511,275Trading liabilities
  • $0Other borrowed funds
  • $8,264Subordinated debt
  • $60,387All other liabilities
  • $17,117Total equity capital
  • $17,117Total bank equity capital
  • $193,471Perpetual preferred stock
  • $0Common stock
  • $8,084Surplus
  • $33,994Undivided profits
  • Memoranda
  • $151,393Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $21,968Income earned, not collected on loans
  • $17,326Earning assets
  • $2,295,066Long-term assets (5+ years)
  • $510,683Average Assets, year-to-date
  • $2,618,992Average Assets, quarterly
  • $2,563,146Volatile liabilities
  • $595,581Insider loans
  • $210FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $828,057Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $185,766Total risk weighted assets
  • $2,289,805Total unused commitments
  • $0Restructured Loans and leases
  • $966,323Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $197,389Total interest expense
  • $87,500Net interest income
  • $109,889Provision for loan and lease losses
  • $10,435Total noninterest income
  • $38,681Fiduciary activities
  • $0Service charges on deposit accounts
  • $14,257Trading account gains & fees
  • $26Additional noninterest income
  • $24,398Total noninterest expense
  • $87,289Salaries and employee benefits
  • $28,579Premises and equipment expense
  • $11,971Additional noninterest expense
  • $46,739Pre-tax net operating income
  • $50,846Securities gains (losses)
  • -$83Applicable income taxes
  • $15,316Income before extraordinary items
  • $35,447Extraordinary gains - net
  • $0Net income attributable to bank
  • $35,447Net charge-offs
  • $10,315Cash dividends
  • $18,840Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.60%Cost of funding earning assets
  • 3.81%Net interest margin
  • 4.79%Noninterest income to earning assets
  • 1.69%Noninterest expense to earning assets
  • 3.80%Net operating income to assets
  • 1.36%Return on assets (ROA)
  • 1.35%Pretax return on assets
  • 1.94%Return on equity (ROE)
  • 19.05%Retained earnings to average equity (YTD only)
  • 8.93%Net charge-offs to loans
  • 0.52%Credit loss provision to net charge-offs
  • 101.16%Efficiency ratio
  • 56,851Assets per employee
  • 3.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 53.15%Loss allowance to loans
  • 0.99%Loss allowance to noncurrent loans
  • 88.52%Noncurrent assets plus other real estate owned to assets
  • 1.00%Noncurrent loans to loans
  • 1.12%Net loans and leases to deposits
  • 110.10%Net loans and leases to core deposits
  • 115.44%Equity capital to assets
  • 7.57%Core capital (leverage) ratio
  • 7.26%Tier 1 risk-based capital ratio
  • 8.11%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $2,618,992Average earning assets
  • $186,065Average equity
  • $2,294,554Average loans

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