FDIC Certificate #: 27808 Status: Inactive Closing history: Absorption - Assisted Acquiring institution:Foundation Bank (#28724) Federal Reserve ID: 666273 Date Established: January 01, 1916 Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 1 (Interstate: No) OTS Docket #: 313 FDIC's unique #: 40642 Numeric code: 42 Regulator: FDIC Insurance Fund Membership: Deposit Insurance Fund (DIF) FDIC Insured: Yes Insured Savings Institution: Yes Deposit Insurance Fund member: Yes State Chartered: Yes Date of Deposit Insurance: August 13, 1935 Last Structure Change Effective Date: September 17, 2010 Last Structure Change Process Date: September 20, 2010 Last Data Update: September 20, 2010 Data Source Date: April 05, 2012
Location
Address: 954 State Route 28, Milford, OH 45150 County: Clermont 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): Cincinnati, OH-KY-IN (#1640) Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21) Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178) Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140) CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
Financial Summary
Total assets: $47.5 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2009)
Dollar figures in thousands
11Total employees (full-time equivalent)
$49,493Total assets
$5,829Cash and due from depository institutions
$5,464Interest-bearing balances
$1,222Securities
$0Federal funds sold & reverse repurchase agreements
$36,335Net loans & leases
$934Loan loss allowance
$0Trading account assets
$633Bank premises and fixed assets
$4,248Other real estate owned
$108Goodwill and other intangibles
$0Life insurance assets
$1,118All other assets
$49,493Total liabilities and capital
$47,809Total liabilities
$42,340Total deposits
$41,544Interest-bearing deposits
$42,340Deposits held in domestic offices
98.04%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$5,064Other borrowed funds
$0Subordinated debt
$405All other liabilities
$1,684Total equity capital
$1,684Total bank equity capital
$1,684Perpetual preferred stock
$0Common stock
$0Surplus
$0Undivided profits
Memoranda
$1,684Noncurrent loans and leases
$1,243Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,744Earning assets
$0Long-term assets (5+ years)
$190Average Assets, year-to-date
$43,021Average Assets, quarterly
$16,056Volatile liabilities
$51,187Insider loans
$48,388FHLB advances
$18,930Loans and leases held for sale
$0Unused loan commitments
$5,064Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$1,243Total unused commitments
$1,176Restructured Loans and leases
$401Derivatives
Income and Expense (December 31, 2009)
Dollar figures in thousands
$2,710Total interest income
$1,624Total interest expense
$1,086Net interest income
$300Provision for loan and lease losses
$466Total noninterest income
$0Fiduciary activities
$39Service charges on deposit accounts
$0Trading account gains & fees
$427Additional noninterest income
$2,301Total noninterest expense
$764Salaries and employee benefits
$170Premises and equipment expense
$1,367Additional noninterest expense
-$1,049Pre-tax net operating income
$0Securities gains (losses)
$818Applicable income taxes
-$1,867Income before extraordinary items
$0Extraordinary gains - net
-$1,867Net income attributable to bank
$0Net charge-offs
-$1,867Cash dividends
$215Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2009)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.10%Yield on earning assets
3.66%Cost of funding earning assets
2.44%Net interest margin
1.05%Noninterest income to earning assets
5.18%Noninterest expense to earning assets
-3.65%Net operating income to assets
-3.65%Return on assets (ROA)
-2.05%Pretax return on assets
-70.22%Return on equity (ROE)
-70.22%Retained earnings to average equity (YTD only)
0.56%Net charge-offs to loans
139.53%Credit loss provision to net charge-offs
-3.48%Efficiency ratio
147,229Assets per employee
4.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.51%Loss allowance to noncurrent loans
34.04%Noncurrent assets plus other real estate owned to assets
14.13%Noncurrent loans to loans
7.36%Net loans and leases to deposits
85.82%Net loans and leases to core deposits
127.90%Equity capital to assets
3.40%Core capital (leverage) ratio
3.48%Tier 1 risk-based capital ratio
5.31%Total risk-based capital ratio
Memoranda
$7Average assets
$51,187Average earning assets
$2,659Average equity
$44,418Average loans
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