FDIC Certificate #: 35101 Status: Active Federal Reserve ID: 2836306 Bank Holding Company (Regulatory Top Holder): Buckeye Bancshares, Inc. (RSSDID: 2836294, Location: Lorain, OH) Date Established: October 12, 1999 WWW:http://www.buckeyebank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 74680 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: October 12, 1999 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: 105 Sheffield Center, Lorain, OH 44055 County: Lorain 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: $144.3 mil Equity capital: $14.5 mil Deposits held in domestic offices: $127.0 mil Return on assets (ROA): 0.23% ($0.3 mil) Quarterly return on assets: 0.35% ($0.5 mil) Return on Equity (ROE): 2.32% ($0.3 mil) Quarterly return on equity: 3.57% ($0.5 mil) Net income: $0.3 mil Quarterly Net income: $0.1 mil Pretax return on assets: 0.33% ($476.0 mil) Quarterly Pretax return on assets: 0.52% ($750.1 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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
25Total employees (full-time equivalent)
$144,253Total assets
$7,768Cash and due from depository institutions
$5,438Interest-bearing balances
$25,690Securities
$29Federal funds sold & reverse repurchase agreements
$105,523Net loans & leases
$3,359Loan loss allowance
$0Trading account assets
$327Bank premises and fixed assets
$1,764Other real estate owned
$0Goodwill and other intangibles
$144,253Life insurance assets
$3,152All other assets
$129,737Total liabilities and capital
$126,961Total liabilities
$110,930Total deposits
$126,961Interest-bearing deposits
$91Deposits held in domestic offices
1876.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$202Trading liabilities
$0Other borrowed funds
$698Subordinated debt
$14,516All other liabilities
$14,516Total equity capital
$14,516Total bank equity capital
$0Perpetual preferred stock
$2,500Common stock
$11,764Surplus
$252Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,735Income earned, not collected on loans
$0Earning assets
$382Long-term assets (5+ years)
$136,680Average Assets, year-to-date
$17,921Average Assets, quarterly
$146,242Volatile liabilities
$145,731Insider loans
$107,342FHLB advances
$147,450Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$13,849Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$24,056Restructured Loans and leases
$6,692Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$6,457Total interest income
$1,484Total interest expense
$4,973Net interest income
$1,274Provision for loan and lease losses
$619Total noninterest income
$0Fiduciary activities
$288Service charges on deposit accounts
$0Trading account gains & fees
$331Additional noninterest income
$3,967Total noninterest expense
$1,618Salaries and employee benefits
$272Premises and equipment expense
$2,077Additional noninterest expense
$351Pre-tax net operating income
$125Securities gains (losses)
$146Applicable income taxes
$330Income before extraordinary items
$0Extraordinary gains - net
$330Net income attributable to bank
$0Net charge-offs
$330Cash dividends
$655Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.66%Yield on earning assets
1.07%Cost of funding earning assets
3.59%Net interest margin
0.45%Noninterest income to earning assets
2.86%Noninterest expense to earning assets
0.17%Net operating income to assets
0.23%Return on assets (ROA)
0.33%Pretax return on assets
2.32%Return on equity (ROE)
2.32%Retained earnings to average equity (YTD only)
0.59%Net charge-offs to loans
194.50%Credit loss provision to net charge-offs
2.48%Efficiency ratio
70,941Assets per employee
5.77%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.08%Loss allowance to noncurrent loans
89.93%Noncurrent assets plus other real estate owned to assets
3.81%Noncurrent loans to loans
3.43%Net loans and leases to deposits
83.11%Net loans and leases to core deposits
93.56%Equity capital to assets
10.06%Core capital (leverage) ratio
9.39%Tier 1 risk-based capital ratio
12.90%Total risk-based capital ratio
Memoranda
$14Average assets
$146,242Average earning assets
$14,200Average equity
$138,644Average loans
List of branches
1 Ohio Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
74680
Buckeye Community Bank
105 Sheffield Center, Lorain, OH 44055
October 12, 1999
Full Service Brick and Mortar
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