Cherry Grove Savings Bank in Cincinnati, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of June 01, 1993

  • Cherry Grove Savings Bank in Cincinnati, Ohio (OH)
  • Show street view No street view available for this location

Cherry Grove Savings Bank - Overview

  • General
  • FDIC Certificate #: 28641
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: Towne Bank (#28009)
    Federal Reserve ID: 857071
    Date Established: March 09, 1923
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 2016
    FDIC's unique #: 41475
    Numeric code: 35
    Regulator: OTS
    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: August 07, 1985
    Last Structure Change Effective Date: June 01, 1993
    Last Structure Change Process Date: June 24, 1993
    Last Data Update: June 24, 1993
    Data Source Date: April 05, 2012
  • Location
  • Address: 8620 Beechmont Avenue, Cincinnati, OH 45255
    County: Hamilton
    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: $11.5 mil

Assets and Liabilities (December 31, 1992)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $5Total assets
  • $11,762Cash and due from depository institutions
  • $1,725Interest-bearing balances
  • $1,350Securities
  • $6,754Federal funds sold & reverse repurchase agreements
  • $0Net loans & leases
  • $2,658Loan loss allowance
  • $45Trading account assets
  • $0Bank premises and fixed assets
  • $296Other real estate owned
  • $0Goodwill and other intangibles
  • $329Life insurance assets
  • $0All other assets
  • $0Total liabilities and capital
  • $11,762Total liabilities
  • $10,109Total deposits
  • $10,023Interest-bearing deposits
  • $10,020Deposits held in domestic offices
  • 10023.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $86Total equity capital
  • $86Total bank equity capital
  • $1,653Perpetual preferred stock
  • $0Common stock
  • $100Surplus
  • $0Undivided profits
  • Memoranda
  • $1,553Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $9Earning assets
  • $10,762Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $12,027Average Assets, quarterly
  • $11,720Volatile liabilities
  • $518Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,653Total risk weighted assets
  • $2,882Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1992)

  • Dollar figures in thousands
  • $0Total interest income
  • $947Total interest expense
  • $451Net interest income
  • $496Provision for loan and lease losses
  • $30Total noninterest income
  • $49Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $49Total noninterest expense
  • $242Salaries and employee benefits
  • $123Premises and equipment expense
  • $16Additional noninterest expense
  • $103Pre-tax net operating income
  • $273Securities gains (losses)
  • $0Applicable income taxes
  • $50Income before extraordinary items
  • $223Extraordinary gains - net
  • $0Net income attributable to bank
  • $223Net charge-offs
  • $114Cash dividends
  • $5Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1992)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 8.55%Cost of funding earning assets
  • 4.07%Net interest margin
  • 4.48%Noninterest income to earning assets
  • 0.44%Noninterest expense to earning assets
  • 2.18%Net operating income to assets
  • 1.85%Return on assets (ROA)
  • 1.85%Pretax return on assets
  • 2.27%Return on equity (ROE)
  • 14.48%Retained earnings to average equity (YTD only)
  • 14.15%Net charge-offs to loans
  • 3.76%Credit loss provision to net charge-offs
  • 26.32%Efficiency ratio
  • 44,404Assets per employee
  • 2.35%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 2.24%Loss allowance to loans
  • 1.66%Loss allowance to noncurrent loans
  • 0.00%Noncurrent assets plus other real estate owned to assets
  • 0.00%Noncurrent loans to loans
  • 0.00%Net loans and leases to deposits
  • 26.52%Net loans and leases to core deposits
  • 27.96%Equity capital to assets
  • 14.05%Core capital (leverage) ratio
  • 14.05%Tier 1 risk-based capital ratio
  • 57.36%Total risk-based capital ratio
  • Memoranda
  • $58Average assets
  • $12,027Average earning assets
  • $1,540Average equity
  • $11,082Average loans

Comment about this bank, ask questions, or add new information about it:

This web site is not associated with, endorsed by, or sponsored by and has no official or unofficial affiliation with Cherry Grove Savings Bank.
Based on public records. Inadvertent errors are possible.
bankencyclopedia.com does not guarantee the accuracy or timeliness of any information on this site.  Use at your own risk.
Table of Contents