FDIC Certificate #: 33855 Status: Active Federal Reserve ID: 2122997 Date Established: October 19, 1993 Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 48163 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Other Specialized Lending < 1 Billion Date of Deposit Insurance: October 19, 1993 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: 6275 Eastland Road, Brook Park, OH 44142 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)
History of Changes
Merge BIF and SAIF Funds into DIF
Financial Summary
Total assets: $29.1 mil Equity capital: $26.4 mil Deposits held in domestic offices: $0.5 mil Return on assets (ROA): 46.88% ($13.6 mil) Quarterly return on assets: 45.36% ($13.2 mil) Return on Equity (ROE): 51.45% ($13.4 mil) Quarterly return on equity: 49.97% ($13.0 mil) Net income: $12.4 mil Quarterly Net income: $3.3 mil Pretax return on assets: 73.97% ($21,529.7 mil) Quarterly Pretax return on assets: 73.54% ($21,404.6 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2011)
Dollar figures in thousands
177Total employees (full-time equivalent)
$29,106Total assets
$29,045Cash and due from depository institutions
$29,045Interest-bearing balances
$0Securities
$0Federal funds sold & reverse repurchase agreements
$0Net loans & leases
$0Loan loss allowance
$0Trading account assets
$0Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$29,106Life insurance assets
$61All other assets
$2,728Total liabilities and capital
$500Total liabilities
$500Total deposits
$500Interest-bearing deposits
$50Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$2,228Subordinated debt
$26,378All other liabilities
$26,378Total equity capital
$26,378Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$1,000Surplus
$24,378Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$0Earning assets
$0Long-term assets (5+ years)
$29,045Average Assets, year-to-date
$0Average Assets, quarterly
$26,346Volatile liabilities
$28,906Insider loans
$5,870FHLB advances
$29,401Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$26,378Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$5,371,951Restructured Loans and leases
$0Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$34Total interest income
$2Total interest expense
$32Net interest income
$0Provision for loan and lease losses
$40,033Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$40,033Additional noninterest income
$20,578Total noninterest expense
$8,122Salaries and employee benefits
$1,131Premises and equipment expense
$11,325Additional noninterest expense
$19,487Pre-tax net operating income
$0Securities gains (losses)
$7,135Applicable income taxes
$12,352Income before extraordinary items
$0Extraordinary gains - net
$12,352Net income attributable to bank
$0Net charge-offs
$12,352Cash dividends
$0Sale, conversion, retirement of capital stock, net
$7,000Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
0.13%Yield on earning assets
0.01%Cost of funding earning assets
0.12%Net interest margin
152.33%Noninterest income to earning assets
78.30%Noninterest expense to earning assets
46.88%Net operating income to assets
46.88%Return on assets (ROA)
73.97%Pretax return on assets
51.45%Return on equity (ROE)
22.29%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
0.00%Efficiency ratio
51,362Assets per employee
0.16%Cash dividends to net income (YTD only)
Condition Ratios (%)
56.67%Loss allowance to loans
0.00%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
0.00%Net loans and leases to core deposits
0.00%Equity capital to assets
90.63%Core capital (leverage) ratio
89.72%Tier 1 risk-based capital ratio
449.37%Total risk-based capital ratio
Memoranda
$449Average assets
$26,346Average earning assets
$24,006Average equity
$26,281Average loans
List of branches
1 Ohio Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
48163
Credit First National Association
6275 Eastland Road, Brook Park, OH 44142
October 19, 1993
Full Service Brick and Mortar
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