FDIC Certificate #: 28345 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Charter One Bank, National Association (#28932) Federal Reserve ID: 67179 Date Established: January 01, 1893 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1406 FDIC's unique #: 41179 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: September 11, 1935 Last Structure Change Effective Date: October 16, 1998 Last Structure Change Process Date: Febuary 18, 1999 Last Data Update: Febuary 18, 1999 Data Source Date: April 05, 2012
Location
Address: One Erieview Plaza, 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: $393.0 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
107Total employees (full-time equivalent)
$379,131Total assets
$16,173Cash and due from depository institutions
$14,658Interest-bearing balances
$3,181Securities
$1,975Federal funds sold & reverse repurchase agreements
$336,104Net loans & leases
$998Loan loss allowance
$0Trading account assets
$14,215Bank premises and fixed assets
$85Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$7,398All other assets
$379,131Total liabilities and capital
$350,818Total liabilities
$330,869Total deposits
$328,402Interest-bearing deposits
$330,869Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$17,063Other borrowed funds
$0Subordinated debt
$2,886All other liabilities
$28,313Total equity capital
$28,313Total bank equity capital
$28,313Perpetual preferred stock
$0Common stock
$265Surplus
$0Undivided profits
Memoranda
$28,048Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$4,224Earning assets
$0Long-term assets (5+ years)
$709Average Assets, year-to-date
$355,918Average Assets, quarterly
$0Volatile liabilities
$367,315Insider loans
$376,935FHLB advances
$46,390Loans and leases held for sale
$384Unused loan commitments
$17,063Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$13,728Total unused commitments
$0Restructured Loans and leases
$207,569Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$26,983Total interest income
$16,852Total interest expense
$10,131Net interest income
$231Provision for loan and lease losses
$1,950Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,950Additional noninterest income
$8,023Total noninterest expense
$4,612Salaries and employee benefits
$1,687Premises and equipment expense
$1,724Additional noninterest expense
$3,827Pre-tax net operating income
$0Securities gains (losses)
$1,297Applicable income taxes
$2,530Income before extraordinary items
$0Extraordinary gains - net
$2,530Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$50Sale, conversion, retirement of capital stock, net
$371Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
7.83%Yield on earning assets
4.89%Cost of funding earning assets
2.94%Net interest margin
0.57%Noninterest income to earning assets
2.33%Noninterest expense to earning assets
0.69%Net operating income to assets
0.69%Return on assets (ROA)
1.04%Pretax return on assets
9.36%Return on equity (ROE)
7.99%Retained earnings to average equity (YTD only)
0.02%Net charge-offs to loans
462.00%Credit loss provision to net charge-offs
81.16%Efficiency ratio
66,410Assets per employee
3.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
14.66%Loss allowance to loans
0.30%Loss allowance to noncurrent loans
23.63%Noncurrent assets plus other real estate owned to assets
1.14%Noncurrent loans to loans
1.25%Net loans and leases to deposits
101.58%Net loans and leases to core deposits
111.46%Equity capital to assets
7.47%Core capital (leverage) ratio
7.47%Tier 1 risk-based capital ratio
13.64%Total risk-based capital ratio
Memoranda
$14Average assets
$367,315Average earning assets
$27,028Average equity
$344,670Average loans
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