FDIC Certificate #: 34920 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Sky Bank (#5982) Federal Reserve ID: 2819103 Date Established: June 14, 1999 WWW:http://www.fallsbank.com Bank Charter Class: Savings banks, state charter, supervised by the FDIC Offices: 2 (Interstate: No) FDIC's unique #: 62037 Numeric code: 41 Regulator: FDIC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes FDIC Insured: Yes Insured Savings Institution: Yes State Chartered: Yes Date of Deposit Insurance: June 14, 1999 Last Structure Change Effective Date: December 03, 2005 Last Structure Change Process Date: Febuary 06, 2006 Last Data Update: Febuary 06, 2006 Data Source Date: April 05, 2012
Location
Address: 3087 Graham Road, Stow, OH 44224 County: Summit 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): Akron, OH (#80) Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28) Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184) Core Based Statistical Area (CBSA): Akron, OH (#10420) CBSA Metro Statistical Area: Akron, OH (#10420)
Financial Summary
Total assets: $80.3 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2004)
Dollar figures in thousands
20Total employees (full-time equivalent)
$83,629Total assets
$5,050Cash and due from depository institutions
$4,007Interest-bearing balances
$3,399Securities
$0Federal funds sold & reverse repurchase agreements
$70,165Net loans & leases
$581Loan loss allowance
$0Trading account assets
$3,196Bank premises and fixed assets
$57Other real estate owned
$214Goodwill and other intangibles
$0Life insurance assets
$1,548All other assets
$83,629Total liabilities and capital
$75,994Total liabilities
$51,806Total deposits
$49,493Interest-bearing deposits
$51,806Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$23,710Other borrowed funds
$0Subordinated debt
$478All other liabilities
$7,635Total equity capital
$7,635Total bank equity capital
$7,635Perpetual preferred stock
$0Common stock
$353Surplus
$6,666Undivided profits
Memoranda
$616Noncurrent loans and leases
$3,981Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$45Earning assets
$0Long-term assets (5+ years)
$311Average Assets, year-to-date
$77,571Average Assets, quarterly
$37,470Volatile liabilities
$79,092Insider loans
$82,211FHLB advances
$13,459Loans and leases held for sale
$78Unused loan commitments
$23,710Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,981Total unused commitments
$0Restructured Loans and leases
$581Derivatives
Income and Expense (December 31, 2004)
Dollar figures in thousands
$3,909Total interest income
$1,871Total interest expense
$2,038Net interest income
$0Provision for loan and lease losses
$671Total noninterest income
$0Fiduciary activities
$102Service charges on deposit accounts
$0Trading account gains & fees
$569Additional noninterest income
$2,203Total noninterest expense
$1,035Salaries and employee benefits
$265Premises and equipment expense
$903Additional noninterest expense
$506Pre-tax net operating income
$0Securities gains (losses)
$172Applicable income taxes
$334Income before extraordinary items
$0Extraordinary gains - net
$334Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$8Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2004)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.23%Yield on earning assets
2.50%Cost of funding earning assets
2.73%Net interest margin
0.90%Noninterest income to earning assets
2.95%Noninterest expense to earning assets
0.42%Net operating income to assets
0.42%Return on assets (ROA)
0.64%Pretax return on assets
4.49%Return on equity (ROE)
4.49%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
0.00%Credit loss provision to net charge-offs
63.25%Efficiency ratio
81,322Assets per employee
4.18%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.82%Loss allowance to noncurrent loans
1291.11%Noncurrent assets plus other real estate owned to assets
0.12%Noncurrent loans to loans
0.06%Net loans and leases to deposits
135.44%Net loans and leases to core deposits
166.67%Equity capital to assets
9.13%Core capital (leverage) ratio
9.26%Tier 1 risk-based capital ratio
14.76%Total risk-based capital ratio
Memoranda
$16Average assets
$79,092Average earning assets
$7,441Average equity
$74,714Average loans
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