First County Bank, National Association in city_name, state_name

First County Bank, National Association in Chardon, Ohio (OH)
Show street view No street view available for this location

First County Bank, National Association - Overview

General
FDIC Certificate #: 27230
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: Metropolitan National Bank (#32298)
Federal Reserve ID: 1189032
Date Established: May 02, 1988
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 3 (Interstate: No)
OTS Docket #: 13166
FDIC's unique #: 39164
Numeric code: 3
Regulator: OCC
Insurance Fund Membership: Bank Insurance Fund (BIF)
Bank Insurance Fund: Yes
Insured commercial Banks: Yes
FDIC Insured: Yes
State Chartered: No
Date of Deposit Insurance: May 02, 1988
Last Structure Change Effective Date: April 26, 2000
Last Structure Change Process Date: May 23, 2000
Last Data Update: May 23, 2000
Data Source Date: April 05, 2012
Location
Address: 540 Water Street, Chardon, OH 44024
County: Geauga
Quarterly Banking Profile Region: Chicago
FDIC Geographic Region: Chicago
FDIC Supervisory Region: New York
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: $63.6 mil

1992 - 1999 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, 1999)

Dollar figures in thousands
27Total employees (full-time equivalent)
$62,652Total assets
$3,965Cash and due from depository institutions
$4Interest-bearing balances
$5,729Securities
$1,700Federal funds sold & reverse repurchase agreements
$47,360Net loans & leases
$741Loan loss allowance
$0Trading account assets
$1,755Bank premises and fixed assets
$246Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,897All other assets
$62,652Total liabilities and capital
$58,457Total liabilities
$56,954Total deposits
$46,297Interest-bearing deposits
$56,954Deposits held in domestic offices
0.00%% insured (estimated)
$616Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$887All other liabilities
$4,195Total equity capital
$4,195Total bank equity capital
$4,195Perpetual preferred stock
$0Common stock
$75Surplus
$1,530Undivided profits
Memoranda
$2,590Noncurrent loans and leases
$7,684Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$966Earning assets
$91Long-term assets (5+ years)
$193Average Assets, year-to-date
$54,793Average Assets, quarterly
$13,910Volatile liabilities
$61,287Insider loans
$61,797FHLB advances
$9,939Loans and leases held for sale
$56Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$106Total risk weighted assets
$7,684Total unused commitments
$0Restructured Loans and leases
$578Derivatives

Income and Expense (December 31, 1999)

Dollar figures in thousands
$4,418Total interest income
$1,984Total interest expense
$2,434Net interest income
$108Provision for loan and lease losses
$713Total noninterest income
$0Fiduciary activities
$410Service charges on deposit accounts
$0Trading account gains & fees
$303Additional noninterest income
$2,388Total noninterest expense
$1,018Salaries and employee benefits
$280Premises and equipment expense
$1,090Additional noninterest expense
$651Pre-tax net operating income
$0Securities gains (losses)
$206Applicable income taxes
$445Income before extraordinary items
$0Extraordinary gains - net
$445Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$5Sale, conversion, retirement of capital stock, net
$243Net operating income

Performance and Condition Ratios (December 31, 1999)

Dollar figures in thousands
Performance Ratios (%, annualized)
8.16%Yield on earning assets
3.66%Cost of funding earning assets
4.49%Net interest margin
1.32%Noninterest income to earning assets
4.41%Noninterest expense to earning assets
0.73%Net operating income to assets
0.73%Return on assets (ROA)
1.06%Pretax return on assets
10.68%Return on equity (ROE)
4.85%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
2160.00%Credit loss provision to net charge-offs
151.80%Efficiency ratio
75,882Assets per employee
2.32%Cash dividends to net income (YTD only)
Condition Ratios (%)
54.61%Loss allowance to loans
1.54%Loss allowance to noncurrent loans
76.71%Noncurrent assets plus other real estate owned to assets
1.93%Noncurrent loans to loans
2.01%Net loans and leases to deposits
83.15%Net loans and leases to core deposits
99.43%Equity capital to assets
6.70%Core capital (leverage) ratio
6.94%Tier 1 risk-based capital ratio
9.37%Total risk-based capital ratio
Memoranda
$11Average assets
$61,287Average earning assets
$4,166Average equity
$54,156Average loans

First County Bank, National Association in Chardon, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

First County Bank, National Association - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

First County Bank, National Association in Chardon, Ohio (OH)Overview, Financial Summary, Detailed Financial Reports, Branches

First County Bank, National Association - Overview

Assets and Liabilities (December 31, 1999)

Income and Expense (December 31, 1999)

Performance and Condition Ratios (December 31, 1999)

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

First County Bank, National Association in Chardon, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches