FDIC Certificate #: 22925 Status: Active Federal Reserve ID: 956527 Bank Holding Company (Regulatory Top Holder): Independence Banccorp (RSSDID: 1070970, Location: Independence, OH) Date Established: August 15, 1979 Trust Powers Granted: No Bank Charter Class: Commercial bank, state charter and Fed nonmember, supervised by the FDIC Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 16032 Numeric code: 21 Regulator: FDIC 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: Yes Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: August 15, 1979 Last Structure Change Effective Date: September 01, 2010 Last Structure Change Process Date: September 09, 2010 Last Data Update: September 09, 2010 Data Source Date: April 05, 2012
Location
Address: 4401 Rockside Road, Independence, OH 44131 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: $156.8 mil Equity capital: $19.1 mil Deposits held in domestic offices: $137.5 mil Return on assets (ROA): 0.74% ($1.2 mil) Quarterly return on assets: 0.48% ($0.8 mil) Return on Equity (ROE): 6.37% ($1.2 mil) Quarterly return on equity: 4.03% ($0.8 mil) Net income: $1.2 mil Quarterly Net income: $0.2 mil Pretax return on assets: 1.02% ($1,599.9 mil) Quarterly Pretax return on assets: 0.77% ($1,207.7 mil)
1992 - 1999 Historical total assets, liabilities and capital ($ 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
24Total employees (full-time equivalent)
$156,850Total assets
$22,806Cash and due from depository institutions
$0Interest-bearing balances
$32,753Securities
$0Federal funds sold & reverse repurchase agreements
$97,440Net loans & leases
$4,225Loan loss allowance
$0Trading account assets
$17Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$156,850Life insurance assets
$3,834All other assets
$137,740Total liabilities and capital
$137,460Total liabilities
$106,076Total deposits
$137,460Interest-bearing deposits
$70Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$280Subordinated debt
$19,110All other liabilities
$19,110Total equity capital
$19,110Total bank equity capital
$0Perpetual preferred stock
$1,000Common stock
$1,144Surplus
$16,966Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$3,226Income earned, not collected on loans
$0Earning assets
$629Long-term assets (5+ years)
$130,193Average Assets, year-to-date
$24,671Average Assets, quarterly
$162,186Volatile liabilities
$162,295Insider loans
$106,143FHLB advances
$169,042Loans and leases held for sale
$1,290Unused loan commitments
$1,290Tier 1 (core) risk-based capital
$18,863Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$3,023Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$7,008Total interest income
$1,284Total interest expense
$5,724Net interest income
$1,023Provision for loan and lease losses
$153Total noninterest income
$0Fiduciary activities
$130Service charges on deposit accounts
$0Trading account gains & fees
$23Additional noninterest income
$3,943Total noninterest expense
$2,172Salaries and employee benefits
$159Premises and equipment expense
$1,612Additional noninterest expense
$911Pre-tax net operating income
$749Securities gains (losses)
$460Applicable income taxes
$1,200Income before extraordinary items
$0Extraordinary gains - net
$1,200Net income attributable to bank
$0Net charge-offs
$1,200Cash dividends
$1,448Sale, conversion, retirement of capital stock, net
$622Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.22%Yield on earning assets
0.96%Cost of funding earning assets
4.27%Net interest margin
0.11%Noninterest income to earning assets
2.94%Noninterest expense to earning assets
0.41%Net operating income to assets
0.74%Return on assets (ROA)
1.02%Pretax return on assets
6.37%Return on equity (ROE)
3.07%Retained earnings to average equity (YTD only)
1.34%Net charge-offs to loans
70.65%Credit loss provision to net charge-offs
1.34%Efficiency ratio
67,092Assets per employee
6.54%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.83%Loss allowance to loans
4.16%Loss allowance to noncurrent loans
130.97%Noncurrent assets plus other real estate owned to assets
2.06%Noncurrent loans to loans
3.17%Net loans and leases to deposits
70.89%Net loans and leases to core deposits
106.30%Equity capital to assets
12.18%Core capital (leverage) ratio
11.16%Tier 1 risk-based capital ratio
17.77%Total risk-based capital ratio
Memoranda
$19Average assets
$162,186Average earning assets
$18,825Average equity
$134,202Average loans
Total Fiduciary and Related Assets (December 31, 2002)
Dollar figures in thousands
$1Total fiduciary and related assets
1Number of Fiduciary Accounts and Related Asset Accounts
YesFiduciary powers granted
YesFiduciary or related activity
$46,370Managed Assets
1Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$0Other retirement accounts
$0Corporate trust and agency accounts
$0Investment management agency accounts
$0Other fiduciary accounts
$0Fiduciary accounts held in foreign offices
$0Non-managed Assets
214Number of Accounts
$0Personal trust and agency accounts
$0Employee benefit-defined contribution accounts
$0Employee benefit-defined benefit accounts
$46,370Other retirement accounts
$8,381Corporate trust and agency accounts
$11,323Other fiduciary accounts
$14,282Fiduciary accounts held in foreign offices
List of branches
1 Ohio Branch as of April 05, 2012
No
ID
Name
Address
Established
Service Type
Map
0
16032
Independence Bank
4401 Rockside Road, Independence, OH 44131
August 15, 1979
Full Service Brick and Mortar
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