FDIC Certificate #: 29802 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Firstmerit Bank, National Association (#13675) Federal Reserve ID: 359173 Date Established: January 01, 1889 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 4110 FDIC's unique #: 42636 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: March 10, 1938 Last Structure Change Effective Date: May 22, 1998 Last Structure Change Process Date: June 09, 1998 Last Data Update: June 09, 1998 Data Source Date: April 05, 2012
Location
Address: One East Main Street, West Jefferson, OH 43162 County: Madison 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): Columbus, OH (#1840) Combined Statistical Area (CSA): Columbus-Marion-Chillicothe, OH (#198) Core Based Statistical Area (CBSA): Columbus, OH (#18140) CBSA Metro Statistical Area: Columbus, OH (#18140)
Financial Summary
Total assets: $64.9 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
18Total employees (full-time equivalent)
$63,333Total assets
$1,754Cash and due from depository institutions
$518Interest-bearing balances
$2,314Securities
$4,750Federal funds sold & reverse repurchase agreements
$51,539Net loans & leases
$475Loan loss allowance
$0Trading account assets
$625Bank premises and fixed assets
$0Other real estate owned
$948Goodwill and other intangibles
$0Life insurance assets
$1,403All other assets
$63,333Total liabilities and capital
$55,399Total liabilities
$54,345Total deposits
$52,660Interest-bearing deposits
$54,345Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$1,054All other liabilities
$7,934Total equity capital
$7,934Total bank equity capital
$7,934Perpetual preferred stock
$0Common stock
$354Surplus
$8,335Undivided profits
Memoranda
$-755Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$1,086Earning assets
$0Long-term assets (5+ years)
$274Average Assets, year-to-date
$59,121Average Assets, quarterly
$0Volatile liabilities
$62,083Insider loans
$62,442FHLB advances
$1,737Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$3,970Total unused commitments
$0Restructured Loans and leases
$39,313Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$4,891Total interest income
$2,933Total interest expense
$1,958Net interest income
$206Provision for loan and lease losses
$391Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$391Additional noninterest income
$1,775Total noninterest expense
$677Salaries and employee benefits
$296Premises and equipment expense
$802Additional noninterest expense
$368Pre-tax net operating income
$66Securities gains (losses)
$162Applicable income taxes
$272Income before extraordinary items
$0Extraordinary gains - net
$272Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$26Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.42%Yield on earning assets
5.05%Cost of funding earning assets
3.37%Net interest margin
0.67%Noninterest income to earning assets
3.06%Noninterest expense to earning assets
0.37%Net operating income to assets
0.44%Return on assets (ROA)
0.70%Pretax return on assets
3.77%Return on equity (ROE)
3.77%Retained earnings to average equity (YTD only)
0.05%Net charge-offs to loans
792.31%Credit loss provision to net charge-offs
22.08%Efficiency ratio
73,819Assets per employee
3.52%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
0.91%Loss allowance to noncurrent loans
43.74%Noncurrent assets plus other real estate owned to assets
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