FDIC Certificate #: 57879 Status: Active Federal Reserve ID: 3288742 Date Established: January 18, 2005 WWW:http://www.lakenationalbank.com Trust Powers Granted: No Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Domestic: 1, Interstate: No) FDIC's unique #: 428844 Numeric code: 3 Regulator: OCC 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: No Subchapter S Corporations: No Asset Concentration Hierarchy: Commercial Lending Specialization Date of Deposit Insurance: January 18, 2005 Last Structure Change Effective Date: August 26, 2007 Last Structure Change Process Date: October 04, 2007 Last Data Update: October 04, 2007 Data Source Date: April 05, 2012
Location
Address: 7402 Center Street, Mentor, OH 44060 County: Lake 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)
History of Changes
Change in Location
Financial Summary
Total assets: $122.4 mil Equity capital: $11.5 mil Deposits held in domestic offices: $110.2 mil Return on assets (ROA): 0.77% ($0.9 mil) Quarterly return on assets: 0.91% ($1.1 mil) Return on Equity (ROE): 7.99% ($1.0 mil) Quarterly return on equity: 9.73% ($1.2 mil) Net income: $0.9 mil Quarterly Net income: $0.3 mil Pretax return on assets: 1.16% ($1,420.1 mil) Quarterly Pretax return on assets: 1.39% ($1,701.6 mil)
2000 - 2011 Historical total assets, liabilities and capital ($ 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)
$122,419Total assets
$27,112Cash and due from depository institutions
$25,855Interest-bearing balances
$1,513Securities
$3,432Federal funds sold & reverse repurchase agreements
$87,176Net loans & leases
$1,713Loan loss allowance
$0Trading account assets
$540Bank premises and fixed assets
$127Other real estate owned
$18Goodwill and other intangibles
$122,419Life insurance assets
$2,501All other assets
$110,890Total liabilities and capital
$110,217Total liabilities
$91,701Total deposits
$110,217Interest-bearing deposits
$83Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$673Subordinated debt
$11,529All other liabilities
$11,529Total equity capital
$11,529Total bank equity capital
$0Perpetual preferred stock
$1,100Common stock
$9,847Surplus
$582Undivided profits
Memoranda
$0Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$2,691Income earned, not collected on loans
$0Earning assets
$355Long-term assets (5+ years)
$117,976Average Assets, year-to-date
$25,161Average Assets, quarterly
$115,624Volatile liabilities
$121,202Insider loans
$82,041FHLB advances
$122,410Loans and leases held for sale
$0Unused loan commitments
$0Tier 1 (core) risk-based capital
$11,529Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$17,280Restructured Loans and leases
$2,034Derivatives
Income and Expense (December 31, 2011)
Dollar figures in thousands
$5,311Total interest income
$862Total interest expense
$4,449Net interest income
$540Provision for loan and lease losses
$120Total noninterest income
$0Fiduciary activities
$54Service charges on deposit accounts
$0Trading account gains & fees
$66Additional noninterest income
$2,682Total noninterest expense
$1,222Salaries and employee benefits
$386Premises and equipment expense
$1,074Additional noninterest expense
$1,347Pre-tax net operating income
$0Securities gains (losses)
$458Applicable income taxes
$889Income before extraordinary items
$0Extraordinary gains - net
$889Net income attributable to bank
$0Net charge-offs
$889Cash dividends
$655Sale, conversion, retirement of capital stock, net
$110Net operating income
Performance and Condition Ratios (December 31, 2011)
Dollar figures in thousands
Performance Ratios (%, annualized)
4.77%Yield on earning assets
0.77%Cost of funding earning assets
4.00%Net interest margin
0.11%Noninterest income to earning assets
2.41%Noninterest expense to earning assets
0.77%Net operating income to assets
0.77%Return on assets (ROA)
1.16%Pretax return on assets
7.99%Return on equity (ROE)
7.00%Retained earnings to average equity (YTD only)
0.77%Net charge-offs to loans
82.44%Credit loss provision to net charge-offs
2.88%Efficiency ratio
58,700Assets per employee
5.10%Cash dividends to net income (YTD only)
Condition Ratios (%)
12.37%Loss allowance to loans
1.93%Loss allowance to noncurrent loans
63.66%Noncurrent assets plus other real estate owned to assets
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