National City Bank, Norwalk in Norwalk, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of October 01, 1993

National City Bank, Norwalk in Norwalk, Ohio (OH)
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National City Bank, Norwalk - Overview

General
FDIC Certificate #: 12975
Status: Inactive
Closing history: Merger - Without Assistance
Acquiring institution: National City Bank (#6557)
Federal Reserve ID: 213426
Date Established: August 26, 1881
Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC)
Offices: 11 (Interstate: No)
FDIC's unique #: 8200
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: January 01, 1934
Last Structure Change Effective Date: October 01, 1993
Last Structure Change Process Date: November 19, 1993
Last Data Update: November 19, 1993
Data Source Date: April 05, 2012
Location
Address: 7-11 East Main Street, Norwalk, OH 44857
County: Huron
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
Core Based Statistical Area (CBSA): Norwalk, OH (#35940)
CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $257.3 mil

Assets and Liabilities (December 31, 1992)

Dollar figures in thousands
0Total employees (full-time equivalent)
$127Total assets
$254,134Cash and due from depository institutions
$11,525Interest-bearing balances
$0Securities
$4,255Federal funds sold & reverse repurchase agreements
$42,980Net loans & leases
$189,372Loan loss allowance
$2,215Trading account assets
$0Bank premises and fixed assets
$3,814Other real estate owned
$123Goodwill and other intangibles
$2,065Life insurance assets
$0All other assets
$0Total liabilities and capital
$254,134Total liabilities
$234,939Total deposits
$226,160Interest-bearing deposits
$198,296Deposits held in domestic offices
226160.00%% insured (estimated)
$92Federal funds purchased & repurchase agreements
$8,205Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$0All other liabilities
$574Total equity capital
$574Total bank equity capital
$19,195Perpetual preferred stock
$0Common stock
$2,400Surplus
$5,709Undivided profits
Memoranda
$11,086Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$570Income earned, not collected on loans
$1,309Earning assets
$236,607Long-term assets (5+ years)
$16,498Average Assets, year-to-date
$254,571Average Assets, quarterly
$252,468Volatile liabilities
$18,694Insider loans
$0FHLB advances
$0Loans and leases held for sale
$0Unused loan commitments
$30,687Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$19,195Total risk weighted assets
$176,702Total unused commitments
$0Restructured Loans and leases
$0Derivatives

Income and Expense (December 31, 1992)

Dollar figures in thousands
$0Total interest income
$18,935Total interest expense
$8,843Net interest income
$10,092Provision for loan and lease losses
$440Total noninterest income
$1,272Fiduciary activities
$1Service charges on deposit accounts
$906Trading account gains & fees
$0Additional noninterest income
$365Total noninterest expense
$7,177Salaries and employee benefits
$3,352Premises and equipment expense
$745Additional noninterest expense
$3,080Pre-tax net operating income
$3,747Securities gains (losses)
$0Applicable income taxes
$1,132Income before extraordinary items
$2,615Extraordinary gains - net
$317Net income attributable to bank
$2,932Net charge-offs
$358Cash dividends
$1,500Sale, conversion, retirement of capital stock, net
$0Net operating income

Performance and Condition Ratios (December 31, 1992)

Dollar figures in thousands
Performance Ratios (%, annualized)
0.00%Yield on earning assets
7.97%Cost of funding earning assets
3.72%Net interest margin
4.25%Noninterest income to earning assets
0.54%Noninterest expense to earning assets
3.02%Net operating income to assets
1.03%Return on assets (ROA)
1.15%Pretax return on assets
1.60%Return on equity (ROE)
15.78%Retained earnings to average equity (YTD only)
7.71%Net charge-offs to loans
0.19%Credit loss provision to net charge-offs
122.91%Efficiency ratio
63,156Assets per employee
2.00%Cash dividends to net income (YTD only)
Condition Ratios (%)
51.16%Loss allowance to loans
1.16%Loss allowance to noncurrent loans
388.60%Noncurrent assets plus other real estate owned to assets
0.27%Noncurrent loans to loans
0.30%Net loans and leases to deposits
83.73%Net loans and leases to core deposits
87.81%Equity capital to assets
7.55%Core capital (leverage) ratio
7.64%Tier 1 risk-based capital ratio
10.86%Total risk-based capital ratio
Memoranda
$12Average assets
$254,571Average earning assets
$18,584Average equity
$237,542Average loans

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