FDIC Certificate #: 35184 Status: Inactive Closing history: Corrections Acquiring institution:Sky Bank (#5982) Federal Reserve ID: 2831619 Date Established: August 25, 1999 WWW:http://www.prospectbank.com Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 4 (Interstate: No) FDIC's unique #: 75657 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: August 25, 1999 Last Structure Change Effective Date: December 03, 2004 Last Structure Change Process Date: December 29, 2004 Last Data Update: December 29, 2004 Data Source Date: April 05, 2012
Location
Address: 1600 Bethel Road, Columbus, OH 43220 County: Franklin 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)
History of Changes
Merger - Without Assistance
Corrections
Financial Summary
Total assets: $210.9 mil
2000 - 2011 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2003)
Dollar figures in thousands
35Total employees (full-time equivalent)
$186,860Total assets
$5,645Cash and due from depository institutions
$0Interest-bearing balances
$1,514Securities
$0Federal funds sold & reverse repurchase agreements
$174,935Net loans & leases
$1,949Loan loss allowance
$0Trading account assets
$3,130Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$1,636All other assets
$186,860Total liabilities and capital
$172,727Total liabilities
$155,979Total deposits
$144,550Interest-bearing deposits
$155,979Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,500Other borrowed funds
$0Subordinated debt
$1,248All other liabilities
$14,133Total equity capital
$14,133Total bank equity capital
$14,133Perpetual preferred stock
$0Common stock
$613Surplus
$11,862Undivided profits
Memoranda
$1,658Noncurrent loans and leases
$42,252Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$528Earning assets
$0Long-term assets (5+ years)
$723Average Assets, year-to-date
$176,449Average Assets, quarterly
$7,542Volatile liabilities
$166,656Insider loans
$181,713FHLB advances
$33,642Loans and leases held for sale
$4,322Unused loan commitments
$15,500Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$925Total risk weighted assets
$42,252Total unused commitments
$0Restructured Loans and leases
$1,879Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$9,427Total interest income
$3,365Total interest expense
$6,062Net interest income
$576Provision for loan and lease losses
$657Total noninterest income
$0Fiduciary activities
$135Service charges on deposit accounts
$0Trading account gains & fees
$522Additional noninterest income
$3,566Total noninterest expense
$2,245Salaries and employee benefits
$381Premises and equipment expense
$940Additional noninterest expense
$2,577Pre-tax net operating income
$0Securities gains (losses)
$876Applicable income taxes
$1,701Income before extraordinary items
$0Extraordinary gains - net
$1,701Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$39Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.95%Yield on earning assets
2.12%Cost of funding earning assets
3.82%Net interest margin
0.41%Noninterest income to earning assets
2.25%Noninterest expense to earning assets
1.02%Net operating income to assets
1.02%Return on assets (ROA)
1.55%Pretax return on assets
13.63%Return on equity (ROE)
13.63%Retained earnings to average equity (YTD only)
0.03%Net charge-offs to loans
1476.92%Credit loss provision to net charge-offs
80.85%Efficiency ratio
53,073Assets per employee
5.34%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.10%Loss allowance to noncurrent loans
369.13%Noncurrent assets plus other real estate owned to assets
0.28%Noncurrent loans to loans
0.30%Net loans and leases to deposits
112.15%Net loans and leases to core deposits
128.78%Equity capital to assets
7.56%Core capital (leverage) ratio
7.83%Tier 1 risk-based capital ratio
9.40%Total risk-based capital ratio
Memoranda
$11Average assets
$166,656Average earning assets
$12,483Average equity
$158,533Average loans
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