Savings Bank & Trust in Wadsworth, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of December 10, 2004

  • Savings Bank & Trust in Wadsworth, Ohio (OH)
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Savings Bank & Trust - Overview

  • General
  • FDIC Certificate #: 770
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: National City Bank (#6557)
    Federal Reserve ID: 90627
    Date Established: January 01, 1907
    WWW: http://www.svgsbank.com
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 14 (Interstate: No)
    OTS Docket #: 13773
    FDIC's unique #: 492
    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: January 01, 1934
    Last Structure Change Effective Date: December 10, 2004
    Last Structure Change Process Date: January 11, 2005
    Last Data Update: January 11, 2005
    Data Source Date: April 05, 2012
  • Location
  • Address: 1052 High Street, Wadsworth, OH 44281
    County: Medina
    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: $376.9 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, 2003)

  • Dollar figures in thousands
  • 125Total employees (full-time equivalent)
  • $381,878Total assets
  • $10,154Cash and due from depository institutions
  • $16Interest-bearing balances
  • $153,542Securities
  • $75Federal funds sold & reverse repurchase agreements
  • $175,780Net loans & leases
  • $2,751Loan loss allowance
  • $0Trading account assets
  • $7,119Bank premises and fixed assets
  • $0Other real estate owned
  • $29,697Goodwill and other intangibles
  • $0Life insurance assets
  • $5,511All other assets
  • $381,878Total liabilities and capital
  • $325,265Total liabilities
  • $302,527Total deposits
  • $259,791Interest-bearing deposits
  • $302,527Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $18,345Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $4,393All other liabilities
  • $56,613Total equity capital
  • $56,613Total bank equity capital
  • $56,613Perpetual preferred stock
  • $0Common stock
  • $1,820Surplus
  • $30,840Undivided profits
  • Memoranda
  • $23,953Noncurrent loans and leases
  • $43,433Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $996Earning assets
  • $330Long-term assets (5+ years)
  • $2,523Average Assets, year-to-date
  • $329,413Average Assets, quarterly
  • $98,059Volatile liabilities
  • $259,651Insider loans
  • $385,921FHLB advances
  • $37,633Loans and leases held for sale
  • $6,273Unused loan commitments
  • $0Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $1,186Total risk weighted assets
  • $43,433Total unused commitments
  • $0Restructured Loans and leases
  • $2,645Derivatives

Income and Expense (December 31, 2003)

  • Dollar figures in thousands
  • $13,407Total interest income
  • $3,335Total interest expense
  • $10,072Net interest income
  • $0Provision for loan and lease losses
  • $2,098Total noninterest income
  • $341Fiduciary activities
  • $1,108Service charges on deposit accounts
  • $0Trading account gains & fees
  • $649Additional noninterest income
  • $7,810Total noninterest expense
  • $3,209Salaries and employee benefits
  • $977Premises and equipment expense
  • $3,624Additional noninterest expense
  • $4,360Pre-tax net operating income
  • $30Securities gains (losses)
  • $1,300Applicable income taxes
  • $3,090Income before extraordinary items
  • $0Extraordinary gains - net
  • $3,090Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $781Sale, conversion, retirement of capital stock, net
  • $3,296Net operating income

Performance and Condition Ratios (December 31, 2003)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 5.79%Yield on earning assets
  • 1.44%Cost of funding earning assets
  • 4.35%Net interest margin
  • 0.91%Noninterest income to earning assets
  • 3.38%Noninterest expense to earning assets
  • 1.18%Net operating income to assets
  • 1.19%Return on assets (ROA)
  • 1.69%Pretax return on assets
  • 10.02%Return on equity (ROE)
  • -0.67%Retained earnings to average equity (YTD only)
  • 0.61%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 5.58%Efficiency ratio
  • 61,857Assets per employee
  • 3.06%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 106.67%Loss allowance to loans
  • 1.54%Loss allowance to noncurrent loans
  • 276.20%Noncurrent assets plus other real estate owned to assets
  • 0.26%Noncurrent loans to loans
  • 0.56%Net loans and leases to deposits
  • 58.10%Net loans and leases to core deposits
  • 62.06%Equity capital to assets
  • 14.82%Core capital (leverage) ratio
  • 7.31%Tier 1 risk-based capital ratio
  • 12.37%Total risk-based capital ratio
  • Memoranda
  • $14Average assets
  • $259,651Average earning assets
  • $30,850Average equity
  • $231,396Average loans

Total Fiduciary and Related Assets (December 31, 2003)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $62,290Managed Assets
  • 1Number of Accounts
  • $50,537Personal trust and agency accounts
  • $17,426Employee benefit-defined contribution accounts
  • $7,750Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $3,451Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $21,910Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 215Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $11,753Other retirement accounts
  • $298Corporate trust and agency accounts
  • $5,901Other fiduciary accounts
  • $4,078Fiduciary accounts held in foreign offices

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