Security Federal Savings and Loan Association of Cleveland
Security Federal Savings and Loan Association of Cleveland in Mayfield Heights, Ohio (OH) Overview, Financial Summary, Detailed Financial Reports, Branches
This bank is inactive as of October 23, 1998
Security Federal Savings and Loan Association of Cleveland in Mayfield Heights, Ohio (OH)
Security Federal Savings and Loan Association of Cleveland - Overview
General
FDIC Certificate #: 28532 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Firstmerit Bank, National Association (#13675) Federal Reserve ID: 184777 Date Established: January 01, 1916 Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS) OTS Docket #: 1783 FDIC's unique #: 41366 Numeric code: 37 Regulator: OTS Insurance Fund Membership: Savings Association Insurance Fund (SAIF) FDIC Insured: Yes SAIF Insured: Yes Insured Savings Institution: Yes State Chartered: No Date of Deposit Insurance: April 21, 1937 Last Structure Change Effective Date: October 23, 1998 Last Structure Change Process Date: November 19, 1998 Last Data Update: November 19, 1998 Data Source Date: April 05, 2012
Location
Address: 1413 Golden Gate Boulevard, Mayfield Heights, OH 44124 County: Cuyahoga 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: $601.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Assets and Liabilities (December 31, 1997)
Dollar figures in thousands
136Total employees (full-time equivalent)
$569,860Total assets
$6,965Cash and due from depository institutions
$951Interest-bearing balances
$21,404Securities
$400Federal funds sold & reverse repurchase agreements
$519,146Net loans & leases
$4,582Loan loss allowance
$0Trading account assets
$7,731Bank premises and fixed assets
$2Other real estate owned
$1,163Goodwill and other intangibles
$0Life insurance assets
$13,049All other assets
$569,860Total liabilities and capital
$522,436Total liabilities
$430,721Total deposits
$407,445Interest-bearing deposits
$430,721Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$87,731Other borrowed funds
$0Subordinated debt
$3,984All other liabilities
$47,424Total equity capital
$47,424Total bank equity capital
$47,424Perpetual preferred stock
$0Common stock
$16Surplus
$6,897Undivided profits
Memoranda
$40,511Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$2,412Earning assets
$0Long-term assets (5+ years)
$3,159Average Assets, year-to-date
$541,901Average Assets, quarterly
$0Volatile liabilities
$549,436Insider loans
$569,755FHLB advances
$178,416Loans and leases held for sale
$706Unused loan commitments
$87,731Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$89,084Total unused commitments
$0Restructured Loans and leases
$450,277Derivatives
Income and Expense (December 31, 1997)
Dollar figures in thousands
$46,004Total interest income
$24,580Total interest expense
$21,424Net interest income
$250Provision for loan and lease losses
$1,998Total noninterest income
$0Fiduciary activities
$0Service charges on deposit accounts
$0Trading account gains & fees
$1,998Additional noninterest income
$10,855Total noninterest expense
$5,732Salaries and employee benefits
$2,360Premises and equipment expense
$2,763Additional noninterest expense
$12,317Pre-tax net operating income
-$46Securities gains (losses)
$4,415Applicable income taxes
$7,856Income before extraordinary items
$0Extraordinary gains - net
$7,856Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$72Sale, conversion, retirement of capital stock, net
$2,301Net operating income
Performance and Condition Ratios (December 31, 1997)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.81%Yield on earning assets
4.71%Cost of funding earning assets
4.10%Net interest margin
0.38%Noninterest income to earning assets
2.08%Noninterest expense to earning assets
1.44%Net operating income to assets
1.43%Return on assets (ROA)
2.23%Pretax return on assets
17.63%Return on equity (ROE)
12.47%Retained earnings to average equity (YTD only)
0.01%Net charge-offs to loans
347.22%Credit loss provision to net charge-offs
174.54%Efficiency ratio
45,893Assets per employee
4.19%Cash dividends to net income (YTD only)
Condition Ratios (%)
29.29%Loss allowance to loans
0.87%Loss allowance to noncurrent loans
189.97%Noncurrent assets plus other real estate owned to assets
0.42%Noncurrent loans to loans
0.46%Net loans and leases to deposits
120.53%Net loans and leases to core deposits
152.67%Equity capital to assets
8.32%Core capital (leverage) ratio
8.17%Tier 1 risk-based capital ratio
10.32%Total risk-based capital ratio
Memoranda
$11Average assets
$549,436Average earning assets
$44,551Average equity
$522,040Average loans
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Security Federal Savings and Loan Association of Cleveland
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