Seven Hills Savings Association in Cincinnati, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of August 11, 1997

  • Seven Hills Savings Association in Cincinnati, Ohio (OH)
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Seven Hills Savings Association - Overview

  • General
  • FDIC Certificate #: 28233
    Status: Inactive
    Closing history: Corrections
    Acquiring institution: Cornerstone Bank (#27691)
    Federal Reserve ID: 764272
    Date Established: July 17, 1882
    Bank Charter Class: Savings associations, state or federal charter, supervised by the Office of Thrift Supervision (OTS)
    OTS Docket #: 1193
    FDIC's unique #: 41067
    Numeric code: 35
    Regulator: OTS
    Insurance Fund Membership: Savings Association Insurance Fund (SAIF)
    FDIC Insured: Yes
    SAIF Insured: Yes
    Insured Savings Institution: Yes
    State Chartered: Yes
    Date of Deposit Insurance: March 25, 1985
    Last Structure Change Effective Date: August 11, 1997
    Last Structure Change Process Date: September 16, 1997
    Last Data Update: September 16, 1997
    Data Source Date: April 05, 2012
  • Location
  • Address: 1440 Main Street, Cincinnati, OH 45210
    County: Hamilton
    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): Cincinnati, OH-KY-IN (#1640)
    Consolidated Metropolitan Statistical Area (CMSA): Cincinnati-Hamilton, OH-KY-IN (#21)
    Combined Statistical Area (CSA): Cincinnati-Middletown-Wilmington, OH-KY-IN (#178)
    Core Based Statistical Area (CBSA): Cincinnati-Middletown, OH-KY-IN (#17140)
    CBSA Metro Statistical Area: Cincinnati-Middletown, OH-KY-IN (#17140)
  • History of Changes
  • Merger - Without Assistance
    Corrections
  • Financial Summary
  • Total assets: $44.8 mil

1992 - 1999 Historical total assets, liabilities and capital ($ mil)

Historical Total Incomes ($ mil)

Historical Total Expenses ($ mil)

Assets and Liabilities (December 31, 1996)

  • Dollar figures in thousands
  • 0Total employees (full-time equivalent)
  • $13Total assets
  • $46,662Cash and due from depository institutions
  • $2,234Interest-bearing balances
  • $2,046Securities
  • $7,599Federal funds sold & reverse repurchase agreements
  • $300Net loans & leases
  • $34,368Loan loss allowance
  • $216Trading account assets
  • $0Bank premises and fixed assets
  • $492Other real estate owned
  • $0Goodwill and other intangibles
  • $877Life insurance assets
  • $792All other assets
  • $0Total liabilities and capital
  • $46,662Total liabilities
  • $37,119Total deposits
  • $36,818Interest-bearing deposits
  • $36,818Deposits held in domestic offices
  • 36818.00%% insured (estimated)
  • $100Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $0Other borrowed funds
  • $0Subordinated debt
  • $0All other liabilities
  • $301Total equity capital
  • $301Total bank equity capital
  • $9,543Perpetual preferred stock
  • $0Common stock
  • $565Surplus
  • $8,966Undivided profits
  • Memoranda
  • $12Noncurrent loans and leases
  • $0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $94Income earned, not collected on loans
  • $129Earning assets
  • $44,313Long-term assets (5+ years)
  • $0Average Assets, year-to-date
  • $45,574Average Assets, quarterly
  • $46,068Volatile liabilities
  • $1,948Insider loans
  • $0FHLB advances
  • $0Loans and leases held for sale
  • $0Unused loan commitments
  • $594Tier 1 (core) risk-based capital
  • $0Tier 2 risk-based capital
  • $8,744Total risk weighted assets
  • $21,859Total unused commitments
  • $0Restructured Loans and leases
  • $0Derivatives

Income and Expense (December 31, 1996)

  • Dollar figures in thousands
  • $0Total interest income
  • $829Total interest expense
  • $465Net interest income
  • $364Provision for loan and lease losses
  • $166Total noninterest income
  • $11Fiduciary activities
  • $0Service charges on deposit accounts
  • $0Trading account gains & fees
  • $0Additional noninterest income
  • $11Total noninterest expense
  • $787Salaries and employee benefits
  • $617Premises and equipment expense
  • $36Additional noninterest expense
  • $134Pre-tax net operating income
  • -$578Securities gains (losses)
  • $0Applicable income taxes
  • -$15Income before extraordinary items
  • -$563Extraordinary gains - net
  • $0Net income attributable to bank
  • -$563Net charge-offs
  • $0Cash dividends
  • $0Sale, conversion, retirement of capital stock, net
  • $0Net operating income

Performance and Condition Ratios (December 31, 1996)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 0.00%Yield on earning assets
  • 1.88%Cost of funding earning assets
  • 1.06%Net interest margin
  • 0.83%Noninterest income to earning assets
  • 0.02%Noninterest expense to earning assets
  • 1.79%Net operating income to assets
  • -1.24%Return on assets (ROA)
  • -1.24%Pretax return on assets
  • -1.27%Return on equity (ROE)
  • -6.64%Retained earnings to average equity (YTD only)
  • -6.64%Net charge-offs to loans
  • 0.00%Credit loss provision to net charge-offs
  • 0.00%Efficiency ratio
  • 201,333Assets per employee
  • 3.59%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 0.00%Loss allowance to loans
  • 0.62%Loss allowance to noncurrent loans
  • 229.79%Noncurrent assets plus other real estate owned to assets
  • 0.20%Noncurrent loans to loans
  • 0.27%Net loans and leases to deposits
  • 93.35%Net loans and leases to core deposits
  • 98.56%Equity capital to assets
  • 20.45%Core capital (leverage) ratio
  • 19.07%Tier 1 risk-based capital ratio
  • 40.00%Total risk-based capital ratio
  • Memoranda
  • $41Average assets
  • $45,574Average earning assets
  • $8,480Average equity
  • $44,012Average loans

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