Sky Bank in Salineville, Ohio (OH)
Overview, Financial Summary, Detailed Financial Reports, Branches

This bank is inactive as of September 21, 2007

  • Sky Bank in Salineville, Ohio (OH)
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Sky Bank - Overview

  • General
  • FDIC Certificate #: 5982
    Status: Inactive
    Closing history: Merger - Without Assistance
    Acquiring institution: The Huntington National Bank (#6560)
    Federal Reserve ID: 576710
    Date Established: November 06, 1887
    Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB)
    Offices: 332 (Interstate: No)
    OTS Docket #: 11226
    FDIC's unique #: 4057
    Numeric code: 13
    Regulator: FED
    Insurance Fund Membership: Deposit Insurance Fund (DIF)
    Insured commercial Banks: Yes
    FDIC Insured: Yes
    Deposit Insurance Fund member: Yes
    State Chartered: Yes
    Date of Deposit Insurance: January 01, 1934
    Last Structure Change Effective Date: September 21, 2007
    Last Structure Change Process Date: September 28, 2007
    Last Data Update: September 28, 2007
    Data Source Date: April 05, 2012
  • Location
  • Address: 10 East Main Street, Salineville, OH 43945
    County: Columbiana
    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): Youngstown-Warren, OH (#9320)
    Combined Statistical Area (CSA): Youngstown-Warren-East Liverpool, OH-PA (#566)
    Core Based Statistical Area (CBSA): East Liverpool-Salem, OH (#20620)
    CBSA Micro Statistical Area: Yes
  • Financial Summary
  • Total assets: $16,609.8 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, 2006)

  • Dollar figures in thousands
  • 3,861Total employees (full-time equivalent)
  • $17,532,058Total assets
  • $348,987Cash and due from depository institutions
  • $3,709Interest-bearing balances
  • $2,907,992Securities
  • $40,000Federal funds sold & reverse repurchase agreements
  • $12,673,846Net loans & leases
  • $172,990Loan loss allowance
  • $0Trading account assets
  • $197,909Bank premises and fixed assets
  • $21,375Other real estate owned
  • $783,215Goodwill and other intangibles
  • $150,136Life insurance assets
  • $558,734All other assets
  • $17,532,058Total liabilities and capital
  • $15,503,764Total liabilities
  • $13,318,225Total deposits
  • $11,279,605Interest-bearing deposits
  • $13,318,225Deposits held in domestic offices
  • 0.00%% insured (estimated)
  • $978,661Federal funds purchased & repurchase agreements
  • $0Trading liabilities
  • $903,725Other borrowed funds
  • $76,000Subordinated debt
  • $227,153All other liabilities
  • $2,028,294Total equity capital
  • $2,028,294Total bank equity capital
  • $2,028,294Perpetual preferred stock
  • $0Common stock
  • $1Surplus
  • $1,454,245Undivided profits
  • Memoranda
  • $574,048Noncurrent loans and leases
  • $3,887,282Noncurrent loans that are wholly or partially guaranteed by the U.S. government
  • $0Income earned, not collected on loans
  • $161,098Earning assets
  • $19,792Long-term assets (5+ years)
  • $86,763Average Assets, year-to-date
  • $15,625,547Average Assets, quarterly
  • $4,143,384Volatile liabilities
  • $15,950,031Insider loans
  • $16,630,124FHLB advances
  • $3,858,908Loans and leases held for sale
  • $95,836Unused loan commitments
  • $903,645Tier 1 (core) risk-based capital
  • $695,610Tier 2 risk-based capital
  • $20,019Total risk weighted assets
  • $3,887,282Total unused commitments
  • $42Restructured Loans and leases
  • $242,881Derivatives

Income and Expense (December 31, 2006)

  • Dollar figures in thousands
  • $1,006,688Total interest income
  • $441,768Total interest expense
  • $564,920Net interest income
  • $36,845Provision for loan and lease losses
  • $145,192Total noninterest income
  • $20Fiduciary activities
  • $69,500Service charges on deposit accounts
  • $0Trading account gains & fees
  • $75,672Additional noninterest income
  • $372,377Total noninterest expense
  • $173,208Salaries and employee benefits
  • $63,307Premises and equipment expense
  • $135,862Additional noninterest expense
  • $300,890Pre-tax net operating income
  • -$19,148Securities gains (losses)
  • $94,949Applicable income taxes
  • $186,793Income before extraordinary items
  • $0Extraordinary gains - net
  • $186,793Net income attributable to bank
  • $0Net charge-offs
  • $0Cash dividends
  • $38,699Sale, conversion, retirement of capital stock, net
  • $97,000Net operating income

Performance and Condition Ratios (December 31, 2006)

  • Dollar figures in thousands
  • Performance Ratios (%, annualized)
  • 7.01%Yield on earning assets
  • 3.08%Cost of funding earning assets
  • 3.93%Net interest margin
  • 1.01%Noninterest income to earning assets
  • 2.59%Noninterest expense to earning assets
  • 1.25%Net operating income to assets
  • 1.17%Return on assets (ROA)
  • 1.77%Pretax return on assets
  • 11.36%Return on equity (ROE)
  • 5.46%Retained earnings to average equity (YTD only)
  • 0.34%Net charge-offs to loans
  • 95.21%Credit loss provision to net charge-offs
  • 8.73%Efficiency ratio
  • 50,342Assets per employee
  • 4.54%Cash dividends to net income (YTD only)
  • Condition Ratios (%)
  • 51.93%Loss allowance to loans
  • 1.35%Loss allowance to noncurrent loans
  • 107.38%Noncurrent assets plus other real estate owned to assets
  • 1.04%Noncurrent loans to loans
  • 1.25%Net loans and leases to deposits
  • 95.16%Net loans and leases to core deposits
  • 114.69%Equity capital to assets
  • 11.57%Core capital (leverage) ratio
  • 8.73%Tier 1 risk-based capital ratio
  • 10.22%Total risk-based capital ratio
  • Memoranda
  • $12Average assets
  • $15,950,031Average earning assets
  • $1,644,764Average equity
  • $14,356,298Average loans

Total Fiduciary and Related Assets (December 31, 2006)

  • Dollar figures in thousands
  • $1Total fiduciary and related assets
  • 1Number of Fiduciary Accounts and Related Asset Accounts
  • YesFiduciary powers granted
  • YesFiduciary or related activity
  • $24,949Managed Assets
  • 1Number of Accounts
  • $15,030Personal trust and agency accounts
  • $14,093Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $0Other retirement accounts
  • $937Corporate trust and agency accounts
  • $0Investment management agency accounts
  • $0Other fiduciary accounts
  • $0Fiduciary accounts held in foreign offices
  • $0Non-managed Assets
  • 55Number of Accounts
  • $0Personal trust and agency accounts
  • $0Employee benefit-defined contribution accounts
  • $0Employee benefit-defined benefit accounts
  • $9,919Other retirement accounts
  • $0Corporate trust and agency accounts
  • $0Other fiduciary accounts
  • $9,846Fiduciary accounts held in foreign offices

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