FDIC Certificate #: 17338 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Wayne Savings Community Bank (#29847) Federal Reserve ID: 956611 Date Established: September 01, 1881 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 1 (Interstate: No) FDIC's unique #: 11348 Numeric code: 3 Regulator: OCC Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: No Date of Deposit Insurance: June 25, 1954 Last Structure Change Effective Date: June 01, 2004 Last Structure Change Process Date: June 22, 2004 Last Data Update: June 22, 2004 Data Source Date: April 05, 2012
Location
Address: Main Street, Creston, OH 44217 County: Wayne 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 Core Based Statistical Area (CBSA): Wooster, OH (#49300) CBSA Micro Statistical Area: Yes
Financial Summary
Total assets: $28.2 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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
12Total employees (full-time equivalent)
$27,738Total assets
$1,607Cash and due from depository institutions
$0Interest-bearing balances
$8,757Securities
$3,840Federal funds sold & reverse repurchase agreements
$12,628Net loans & leases
$287Loan loss allowance
$0Trading account assets
$477Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$429All other assets
$27,738Total liabilities and capital
$24,433Total liabilities
$24,415Total deposits
$20,270Interest-bearing deposits
$24,415Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$18All other liabilities
$3,305Total equity capital
$3,305Total bank equity capital
$3,305Perpetual preferred stock
$0Common stock
$50Surplus
$450Undivided profits
Memoranda
$2,805Noncurrent loans and leases
$372Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$198Earning assets
$0Long-term assets (5+ years)
$160Average Assets, year-to-date
$25,225Average Assets, quarterly
$2,688Volatile liabilities
$28,427Insider loans
$27,675FHLB advances
$728Loans and leases held for sale
$209Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$372Total unused commitments
$0Restructured Loans and leases
$184Derivatives
Income and Expense (December 31, 2003)
Dollar figures in thousands
$1,309Total interest income
$234Total interest expense
$1,075Net interest income
$50Provision for loan and lease losses
$114Total noninterest income
$0Fiduciary activities
$88Service charges on deposit accounts
$0Trading account gains & fees
$26Additional noninterest income
$1,164Total noninterest expense
$550Salaries and employee benefits
$119Premises and equipment expense
$495Additional noninterest expense
-$25Pre-tax net operating income
$0Securities gains (losses)
-$62Applicable income taxes
$37Income before extraordinary items
$0Extraordinary gains - net
$37Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$111Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2003)
Dollar figures in thousands
Performance Ratios (%, annualized)
5.23%Yield on earning assets
0.94%Cost of funding earning assets
4.30%Net interest margin
0.46%Noninterest income to earning assets
4.65%Noninterest expense to earning assets
0.13%Net operating income to assets
0.13%Return on assets (ROA)
-0.09%Pretax return on assets
1.15%Return on equity (ROE)
1.15%Retained earnings to average equity (YTD only)
0.81%Net charge-offs to loans
45.05%Credit loss provision to net charge-offs
0.23%Efficiency ratio
97,897Assets per employee
2.31%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
2.22%Loss allowance to noncurrent loans
144.95%Noncurrent assets plus other real estate owned to assets
0.71%Noncurrent loans to loans
1.53%Net loans and leases to deposits
51.72%Net loans and leases to core deposits
53.31%Equity capital to assets
11.92%Core capital (leverage) ratio
11.78%Tier 1 risk-based capital ratio
22.40%Total risk-based capital ratio
Memoranda
$24Average assets
$28,427Average earning assets
$3,211Average equity
$25,010Average loans
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