FDIC Certificate #: 33278 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:Firstmerit Bank, National Association (#13675) Federal Reserve ID: 1829655 Date Established: January 22, 1991 Bank Charter Class: Commercial bank, national (federal) charter and Fed member, supervised by the Office of the Comptroller of the Currency (OCC) Offices: 3 (Interstate: No) OTS Docket #: 9330 FDIC's unique #: 46748 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: January 22, 1991 Last Structure Change Effective Date: Febuary 12, 1999 Last Structure Change Process Date: May 12, 1999 Last Data Update: May 12, 1999 Data Source Date: April 05, 2012
Location
Address: 2680 West Market Street, Fairlawn, OH 44333 County: Summit 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): Akron, OH (#80) Consolidated Metropolitan Statistical Area (CMSA): Cleveland-Akron, OH (#28) Combined Statistical Area (CSA): Cleveland-Akron-Elyria, OH (#184) Core Based Statistical Area (CBSA): Akron, OH (#10420) CBSA Metro Statistical Area: Akron, OH (#10420)
Financial Summary
Total assets: $119.8 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 1998)
Dollar figures in thousands
48Total employees (full-time equivalent)
$119,841Total assets
$4,424Cash and due from depository institutions
$2,123Interest-bearing balances
$11,532Securities
$0Federal funds sold & reverse repurchase agreements
$99,403Net loans & leases
$1,315Loan loss allowance
$0Trading account assets
$838Bank premises and fixed assets
$0Other real estate owned
$1,159Goodwill and other intangibles
$0Life insurance assets
$2,485All other assets
$119,841Total liabilities and capital
$109,604Total liabilities
$92,215Total deposits
$76,936Interest-bearing deposits
$92,215Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$15,423Other borrowed funds
$0Subordinated debt
$1,966All other liabilities
$10,237Total equity capital
$10,237Total bank equity capital
$10,237Perpetual preferred stock
$0Common stock
$2,000Surplus
$4,935Undivided profits
Memoranda
$3,302Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$231Earning assets
$77Long-term assets (5+ years)
$498Average Assets, year-to-date
$113,058Average Assets, quarterly
$21,960Volatile liabilities
$110,975Insider loans
$120,487FHLB advances
$9,397Loans and leases held for sale
$1,567Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$3,974Total risk weighted assets
$18,583Total unused commitments
$0Restructured Loans and leases
$95,525Derivatives
Income and Expense (December 31, 1998)
Dollar figures in thousands
$9,671Total interest income
$4,697Total interest expense
$4,974Net interest income
$399Provision for loan and lease losses
$1,703Total noninterest income
$0Fiduciary activities
$217Service charges on deposit accounts
$0Trading account gains & fees
$1,486Additional noninterest income
$4,028Total noninterest expense
$2,244Salaries and employee benefits
$667Premises and equipment expense
$1,117Additional noninterest expense
$2,250Pre-tax net operating income
$0Securities gains (losses)
$699Applicable income taxes
$1,551Income before extraordinary items
$0Extraordinary gains - net
$1,551Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$120Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 1998)
Dollar figures in thousands
Performance Ratios (%, annualized)
9.28%Yield on earning assets
4.51%Cost of funding earning assets
4.77%Net interest margin
1.63%Noninterest income to earning assets
3.87%Noninterest expense to earning assets
1.40%Net operating income to assets
1.40%Return on assets (ROA)
2.03%Pretax return on assets
17.43%Return on equity (ROE)
17.43%Retained earnings to average equity (YTD only)
0.13%Net charge-offs to loans
332.50%Credit loss provision to net charge-offs
22.07%Efficiency ratio
59,009Assets per employee
2.50%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
1.31%Loss allowance to noncurrent loans
569.26%Noncurrent assets plus other real estate owned to assets
0.19%Noncurrent loans to loans
0.23%Net loans and leases to deposits
107.79%Net loans and leases to core deposits
120.03%Equity capital to assets
8.54%Core capital (leverage) ratio
7.70%Tier 1 risk-based capital ratio
9.51%Total risk-based capital ratio
Memoranda
$11Average assets
$110,975Average earning assets
$8,896Average equity
$104,190Average loans
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