FDIC Certificate #: 11093 Status: Inactive Closing history: Merger - Without Assistance Acquiring institution:The Citizens Banking Company (#12982) Federal Reserve ID: 969817 Date Established: September 01, 1905 Bank Charter Class: Commercial bank, state charter and Fed member, supervised by the Federal Reserve (FRB) Offices: 1 (Interstate: No) OTS Docket #: 10754 FDIC's unique #: 7089 Numeric code: 13 Regulator: FED Insurance Fund Membership: Bank Insurance Fund (BIF) Bank Insurance Fund: Yes Insured commercial Banks: Yes FDIC Insured: Yes State Chartered: Yes Date of Deposit Insurance: January 01, 1934 Last Structure Change Effective Date: January 02, 2003 Last Structure Change Process Date: January 28, 2003 Last Data Update: January 28, 2003 Data Source Date: April 05, 2012
Location
Address: 208 South Washington Street, Castalia, OH 44824 County: Erie 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): Sandusky, OH (#41780) CBSA Metro Statistical Area: Sandusky, OH (#41780)
Financial Summary
Total assets: $51.6 mil
1992 - 1999 Historical total assets, liabilities and capital ($ 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, 2002)
Dollar figures in thousands
17Total employees (full-time equivalent)
$51,636Total assets
$1,987Cash and due from depository institutions
$14Interest-bearing balances
$11,061Securities
$3,490Federal funds sold & reverse repurchase agreements
$32,561Net loans & leases
$454Loan loss allowance
$0Trading account assets
$907Bank premises and fixed assets
$0Other real estate owned
$672Goodwill and other intangibles
$0Life insurance assets
$958All other assets
$51,636Total liabilities and capital
$45,281Total liabilities
$44,950Total deposits
$40,074Interest-bearing deposits
$44,950Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$80Other borrowed funds
$0Subordinated debt
$251All other liabilities
$6,355Total equity capital
$6,355Total bank equity capital
$6,355Perpetual preferred stock
$0Common stock
$600Surplus
$6,989Undivided profits
Memoranda
$-1,234Noncurrent loans and leases
$975Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$76Earning assets
$0Long-term assets (5+ years)
$501Average Assets, year-to-date
$47,126Average Assets, quarterly
$14,202Volatile liabilities
$50,873Insider loans
$51,349FHLB advances
$4,674Loans and leases held for sale
$284Unused loan commitments
$80Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$975Total unused commitments
$0Restructured Loans and leases
$405Derivatives
Income and Expense (December 31, 2002)
Dollar figures in thousands
$3,059Total interest income
$881Total interest expense
$2,178Net interest income
$7Provision for loan and lease losses
$379Total noninterest income
$0Fiduciary activities
$262Service charges on deposit accounts
$0Trading account gains & fees
$117Additional noninterest income
$1,296Total noninterest expense
$555Salaries and employee benefits
$143Premises and equipment expense
$598Additional noninterest expense
$1,254Pre-tax net operating income
$0Securities gains (losses)
$404Applicable income taxes
$850Income before extraordinary items
$0Extraordinary gains - net
$850Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$1Sale, conversion, retirement of capital stock, net
$370Net operating income
Performance and Condition Ratios (December 31, 2002)
Dollar figures in thousands
Performance Ratios (%, annualized)
6.52%Yield on earning assets
1.88%Cost of funding earning assets
4.64%Net interest margin
0.81%Noninterest income to earning assets
2.76%Noninterest expense to earning assets
1.67%Net operating income to assets
1.67%Return on assets (ROA)
2.46%Pretax return on assets
13.64%Return on equity (ROE)
7.70%Retained earnings to average equity (YTD only)
0.00%Net charge-offs to loans
700.00%Credit loss provision to net charge-offs
1261.00%Efficiency ratio
50,684Assets per employee
3.04%Cash dividends to net income (YTD only)
Condition Ratios (%)
43.53%Loss allowance to loans
1.38%Loss allowance to noncurrent loans
597.37%Noncurrent assets plus other real estate owned to assets
0.15%Noncurrent loans to loans
0.23%Net loans and leases to deposits
72.44%Net loans and leases to core deposits
80.68%Equity capital to assets
12.31%Core capital (leverage) ratio
11.02%Tier 1 risk-based capital ratio
17.27%Total risk-based capital ratio
Memoranda
$19Average assets
$50,873Average earning assets
$6,231Average equity
$46,945Average loans
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