FDIC Certificate #: 6629 Status: Inactive Closing history: Corrections Acquiring institution:North Valley Bank (#2284) Federal Reserve ID: 1002524 Date Established: November 19, 1872 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 #: 4440 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 01, 1934 Last Structure Change Effective Date: May 03, 2001 Last Structure Change Process Date: May 09, 2001 Last Data Update: May 09, 2001 Data Source Date: April 05, 2012
Location
Address: 10 Third Street, Malta, OH 43758 County: Morgan 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
History of Changes
Absorption - Assisted
Corrections
Financial Summary
Total assets: $9.1 mil
1992 - 1999 Historical total assets, liabilities and capital ($ mil)
Historical Total Incomes ($ mil)
Historical Total Expenses ($ mil)
Historical total employees (full-time equivalent)
Assets and Liabilities (December 31, 2000)
Dollar figures in thousands
7Total employees (full-time equivalent)
$7,829Total assets
$1,372Cash and due from depository institutions
$914Interest-bearing balances
$1,494Securities
$260Federal funds sold & reverse repurchase agreements
$4,418Net loans & leases
$183Loan loss allowance
$0Trading account assets
$191Bank premises and fixed assets
$0Other real estate owned
$0Goodwill and other intangibles
$0Life insurance assets
$94All other assets
$7,829Total liabilities and capital
$7,542Total liabilities
$7,510Total deposits
$6,919Interest-bearing deposits
$7,510Deposits held in domestic offices
0.00%% insured (estimated)
$0Federal funds purchased & repurchase agreements
$0Trading liabilities
$0Other borrowed funds
$0Subordinated debt
$32All other liabilities
$287Total equity capital
$287Total bank equity capital
$287Perpetual preferred stock
$0Common stock
$433Surplus
$779Undivided profits
Memoranda
$-925Noncurrent loans and leases
$0Noncurrent loans that are wholly or partially guaranteed by the U.S. government
$0Income earned, not collected on loans
$365Earning assets
$0Long-term assets (5+ years)
$64Average Assets, year-to-date
$7,086Average Assets, quarterly
$2,402Volatile liabilities
$8,322Insider loans
$7,879FHLB advances
$1,408Loans and leases held for sale
$26Unused loan commitments
$0Tier 1 (core) risk-based capital
$0Tier 2 risk-based capital
$0Total risk weighted assets
$0Total unused commitments
$0Restructured Loans and leases
$48Derivatives
Income and Expense (December 31, 2000)
Dollar figures in thousands
$632Total interest income
$366Total interest expense
$266Net interest income
$82Provision for loan and lease losses
$68Total noninterest income
$0Fiduciary activities
$39Service charges on deposit accounts
$0Trading account gains & fees
$29Additional noninterest income
$818Total noninterest expense
$265Salaries and employee benefits
$31Premises and equipment expense
$522Additional noninterest expense
-$566Pre-tax net operating income
$0Securities gains (losses)
$0Applicable income taxes
-$566Income before extraordinary items
$0Extraordinary gains - net
-$566Net income attributable to bank
$0Net charge-offs
$0Cash dividends
$159Sale, conversion, retirement of capital stock, net
$0Net operating income
Performance and Condition Ratios (December 31, 2000)
Dollar figures in thousands
Performance Ratios (%, annualized)
8.37%Yield on earning assets
4.85%Cost of funding earning assets
3.52%Net interest margin
0.90%Noninterest income to earning assets
10.83%Noninterest expense to earning assets
-6.80%Net operating income to assets
-6.80%Return on assets (ROA)
-6.80%Pretax return on assets
-94.18%Return on equity (ROE)
-94.18%Retained earnings to average equity (YTD only)
3.14%Net charge-offs to loans
51.57%Credit loss provision to net charge-offs
-3.04%Efficiency ratio
244,910Assets per employee
1.12%Cash dividends to net income (YTD only)
Condition Ratios (%)
0.00%Loss allowance to loans
3.98%Loss allowance to noncurrent loans
50.14%Noncurrent assets plus other real estate owned to assets
4.66%Noncurrent loans to loans
7.93%Net loans and leases to deposits
58.83%Net loans and leases to core deposits
72.40%Equity capital to assets
3.67%Core capital (leverage) ratio
3.55%Tier 1 risk-based capital ratio
7.45%Total risk-based capital ratio
Memoranda
$9Average assets
$8,322Average earning assets
$601Average equity
$7,552Average loans
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